TechNavio's Global Fleet Management System Market 2012-2016 report forecasts that the fleet management system market will grow at a CAGR of 26.66 per cent over the period 2012 to 2016.
One of the key factors contributing to this market growth is the expansion of fleet size of commercial vehicles. The global fleet management system market has also been witnessing an increasing number of in-vehicle technologies. However, the increasing operating cost of vehicles could pose a challenge to the growth of this market.
The increase in the number of vehicles globally with major boom from the emerging economies such as Asia-Pacific indicates the upcoming business opportunities for fleet management solutions. Environmental concerns, CO2 emission reduction norms, and fleet operators' need for operational efficiencies are expected to serve as major drivers for the fleet management market. The hardware and connectivity costs are decreasing which is again supporting the growth of the adoption of fleet management systems.
The report covers the market in the Americas, and the EMEA and APAC regions; it also covers the Global Fleet Management System market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market, including1058 FleetMatics, 213 Qualcomm, 1692 TomTom International and 1985 Trimble Navigation, as well as 748 Masternaut, 1623 Telogis and Traffic Master.
One of the key factors contributing to this market growth is the expansion of fleet size of commercial vehicles. The global fleet management system market has also been witnessing an increasing number of in-vehicle technologies. However, the increasing operating cost of vehicles could pose a challenge to the growth of this market.
The increase in the number of vehicles globally with major boom from the emerging economies such as Asia-Pacific indicates the upcoming business opportunities for fleet management solutions. Environmental concerns, CO2 emission reduction norms, and fleet operators' need for operational efficiencies are expected to serve as major drivers for the fleet management market. The hardware and connectivity costs are decreasing which is again supporting the growth of the adoption of fleet management systems.
The report covers the market in the Americas, and the EMEA and APAC regions; it also covers the Global Fleet Management System market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market, including
