Fleet Management Market and Asset Tracking Trends and 2014-2024 Forecasts

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Sep 11, 2014, 06:30 ET

DALLAS, September 11, 2014 /PRNewswire/ --

RnRMarketResearch.com offers Fleet Management and Asset Tracking: Worldwide Trends, Forecasts and Strategies 2014-2024 and Fleet Management Market (Fleet Analytics, Vehicle Tracking & Fleet Monitoring, Telematics, Vendor Services) By Vehicles (Trucks, Light Goods, Buses, Corporate Fleets, Container Ships, Aircrafts) Worldwide Market Forecasts and Analysis (2013 - 2018) research reports to its store. Fleet management and asset tracking solutions generate high average revenue per connection (ARPC) and a wealth of opportunities for growth, but success depends on robust partnerships and flexible business models to target small and medium-sized businesses.

M2MMachine-to-machine (M2M) solutions play a pivotal role in transport and logistics. They provide real-time tracking and monitoring services for the vehicles and drivers as well as the assets that are being transported. The number of fleet management connections will grow significantly during the next 10 years. Asset tracking also presents a wealth of opportunities for operators.

This Fleet Management and Asset Tracking: Worldwide Trends, Forecasts and Strategies 2014-2024 Viewpoint report, available for purchase at http://www.rnrmarketresearch.com/contacts/purchase?rname=211507, provides:

an analysis of the fleet management and asset tracking market
key implications and recommendations for mobile network operators (MNOs)
a 10-year forecast of fleet management connections and a view of the asset tracking market
key trends in the sector that affect growth, including supply chain analysis and business models.

The Fleet Management Market (Fleet Analytics, Vehicle Tracking & Fleet Monitoring, Telematics, Vendor Services) By Vehicles (Trucks, Light Goods, Buses, Corporate Fleets, Container Ships, Aircrafts) Worldwide Market Forecasts and Analysis (2013 - 2018) research report says the industry is forecast to be worth $30.45 billion by 2018, at an Compound Annual Growth Rate (CAGR) of 22.8% from 2013 to 2018. The growing competitiveness among the transportation service providers, CO2 emission control norms, and rising fuel prices are making the Fleet Management System (FMS) an essential component for the business operation of the fleet vehicle operators.

The number of vehicles is increasing globally with a major boom in the emerging economies; this has a positive impact on the fleet management industry. Asia-Pacific is expected to exhibit the highest growth rate in the fleet management market revenue out of the various regional markets. There are also government endeavors to mandate the incorporation of GPS tracking features in all the new vehicles to be sold and operated in their specific regions, which clearly shows the opportunities for fleet management business growth. Organizations from public transport, service sectors, logistics, and retail industries are expected to bring huge business opportunities for the fleet management vendors.

The report speaks about the business opportunities of the fleet management solutions for various types of vehicles comprising the fleets. It explores business potential of fleet management solutions across varied industry verticals such as academia, government and waste management, public transport, utilities, retail, logistics, construction, mining, oil gas and chemicals, service sectors, and others.

The report analyzes market drivers, restraints, and opportunities, along with a study on key players and the competitive outlook. The report also provides key insights into the industry trends, adoption trends, and best practices in this market. The report brings out the fleet management business potential across the different regions such as North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa. It further segments each regional market by system components, connectivity technologies, services, fleet vehicle types, and industry verticals and forecasts the revenue for the various sub-markets.

Markets Covered

The fleet management market is segmented on the basis of system components and technologies, services, vehicle types, industry verticals, and regions. Based on system components and technologies, the fleet management market is segmented into three categories. They are further classified based on their types.

Fleet Analytics Software

This segment includes the software components involved in FMS. Fleet analytics software segment is again sub-divided into two types: Cloud-based fleet management software and On-premise fleet management software.

Vehicle Tracking Devices

This segment includes all the hardware components used in a FMS. The following are the hardware components:

Communication transreceivers
Sensors
RFID tags and readers
Display terminals
Other devices (batteries and power sources, text-to-speech device for driver instruction, driver alarms)

Telematics Technologies

This segment includes the connectivity technologies involved in FMS. The following are the connectivity technologies: Satellite-GNSS (Global Navigation Satellite System) and Cellular.

Based on services, the fleet management market is segmented into the following categories: Deployments and customization and Maintenance and support.

Based on vehicle types, the fleet management market is segmented into the following seven categories:

Trucks and trailers
Light goods vehicles
Buses and trams
Corporate fleets
Container ships
Commercial and freighter aircrafts
Other vehicles (passenger and goods trains, cruise ships)

Based on industry verticals, the fleet management market is segmented into the following eleven categories:

Academia
Government and waste management
Public transport
Utilities
Retail
Logistics
Construction
Mining
Oil, gas, and chemicals
Service sectors
Other verticals

Based on regions, the fleet management market is segmented into five categories:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

Companies profiled in fleet management market report include Accenture, IBM, Cisco Systems INC., Motorola Solutions INC., Tomtom International BV, Qualcomm Incorporated, Trimble Navigation LTD., Masternaut UK LTD., Fleetmatics Ltd, Trafficmaster LTD, Garmin LTD., ID Systems INC., Ryder System INC., AT&T and PHH Corporation. Key innovators like Verizon Networkfleet, Pointer Telocation LTD., Mercury Associates INC., Digicore, Emkay INC., Geotab INC, Inthinc Technology Solutions INC, Mix Telematics, Telogis and RTA Fleet Management are also discussed in this research available for purchase at http://www.rnrmarketresearch.com/contacts/purchase?rname=111310 .

Explore more reports on automotive technology market at http://www.rnrmarketresearch.com/reports/automotive-transportation/automotive/automotive-technology .

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