Global Fleet Management Systems Market 2015-2019 with Fleetmatics Group, TeleNav, TomTom International & Trimble Navigation Dominating

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Mar 24, 2015, 01:45 ET

DUBLIN, Mar. 24, 2015 /PRNewswire/ --Research and Markets

(http://www.researchandmarkets.com/research/h35j2t/global_fleet) has announced the addition of the "Global Fleet Management Systems Market 2015-2019" report to their offering.

The analysts forecast the Global Fleet Management System market to grow at a CAGR of 26.23% over the period 2014-2019

The report, Global Fleet Management System Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Fleet Management Systems market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

The growing popularity of green fleet management solutions is an emerging trend in the market. Stringent regulations in western countries are ensuring the impact of the business on the environment is minimal and organizations are also conscious of their own public image as an environmentally friendly company.

According to the report, the growing need among fleet operators to increase operational productivity is a key driver that is expected to boost the market growth in the next five years. Fleet operators suffer major cash crunches due to uncertain global economic scenario and to mitigate the effects of this macroeconomic downturn, they employ strategies so as to limit costs and maximize productivity.

Further, the report states that the high set-up costs incurred by fleet operators when incorporating fleet management systems is a major challenge. The capital expenditure incurred in acquiring telematics hardware and connectivity technologies and integrated software solutions is high, which makes it difficult for operators to invest in hi-tech fleet management systems.

The Global Fleet Management System market can be divided into three segments based on the type of technology: Commercial Telematics Hardware, Software Components, and Connectivity Technologies. The major end-users of fleet management systems are specialist logistics companies in the Taxi Fleet Operator and Truck Fleet Operator sectors.

Key Vendors