Fleet Management Market - Worldwide Market Forecasts and Analysis (2013 - 2018)

The globally increasing demand for logistics and transportation has opened several business opportunities for the fleet management solutions. The report comprises of system components and technologies market growth for FMS. Rising fuel cost, requirement for operational efficiencies, increasing pollution issues, decreasing fleet management system components and connectivity costs are the key drivers for the fleet management industry. The major companies who are focusing onto the fleet management sector are Accenture, IBM, Motorola Solutions, Qualcomm, Trimble Navigation, TomTom, Masternaut, Garmin International, Fleetmatics, etc.

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The fleet management has gained its popularity through on-premise software. Though today, cloud-based fleet management software has overtaken on-premise software in its demand as well as its popularity due to its operational cost efficiencies. With the proficient management of transportation and logistics FMS provides improved vehicle performance through maintenance planning, enhanced driver safety, proper routing and scheduling of fleet are making fleet management extremely essential for the logistics and transportation sector. All this benefits the cost effective business operation of the fleet owners which is the most important requirement today's competitive environment.

Fleet management solution face challenges in delivering greater efficiency, ensuring greater compliance, and promoting safety. Transportation capacity challenge occurs at freight terminals, seaports, motor carrier hubs, and airports as well as on roadways, railways, airways, and waterways. The land transport links that provide domestic inland distribution can compound seaport congestion problems when they do not pick up the imported freight in a timely manner. Engine emissions controls, energy efficiency standards, hazardous materials regulations, speed limits and numerous other rules and policies are necessary to protect the public or to promote social objectives, but they have an impact on transportation and trade that must also be considered.

This emission control and energy efficiency standards is giving an opportunity for the players to provide quality control services for the fleet management market. The concept of smart transportation and the connected vehicles are also providing opportunity for the new entrants to earn revenue by becoming partners for the product manufacturers. Since the fleet management market is growing rapidly, companies are increasing their product portfolio by consolidating with competitors to increase market share.

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