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Research report explores the smart fleet management market

Automotive and Transportation Market Research

This research report scrutinizes the global smart fleet management market with a focus on key industry players such as Bosch, Cisco, Continental, IBM, Siemens, and TomTom.

MRC Announces the Publication of its Research Report – Global Smart Fleet Management Market 2018-2022

Other Prominent Vendors in the market are: Globecomm, ORBCOMM, Sierra Wireless, and Trakm8.

Commenting on the report, an analyst from MRC’s team said: “The latest trend gaining momentum in the market is growing use of software in fleet management solutions. FM software accomplishes tasks such as tracking procurement costs, recording driver and vehicle details, measuring fleet performance through reports and charts, and scheduling maintenance and servicing tasks.

SaaS-based model is gaining preference as it can be easily distributed via the Internet.”

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According to the report, one of the major drivers for this market is real-time fleet monitoring.

Advanced fleet management software (FMS) connects the vehicle’s onboard computer and acquire data such as vehicle mileage and fuel consumption for the user. FMS primarily acts as vehicle tracking component that is GPS-based and connects to cellular triangulation platform for data acquisition.

Apart from GPS components, tracking capabilities transmit the necessary information, either through terrestrial and satellite tracking, that provides the users to view real-time locations. Also, highly developed vehicle telematics and fleet management systems collect real-time data for fleet and transport managers, to efficiently monitor and track the driver.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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