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Market Research Report
Product code
1031184
Fleet Management Solution Market, By Deployment, By Type, By End-use Industry, By Region - Size, Share, Outlook, and Opportunity Analysis, 2021 - 2028 |
Fleet Management Solution Market, By Deployment, By Type, By End-use Industry, By Region - Size, Share, Outlook, and Opportunity Analysis, 2021 - 2028 |
Published: October 1, 2021
Coherent Market Insights
Content info: 170 Pages
Delivery time: 2-3 business days
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Fleet management refers to a process of enabling companies to streamline and coordinate work vehicles with an objective to reduce costs, provide compliance with government regulations, and enhance efficiency. Different solutions are offered under fleet management such as operations management, driver management, fuel management, speed management, health and safety management, vehicle telematics, and vehicle management. Furthermore, fleet management solutions include various advanced technologies including GPS, data communication, Internet of Things (IoT), artificial intelligence (AI), machine learning, Fleet Management Solution, etc. The global fleet management solution market focuses on six
Fleet management solution includes data management and analytics, which has increased its adoption significantly. Data management and analytics have become crucial since companies have been able to save additional costs. Moreover, these features help collect data from various business processes, synthesize them, and make sense of data points. Data management and analytics form the backbone of an effective and competitive fleet management company. This, in turn, is expected to drive growth of the global fleet management solution market during the forecast period. A majority of transport companies are shifting towards smaller vehicles and fleets, in order to reduce fleet costs and offer better fuel efficiency. With this, many organizations are focused on reducing their operational expenses. Furthermore, downsizing to smaller vehicles offers much lower total cost of ownership (TCO) as compared to heavy vehicles. Numerous fleet management organizations across the globe are trying to program and put a limit on the fleet performance while maintaining balance between driver satisfactions. Thus, these factors are expected to propel the global fleet management solution market growth in the near future.
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