A Recent Study Says Fleet Management Software Will Make a Huge Impact in near Future!!
Fleet Management Software is a broad term that consists of all the activities executed to achieve a business goal or objective. This objective could be increasing sales, building business relationships, client support, business operations, training, and among many others. The software comprises the handling of vehicle tracking, maintenance, financing, replacement, routing, and navigation. It helps business enterprises coordinate and handles work vehicles in a central information system. The fleet management software, therefore, helps the enterprise to lessen costs and improves performance according to government regulations also, and the software is valuable for any business such as large and small businesses.
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Fleet management software uses various types of advanced technologies such as big data analytics and GPS to track, analyze, store information, and make predictions related to fleets. With the development of technology and the software is becoming increasingly mobile-friendly and easy to use. The fleet management software is hugely affected by growing operational costs, increasing expenditure on maintenance, and steady growth in the compliance costs. In addition, the software is broadly used by large- and medium-scale fleet owners for simplifying operations. Some of the major factors that are contributing to the positive growth of fleet management software market include increasing global trade, improvements in the automotive sector, rising spending on fleet management software by SMEs, and economic improvements in developing countries such as India, China, and Brazil.
Geographically, Europe held the majority revenue share of the fleet management software market in the year 2018, and it is expected to continue its dominance during the forecast period. IT Infrastructure development, the huge number of SMEs, and focus on the automotive sector are some of the major factors driving the growth of the fleet management software market in this region. In 2018, North America and the Asia Pacific held the second and third position in the global fleet management software market. The other growing regions, such as the Middle East, Africa, and South America, are anticipated to offer significant growth opportunities for fleet management software market players during the forecast period from 2019 to 2027.
Some of The Prominent Players of Fleet Management Software :
· ARI Fleet Management Company
· Element Fleet Management
· Geotab
· GPS Insight
· NexTraq
· Omnitracs
· Teletrac Navman
· Trimble
· Verizon Connect
· Wheels