8/14/2021 Smart Fleet Management Market Key Players, Size, Trends, Opportunities and growth Analysis – Facts and

lysis – Facts and Trends

Smart Fleet Management Market Key Players,

Size, Trends, Opportunities and growth Analysis
AUGUST 13, 2021 BY SURENDRA CHOUDHARY  ♥

Utilization of smart fleet management improves security; lessens costs; and guarantees consistence.
The smart fleet management helps keep drivers innocuous by noticing driver conduct and alarming
the driver of activities that may represent a danger to his/her wellbeing. With admittance to constant
fleet status and fleet information, fleet administrators can perform tasks all the more successfully
and increment driver usefulness. Smart fleet management offers an expansive scope of devices to
address the issues of fleets, everything being equal. Fleet administrators track vehicles progressively
to decrease transportation expenses and inactive time and along these lines, increment the
operational proficiency. The reason for smart fleet management is to convey viable continuous
observing, fleet following, and security.

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Smart fleet management is a completely coordinated framework utilized to improve on formation of

powerful support plans. It coordinates business, specialized or operational prerequisites and
limitations. It’s anything but a completely incorporated set-up of arrangements, which incorporates
flight and business activities, reservations and dispersion, fleet management and support, HR, and
monetary revealing. The smart fleet management offers opportune and applicable information for
ideal business choices that can seriously bring down costs; increment incomes; and improve client
experience. Smart fleet management additionally gives a wide scope of basic alarms, constant
cautions, driver conduct and hostile to robbery alarms, and wellbeing alarms.

Smart fleet management is a fully integrated system employed to simplify creation of effective
maintenance plans. It integrates commercial, technical or operational requirements and restrictions.
It also provides a fully integrated suite of solutions, which includes flight and business operations,
reservations and distribution, fleet management and maintenance, human resources, and financial
reporting. The smart fleet management offers timely and relevant data for optimum business
decisions that can intensely lower costs; increase revenues; and improve customer experience. Smart
fleet management also provides a wide range of critical alerts, real-time alerts, driver behavior and
anti-theft alerts, and safety alerts. Use of smart fleet management enhances safety; reduces costs;
and ensures compliance. The smart fleet management helps keep drivers harmless by observing
driver behavior and alerting the driver of actions that may pose a risk to his/her safety. With access
to real-time fleet status and fleet data, fleet managers can perform operations more effectively and
increase driver productivity. Smart fleet management offers a broad range of tools to meet the needs
of fleets of all sizes. Fleet operators track vehicles in real time to lessen transportation costs and idle
time and thereby, increase the operational efficiency. The purpose of smart fleet management is to
deliver effective real-time monitoring, fleet tracking, and security. With the adoption and
advancement of smart fleet management solutions, driver behavior can be monitored and
maintenance costs can be measured.

Smart fleet management solutions comprise operation management, driver management, and
vehicle management solutions. Increasing adoption of smart fleet management analytics is
anticipated to drive the smart fleet management market in the next few years. Other driving factors
include increasing demand for fleet monitoring and real-time tracking, rising requirement for
automation of processes to enhance efficiency, and requirement for reducing overall operating costs.
The growing need to lessen energy consumption, reduce vehicular emissions, and prevent traffic

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8/14/2021 Smart Fleet Management Market Key Players, Size, Trends, Opportunities and growth Analysis – Facts and Trends

congestions leads to increased adoption of smart fleet management solutions. Smart fleet
management solutions are increasingly being used to improve fuel efficiency of fleets and meet the
need for high-speed networks. Growing safety concerns and favorable government regulations are
expected to drive the smart fleet management market during the forecast period. Advancements in
technologies such as IoT and connected cars is likely to boost the adoption of smart fleet solutions
during the forecast period. However, high initial investments and associated complexities are
expected to restrict the smart fleet management market between 2018 and 2026. Use of IoT and
telematics may bring opportunities in smart fleet management which may expand exponentially.

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The smart fleet management market can segmented based on solution, hardware, and geography. In
terms of solution, the smart fleet management market has been segmented into fleet scheduling,
inventory management, vendor management, and others. The smart fleet management has control
features such as efficiently controlled inventory stocking levels and re-order points. It automatically
reviews invoices and purchase orders. Based on hardware, the smart fleet management market has
been segmented into ADAS, remote diagnostics, and others. With the adoption of smart fleet
management solutions, a service provider or transporter can measure maintenance costs and
monitor driver behavior. The global smart fleet management market is expanding at a rapid pace.
Regions such as North America are looking forward to adopting smart fleet management solutions.
In terms of geography, the global smart fleet management market has been segregated into North
America, Europe, Asia Pacific, Middle East & Africa, and South America. Asia Pacific is projected to
be the leading smart fleet management market in 2018 due to growing transport facilities in
countries such as India, China, and Japan. The smart fleet management market in the region is
driven by regulations about transport safety.

Some of the leading companies in the global smart fleet management market are Denso
Corporation, CarTrack Technologies Co. Ltd, General Motors, ChainwayTSP Co., Ltd., Infineon
Technologies AG, Magellan and Trimble Navigation Ltd., Zonar Systems, and Workwave LLC.

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