Technology News & Trends

Owing to increase in volume of transport operations, the demand for solutions on the fleet management front is increasing too. As per Transparency Market Research study on the market, “ The global  fleet management solution market  will chart a stellar CAGR of 22.6% from 2017 to 2025 over the forecast period. The demand is generated due to introduction of reduction in running costs by these solutions in the business operations of logistics and transport companies. Besides these also lead to better safety and monitoring of fleet, leading to optimization of operations. ” Certain factors that are supporting the growth of this market are associated with technological adoption and advancement in the field. For instance, it is significant to note here that the market is hugely benefitted from adoption and advancement of wireless technology, ELD, and so on. Besides, as international trade is increasing, so is the need for seamless fleet management solutions. As prices of these so...

Owing to increase in volume of transport operations, the demand for solutions on the fleet management front is increasing too. As per Transparency Market Research study on the market, “ The global  fleet management solution market  will chart a stellar CAGR of 22.6% from 2017 to 2025 over the forecast period. The demand is generated due to introduction of reduction in running costs by these solutions in the business operations of logistics and transport companies. Besides these also lead to better safety and monitoring of fleet, leading to optimization of operations. ” Certain factors that are supporting the growth of this market are associated with technological adoption and advancement in the field. For instance, it is significant to note here that the market is hugely benefitted from adoption and advancement of wireless technology, ELD, and so on. Besides, as international trade is increasing, so is the need for seamless fleet management solutions. As prices of these so...

Despite the presence of a large number of companies, the competitive landscape of the global fleet management market witnessed the dominance of few leading players, with the top five companies collectively accounting for a massive 80% of the overall market in 2016, states Transparency Market Research in a recent report. These leading vendors, namely Wheels, Inc., TomTom Telematics BV., Element Fleet Management Corp., Emkay, Inc., and Magellan Navigation, Inc. resort to growth strategies such as product innovation, technological developments in their offerings, and offering tailored solutions to strengthen their market positions. Acquisitions and collaborations are also preferred growth strategy adopted by companies to enhance revenue growth and add to their product portfolios and consumer base. A recent instance is the collaboration between TomTom Telematics BV and German Broadcast organization ARD. The collaboration allowed TomTom Telematics BV to benefit from ARD’s verbal R...