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(USGovernment-News.Com, May 21, 2018 ) The smart fleet management market is moderately fragmented due to the presence of well-diversified global and regional vendors. International players have competence over smaller players in terms of features and price. The competitive environment is intensified due to widening product extensions, technological innovations, and M&A. FMS providers adopt inorganic growth strategies by acquiring regional or local players. To attain competitive advantage in the car tracking device market, the players must adopt new technologies and offer differentiated products.
Publisher's analysts forecast the global smart fleet management market to grow at a CAGR of 7% during the period 2018-2022.
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. Technavio’s market research analysts have identified benefits such as real-time fleet monitoring to be one of the primary growth factors for the smart fleet management market. 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.
Market trend -Growing use of software in fleet management solutions
Fundamentals of Table of Content:
PART 01: Executive summary PART 02: Scope of the report PART 03: Market research methodology PART 04: Introduction PART 05: Global construction market PART 06: Market drivers PART 07: Market trends PART 08: Global AEC market PART 09: Market segmentation by product PART 10: Geographical segmentation PART 11: Market challenges PART 12: Impact of drivers and challenges PART 13: Five forces model PART 14: Key vendor analysis PART 15: Key vendor profiles
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