Efficiency and Reduced Costs Enabled by Fleet Management Solutions Suit Growing Needs of Logistics Companies

There has been a growing adoption of fleet management analytics in recent years as the need to maintain, track, and operate small as well as large vehicle fleets rises. Fleet management solutions allows companies to systematically co-ordinate work vehicles and in the process, enhance efficiency, minimize costs, and adhere to regulatory norms.

In a recent study by Transparency Market Research, it has been found that recent technological advancements in the field of automation and the transport industry will give the fleet management solutions market a major fillip, enabling it to register an impressive CAGR of over 22.0% from 2017 to 2025.

Q. How has the performance of developing and developed regions been in the worldwide fleet management solutions market?

A. North America has been leading the global fleet management solutions market and will continue to do so in the coming years as well. Europe is next in line, indicating the stronghold the developed regions have in this market. The U.S. has been a major contributor in terms of revenue and thanks to the expansive presence of leading market players and ongoing support from several original equipment manufacturers (OEMs), the North America fleet management solutions market will continue to flourish. Europe is propelled by growing trade via the Pan-European corridor, favorable regulatory scenario, the strong presence of local vendors and solution providers, and rising awareness among businesses regarding the significance of fleet management.

As far as developing regions such as Asia Pacific and Latin America are concerned, the market for fleet management solutions has been gaining much traction. Improving infrastructure, rising adoption of mobile- and web-based business applications, and better and stronger communication networks are some of the factors driving the fleet management solutions market in these regions.

Q. Discuss some of the latest developments in the industry that have given the fleet management solutions market a boost.

A. Micromine, a key provider of intuitive software solutions for the mining industry, released the latest version of its mine control and fleet management solution in May 2017. The Pitram 4.8 is known to aid in surface as well as underground operations so as to improve productivity, minimize costs, and enhance business intelligence and overall safety. With the help of the new mobile application, Pitram Connect, mine control personnel with be able to gain access to crucial data at any given time and any given place.

In mid-May, Dragontail Systems signed an agreement with Roseman Engineering, an Israel-based fleet management firm, to combine Dragontail’s tracking capabilities with the Roseman system. By leveraging Google Maps and similar services, Dragontail’s Algo Dispatching Systems will offer tracking optimization algorithm, versatile navigation functions, and machine learning. It will also enable customers to track the availability of vehicles.

In another development, GPS navigation solutions provider Magellan announced its partnership with Samsung Electronics America, Inc. to provide tracking solutions and commercial-grade truck navigation solutions to long as well as short-haul trucking businesses.


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