Fleet Management

Fleet Management
Fleet Management
Fleet Management
Fleet Management
Fleet Management
Fleet Management
Fleet Management
Fleet Management
Fleet Management
Feature New Record
Automated Fleet Management solutions to connect vehicles and monitor driver activities, allowing managers to gain an unprecedented level of insight into fleet performance and driver behavior. This enables them to know where vehicles and drivers are at all times, identify potential problems much sooner and mitigate risks before they become larger issues that can jeopardize client satisfaction, impact driver safety or increase costs.
Fleet Management (FM) is an early IoT application area, particularly the tracking of vehicles and goods. FM is poised for sustained growth due to the need for differentiated performance in consolidating markets. Developers are responding with highly integrated solutions used for in-vehicle tracking and enabling more competitive, real-time services provided in the field. As technology becomes more agile at collecting, sharing and acting on real-time information, the scope of fleet management has evolved in step to improve efficiencies, increase safety, reduce maintenance cost and improve customer service.

Fleet security and control:
Recent advances in fleet management allow for the addition of over-the-air (OTA) security and control of fleet vehicles. Fleet Security and Control includes security of the vehicle while stopped or not in operation and the ability to safely disable a vehicle while in operation. This allows the fleet manager to recover stolen or rogue vehicles while reducing the chance of lost or stolen cargo. The additional of Fleet Security and Control to a fleet management system gives a fleet card manager preventative measures to address cargo damage and loss.

Remote vehicle disabling systems:
Remote vehicle disabling systems provide users at remote locations the ability to prevent an engine from starting, prevent movement of a vehicle, and to stop or slow an operating vehicle. Remote disabling allows a dispatcher or other authorized personnel to gradually decelerate a vehicle by downshifting, limiting the throttling capability, or bleeding air from the braking system from a remote location. Some of these systems provide advance notification to the driver that the vehicle disabling is about to occur. After stopping a vehicle, some systems will lock the vehicle's brakes or will not allow the vehicle's engine to be restarted within a certain timebound.

Remote disabling systems can also be integrated into a remote panic and emergency notification system. In an emergency, a driver can send an emergency alert by pressing a panic button on the dashboard, or by using a key-fob panic button if the driver is within close proximity of the truck. Then, the carrier or other approved organization can be remotely alerted to allow a dispatcher or other authorized personnel to evaluate the situation, communicate with the driver, and/or potentially disable the vehicle.

Fleet replacement and lifecycle management:
The timely replacement of vehicles and equipment is a process that requires the ability to predict asset lifecycles based on costing information, utilization, and asset age. Organizations prefer to use new fleet as a strategy for cost reduction where the used fleet is sold so that a new fleet is maintained.
Funding requirements are also an issue, because many organizations, especially government, purchase vehicles with cash. The ad hoc nature and traditional low funding levels with cash has put many operations in an aged fleet. This lack of adequate funding for replacement can also result in higher maintenance costs due to aged vehicles.

Benefits: Higher efficiency and monitoring capabilities over assets, less environmental damage by lowering the time drivers spend on the road
-OT CAPEX Reduction
-OPEX Reduction
-Environmental Protection

Key vendors: Donlen, GPS Insight, Teletrac, Verizon Telematics

The fleet management market size is expected to grow from USD 13.78 billion in 2017 to USD 28.66 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 15.8%.

Source: Markets and Markets

Fleet Management Market was valued at $7,755 million, and is expected to reach $34,629 million by 2022.

Source: Global Opportunity Analysis and Industry Forecast, 2014 - 2022

The global smart fleet management market size is expected to reach USD 565.1 billion by 2025. The market is anticipated to register a CAGR of 7.6% from 2017 to 2025.

Source: Grand View Research

The fleet management market is expected to reach USD 34 billion by 2022; Growing at a CAGR of more than 23% in the given forecast period.

Source: Market Watch

The global internet of things (IoT) fleet management market is expected to touch USD 16.86 billion by 2025, according to a new report by Grand View Research, exhibiting a CAGR of 20.8% during the forecast period.

Source: PR newswire

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