DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/78l2wn/global_fleet) has announced the addition of the "Global Fleet Management System Market 2014-2018 with Fleetmatics Group, Qualcomm, TomTom & Trimble Navigation Dominating" report to their offering.
The Global Fleet Management System market will grow at a CAGR of 25% to 2018.
The Global Fleet Management System market is driven by several factors, of which increasing demand for this system from the BRIC countries is one of the main drivers. Continuous economic growth in the BRIC countries has improved the financial status of the people in these countries, leading to a rise in the demand for automobiles.
Commenting on the report, an analyst from the team said: Various devices and technologies are now being integrated with fleet vehicles such as mobile phones, GPS, and other software, which have transformed the way fleet operators and drivers interact. This trend will continue to grow, and the improvement in interactions between fleet managers and drivers will enhance the fleet monitoring operations during the forecast period.
Further, the report states that an increase in the operating cost of vehicles as a result of factors such as a rise in vehicle cost and competition from other fleet operators is one of the main challenges inhibiting the market growth. These factors are forcing operators to reduce expenditure on new products and services.
The Global Fleet Management System market is divided into three segments:
- Fleetmatics Group plc
- Qualcomm Inc.
- TomTom International BV
- Trimble Navigation Ltd.
Other Prominent Vendors
- Masternaut Ltd.
- Telogis Inc.
- Trafficmaster Ltd.
Key Market Drivers/Trends/Challenges
- Increasing Demand from BRIC.
- Increase in the Operating Cost of Vehicles.
Increasing Technological Advancements.
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Market Landscape
- Market Segmentation by Application
- Geographical Segmentation
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/78l2wn/global_fleet