DUBLIN--(BUSINESS WIRE)--The "Global Commercial Vehicle Fleet Management System Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.
The analysts forecast the Global Commercial Vehicle Fleet Management System Market to grow at a CAGR of 14.45% during the period 2018-2022.
Commercial vehicle fleet management system (CV FMS) is a centralized system that facilitates effective fleet management for operators. FMS consists of functions such as vehicle financing, vehicle maintenance, vehicle telematics, driver management, speed management, fuel management, and health and safety management. FMS integrates hardware, software, and connectivity solutions.
The growing popularity of 360 fleet management system will be a key trend driving the growth of the market. FMS efficiently enhances the efficiency of the fleet with the introduction of camera technology as a support system. With the integration of camera technology, fleet managers can monitor and interpret safety issues.
The high cost pressure on fleet operators will drive the market growth. Fleet operators are steadily adopting cost optimization strategies to adjust to the rising cost pressure. With the price fluctuation of fuels and inefficiency of fleet operations, fleet managers are focusing on adopting advanced FMS to optimize fuel consumption and enhance fleet efficiency.
The report states that the high cost associated with FMS will impact the market growth. FMS consists of various initial costs such as license, setup, and installation fee, apart from various payments for customization, integration with current systems, and license fee renewal costs. This makes it difficult for the CV manufacturers to reduce their product prices and adjust with low profit margins.
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Key Topics Covered:
1: Executive Summary
2: Scope Of The Report
3: Research Methodology
4: Market Landscape
5: Market Sizing
6: Five Forces Analysis
7: Market Segmentation By Product
8: Customer Landscape
9: Regional Landscape
10: Decision Framework
11: Drivers And Challenges
12: Market Trends
13: Vendor Landscape
14: Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/xfqqv6/global_commercial?w=4