Skip to main content

Fleet Management Apps for The Internet of Things

One of the most interesting applications for embedded M2M technologies is with commercial vehicle fleets. Fleet Management is about improving commercial fleet vehicle operations. New mobile technology applications are an example of practical uses for concepts that are known as the Internet of Things.

Intelligent fleet management solutions based on proven wireless technologies -- such as GPS-based telematics -- are helping fleet operators to enhance their efficiency in terms of improving vehicle performance and fuel mileage, enhancing reliability or safety, scheduled maintenance planning and optimizing delivery routes.

The growing competitiveness among the transportation service providers, CO2 emission control norms, and rising fuel prices are making Fleet Management Systems an essential component for the business operation of the fleet vehicle operators. The overall Fleet Management market is expected to grow from $10.91 billion in 2013 to $30.45 billion by 2018 -- that's at a Compound Annual Growth Rate (CAGR) of 22.8% from 2013 to 2018.

According to the latest market study by Berg Insight, the number of active fleet management systems deployed in commercial vehicle fleets in North America was 4 million in the fourth quarter (Q4) of 2013.

Growing at a compound annual growth rate (CAGR) of 15.3 percent, this installed base of systems is expected to reach 8.1 million by 2018.

In Latin America, the number of active fleet management systems is expected to increase from 1.9 million in Q4-2013, growing at a CAGR of 16.1 percent to reach 3.9 million in 2018.

Berg Insight believes that the top ten providers of fleet management systems in the Americas now have a combined installed base of more than 2.5 million active units within the region.

Leading solution providers now have more than 300,000 active units in this market. The consolidation trend in the fleet management industry has continued and the market has seen a number of major transactions in recent years.

Qualcomm has divested its Omnitracs business which pioneered the fleet management industry in the 1980s. Omnitracs has since then acquired other solution providers – most notably the competing heavy truck fleet management provider XRS with more than 100,000 subscribers.

The global fuel card and workforce payment provider, FleetCor, has acquired NexTraq that's based in the U.S. market, while the tire manufacturer Michelin has acquired the leading Brazilian fleet management provider Sascar.

"These two deals are particularly interesting due to the fact that the well-known acquirers are newcomers to the fleet management space," said Rickard Andersson, senior analyst at Berg Insight.

Both FleetCor and Michelin decided to enter this market after having identified relevant synergies between its traditional product portfolios and fleet management solutions. The fleet management industry still remains overcrowded as there are hundreds of solution providers in the Americas alone.

Numerous additional mergers and acquisitions are thus expected in this industry in the upcoming years. Berg Insight anticipates a future scenario where the global fleet management market is dominated by a handful of providers with installed bases measured in the millions.

Popular posts from this blog

How Savvy Pioneers Lead the Future of Work

Hybrid and fully remote work are inevitable in the Global Networked Economy where high-performance talent demands flexibility from employers. To enable these progressive work models, organizations are investing in a wide range of technologies to support more agile types of employment.  According to the latest worldwide market study by International Data Corporation (IDC), leading organizations will spend nearly $1 billion on the Future of Work (FoW) in 2023 -- that's an increase of 18.8 percent over 2022. Future of Work Market Development "Work models continue to evolve, but 37 percent of decision-makers in a recent global survey note that Remote and Hybrid work models will be an embedded part of accepted work practices, supported by a continued shift to the cloud, increasingly instrumented and interconnected physical workplaces, and intelligent digital workspaces," said Holly Muscolino, group vice president at IDC . According to the IDC assessment, organizations must mak

Human Resource Transformation Enabled by IT

Many senior executives are taking a proactive approach to digital business transformation in order to achieve their strategic goals. Delivering revenue growth and profitability is now imperative for every function, including Human Resources (HR). The top 3 priority HR technologies this year are skills management, learning experience platforms, and internal talent marketplaces, according to the latest worldwide market study by Gartner. "With a tumultuous global economy, HR technology leaders face a balancing act in 2023," said Sam Grinter, director at Gartner . "Leaders must anticipate greater levels of accountability and demand for measurable outcomes to justify new technology investments." HR Transformation Market Development Forty-four percent of HR leaders report driving better business outcomes is their number one strategic priority for HR technology transformation over the next three years. Growth in headcount and skills (26 percent) and cost optimization (17 p

Virtual Reality Market Set to Reach $100 Billion

Virtual Reality (VR) market growth is now finally coming to fruition. Thanks to current actions and market momentum, VR is approaching what can be considered critical mass. And, not a moment too soon. This growth momentum comes from new hardware and content releases, accelerating enterprise value recognition, and a significant metaverse wild card that could potentially lift adoption and usage. According to the latest worldwide market study by ABI Research, over 85 million VR Head Mounted Displays (HMDs) will be shipped in 2027 across consumer and enterprise segments, creating a $100 billion VR market that includes hardware, software, and services. Virtual Reality Market Development "Expectations have been high in VR for years, and even decades, without notable growth to show. That growth is finally coming over the next five years," said Eric Abbruzzese, research director at ABI Research . The barrier to entry is lower than ever, all while content performance and user experien