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Fleet Management Market to Reach $30.45 Billion by 2018 at a 22.8% CAGR - New Report by MarketsandMarkets
Date:8/15/2013

(PRWEB) August 15, 2013

The "Fleet Management Market (Fleet Analytics; Vehicle Tracking & Fleet Monitoring; Telematics; Vendor Services) by Vehicles (Trucks; Light Goods; Buses; Corporate Fleets; Container Ships; Aircrafts) Worldwide Market Forecasts and Analysis (2013 – 2018)", which analyzed and studied the major market drivers, restraints, and opportunities in North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa. The study observes that the fleet management market is expected to grow from $10.91 billion in 2013 to $30.45 billion by 2018, at a Compound Annual Growth Rate (CAGR) of 22.8% from 2013 to 2018.

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  • 102 Market Data Tables
  • 42 Figures
  • 211 Pages and In-Depth Table of Content on “Fleet Management Market”

http://www.marketsandmarkets.com/Market-Reports/fleet-management-systems-market-1020.html

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Fleet management is about smartening the fleet vehicles operations. Intelligent fleet management solutions based on technologies such as Global Positioning system (GPS)-based telematics are helping fleet operators to enhance operational efficiencies in terms of improving vehicle performance and mileage, enhancing operational reliability and safety, maintenance planning, driver control, and optimizing navigation and routes. The growing competitiveness among the transportation service providers, CO2 emission control norms, and rising fuel prices are making the Fleet Management System (FMS) an essential component for the business operation of the fleet vehicle operators.

The number of vehicles is increasing globally with a major boom in the emerging economies; this has a positiv
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