A new study predicts an explosion of growth in fleet telematics around world as the many benefits of in-vehicle applications become apparent.
Global fleet management is set to grow at 24 percent Compound Annual Growth rate during 2014 to 2019, when it will reach $35.35 billion, according to a new study issued by ReportsnReports.com.
The report, Fleet Management Market by Components, Technologies and Services (Fleet Analytics, Vehicle Tracking & Fleet Monitoring, Telemetric, Vendor Services), by Fleet Vehicle Types (Trucks, Light Goods, Buses, Corporate Fleets, Container Ships, Aircrafts) - Global Forecast to 2019, examines the markets for all the components, technologies and services of fleet management market such as fleet analytics, vehicle tracking and monitoring devices, telematics connectivity, and vendor services.
It includes analysis of types of fleet vehicles such as trucks and trailers, light goods vehicle, buses and trams, and many more. The report is also split into vertical markets such as academia, utilities, retail, logistics, public transport, and others.
The study shows that machine-to-machine (M2M) solutions are playing a pivotal role in transport and logistics. They provide real-time tracking and monitoring services for the vehicles and drivers as well as the assets that are being transported.
In addition, governments are increasingly instituting regulations mandating 'GPS tracking' features in vehicles sold in their nations. Innovations in hi-tech vehicles with pre-installed telematics technologies and devices will spur the development of infrastructure for fleet management services and will attract fleet owners to fleet management solutions, according to the report.
Aeris Communications is taking a leading position in the vehicle telematics market and is using its experience to deliver connectivity enhancements that differentiate our customers in the market.
Aeris provides the highest level of support in the industry through complete transparency into network performance, self-service tools to diagnose and correct issues, and a support organization honed to the unique needs of telematics. Aeris solutions offer more than 99.95% reliability across the coverage footprint. We have demonstrated with other telematics customers that we can reduce operational support costs by more than 10% and cut trouble ticket resolution time in half.
Click here to get the free Aeris white paper, "Using Technology to Lower Costs and Improve Productivity for Fleets."