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DALLAS, November 4, 2014--(PR Newswire)--

Fleet Management Market to see 24% CAGR to 2019: Asset Tracking Trends to 2024 Reviewed in New Research Reports

PR Newswire

DALLAS, November 4, 2014 /PRNewswire/ -- adds 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 and Fleet Management and Asset Tracking: Worldwide Trends, Forecasts and Strategies 2014-2024 research reports to its store.

Global fleet management market is set to grow at 24% CAGR during 2014 to 2019, by when it will reach $35.35 billion in value as per a November 2014 research report on the worldwide fleet management industry. China is expected to exhibit sales of more than 17 million commercial vehicles per year in the near future. India is expected to become the fourth largest automotive market by 2020. The growing regional economies such as APAC, MEA and Latin America are expected to open new business opportunities for the fleet management industry. Forty years ago, 76% of the global flights per year used to include NA, Europe or Japan as either their source or destination. But now, the scenario has changed dramatically as currently 57% of the global annual flights are to or from other parts of the world. The emerging economies are growing at a rate of 5% per annum, while the developed economies are exhibiting a lower growth rate of 2% annually. APAC is experiencing huge progress in various industrial sectors.

The leading automobile manufacturers are focusing on incorporating the new vehicles with telematics functionalities. Many of the vehicles are equipped with tyre monitoring sensors. The auto manufacturers are planning to go beyond the usage of vehicle telematics just for infotainment. Telematics-based application such as remote vehicle detection is expected to become an inbuilt feature of the future cars and commercial vehicles.

Moreover, there are governmental initiatives from various nations for mandating 'GPS tracking' feature in the indigenous or foreign vehicles sold in their nations. The future Hi-tech vehicles with pre-installed telematics technologies and devices are expected to lay the infrastructure for fleet management services. It will raise the attraction of fleet owners towards fleet management solutions.

The 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 research report provides a detailed analysis of 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. The report also includes detailed analysis of types of fleet vehicles such as trucks and trailers, light goods vehicle, buses and trams, and many more. The report is also segmented into types of verticals such as academia, utilities, retail, logistics, public transport, and many more. The report is further split into geographies across the globe such as North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Companies profiled in this fleet management market report for 2014-2019 include Accenture, IBM Corp, CISCO Systems Inc, Motorola Solutions Inc, Trimble Navigation Ltd, Masternaut UK Ltd, Fleetmatics Ltd, Trafficmaster Ltd, ID Systems Ltd and AT&T Inc. Order a copy of this report at .

The Fleet Management and Asset Tracking: Worldwide Trends, Forecasts and Strategies 2014-2024 research report says fleet management and asset tracking solutions generate high average revenue per connection (ARPC) and a wealth of opportunities for growth, but success depends on robust partnerships and flexible business models to target small and medium-sized businesses. M2MMachine-to-machine (M2M) solutions play 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. The number of fleet management connections will grow significantly during the next 10 years. Asset tracking also presents a wealth of opportunities for operators.

This fleet management market and asset tracking viewpoint report provides an analysis of the fleet management and asset tracking market, key implications and recommendations for mobile network operators (MNOs), a 10-year forecast of fleet management connections and a view of the asset tracking market as well as information on key trends in the sector that affect growth, including supply chain analysis and business models.

Companies featured in the case studies provided in this fleet management and asset tracking market report include Digicel, Etisalat, KPN, Mobile TeleSystems (MTS), Telefónica and Vodafone. Order a copy of this report at .

Another research titled Global Fleet Management System Market 2014-2018 forecasts the industry to grow at 25.94% CAGR during 2013-2018. A fleet management system helps fleet vehicle operators to better manage their vehicles. Fleet vehicle operators are increasingly adopting these systems to solve various issues related to increasing operational costs, driver safety, government regulations, mixed fleet management, hazardous driving conditions, vehicle breakdown, and congested roads. These systems track each fleet vehicle in real-time and provide information on the optimized route and the amount of fuel used in the vehicle. These are important issues as they can increase operational costs such as fleet maintenance and fuel. One of the most important functions of a fleet management system is fleet tracking. Its other functions include monitoring vehicle usage, on-time delivery, and driver accountability. The Global Fleet Management System market is divided into three segments: Hardware, Software, and Connectivity. The report also presents the vendor landscape and a corresponding detailed analysis of the top four vendors in the Global Fleet Management System market. In addition, it discusses the major drivers that influence the growth of the Global Fleet Management System market. It also outlines the challenges faced by the vendors and the market at large, as well as the key trends that are emerging in the market. Companies like Fleetmatics Group plc, Qualcomm Inc., TomTom International BV, Trimble Navigation Ltd., Masternaut Ltd., Telogis Inc. and Trafficmaster Ltd. are discussed in this research available at .

Explore more fleet market reports as well as research on IT & Telecommunications industry ( ) and automotive market at .

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