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Global Commercial Vehicle Fleet Management System Market 2018-2022 | High Cost Pressure on Fleet Operators Drives Growth | Technavio

The global commercial vehicle fleet management system CVFMS market is
expected to register a CAGR of over 14% during the period
2018-2022, according to the latest market research report by Technavio.
However, the growth momentum of the market is expected to decelerate due
to a decline in the year-over-year growth.

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Technavio has published a new market research report on the global commercial vehicle fleet management system market from 2018-2022. (Graphic:

A key factor driving the market’s growth is the high cost pressure on
fleet operators. Rising cost pressure due to price fluctuation of fuels
and inefficiency of fleet operation has become a crucial challenge for
fleet operators. Thus, they are adopting cost optimization strategies.
For instance, fleet managers are increasingly adopting advanced FMS to
optimize fuel consumption and enhance fuel efficiency.

This market research report on the global
commercial vehicle fleet management system market 2018-2022 also
provides an analysis of the most important trends expected to impact
the market outlook during the forecast period. Technavio predicts an
emerging trend as a major factor that has the potential to significantly
impact the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time
only: View
market snapshot before purchasing

In this report, Technavio highlights the growing popularity of 360
degree fleet management systems as one of the key emerging trends in the
global commercial vehicle fleet management system market:

Global commercial vehicle fleet management
system market: Growing popularity of 360 degree fleet management systems

In the recent years, FMS has evolved from mere vehicle tracking system
to holistic driving performance solution. The introduction of camera
technology as a support system for the FMS to monitor various activities
has increased the scope of FMS in enhancing fleet efficiency. The camera
technology allows fleet managers to efficiently interpret safety-related
issue.

“A major vendor released a fleet management system in 2017 that
expands on on-demand video capability by triggering up four cameras
based upon safety risks such as collisions. The feed from these cameras
are analyzed by an expert driving analyst within an hour and confirmed
collisions and alerts are sent to customers so that they can react
quickly to the incident,” says a senior analyst at Technavio for
research on automotive electronics.

Global commercial vehicle fleet management
system market: Segmentation analysis

This market research report segments the global commercial vehicle fleet
management system market into the following products (third-party FMS
and OEM FMS) and key regions (the Americas, APAC, and EMEA).

The third-party FMS segment held the largest market share in 2017,
accounting for more than 92% of the market. This product segment is
expected to project an increase in market share of about 4% during the
forecast period.

The Americas held the highest share of the global commercial vehicle
fleet management system market in 2017, accounting for a market share of
approximately 49%. The market share occupied by this region is
anticipated to decrease by almost 6% during 2018-2022.

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Some of the key topics covered in the report include:

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

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