Fleet Management Market in Americas to Growth at Nearly 17%

According to a recent research report, the fleet management market in the Americas will grow at a compound annual growth rate of 16.71% by volume over the period 2014-2019.

The group notes that the Fleet Management System market in the Americas “can be divided into three segments based on technology: Commercial Telematics Hardware, Software Components, and Connectivity Technologies.”

According to researchers, the Fleet Management System market in the Americas is highly fragmented, with many vendors and provides an assortment of integrated hardware and software technologies used as an interface by fleet vehicle operators to track and control various operations of commercial vehicles such as trucks, vans and cars.

The goals, of course, are to increase overall profitability, improve fuel management, enhance driver safety and monitoring, and ensure that the fleet operators meet the standards set by the regulatory authorities.

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Category: General Update