Technavio, a tech-focused research firm, has published a new report on the fleet management market in Europe, which is expected to grow at a CAGR of more than 26% from 2015-2019.
The new market analysis report by Technavio highlights the need for efficient data management in the fleet industry, as fleet operators receive large amounts of data related to their daily operations through various channels such as documents from employees and technicians, fuel bills, routes traversed by vehicles, and work order performance reports.
“Fleet operators are gradually implementing the method of fleet management systems, which enables efficient management of data and reduce the possibility of manual errors by automating the fleet management process,” says Faisal Ghaus, Vice President of Technavio.
The report further discusses the emergence of green fleet-management solutions, as many countries in Europe have implemented stringent regulations to ensure that the environmental impact of the automotive industry can be minimized.
“Selection of vehicles that have low fuel and maintenance costs is one good practice that can be adopted by the vendors of the fleet operations systems in order to reduce the carbon footprint of their fleets,” adds Ghaus.
Technavio currently has more than 3000 market research reports on a huge range of topics, including:
- Global Fleet Management Systems Market 2015-2019
- Fleet Management System market in the Americas 2015-2019
Technavio is a leading global technology research and advisory company.
Founded in 2003, Technavio has about 200 analysts globally and develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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