According to a report from MarketsandMarkets, the global fleet management size is forecasted to grow from USD 20.6 billion in 2021 to USD 33.9 billion by 2026. The fleet management industry has evolved further in the post-pandemic world as organizations are embracing new digital shifts to improve efficiency and control costs. Let’s take a look at the top fleet management trends that will take center stage in 2022.
Also read: The ultimate guide to fleet management
Fleet management trends that will take center stage in 2022
1) Increasing adoption of electronic vehicles
The electric vehicle (EV) sales skyrocketed in 2021 with an increase in tighter emissions regulations. EV adoption is expected to grow further in 2022 as more and more companies roll out high-end versions that will enhance communication via better data sharing and advanced fleet software. Meanwhile, there has been a significant leap in autonomous vehicle (AV) technology’s growing capabilities. AV offers a significant opportunity to improve productivity by increasing driving hours.
2) Improved overall safety
Thanks to advancements in fleet management software, there will be more focus and innovation around safety. Key features like geofencing, driver behavior, alarm systems, among others, will be improved further to reduce risks and accidents. Intelligent monitoring systems are expected to provide richer vehicle and driver activity notifications. Moreover, deeper insights and reports will help identify errors and loopholes in your operations related to safety and rectify them.
3) Focus on telematics tracking
Fleet managers will leverage telematics and GPS fleet tracking to determine real-time diagnostics levels. They can track their fleet drivers’ location via a customizable dashboard, know their vehicles’ status, and ensure drivers are following safety practices. In 2021, fleet management software will improve with new features like integration of voice capabilities, robust data analytics, and enhanced Artificial Intelligence (AI). In-cab video has also emerged as one of the most popular new technologies in fleet management.
4) Remote fleet management
Remote fleet management will take center stage owing to the ongoing COVID-19 pandemic. Fleet managers are focusing on new ways to monitor the productivity of their fleet drivers and manage tasks in a remote environment. A good fleet management software will enable managers to improve communication with their executives and better track fleet data in real-time, and stay connected to their team.
5) Deeper data security
Fleet vehicles hold a significant amount of sensitive data that needs to be protected. In 2021, fleet managers will focus on increasing their cybersecurity measures. Several fleet managers are shifting their focus to strategic management from tactical management and are upskilling in IT to adopt newer roles. They will focus more on the collection and evaluation of data with the increase in data visibility.
6) Mobility-as-a-Service (MaaS) to become prominent
Mobility-as-a-Service (MaaS) will become more popular as fleet managers can customize their services and shift their traditional approach. The global MaaS market size is said to reach USD 280.77 billion in 2027, up from USD 52.56 billion in 2019.
Fleet owners will experiment with company-owned vehicles and even lease them. MaaS will help fleet managers rethink their processes in fleet management. By embracing vehicle sharing, companies can make better use of idle vehicles, control budgets, and reduce carbon footprint. Key fleet metrics will also evolve, shifting from vehicle numbers and data to factors like timing, journey success rates, attendance rates, and annual cost.
7) Evolution of 5G network
5G fleet management will be one of the top trends this year. Fleets will be able to leverage the main features of 5G to reduce latency and increase productivity. Companies using a fleet management app will benefit from 5G with better communication due to increased coverage and increasing productivity. It is the perfect time to get a fleet management software to maximize efficiency and stay ahead of the competition with global availability of 5G.
8) Improved driver safety measures
The fleet industry will continue to see innovation and advancements in 2022 with deeper tech integrations and improved fleet management software features. It is essential to adopt fleet management software to boost operational efficiency and enhance the tracking and management of fleets.
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