The latest report from Global Market Insights revealed that the fleet management market size is set to surpass USD 55 billion by 2026. Advanced location intelligence software and a rise in autonomous vehicles have increased the demand for fleet management technologies.
What is fleet management?
Fleet management is an administrative process that enables organizations to organize and coordinate business vehicles. Fleet owners and managers leverage fleet management software to improve operational efficiency, reduce risks and costs, and ensure compliance with government rules and regulations.
What is a fleet management software?
Advantages of fleet management
1) Better fleet efficiency
It is essential to maximize the productive hours for vehicles on the road to boost fleet efficiency. Fleet management technology offers vital insights related to the vehicle, including its condition, engine health, and other necessary systems. It also monitors vehicles at all times to ensure security and keep a tab on all activities. Fleet owners and managers can measure and assess productivity and implement procedures to optimize fleet and driver performance.
2) Lower fuel and maintenance costs
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3) Streamline fleet compliance
4) Improve fleet and driver safety
5) Real-time tracking and visibility
It is essential to know the exact location of the fleet at all times. Advanced fleet management software offers real-time visibility and updates on vehicles, job completion status, estimated arrival time, and delivery time. This helps to get deeper visibility on fleet performance. Moreover, fleet managers can even get live alerts and notifications on vehicle movement as they pass a certain critical point of interest, boundaries, unauthorized hubs, etc.
6) Improve customer experience
Top industries that use fleet management
Almost all businesses need a fleet of vehicles. Here are some of the top industries that leverage fleet management solutions for better operational efficiency.
- Transport and logistics management
- Courier and delivery services
- Food delivery