BI Intelligence
Businesses are investing in technology to better manage their vehicle fleets. These investments in fleet-management are transforming commercial vehicle operation and leveraging analytics to generate major gains in efficiency.
Large companies have been building up their fleet-management portfolios. Verizon, in particular, has been aggressive, spending billions to purchase two fleet-management leaders in the summer of 2016 to take a clear lead in the North American market. The potential profit in the burgeoning fleet-management space is pushing Verizon and others to make big plays to guarantee their share as the market continues to grow.
In this report, BI Intelligence provides an overview of the burgeoning fleet-management sector and examines the technology and its top use cases. The report also looks at the data that can be collected via a connected fleet-management system, as well as the analytics that can be used to decipher it. We also include an overview of the leading vendors and a forecast of the future growth of the fleet-management ecosystem.
Here are some key takeaways from the report:
- Companies and governments that operate large numbers of vehicles are increasingly turning to connected fleet-management solutions. They collect real-time data on the location of vehicles in the fleet and how they are being driven at a given moment.
- Connected fleet-management solutions have allowed organizations to decrease costs and increase efficiency and productivity. Benefits include better vehicle routing, increased monitoring capability, and greater capacity for cost-saving preventative maintenance.
- By 2020, BI Intelligence estimates that the connected fleet-management solutions market will include 180 million commercial vehicles in North America, representing 90% of the total market. That’s a 10-fold increase from 2010.
- There are dozens of companies worldwide servicing more than 10,000 client vehicles each. However, thanks to a trend toward consolidation through mergers and acquisitions in the industry, Verizon is poised to control the largest share of the US connected fleet-management market.
In full, the report:
- Analyzes the potential ROI and other benefits of the various use cases.
- Identifies best practices fleet operators should take when implementing a fleet-management solution.
- Examines multiple use cases of fleet-management solutions.
- Discusses the potential impact these solutions can have.
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