How the Internet of Transportation Things is expanding the addressable market for fleet management

The Internet of Transportation Things expands the addressable market for fleet management. The commercial fleet management (FM) market is impacted by a number of trends, including several developments that can alter the market conditions for solution providers and associated players in the coming years. Multiple parallel market and technology shifts that are currently transforming the fleet management industry may in the longer term create a playing field characterised by a new type of market dynamics.

The author is Rickard Andersson, a senior analyst at Berg Insight

According to Berg Insight’s research in the space, the fleet management market is in the coming years expected to continue along a consistent growth trajectory which has prevailed in the past decade, largely driven by international telematics giants offering increasingly sophisticated solutions to customers of all shapes and sizes. The market is at the same time gradually extending as new and improved functionality is implemented on a wide scale across an ever-increasing range of asset types.

Infrastructure and applications for fleet management solutions Fleet management is an ambiguous term used in reference to a wide range of solutions for different vehicle related applications. Berg Insight’s definition of a fleet management solution is a vehicle-based system that incorporates data logging, satellite positioning and data communications to a back office application. At a high level, the infrastructure for fleet management can be divided into four segments including the vehicle segment, GNSS segment, back office segment and network segment. On the application level, fleet management solutions include numerous feature sets for various types of commercial vehicles. Typical high-level categories include vehicle management, driver management, operations management and regulatory compliance and reporting. Each category includes different subsets of fleet management functionality, some of which are generally applicable for all types of fleet segments while others are specific for certain operations.

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