Fleet Management Market Is Experiencing High Growth Due To Increasing Focus On Operational Efficiency
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Fleet Management Market Fleet management involves vehicle tracking and optimization to reduce operating costs and improve driver behavior. It provides real-time insights on vehicle location, fuel usage, speed, mileage and other parameters. Colecting and analyzing such operational data helps companies better allocate resources, enhance compliance and reduce downtime of vehicles. The global fleet management market offers a host of solutions including vehicle tracking, driver management, fuel management and remote diagnostics. These solutions leverage technologies such as global positioning system (GPS), geographic information system (GIS), and cloud computing. The Global Fleet Management Market is estimated to be valued at US$ 11.89 Bn in 2024 and is expected to exhibit a CAGR of 19.% over the forecast period 2024 To 2031. Fleet management provides a comprehensive set of tools that help transport and logistics companies maximize productivity and minimize operational expenditures. ...