What is GPS Fleet Tracking System?
GPS Fleet tracking system helps in automating the process of managing the different fleets for various applications and industries. It allows the dispatchers to track the vehicles and their locations in various channels by keeping a record of it. This system saves cost, time, and provides efficiency in the service, it also provides instruction, training to the drivers and gives real-time insights for the safety of drivers. The GPS fleet tracking systems manages the different type of fleets such as public utility fleets, commercial fleets, trucking fleets, delivery fleets, and taxi cab fleets.
The market study is broken down, by Application (Taxi Tracking, Logistics Transportation Tracking, Racing Vehicle Tracking and Others) and major geographies with country level break-up.
Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Teletrac Navman US Ltd (United States), Verizon Communications Inc. (United States), Geotab Inc. (Canada), GoFleet Corporation (Canada), Titan GPS (Canada), Advanced Tracking Technologies (United States), Freeway Communications (Canada), RAM Global Solutions (Canada) and FleetEye (Canada) are some of the key players that are part of study coverage.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global GPS Fleet Tracking System market by Type, Application and Region.
On the basis of geography, the market of GPS Fleet Tracking System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Components, the sub-segment i.e. Solution will boost the GPS Fleet Tracking System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Fleets, the sub-segment i.e. Public Utility Fleets will boost the GPS Fleet Tracking System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. On-premise will boost the GPS Fleet Tracking System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Features, the sub-segment i.e. Mapping Dashboard will boost the GPS Fleet Tracking System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
On 1st March 2020, GoFleet, a leader in fleet management and vehicle tracking technology, announced a new partnership with Samsara. Samsara is a leader in industrial IoT who offers numerous solutions for fleet-related industries. This partnership will allow GoFleet to continue to help customers with all of their IoT telematics and technology needs. As increased efficiency, safety and sustainability are goals that every manager is looking to improve, this partnership will help GoFleet continue to offer the best solutions in the marketplace for the benefit of all clients.
Market Trend
- Increasing Consumption of GPS Fleet Tracking System in the Logistics Industry
- Introduction of GPS Fleet Tracking System in Different Channels
Market Drivers
- Demand for Fleet Management to Provide Efficiency and Cost Saving Improved Service to the Customers
- Need for Tracking the Safety of Fleets in Various Industry
Opportunities
- Surging Demand for the Smart Fleet Tracking Solutions will Boost the GPS Fleet Tracking System Market
- Technological Advancements and Upgradation in GPS Fleet Tracking System
Restraints
- Regulatory Compliances with the GPS Fleet Tracking System
Challenges
- Risk of Technical Inaccuracy in the GPS Fleet Tracking System
Key Target Audience
GPS Fleet Tracking System Manufacturers, GPS Fleet Tracking System International Traders, GPS Fleet Tracking System Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.