About Fuel Monitoring Software
Fuel monitoring software used for petrol stations intended for the provision of control over technological processes and forecourt equipment (fuel dispensers, ATG systems, price boards, car washes, others), automated measurement and commercial account at petroleum products, provision of sales of retails products using various payment forms, automated reporting over petrol station operation history during a selected period of time and other purposes. The factors such as High Benefits of Fuel Monitoring Software such as Increased Work Efficiency, Cost Management and Perfect Solution for Prevention of Fuel Theft are the drivers for the global Fuel Monitoring Software market. In addition, Increased Adoption of Cloud-Based Solutions also fueling the growth of the market.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Fuel Monitoring Software market throughout the forecasted period. 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.
OPW Fuel Management Systems Inc (United States), The Triscan Group (United Kingdom), Franklin Fueling Systems (United States), Wayne Fueling Systems LLC (United States), Guduza System Technologies (South Africa), Banlaw (Australia), Dover Fueling Solutions (United States), Satcop (India), Traxroot(United States) and Sigma Software (Canada) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Transpoco (Ireland) and Fleetroot (India).
Segmentation Overview
AMA Research has segmented the market of Global Fuel Monitoring Software market by and Region.
On the basis of geography, the market of Fuel Monitoring Software 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 Platform, the sub-segment i.e. Mobile Based will boost the Fuel Monitoring Software 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. Cloud-Based will boost the Fuel Monitoring Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Solution will boost the Fuel Monitoring Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Pricing Model, the sub-segment i.e. Free Trial will boost the Fuel Monitoring Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increased Adoption of Cloud-Based Solutions
Market Growth Drivers:
High Benefits of Fuel Monitoring Software such as Increased Work Efficiency, Cost Management and Perfect Solution for Prevention of Fuel Theft
Challenges:
Lack of Skilled IT Professionals
Restraints:
Technological Complexities Associated with Fuel Monitoring Software
Opportunities:
Increased Applications of Fuel Monitoring Software and Growing Demand from End-users
Market Leaders and their expansionary development strategies
In September 2023, - Titan Cloud, a leading Fuel Asset Optimization software platform, announced its acquisition of global fuel analytics software and field technologies provider Leighton O'Brien, in a move that positions Titan Cloud as a global leader in the downstream fuel software market.
In September 2020, Dover Fueling Solutions, a part of Dover and a leading global provider of advanced customer-focused technologies, services and solutions in the fuel and convenience retail industries, announced the launch of a brand-new addition to its family of fuel management products, the DFS DMP Probe. DMP probe provides continuous, highly accurate readings of liquids from inside fuel tanks.
Key Target Audience
Fuel Monitoring Software Developers, Emerging Companies, Research Professionals and End-users
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 a 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 the purpose to understand the companies positioning regarding the 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 a 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, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.