Vehicle tracking system market to reach $109.95 billion by 2030; Active type to surpass at 20.2% CAGR; Commercial vehicles type to garner at 20.6% CAGR.
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The Global Vehicle Tracking Systems Market Size is expected to reach $13.4 billion by 2024, rising at a market growth of 18.9% CAGR during the forecast period. The global market for vehicle tracking systems is driven primarily by the expansion of goods and passenger transportation services. Vehicle fleet operators are willing to track their vehicles to obtain accurate vehicle data, location, performance, and driver behavior. Accelerated road freight transportation services are fueling global demand for vehicle tracking systems. The expansion of the global passenger transportation industry, attributed to the growing presence of ride-hailing companies, vehicle rental companies, and the increasing adoption of app-based transportation services are fueling global demand for vehicle tracking systems. Full Report: https://www.kbvresearch.com/vehicle-tracking-systems-market/
MarketsandMarkets estimates the global fleet management market to grow from USD 9.54 billion in 2016 to USD 27.90 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 23.9%. The fleet management market is growing rapidly due to the implementation of Electronic Logging Devices (ELD) compliance for vehicles. “Integration and deployment services to have the largest market size in 2016”
Avail more information from Sample Brochure of report @ https://goo.gl/bLT4fb A detailed qualitative analysis of the factors responsible for driving and restraining growth of the Fleet Management Market by Deployment Type, Solution (Operation, Asset, Driver Management, Vehicle Maintenance & Leasing, and Driver Information System,) Connectivity Technology, Industry, Service, and Region - Global Forecast to 2021 Industry Market and future opportunities are provided in the report.
Fleet management software enables fleet managers in managing all the fleet and asset data, from their acquisition through disposal. By using the best Fleet Management Software, companies can minimize their costs and enhance productivity and mitigate risks.
Fleet management software assists in organizing, managing, and coordinating fleet operations from a centralized information system. It uses connectivity technologies to enable the flow of data between fleets and the back-end systems, accessible by fleet owners and managers.