The fleet management market in Europe, driven by “green-fleet management,” is expected to grow at a CAGR of more than 26 percent from 2015-2019, according to a report from Technavio.
The market analysis report highlights the need for efficient data management in the fleet industry, as fleet operators receive large amounts of data related to their daily operations through various channels such as documents from employees and technicians, fuel bills, routes traversed by vehicles, and work order performance reports.
“Fleet operators are gradually implementing the method of fleet management systems, which enables efficient management of data and reduce the possibility of manual errors by automating the fleet management process,” says Faisal Ghaus, vice president of Technavio.
The report further discusses the emergence of green fleet-management solutions, as many countries in Europe have implemented stringent regulations to ensure that the environmental impact of the automotive industry can be minimized.
In April, Omnitracs and Cummins launched mobile fleet management technology for the commercial trucking industry that enables customers to access near-real-time engine diagnostic information.
