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Growth in the Global Fleet Management Systems Market Will Optimizing Operational Productivity through 2019: TechNavioThe growing need among fleet operators to increase productivity has resulted in the growth of the Global Fleet Management Systems Market, which will post a CAGR of 26.23 percent from 2014-2019, says research firm TechNavio. About the Report According to the latest report by TechNavio, a rise in vehicle and fuel prices has increased fleet operating costs and affected profit margins in the logistics and cab business, which has boosted demand for high operational efficiencies in the industry. "An industry benchmark productivity increase of about 20 percent per vehicle has been achieved by employing high-end fleet management systems," says Faisal Ghaus, Vice President of TechNavio. The new TechNavio report also emphasizes the growing popularity of green fleet management solutions worldwide. Stringent regulations in western countries are aimed at lessening the impact of the business on the environment, which is affecting the overall market growth. "Organizations have become conscious of their public image as an environmentally friendly company, which is certainly going to impat the market in the coming years," says Ghaus. Furthermore, fleet management systems are gaining popularity in the transportation of perishable goods, as these systems help monitor field resource activities. Key Information Covered in the Report:
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