FLEET MANAGEMENT MARKET to Reflect Steady Growth Rate 2023 By Trends Market Research
ELD synchronizes with a vehicle’s motor to consequently record the driving time for simpler and more exact HOS recording. ELD will supplant paper logs and the prior kind of recorder called the Automatic On-Board Recording Device (AOBRD). This command has opened new income streams for telematics suppliers. According to data from existing sellers, roughly 3 million vehicles are relied upon to be influenced. This has moved the need to present new items and administrations that can be scaled to meet existing and future directions. Merchants are presently offering ELD prepared arrangements and administrations to take into account the changing business sector require.
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Also, numerous sellers are accentuating on the offer of AOBRD gadgets, as these gadgets have gotten a two-year exclusion from upgradations or substitutions. Global Fleet Management Market report includes different applications such as Commercial Fleets (LCV and M& HCV) and Passenger cars. This report aims to estimate the Global Fleet Management Market for 2018 and to project the expected demand of the same by 2023. This market research study provides a detailed qualitative and quantitative analysis of the Global Fleet Management Market. It provides a comprehensive review of major drivers and restraints of the market. Major companies such as Donlen, Geotab , Leaseplan USA , Masternaut , Verizon Telematics , etc. are profiled in this report. Global Fleet Management Market is also segmented into major application and geographies.
Various secondary sources, such as encyclopedia, directories, and databases to identify and collect information useful for this extensive commercial study of Global Fleet Management Market have been used. The primary sources, experts from related industries and suppliers, have been interviewed to obtain and verify critical information as well as to assess the future prospects of Global Fleet Management Market.
Global Fleet Management Market has grown significantly during the last few years, and it is expected to grow at a rapid pace in the next five years, mainly driven by a growing consumption in the North America region. Global Fleet Management Market is valued at $ xx million in 2018, growing at a CAGR of X% and is expected to reach $ xx million by 2023