As per the market research analysis reports, the Fleet management market is set to hit the mark 22% CAGR (Compound Annual Growth Rate) by 2023 globally and the highest CAGR is estimated in Asian Market.
The reason is due to the rise in urbanization that has driven the fleet business across the APAC region, particularly in the Indian market, the land where there is a continuous demand for logistics and transport service. When it comes to demand there are challenges like fuel market fluctuations, operational efficiency, connectivity issues, and pollution targets.
The need for Fleet Management Software in India
It may not be challenging to maintain one or two vehicles for those who have taken a fleet as their business but it becomes hectic for fleet managers when it gets outnumbered. Like developing nations like India, improving the facilities of transportation and vehicle management is essential to improve the effectiveness of the day-to-day operation. It may not be easy to track offline every vehicle with jammed roads and traffic hassle. Also with newly introduced government laws there are different permits and licensing for fleets to maintain the safety procedures.
Fleet owners will always be cautious like “where the vehicle is located?”, “whether their load has reached the destination”? and sometimes it becomes difficult to sort the problem quickly when the issue has arisen.
For those who own business with trucks, cars, buses, ships, freight aircraft, corporate fleets, adopting a fleet management system gives a huge relief as you can track all your fleets lively.
To monitor the vehicle movement continuously, notice driver conduct, fuel usage, risk management, and optimize route plan based on the fleet size. Fleet management gives better access to provide the best solutions.
Various industries like Oil & Gas sector, Waste Management, Chemical industry, Mining, and Logistics are using FMS for consistent performance to achieve higher performance. With fleet management, it becomes easy to maintain entire fleet operations e.g. like truck tracking with perfect fleet management software to ensure standards with accuracy.
Factors that affect Vehicle Journey process
Many fleet managers record their trip plans manually through a Pile of paper which opens doors to errors. It becomes stressful to keep track of every vehicle’s status and documents. There are also other factors that affect the trip process.
1. Crowded Traffic
India is battling with a huge traffic scenario and it becomes the topmost challenge to plan a delivery trip. When it comes to fleet business, the time of delivery is the main factor for any successful business. The possibility to carry out a trip plan with large and bulky fleets with these busy roads on time to the destination is less.
2. Road Accidents
The reports denote a large number of accidents and deaths are happening on Indian roads are due to careless driving and overspeeding. To track every long journey for every fleet it is impossible to track offline.
3. Fuel Maintenance
The alarming factor that concerns most fleet managers is the due increase in Fuel consumption and fuel theft with rising fuel costs. For every journey monitoring, fuel consumption for every fleet becomes a tedious task for fleet owners.
FMS comes as a savior for all fleet operations
In India, FMS is gaining momentum with the rise in the demand for fleet monitoring with real-time live tracking to reduce transportation costs. With emerging technology, from small scale industries to large scale are relying on software as a service (SaaS) to observe their fleet operations.
Operations that are carried out by FMS software are listed below,
Entire Fleet Operations:
Reports regarding trip expenses, fuel management, loading and unloading goods, renewal notifications, maintenance expenses, and Vehicle analysis can be carried out smoothly with FMS to generate up-to-date telematics data and analytics.
The FMS software is enabled with a GPS tracking system which is also known as Vehicle tracking software to organize route planning during heavy traffic days to make customers engaged and satisfied with on-time delivery.
To ensure the safety standards when it comes to driving, to prevent and reduce fatal accidents, FMS helps to track online related to driver activities such as rash driving and speed violations.
Detailing reports on paperwork will lead to errors. Maintaining records and data helps fleet managers to make the right decision quickly and act fastly when it comes to vehicle wear and tear, the behavior of the driver, and pricing analysis for good ROI.
Based on the growing demand in Indian Market, FMS is developed particularly to cater to the emerging stipulation for fleet-driven business most efficiently and cost-effectively.