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Fleet industry is on the boom around the world. The fleet
management market is anticipated to increase from USD 25.5 billion in 2022 to
USD 52.4 billion by 2027, according to a recent Markets and Markets research.
In the post-pandemic environment, the fleet management sector has advanced
faster as businesses adopt new digital trends to boost productivity and cut
expenses. New options are presented by service providers like white label GPS
tracking software to cater to the varying needs of businesses.
Let us look at some of the top trends fleet management
software trends of 2023.
1) Growing Adoption
of Autonomous and Electronic Vehicles
As more businesses release high-end versions that improve communication
through greater data sharing and sophisticated fleet software, EV usage is
anticipated to increase even further in 2023. The global market for
zero-emission trucks is expected to increase quickly over the following ten
years, according to an IDTechEx analysis titled "Electric and Fuel Cell
Trucks 2023-2043." By 2043, the market for medium- and heavy-duty
zero-emission trucks will be valued more than $200 billion a year.
As the sector lessens its reliance on diesel-powered cars
and transitions to electronic and autonomous fleets, technology like fleet
management software will be crucial in assisting organizations in achieving
their sustainability goals.
2) Greater General
Safety
Advancements in GPS tracking software will lead to an
increased focus on safety resulting in more innovation related to it. To lower
risks and accidents, key elements including geofencing, driver behavior, alarm
systems, and others will be strengthened. Accurate vehicle and driver activity
notifications are anticipated to be sent by intelligent monitoring systems.
Additionally, deeper insights and reports will help you find flaws in your
safety-related operations and fix them.
3) Pay attention to
telematics tracking
Fleet managers will use telematics and GPS fleet tracking to
for achieving real-time diagnostics. In addition to knowing the status of their
vehicles and tracking the whereabouts of their fleet drivers, they can also
make sure that they are adhering to safety procedures. With new features like
voice integration, improved Artificial Intelligence (AI), and sophisticated
data analytics, tracking solutions will improve in 2023. In modern GPS tracking
software, In-cab video is amongst the most popular emerging technologies.
4) Remote Fleet
Administration
The COVID-19 epidemic has put remote fleet management at the
center of transportation operations. Fleet managers are concentrating on new
approaches to handle activities in a remote setting and track the efficiency of
their fleet drivers. With the use of efficient fleet management software,
managers can better interact with their team, track statistics in real-time,
and communicate with their executives.
5) Additional Data
Security
Fleet vehicles contain a substantial amount of confidential
information that must be safeguarded. Fleet managers will concentrate on
enhancing their cybersecurity measures in 2023. Many fleet managers are
upskilling in IT to take on fresh tasks and moving their attention from
tactical to strategic management. As data visibility rises, they will
concentrate more on gathering and analyzing data.
6)
Mobility-as-a-Service (MaaS) to Emerge Mobility-as-a-Service
MaaS will grow in prominence as fleet managers can tailor
their services and modify their conventional methodology. According to
estimates, the size of the worldwide MaaS market would rise from USD 52.56
billion in 2019 to USD 280.77 billion in 2027.
Fleet managers may try leasing or even using company-owned
vehicles. MaaS will assist fleet managers in reevaluating existing fleet
management procedures. Businesses may better utilize idle vehicles, manage
costs, and lower their carbon footprint by embracing vehicle sharing. The most
important fleet metrics will change as well, moving away from vehicle counts
and statistics and towards things like timing, trip success rates, attendance
rates, and annual cost.
7) The development of
5G networks
The top trend this year will be 5G fleet management. Fleets
will be able to take advantage of 5G's key characteristics to improve
productivity and decrease latency. The reach of tracking solutions will change
as a result of the development of this technology resulting in more
productivity. Employees can receive instructions from managers in real-time,
which improves the overall operational productivity. With 5G widely available
everywhere, now is the ideal time to invest in best white label GPS tracking
software to maximize productivity and stay ahead of the competition.
Businesses that use a fleet management app will gain from
5G's enhanced coverage and productivity since it will improve communication.
According to estimates, 5G signals can travel 20 times quicker than 4G. The
developed nations of the globe already have 5G. However, it will be spreading
worldwide in 2023-2024.
8) Increased Traffic
Safety Procedures
Due to the pandemic, fleet owners and managers will
concentrate on fleet and driver security. They will prioritize driver safety by
tightening sanitization controls during vehicle inspections and ensuring they
have the necessary equipment. Modern white label
GPS tracking software can also be used to ensure that safety protocols are
met by the staff. This will benefit your drivers and employees and show that
you are ready to reduce risks and virus exposure.
Achieving fuel efficiency and cutting down fuel expense will
be a main concern for commercial fleets in 2023 due to a record-high rise in
diesel prices. In 2023, the fleet industry will experience advancements in
technology and stronger tech integration, which will enhance the capabilities
of GPS tracking software. Utilizing fleet management software will improve
fleet tracking and management and operational efficiency.
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