Fleet Management Software In 2020

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Fleet Management Software In 2020
- Latest Quadrant Ranking Released by
360Quadrants
Fleet management software enables fleet managers
in managing all the fleet and asset data, from
their acquisition through disposal. By using the
best Fleet Management Software, companies can
minimize their costs and enhance productivity and
mitigate risks. It enables individuals in
accomplishing the various tasks precisely. The
major benefits of the Fleet Management Software
include increased fleet safety, automated fleet
reports, enhanced compliance and control on the
overall cost of the organization. 360Quadrants,
the leading solution comparison platform,
released the quadrant on the top vendors
offering the fleet management software in the
fleet management software market. All the
shortlisted vendors were analyzed based on their
product offerings and strategies and placed on
the quadrant. This quadrant will be updated
every three months by assessing the vendors in
the fleet management market. 360Quadrants
conducts deep SWOT analysis that enables software
providers to learn in detail about the
opportunities and trends in the market. The
global fleet management software market is
projected to grow at a CAGR of 11.3 at USD 19.93
Bn in 2020 to USD 34 Bn by 2025. There are
multiple growth opportunities in this market such
as managing telematics data for enabling quick
business decisions, green fleet initiatives, and
the introduction of autonomous fleets to provide
various partnership opportunities. Fleet
Management Software Companies Quadrant
Placement 360Quadrants has evaluated 35 software
vendors that offer fleet management software, of
which, the top 30 were positioned on a quadrant
under visionary leaders, innovators, dynamic
differentiators, and emerging companies. Tomtom,
Donlen, Teletrac Navman, Element strategic fleet
management, Chevin fleet solutions, Verizon
communications, Trimble, Emkay, ARI simulation,
ID systems, and Leaseplanhave been identified as
Visionary Leaders in the fleet management
software space.
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Merchants Fleet Management, Wheels, Masternaut,
Transpoco Vehicle tracking, E-drive technology,
FleetFactz, Cartrack, Imarda, and Zonar systems
have been recognized as the Innovators in the
fleet management software space. Geotab,
GPSTrackIt, Workwave GPS, and FleetLocatehave
been positioned as the Emerging Companies in the
fleet management software space. Wabco Holdings,
Mix telematics, Omnitracs, Isotrack, ATT, and
TrustTrackhave been identified as the Dynamic
Differentiators in the fleet management software
space. 360Quadrants Evaluation
Approach 360Quadrants shortlisted and analyzed
the top fleet management software vendors. These
vendors were assessed based on more than 150
strategically selected parameters gathered from
product and business strategy evaluations of
companies, and the data collected from buyers and
industry experts. Some of the parameters include
driver management, alerts maintenance, and
route optimization. Driver Management- The
fleet management software enables fleet managers
in managing their drivers by assessing their
behavior. The driver behavior is assessed on
various factors such as acceleration, braking,
cornering, and many more such factors. Alerts
Maintenance- The software sends real-time alerts
to drivers as well to managers in some cases if
the driver is speeding or idle. The software can
even send landmark alerts, odd hours alerts, and
long stop alert. Users can customize these alerts
as per their convenience. Route Optimization-
Route optimization enables a company to reduce
cost and increases its ROI. The software
automatically detects the cost-efficient route if
it has this feature. Route determination is
dependent on factors such as the number of stops,
and the time needed for deliveries. All such
parameters were assigned with weightages, based
on which the inputs were analyzed. This enabled
analysts in computing the ranking based on which,
the fleet management software vendors were rated
and placed on the 360Quadrant. About
360Quadrants 360Quadrants is the largest
marketplace looking to disrupt USD 3.7 trillion
of technology spend and is the only rating
platform for vendors in the technology space. The
platform provides users access to unbiased
information that helps them make qualified
business decisions. The platform facilitates
deeper insights using direct engagement with 650
industry experts and analysts and allows buyers
to discuss their requirements with 7,500 vendors.
Companies get to win ideal new customers,
customize their quadrants, decide key parameters,
and position themselves strategically in niche
spaces, to be consumed by giants and startups
alike. Experts get to grow their brand and
increase their thought leadership. The platform
targets the building of a social network that
links industry experts with companies
worldwide. 360Quadrants will also be launching
quadrants in fields such as Logistics software,
Fleet maintenance software, and Commercial
vehicle telematics.
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