The primary factors driving the growth of the market include the growing government regulations and the need for optimization of fleet operating expenses. The other factors supporting the market development include the decreasing hardware and software costs and growing need for operational efficiency among fleet owners.
This could be a legit move for the vendors as a lot of potential consumers are unaware of the benefits of global fleet management solutions. There is also a possibility of new mergers being formed in the global fleet management solution market in the years to come. The top players in the global fleet management solution market are projected to acquire in defunct regional vendors in order expand their presence.