Import Driven Low Cost Fleet Management Market Hindered by Slow Adoption of Technology and Hardware Requirements: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit “The Government through AIS 140 standards, although mandating the use of vehicle tracking systems in Commercial Vehicles, have not implemented the guidelines effectively, thereby giving scope for non compliance”. Decreasing Dependence towards Import from China: The Hardware for Fleet Management and Telematics is usually imported from China. Nearly 75%-80% of the import market is dominated by China, with Israel and Lithuania being the other preferred countries. The cost of the hardware post importing is 60% lesser than indigenously manufactured hardware devices. This gap is now declining & in the future it is expected to have a similar price. More Companies are now focusing on manufacturing their own hardware, since in a low cost market such as this, margins from sale of hardware is more than margins from Software product. Increase in Volume Based Incentives: Companies in this sector, since it is low cost, depend on the volume of fleets that they cater to a single client. Many companies have a minimum benchmark criteria (minimum fleets) in order to accept the demand of the client. In Order to attract more customers, companies are increasing their incentives (offering discounts or value added services) if the customer meets the required number of fleet. Increasing Focus on Safety and Security: Introduction of AIS 140 standards by the government was done with the main aim of Passenger Safety and Security. Hence the mandate has been towards commercial vehicles and all public transportations. Increased data tracking and technological advancement will bring all CV’s under one common platform & introduction of emergency buttons also increases safety for drivers and passengers. However regulations without proper implementation are rendering these regulations ineffective. According to a report by Ken Research titled “India Fleet Management Systems Market Outlook to 2025- driven by Introduction of AIS 140 Standards, Increase in use of Artificial Intelligence and Fleet Size” Varied applications with increase in use of IoT, AI and Machine Learning has led to increase in tech adoption in Fleet Management Solutions The market is expected to grow at a positive CAGR of more than 10% during the period 2019-2025. Key Segments Covered:- By Hardware and Software By Solutions Vehicle Tracking Fuel Monitoring Driver Management Vehicle Health Monitoring By Type of Commercial Vehicles LCV MCV HCV By Type of Transport Vehicles LMV Freight LMV Passenger Trucks Taxis Buses Other Vehicles By Type of Services After Sales Service Claim Inspection Service Other Services By Solution Type Embedded Solutions Portable Solutions By Package Type Entry Level Mid Level Advance Level Companies Covered:- iTrangle Infotech Minda iConnect Intangles LogiNext FleetX LocoNav Trimble Key Target Audience:- Logistics Companies Fleet Management Companies Digital Freight forwarders Private Ventures and Equity Firms OEM’s Transport Companies Fleet Operators Time Period Captured in the Report:- Historical Period: 2014–2019 Forecast Period: 2020-2025 For More Information, refer to below link:- India Fleet Management Systems Market Related Reports:- India Logistics Market Outlook to FY24–Driven by Government Infrastructure Push, New Age Logistics Startups, and Technology Innovation India Digital Freight Brokerage Market Outlook to 2025 – Marquee Investors Funding in the Space and Revenue Alternative on Return Trips to Support Market Growth Indonesia Logistics and Warehousing Market Outlook to 2023 – Driven by Infrastructure Spending for Airport and Seaports Albeit by Poor Existing Road Network Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Post Views: 4 Tags: Advanced Fleet Systems Market India, Buses Transport Vehicles Market, Commercial Vehicle Fleet Management Solutions India, Commercial Vehicle Market Size In India, Commercial Vehicle Telematics Market India, Covid-19 Impact India Fleet Management Industry, Covid-19 Impact India Fleet Management Market, Cronavirus Impact India Fleet Management Industry, Cronavirus Impact India Fleet Management Market, Embedded Telematics Solutions India, Evaluation Study India Fleet Management Market, Evaluation Summary Report India Fleet Management Market, Evaluative Survey India Fleet Management Market, Fleet Analytics Market India, Fleet Management Industry in India, Fleet Management Market In India, Fleet Management Software Price India, Fleet Management System Market Interview, Fleet Management Systems India, Fleet Telematics Market Interview, FleetX Fleet Management Systems Market Size, Fuel Monitoring System Software Market, Heavy Commercial Vehicle Telematics Market India, India Commercial Telematics Market, India Fleet Management Due Diligence Report, India Fleet Management Growth Strategy Market Report, India Fleet Management Industry, India Fleet Management Industry Research Report, India Fleet Management Market, India Fleet Management Market Analysis, India Fleet Management Market Competition, India Fleet Management Market Competition Benchmarking, India Fleet Management Market Evaluation Report, India Fleet Management Market Forecast, India Fleet Management Market Future Outlook, India Fleet Management Market Growth, India Fleet Management Market Major Players, India Fleet Management Market Research Report, India Fleet Management Market Revenue, India Fleet Management Market Revenue Forecasting, India Fleet Management Market Shares, India Fleet Management Market Size, India Fleet Management Market Trends, India Fleet Management Systems Manufacturing Hubs, India Fleet Telematics Devices Market, India Logistics Market Shares, India Telematics Market Size, Industry Research Report Of India Fleet Management, Intangles Fleet Management Systems Market Shares, ITrangle Infotech Fleet Management Systems Market Revenue, LCV Commercial Vehicles Market India, Light Commercial Vehicle Telematics Market India, LMV Freight Transport Vehicles Market, LMV Passenger Transport Vehicles Market, LocoNav Fleet Management Systems Market Revenue, LogiNext Fleet Management Systems Market Revenue, LogiNext Telematics Fleet Management Systems Market Shares, Logistics Fleet Management Market India, Logistics Fleet Management Solutions India, Logistics Telematics Market India, Market Research Report Of India Fleet Management, MCV Commercial Vehicles Market India, OBD Device Market India, Portal Fleet Management Solutions India, Social Evaluation Research India Fleet Management Market, Taxis Transport Vehicles Market, Telematics Hardware Price India, Trimble Fleet Management Systems Market Shares, Trucks Transport Vehicles Market, Vehicle Health Monitoring Software Market, Vehicle Tracking Software Market, Write An Evaluation Report On India Fleet Management Market