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 system trends of 2024.

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 2024-2043." 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 vehicle 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.

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