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5 Industry Trends That Will Impact Fleet Management in the Future

In the twenty-first century, the fleet management sector has seen fast development, and it’s only getting started. Fleet managers must have their finger on the pulse of industry trends to be competitive and succeed in today’s ever-changing market. As a result, here are five of the most important fleet management industry trends for 2022. As well as what you can do about them.

  • Fleet Management Operations are being Digitized

The extensive use of fleet management software to streamline and simplify operations is perhaps the most visible development. GPS tracking systems, for example, are rapidly becoming commonplace. According to statistics from 2021, over two-thirds (64 percent) of fleet managers use GPS fleet tracking, a rise of 8.5 percent from 2020.

This isn’t simply a problem for medium- to large-sized fleets. Between 2019 and 2020, the rate of technology adoption among small fleets increased by 12%, and that number is expected to continue to rise in the future.

Fleet fuel management software helps you to remain on top of practically every area of operations to make your fleet as efficient as possible, from monitoring driver behavior to minimizing fuel usage and emissions to automating compliance with HOS rules. Titan GPS, for example, makes it simple to install and set up a fleet management system so you can get complete information on things like driver location, vehicle health, maintenance requirements, and more.

Making your fleet more ecologically friendly is a win-win-win situation

  1. Reduces emissions, which is good for the environment.
  2. Reduces fuel usage, resulting in increased profitability.
  3. Because most current consumers choose eco-friendly firms, it strengthens the brand’s reputation.

Aside from choosing sustainable car technology, one popular method is to use a vehicle tracking system to:

  1. Reduce aggressive driving and speeding.
  2. Reduce unnecessary idling and kilometres driven by optimising driver routing and rerouting.
  • Flexibility and speed are in high demand

It has always been critical to have a quick and effective dispatching system. You want to transport drivers from one place to the next with as little disturbance as possible, since this is critical to providing excellent service and increasing efficiency. However, as we get farther into the 2020s, the desire for flexibility and speed will only grow.

For example, fleet managers must ensure that their drivers can smoothly reroute depending on real-time variables such as traffic congestion, road construction, weather, and so on. They also need to assign drivers rapidly to places while avoiding speeding and aggressive driving to guarantee that service needs are met on a consistent basis.

Again, one of the key tools organisations use to attain this degree of flexibility and speed is fleet management software. Today’s systems can assist drivers in determining the most effective routes and effortlessly rerouting them to their destination while minimising unnecessary delays. Simultaneously, this technology can increase safety by detecting unsafe behaviour like speeding in real time, and it can even give in-cab aural coaching for educational purposes.

  • The Impact of 5G Expansion on Telematics

Only 236 million 5G mobile subscribers were available worldwide in 2020. That number is to reach one billion by 2022. Experts forecast that by 2025, the population will have swelled to three billion. This graph from Statista illustrates the rapid spread of 5G.

The influence of 5G on numerous businesses is far-reaching, and the fleet industry is no exception. As telecommunications technology becomes more common, fleet telematics will see significant breakthroughs.

One example would be offering in-depth vehicle health monitoring to ensure preventative maintenance is performed on a regular basis to reduce wear and tear, costly breakdowns, and overall vehicle longevity. Fleet managers can constantly have a bird’s-eye view of their vehicles thanks to 5G telematics.

This cutting-edge technology has advanced quickly and now includes a variety of capabilities, including:

  1. Risky driving behaviour alarms in real time
  2. Forward-facing and driver-facing cameras in real time
  3. Fatigue detection and distracted driving
  4. HD video storage on the cloud is safe and secure.

That is precisely what 5G telematics provides. While 4G and related technologies have frequently sufficed in the past. 5G’s tremendous speed promises to make it one of the most game-changing fleet management innovations. Because of the enhanced productivity and efficiency it provides, it should not only provide significantly more transparency for fleets, but it will also likely be the trigger for better customer happiness.

  • Autonomous Vehicles & Electric Vehicle Fleets

Finally, we’ve reached a tipping point where electric fleet vehicles and autonomous cars are experiencing significant increase. And, while they’re far from popular, their use has grown fashionable.

How Can Fleet Managers Stay Ahead of the Curve?

Fleet management has changed dramatically this century, thanks in large part to advances in technology. And it will continue to do so as we approach farther into the 2020s. To summarise, some of the most significant transportation management software industry trends are the widespread digitalization of operations. Increasing environmental consciousness &the desire for speed and flexibility or 5G growth with telematics, and the emergence of electric and autonomous cars.

Also read: Influencer Marketing & it’s Advantages

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