The global market size for fleet management software is estimated at $19.58 billion in 2021. That figure will skyrocket to a staggering $59.08 billion in 2028.
It’s easy to see why vehicle fleet management software is in such high demand. What company with a fleet of vehicles isn’t interested in leveraging technology that helps boost efficiency and productivity? Different types of fleet management software help businesses realize these dreams.
But exactly what is fleet management software? What specific benefits can such software afford your company?
If you’re asking these questions, you’ve come to the right place. Keep reading to learn more.
What Is Fleet Management Software?
Fleet management software is an application designed to help companies coordinate and manage their work vehicles in a central information system. The software helps streamline such fleet management tasks as vehicle maintenance, tracking, replacement, routing, navigation, and financing.
How Can Fleet Management Software Benefit You?
The best fleet management software can help greatly enhance your operations in a variety of ways, as you shall see in this guide. Let’s take a closer look at three of them.
Enhancing Driver Safety
One of the most important components of fleet management is ensuring that your drivers remain safe while at work. Sadly, a big percentage of accidents that occur on the road are caused by improper driver behavior and performance. For instance, speeding contributed to 26 percent of all traffic fatalities in 2019.
Driver performance is one of the major focuses of fleet management software. The software provides near real-time notifications about risky driving habits such as speeding and hard cornering or braking.
With such information, you can know which of your drivers pose a danger to your vehicles and other road users and take appropriate action to avert disaster.
Reducing Fuel Consumption
Fuel is one of the biggest expenses when you run a fleet of vehicles, so anything that helps you reduce fuel consumption is always welcome. A reliable fleet management system can provide valuable insights into how your vehicles currently consume fuel. It can also unearth potential ways to save fuel.
For example, excessive engine idling can result in fuel wastage. The in-depth fuel data you get from your fleet management software will reveal if this is the case. You can then coach your drivers to drive more efficiently. These small savings can add up over time.
Enhancing Customer Satisfaction
Fleet management software helps you simplify bookings and appointments. The software can also send you notifications when a driver is delayed or hasn’t viewed a job that you assigned them. With such information, you can take immediate action to resolve the issue and meet your customers’ expectations.
The Right Fleet Management Software Can Boost Your Business
If your business deals with a fleet of vehicles, then you can definitely benefit from the right fleet management software. Such a system helps keep both your drivers and vehicles safe, besides saving you money on fuel and boosting customer satisfaction. Ultimately, these benefits do more than make up for the initial fleet management software cost.
Are you interested in reading more great content like this? Please, keep visiting our blog.