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China's commercial vehicle (CV) fleet management system (FMS) market is currently in phase 2.0, which focuses on people-vehicle interaction. In the next 10 years, the market will enter phase 3.0, centering on technologies for vehicle-to-vehicle (V2V), vehicle-to-everything (V2X), and Internet of Things (IoT).In China, the CV market is experiencing strong growth due the booming eCommerce industry, the wave of vehicle replacement and upgrade to meet stricter emissions regulations, and subsidies issued by central and regional governments. With these new market dynamics, huge potential has surfaced in CV fleet management industry. Consequently, FMS providers are grappling to meet the diverse demands coming from different market segments that require fleet management solutions.Today, most fleets use traditional FMS solutions that are largely reliant on manual processes and global positioning system (GPS) tools. GPS-based fleet management systems, however, only provide basic functionality in terms of fleet monitoring and cannot provide other much-needed services, such as preventing accidents or enabling efficient real-time communication between fleet managers and drivers. To create a more positive user experience and optimize FMS solutions, the industry needs intelligent, comprehensive solutions that use Big Data, artificial intelligence (AI), and IoT to drive cost and labor efficiency. In a field of more than 1,000 industry participants, Frost & Sullivan independently plotted the top 10 companies in this Frost Radar™ analysis. The Frost Radar™ reveals the market positioning of each company using its Growth and Innovation scores as highlighted in the Frost Radar™ methodology. The document presents competitive profiles on each of the companies based on their strengths, opportunities, and market positioning. We discuss strategic market imperatives and the competitive environment that vendors operate in as well as make recommendations for each provider to spur growth.
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