Description

In light of the COVID-19 global pandemic, companies in the eCommerce, grocery delivery, and logistics industries have been enlarging their fleets to address the ever-increasing demand that begin in 2020. Cost minimization and fleet efficiency are urgently needed in this unprecedented time. The introduction of fleet management system (FMS) features such as real-time global positioning system (GPS) tracking, remote vehicle control, and driver behavior monitoring have enabled fleet managers to reduce costs and boost efficiency. By leveraging data-centric location tracking, an FMS offers users real-time monitoring. For instance, GPS tracking significantly enhances the accuracy of estimated delivery time in the logistics industry, which helps logistics providers decrease the rate of late deliveries and increase overall efficiency.

The FMS market is emerging in Malaysia. Since 2010, international and domestic solution providers have entered and are contributing to market growth. The Malaysian FMS market generated US$4 million in 2019 and is expected to reach US$10 million by 2025, increasing at a compound annual growth rate (CAGR) of 16.5%. In a field of more than 30 global industry participants, Frost & Sullivan independently plotted the top 8 companies in this Frost Radar™ analysis.

The Frost Radar™ reveals the market positioning of companies using their 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 consider to spur growth.