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Showing posts with the label Fuel Management System Market

Fuel Management System Market - Forecast(2021 - 2026)

Fuel Management System Market size is analyzed to grow at a CAGR of 9.7% during the forecast period 2021-2026 to reach $0.802 billion by 2026. Fuel management system is a technology-based tool, designed to monitor and control fuel consumption and provides real-time visibility of all aspects within the fleet. The growing adoption of Telematics software as well as hardware, such as Radio-frequency identification and programmable logic controller to enable fleet operators to aim overall fleet management lifecycle are some of the significant factors for the growth of the Fuel Management System Industry. The emergence of digitalization, and data-driven business models that are used to maintain consumption of fuel and stock across any industry verticals, require transport such as road, rail, water and air, for business operation are projected as opportunities for growth. Moreover, the rapid advancement of automotive and transportation industries are estimated to escalate the growth of the F...