There has been a significant increase in interest in fleet management solutions due to the pandemic. Fleet managers are recognizing the immense value that a fleet management system can offer to their businesses by leveraging a fleet management system that can assist in reducing the total cost of ownership (TCO). FleetDomain is a company that provides fleet management services, which has experienced notable growth in the past two years. The company’s solutions are designed to address the unique challenges facing fleet managers and operators, helping them to optimize their operations through the implementation of solutions aimed at driving success. FleetDomain’s team of experts provides tailored solutions that meet market needs and exceed expectations, whether companies are looking to reduce costs, improve safety, or enhance efficiency.
FleetDomain, Part of ATG, Reveals Significant Growth
FleetDomain, a company that provides fleet management services, has experienced notable growth in the past two years. As of December 2022, the company is responsible for managing the maintenance, administration, and monitoring of driver behavior of 25,149 vehicles. FleetDomain is a subsidiary of Argility Technology Group (ATG).
According to Jai Kalyan, Managing Director at Fleet Domain, the company has been growing at a rate of approximately 5,000 to 6,000 assets per year for the past four years. This growth is a result of both organic expansion of existing accounts and the acquisition of new clients. However, Kalyan notes that 80% of the company’s growth in 2022 came from new business. FleetDomain added a high-profile corporate enterprise with over 5,000 assets to their client profile last year.
Kalyan attributes the company’s success to several factors, including the expertise of FleetDomain’s team, which has over 30 years of experience in the industry. By keeping a close eye on industry trends and legislation, the company is able to create solutions tailored to the unique needs of fleet managers and operators. FleetDomain’s commitment to remaining current and effective has resulted in proven software solutions designed to help clients achieve their business goals and stay ahead of competitors.
The fleet management market is estimated to reach USD 52.50 billion by 2030 at a CAGR of 10.6%, according to market research. Kalyan notes that this makes it one of the fastest-growing markets globally, and an exciting sector for FleetDomain to be a dominant player. One of the current global trends in fleet management is the use of IoT solutions and machine learning to enable predictive maintenance on fleet vehicles, allowing companies to plan for necessary vehicle maintenance before they break down.
FleetDomain’s order book for 2023 is looking promising, with proposals already submitted for approximately 8,000 additional vehicles.
Fleet Management Solutions in High Demand Amidst the Pandemic
The pandemic has led to a substantial increase in interest in fleet management solutions. Unmanaged fleets can result in costs that are 10%-15% higher than those with a robust fleet management system in place, according to industry experts. As a result, fleet managers have recognized the immense value that a fleet management system can offer to their businesses. By utilizing a fleet management system that can help reduce the total cost of ownership (TCO), companies can significantly improve their return on investment (ROI), says Jai Kalyan, Managing Director at FleetDomain.
FleetDomain understands the importance of effective fleet management in today’s market. The company’s solutions are designed to address the unique challenges facing fleet managers and operators, helping them to optimize their operations through the implementation of solutions aimed at driving success. Whether companies are looking to reduce costs, improve safety, or enhance efficiency, FleetDomain’s team of experts is here to provide tailored solutions that meet market needs and exceed expectations, concludes Kalyan.
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