The fleet business is undergoing a crucial period because the market has excellent potential for further growth.
And to overcome the obstacles, many are looking to develop fleet management solutions for their business.
It is designed to help enterprises meet the growing demand, grab various opportunities, and manage their business efficiently.
According to the MarketsandMarkets report, the global fleet management size is estimated to grow from 20.6 Billion to USD 33.9 Billion between 2021 and 2026.
It is estimated to show a 10.5% Compound Annual Growth Rate during the forecast period. COVID-19 pandemic has affected most sectors to a great extent.
The pandemic has had a significant impact on industries like automotive, transportation, travel, logistics, and more.
All the sectors were forced to close their businesses due to global lockdown, which has an impact on the economy in terms of GDP.
The virus spread unraveled the weak points of the fleet business; thus, many companies are choosing to convert their weakness into strength by implementing the fleet management system.
This decision can prove to be one of the effective ways to decrease expenses and overcome various challenges.
What is a Fleet Management System?
The fleet management system is an advanced tech stack that enables businesses to accomplish various tasks in managing all aspects relating to the brand’s vehicles.
Entrepreneurs can manage every task systematically, starting from recording vehicle details to tracking drivers in real-time to measure performance and more.
Statista report shows that the global fleet management systems market size will reach around 30 billion U.S. dollars by 2022.
A Feature-rich system is designed to help businesses complete a range of tasks more efficiently than ever before.
Companies relying on transportation can invest in the best solution as it helps them improve their business efficiency and productivity. Even state and local governments can benefit from government fleet management software to improve efficiency.
Besides this, it also helps to decrease the operational cost.
Do Your Business Requires a Fleet Solution?
Technology has a significant impact on every niche, and the fleet management sector is not left untapped.
Most business owners these days prefer to invest in one or other branded solutions that make it straightforward for them to track and manage every activity right from one place, helping them drive more traffic and sales for their business.
If you own a fleet business and are looking for a feature-rich and easy-to-use solution, look at the list below.
You can choose any as your business partner to automate all the tasks and manage them adequately.
Eber is an advanced solution that helps you manage your fleet business tasks efficiently by automating all of them for you.
The feature-rich solution makes it easier for you to have a sharp eye on every activity from anywhere and at any time.
Iflexion is serving the best solution to all sizes of businesses, and if you are looking to give a digital feel to your business operation, then choosing the brand can help you start your journey today.
Rishabhsoft provides you with an opportunity to turn your traditional business operations into digital. Expand your business in different regions and manage things with the best-designed solution.
Difference Between Ready-made and Custom Solution
Before understanding the difference between both the system, let’s elaborate its definition:
Custom Fleet Management System
Such a platform is developed and designed to meet every requirement of local businesses and businesses.
Since the software is developed for particular businesses, it can easily accommodate customers’ particular expectations and preferences; this might not be the same case with the ready-made product.
Ready-to-use Fleet Management Solution
Just purchase, make changes, and start using the ready-to-use software today.
Ready-to-use software is designed for almost all businesses and carries a broad set of features and modules.
Today there are numerous fleet management systems available in the market, each claiming to have engaging functionality, ensuring to meet your business requirements efficiently.
Let’s explore some of the differences between ready-made and custom solutions right here.
Ready-made Solution VS Custom Solution
- Features are general
- It helps businesses to manage everything efficiently
- Have to pay extra for integrating more features
- Can make a monthly or annual payment
- Beneficial for startup
- Designed keeping all the business requirements in mind
- One-time investment
- Easily scalable
- Beneficial for growing businesses
Pros & Cons of Readymade & Custom Solution
Fleet management solution includes software and hardware and contains a set of features required to manage your business.
Some of the features are:
- Route optimization;
- Real-time tracking;
- Driver Verification.
There are many more!. Hence choosing to invest in the advanced system can prove to be a beneficial option.
But the question is which is better for your business- a ready-made fleet management system or custom solution?
Let’s go through a few of the pros and cons for both, as it will help you make innovative and practical choices for your business.
Pros of Ready-Made Fleet Management System
- Constant updates
- Lower costs
- Easy integration
- Available as Software as a Service (SaaS)
Pros of Custom Fleet Management Solution
- The best option for specific purposes
- Control of the source code
Cons of Ready-Made Fleet Management System
- Lack of flexibility in functionality and design
- Lack of support and customer service
Cons of Custom Fleet Management Solution
- The price of the custom solution can be higher
- Custom software development demands more time as everything is built as per business requirement
Custom software makes it easier for businesses to go with essential modifications as per the changing customer preferences and market requirements.
You can even choose to go with the second option for more scalability and flexibility. However, there is no doubt that the custom software overcomes all the shortcomings of the ready-made solution.
With the growth of the transportation and logistics business, efficiency and automation are crucial for managing a competitive edge for your fleet management company.
Many trends like automation of warehouses and others also give rise to the need to have feature-rich software for your business.
Choosing as well as implementing the right solution for your business is a very complicated and tedious task.
But proper market analysis can help make worthwhile decisions for your business, and the proper software selection can help you overcome challenges and meet the growing changes.
Ensure to make tech partners to them who can help you jumpstart your digital journey quickly and at a pocket-friendly price.
Purchase high-quality, ready-to-use, custom software that satisfies your expectations and helps you automate business operations and systematically manage things.
Deep is an aspiring entrepreneur and Co-founder of Elluminati Inc.
Deep having led 75+ startups on the right path with their information-admiring entrepreneurial skill and guidelines.
Along with that he loves to craft content on topics including on-demand economy, ground transportation industries, entrepreneurship, technology trends and many more.