Frequently asked questions

Find answers to common market questions and discover solutions and tips to optimize and reduce the costs of your asset fleet.

What is the fleet management market?

The fleet management market is expected to exceed $34.6 billion by 2022, with a compound annual growth rate of nearly 24.5%. In Europe, a recent study forecasts an average annual growth of 14% by 2023. The fleet management market is therefore experiencing strong growth. Smart fleet management enables companies to monitor and manage their vehicles more efficiently, quickly, and cost-effectively, improving profitability. It also helps businesses better meet the needs of customers and employees while increasing revenue and reducing costs.

How can I connect my vehicle data?

SoFLEET supports you in managing your vehicle fleet.

Whether your vehicles are already connected or not. Thanks to our aftermarket devices, installed in just a few minutes in your vehicles (passenger cars, light commercial vehicles, and heavy-duty vehicles) by our specialized partners across Europe. We also leverage partnerships with automotive manufacturers worldwide to collect and use data from OEM systems already built into your vehicles.

Why do companies need a fleet management system?

Fleet management and the growing need for a wider range of technological solutions are becoming increasingly important as our society evolves. Fleet management is also becoming more flexible thanks to the availability of SaaS software that can be used in the cloud and accessed from any computer. It enables companies to focus on what they do best: managing their core business. It also allows teams to focus on improving the customer experience.

How do fleet management platforms work?

Fleet management has been an established field for decades. The advent of IT and the Internet has radically changed the way fleets are managed. Traditional fleet management systems rely on large databases containing detailed information and history for each vehicle, including maintenance, repairs, as well as recorded accidents and fines.

Today, most fleet managers have access to data collected through fleet management software, also known as Fleet Management Software (FMS), via digital sources. They can access this data online from any computer.

These systems enable fleet management by creating driver profiles aligned with each driver’s skills. A profile is also created for each vehicle, ensuring the right match between drivers and assigned vehicles, as well as proper fuel management. This process not only reduces operating costs but also maximizes driver productivity, for example when managing a truck fleet.

Vehicle telematics applications are used to monitor all data flowing through the system and can serve multiple purposes: from improving fleet maintenance to maximizing fuel savings, as well as reducing the risk of accidents or breakdowns. All data collected by sensors is stored in a database, which is then used by operators for planning and operational management.

What is the role of IoT in fleet management?

The Internet of Things is a connected ecosystem that enables all devices within the network to interact with each other. In most cases, this network consists of smart devices—such as computers, laptops, mobile phones, and tablets—that can communicate with one another, allowing fleet managers to monitor vehicle health and make critical decisions about operational processes.

In the context of vehicle fleets, these devices take the form of connected units, also known as trackers, typically connected via an OBD (On-Board Diagnostics) port. They enable the analysis of multiple parameters such as location, speed, routes, fuel consumption, brake wear, and battery level for electric vehicles. Fleet management supports managing a fleet within an energy transition context by promoting eco-driving and the use of electric vehicles.

To fully understand fleet management, it is essential to grasp the role of connected devices in managing a vehicle fleet. Typically, a vehicle tracking system helps managers closely monitor fleet efficiency, both financially and operationally. By implementing such a system, they can track each vehicle and make the necessary adjustments. The same applies to maintenance and repair operations, enabling teams to address issues efficiently and streamline maintenance activities.

The scalability potential of this system is significant, as it does not require additional investment for each individual vehicle to operate effectively.

In the automotive industry, many vehicle manufacturers are already implementing IoT-based systems to optimize fleet management: remotely monitor vehicle diagnostics and data transmission, reduce costs, save fuel, track maintenance, manage employee schedules, and more.

Fleet maintenance has also become much easier thanks to real-time diagnostic tools and the transmission of data directly from the system, replacing traditional manual maintenance processes and record checks performed by mechanics.

What IoT solutions are available for fleet management?

IoT fleet management solutions are designed for companies that need to manage multiple vehicles within a fleet. These solutions leverage the internet to provide real-time reports and analytics, making them ideal for fleet managers. Today’s fleet management is very different from the past, when it mainly involved monitoring fuel consumption and keeping track of driver records. With the introduction of GPS and other wireless technologies, fleet managers can now access their data online, enabling them to make informed decisions on fuel purchasing, reduce costs, and maintain high productivity levels.

IoT fleet management solutions enable the following:*

  • Instant improvements and faster decision-making regarding driver behavior: speeding, unnecessary tire wear…
  • Smart monitoring for preventive maintenance and reduced maintenance costs by calculating and optimizing fleet TCO
  • Optimization of delivery routes and rounds
  • Faster field interventions with real-time fault detection
  • Fuel consumption optimization
  • Maintaining engine performance

What IoT technologies are used in fleet management?

Devices used to enhance fleet management rely on three main technologies: RFID, GPS, and OBD II. Looking for advice to optimize your fleet management? GPS- and OBD II-based fleet management systems help reduce costs and provide real-time insights into vehicle maintenance, location, routes, and driving conditions, while RFID supports vehicle control and tracking.

What is eco-driving used for?

Road transport accounts for 94.9% of greenhouse gas emissions in the transport sector. Risky driving, harsh acceleration and braking, excessive speed, engine idling, underinflated tires, overloaded or poorly maintained vehicles—all contribute to increased energy consumption, higher fleet costs, and greater road risks.

While most fleet management software provides insights based on driving risk (mainly derived from accelerometer data), SoFLEET delivers true eco-driving indicators that help fleet managers make informed cost management decisions.

SoFLEET dashboards provide fleet managers with all driving-related data. Each driver is assigned a score based on an algorithm developed by Synox, along with detailed insights to support and simplify management.

Another solution often used by companies to optimize fleet profitability is leasing combined with vehicle sharing, also known as “car sharing”.

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