The fleet management market is valued at USD 28.6 billion in 2023 and is anticipated to reach USD 55.6 billion by 2028, with a CAGR of 14.2%. Operators are increasingly adopting fleet management systems due to regulatory obligations, including ELD regulations and pollution standards. ELDs ensure compliance with labor laws, reduce fatigue-related incidents, and enhance road safety. Additionally, fleet operators must adopt environmentally friendly practices to meet emission requirements. Fleet management systems play a crucial role in compliance by tracking and optimizing fuel usage, scheduling maintenance, and promoting eco-friendly driving habits.

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