Verizon Connect has officially published the results from its fifth annual Fleet Technology Trends Report, which was prepared in collaboration with Bobit Business Media.
Based on responses from 543 fleet management professionals, the stated report is understood to focus on how fleet management technology continues toserve as a dependable asset in the context of an agenda of boosting performance across small, medium, and enterprise fleets.
As for the results, they discovered what would be a steady increase in the use of GPS fleet tracking, in-cab video solutions, and predictive analytics, driven by rising costs, evolving regulations, and competitive pressures. Complementing the same would be consistent growth in adoption rates and proven return on investment (ROI), something which is making it possible for these technologies to aid fleets across industries, and therefore, enhance efficiency, improve safety, and navigate sustainability challenges.
Talk about the report’s findings on a slightly deeper level, though, we begin from the widespread adoption of fleet technology itself. You see, for the fifth consecutive year, Verizon’s report has picked a strong acceptance for fleet technology. To be more concrete, 80% respondents said they were consistently utilizing at least one form of technology. From that lot, GPS fleet tracking emerged as a standout, with 69% of fleets across industries reporting its use. In fact, once implemented, 72% of these users found it to be extremely or very beneficial, as majority cited improved efficiency (62%) and a reduction in harshdriving/speeding events (49%).
Next up, the report uncovered a reduction in costs, and at the same time, relayed an accelerated brand of ROI. In essence, the findings in question claim that between 2021 and 2025, average fuel savings doubled (8% to 16%), whereas accident cost savings increased from 11% to 22%. Here, almost half of respondents (47%) achieved a positive ROI from GPS fleet tracking in less than a year. Apart from that, both asset tracking and field service/workforce management solutions saw a 7% increase in users reporting a positive ROI within a year.
“As fleet management continues to evolve, it’s clear that technology is more than just an investment, it’s a critical driver of efficiency, safety, and sustainability,” said Peter Mitchell, General Manager, Verizon Connect. “The findings from this year’s Fleet Technology Trends Report highlight a strong commitment across industries to embracing fleet technology, with GPS tracking and in-cab video solutions consistently delivering measurable results. As fleets face rising costs and increased regulatory pressures, these technologies are proving to be indispensable in helping organizations optimize their operations, reduce expenses, and navigate the path toward a more sustainable future.”
Moving on, Verizon’s report also reached upon a pattern of technology actively enhancing safety and efficiency. To give you a better idea, an estimated 57% of respondents deemed improved driver safety as a key benefit of GPS fleet tracking. Furthermore, 68% of respondents rated in-cab video solutions as extremely or very beneficial. All these solutions have displayed, in their own way, a tendency to reduce distracted driving incidents and improve coaching sessions, as well as conceive substantial reductions in accident and insurance costs.
Almost like an extension of that, the lowdown also introduced new insights into EV integration. You see, among all US respondents, 28% reported that GPS fleet tracking helps identify suitable applications and routes for EV utilization. Fleets operating EVs are presently relying upon GPS tracking to improve vehicle visibility (35%), improve efficiency and management of daily operations (35%), reduce maintenance costs (30%), and increase battery status visibility (19%). Beyond that, 35% have also witnessed sustainability improvements through fleet technology, thus emphasizing upon the progress being made in meeting environmental targets.
Rounding up highlights would be the report’s take on persistent cost challenges, with 77% of respondents naming rising costs as their top issue for the fifth consecutive year. Along the similar lines, concerns over increased regulation (43%) and competitive pressure (33%) are also understood to be at the highest levels since the survey began in 2021.
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