FleetDomain, part of the Argility Technology Group (ATG), reveals significant growth of the business during the past two years. The company is performing fleet management, maintenance, administration and monitoring of driver behaviour of 25 149 vehicles as at the end of December 2022.
“Over the past four years, FleetDomain has been growing by an approximate 5 000 to 6 000 assets a year,” says Jai Kalyan, Managing Director at Fleet Domain. “This figure reflects both organic growth of current accounts and new business. However, 2022 saw 80% of our growth being new business. Last year we also signed a high-profile corporate enterprise with over 5 000 assets – an exciting addition to our client profile.”
Kalyan attributes the growth and success to various factors including the fact that the FleetDomain software has been designed and managed by a team of fleet professionals with more than 30 years of experience in the industry. This wealth of knowledge and expertise has allowed us to create solutions that are tailored to the unique needs of fleet managers and operators.
“To ensure that our solutions remain current and effective, we keep a close eye on industry trends and legislation. This allows us to adapt our offerings to changing market conditions, providing our customers with the most relevant and up-to-date tools and features. With our deep understanding of the fleet industry and commitment to staying ahead of the curve, customers understand that our proven software solutions have been designed to help them achieve their business goals and stay ahead of the competition."
Kalyan notes market research estimates that the fleet management market will be worth USD 52.50 billion by 2030 at CAGR 10.6%. “So, from a global perspective, this is one of the fastest growing markets in the world and an exciting sector in which to be a dominant SA player. One of the current global trends is around IOT solutions using AI and machine learning to effect predictive maintenance on fleet vehicles. This enables companies to be aware and plan for necessary vehicle maintenance before they break down.”
Kalyan confirms FleetDomain’s order book for 2023 is looking very promising with proposals already being submitted for a total of approximately 8 000 further vehicles.
"Since the onset of the pandemic, there has been a significant increase in interest in fleet management solutions. Industry experts have reported that unmanaged fleets can result in costs that are 10%-15% higher than those with a robust fleet management system in place. As a result, fleet managers are now recognising 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), companies can significantly improve their return on investment (ROI),” adds Kalyan.
He highlights that FleetDomain understands the importance of effective fleet management in today's market. “Our solutions are designed to address the unique challenges facing fleet managers and operators, helping them to optimise their operations through the implementation of solutions aimed at driving success. Whether companies are looking to reduce costs, improve safety or enhance efficiency, our team of experts is here to provide tailored solutions that meet the market needs and exceed expectations,” concludes Kalyan.
Source: IT Web
The Argility Technology Group
The Argility Technology Group is part of the Data and Technology cluster arm of global enterprise, Smollan.
Argility is a leading innovator and implementer of software and data analytics solutions for retailers and brands. Our unsurpassed experience combined with a depth of proprietary software and skills enables us to address the multitude of challenges facing businesses in today’s era of digital transformation.
Our origins trace back over forty years as a major software developer in the retail sector. Decades of long, prosperous customer relationships bear testament to our customer-centric culture, exceptional service, and innovative thinking. From single systems to the digital transformation of an entire organisation - we have the solutions, skills, and experience.
We solve complex business problems by supplying and supporting various customised software solutions including Data Science (Artificial Intelligence); Retail Management Systems; ERP; Warehouse; Fleet; IoT; Proximity Management and more. We strive to be more than a technology/solutions provider by partnering with our customers to become an extension of their business resources.
The Argility Technology Group is comprised of: Argility; Cquential Solutions; Fleet Domain; Skydata Communications and strategic partner, Ashanti AI. All are foremost technology developers and suppliers of enterprise software solutions for the retail, supply chain and fleet industries as well as a comprehensive IoT framework that enables enterprises around the world, to integrate, manage and optimise their growing IoT ecosystems.