Fleet management is one of those crucial aspects of business that requires operational competency to manage and track daily activities easily. Efficiently managing a complex system of vehicles that keeps increasing every week requires an exponentially viable and seamless management system.
A fleet management software can digitize your fleet operations while simultaneously allowing you to automate route optimization, tracking consignments, bookkeeping, communication, etc. This article will help you get a clear idea of the fleet management software cost and the factors affecting the same.
The demand for fleet management software has increased with the expansion of international land and sea trade routes. On average, a simple fleet management software would cost around $7,000 to $ 35,000, depending on the overall software complexity, feature list, location as well as hourly rates of developers.
However big or small the enterprise is, investing in fleet management software is essential to manage the business’s bottom line and the safety of the drivers and the fleet. A customized fleet management system can help you keep track of every aspect of your fleet. Furthermore, it can notify you of imminent issues and help resolve them before they become exorbitantly costly.
A Valuable Insight Into the Fleet Management Software Cost
The overall cost of developing fleet management software depends on the complexity of the software, the feature list, the technology stack used for the development process, the development team’s location, the developers’ hourly rates, team size, etc.
With so many factors affecting the overall cost of the process, the easiest way to get a precise estimate of the cost is to contact a reliable software development company specializing in fleet management software development as for custom software solution.
On average, the cost of a simple fleet management system can vary between $7,000 to $20,000. The software in this category will include features like a simple admin and driver dashboard, fleet and fuel tracking, and route optimization.
On the other hand, the overall cost of developing a medium complex fleet software can vary between $15,000 to $25,000. The features of such software categories will be an interactive dashboard for drivers and admin, dispatch management, accident management, geofencing, etc.
The third-tier fleet management software will include every feature, from the most basic to the most complex. The development cost for such software can vary between $20,000 to $35,000. The extensive feature list will include effective real-time reports, compliance management, vehicle management and maintenance, accident protection, etc.
| Software Type | Estimated Cost | Timeframe |
|---|---|---|
| Simple | $7,000 to $20,000 | 2 to 3 months |
| Medium Complex | $15,000 to $25,000 | 3 to 6 months |
| Complex | $20,000 to $35,000 | Up to 9 months |
Some Hidden Costs Associated with the Fleet Management Software Development
There are several hidden costs associated with the development process. Understanding them while taking appropriate measures can help you reduce their overall impacts and underlying costs.
Quality Assurance
Depending on the platform chosen for the software development, the testing and quality assurance costs might sneak up. For instance, if your software requires stringent testing techniques and protocols, your overall development budget can increase.
IT Costs
These are the costs that pile up when the app or the software requires an update or bug fixing. In addition to these, maintaining the APIs or integrating third-party APIs can also increase the impending cost.
Security
Another factor that can affect the cost of fleet management software is adhering to security constraints. Since the software is required to be installed for multiple devices and will collect personal data from the drivers, security protocols have to be put into place to avoid malware and theft.
Few best industry practices and tricks can help enterprises reduce the overall cost of fleet management software. For example, opting to build an MVP first can help you understand how the software can help you streamline processes. After calculating the overall benefits, you can then opt for a complete software development process. On average, the cost of MVP development can vary between $12,000 to $16,000.
