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Fleet Management Market

Fleet Management Market Forecasts to 2028 – Global Analysis By Deployment Type (Cloud Technology, Hybrid, On-Premises), Communication Technology (Satellite Navigation, Cellular System) and By Geography

4.7 (83 reviews)
Published: August 2021 ID: SMRC20918
4.7 (83 reviews)
Published: August 2021 ID: SMRC20918

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Fleet Management Market is accounted for $18.98 billion in 2020 and is expected to reach $48.69 billion by 2028 growing at a CAGR of 12.5% during the forecast period. The rise in international trades and Growth in acceptance of wireless technology is driving the market growth. However, Atmospheric intervention causing problems for GPS connectivity is hampering the growth of the market.

Fleet management is a fast, reasonable, simply available, and economical system or method to permit enterprises and industries to keep, track, transform and stabilize their vehicles. The fleet management system creates usage of driver management, vehicle tracking, financing, vehicle diagnostics, etc. to conclude the vehicles.

Based on the fleet type, the passenger cars segment is going to have lucrative growth during the forecast period. Passenger cars are cars with a seating size of equal to six persons, not including the driver. The services comprise, fuel management, maintenance, licensing and compliance, accident claims, and supply chain management for keeping the vehicles well maintained. Fleet management solution assists in establishing, handling, and organizing fleet operations from a centralized information system. It uses connectivity technologies to permit data and information flow amongst fleets and the back-end systems, available by fleet owners and managers.

By geography, North America is going to have high growth during the forecast period. This is attributed to the rise in demand from numerous industrial verticals. In North America, especially in the U.S., constant improvement in big-data analytics in fleet management is subsequent in better choice, flexibility, and cost-saving solutions for fleet management and near the future of mobility. Besides, the growing demand for full-service leasing is considerably fuelling the growth of fleet management companies in the coming years.

Some of the key players profiled in the Fleet Management Market include Cisco Systems, Inc., Digital Matter, Embitel, Fleetmatics Group PLC, Geotab Inc., GoFleet Corporation, GoGPS, GPS Trackit, Gurtam, Linxio, Ruptela, StreetFleet, Teletrac Navman, TigerFleet, TomTom N.V., Trakm8 Limited, Trimble Inc., WebEye Telematics Group, Wireless Links ,Zebra Technologies Corp.

Report Coverage

Details

Published Year:

2021

Estimated Market Size in 2020:

USD 18.98 billion

Estimated Period:

2020

Compound Annual Growth Rate (CAGR) from 2020 to 2028:

12.5%

Predicted 2028 Value:

USD 48.69 billion

Forecast Years:

2021-2028

Tables, Graphs& Figures

288

Chapters Covered:

Component, Deployment Type, Fleet Type, Communication Technology, End User and Region

Core Drivers and Opportunities:

  • Rise in international trades
  • Growth in acceptance of wireless technology
  • Introduction of autonomous fleets to deliver several partnership opportunities

Restraining Factors&Market Threats:

  • Atmospheric intervention causing problems for GPS connectivity


Components Covered:
• Solution
• Services
• Software ( Telematics Software)
• Hardware

Deployment Types Covered:
• Cloud Technology
• Hybrid
• On-Premises   

Fleet Types Covered:
• Commercial Fleet
• Aircraft
• Railway System
• Road Transportation
• Watercraft  

Communication Technology Covered:
• Satellite Navigation
• Cellular System

End Users Covered:
• Automotive
• Government
• Retail
• Transportation & Logistics
• Pharmaceutical
• Oil & Gas
• Banking, Financial Services and Insurance (BFSI)
• Mobility Solution
• Education & Research
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Key Questions Answered In The Report

The Global Fleet Management Market is majorly driven by increasing need for reliable & cost-effective fleet management, and rising demand for cloud based & big data analytics solutions.

The cloud technology segment is growing at a highest CAGR owing to its cost-efficiency and hassle-free integration.

Europe dominated with a significant market share due to the factors such as the increasing funds in corporate vehicle fleets for employees and the rising vehicle leasing business is also assisting the provincial market.

Asia Pacific market is growing at a highest CAGR owing to rise in consciousness about driver safety and accident prevention, and development in transportation and logistics industries.

Key players in Fleet Management Market include Cisco Systems, Inc., Digital Matter, Embitel, Fleetmatics Group PLC, Geotab Inc., GoFleet Corporation, GoGPS, GPS Trackit, Gurtam, Linxio, Ruptela, StreetFleet, TeletracNavman, TigerFleet, TomTom N.V., Trakm8 Limited, Trimble Inc., WebEye Telematics Group, Wireless Links,Zebra Technologies Corp.

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