Fleet Management Market Research Report

 

The GMI Research's latest analysis reveals that the Fleet Management Market is slated to register a significant CAGR over the forecast period. This is attributed to the growing penetration of wireless technology in fleet management due to its several benefits, such as fast response & access, among others, and rise in the launch of big data analysis and cloud computing solutions.

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Fleet Management Market’s leading Manufacturers:

·        Geotab Inc.

·        Donlen

·        ARI Fleet Management Company

·        Inseego Corp.

·        Teletrac Navman US Ltd

·        Omnitracs

·        Verizon

·        Trimble Inc.

·        MiX Telematics

·        Wheels, Inc.

Fleet Management Market Dynamics (including market size, share, trends, growth, forecast, and industry analysis)

Key Drivers

The growing penetration of wireless technology in fleet management due to its several benefits, such as fast response & access, large-area coverage, and rise in the launch of big data analysis and cloud computing solutions are the key drivers of the growth of the global fleet management market size. As per the fleet management market report, various technological advancements, including the usage of IoT, artificial intelligence, and data analytics and the strong adoption of fleet management systems in electric vehicles and medium & heavy commercial vehicles, will further surge the growth of the fleet management market over the coming years.

Fleet management provides several remarkable benefits like improving efficiency, decreasing the risk related to the vehicle, minimizing fuel costs, better productivity, improving customer satisfaction, and ensuring compliance with legislation. According to the fleet management market research, the strict government mandates for the development of new revenue streams for the vendors, the increasing concerns regarding fleet safety, and the downward trend in the cost of hardware and IoT connectivity will lead to an upsurge in the deployment of the fleet management system. The growing concerns of the fleet owners on the efficiency of operations and numerous initiatives of the green fleet to reduce the effect on the environment and decrease the pollution will further stimulate the growth of the fleet management market. On the other hand, the increasing cases of cyber threats and challenges regarding the safety of the driver will hinder the growth of the market.

Fleet Type Segment Drivers

Based on the fleet type, the passenger cars segment is projected to rise at a faster CAGR over the coming years due to the strong adoption of electric vehicles, which is growing the implementation of the fleet management system. The rising aim of the government to decrease carbon emissions, increasing focus on reducing the fleet costs, and benefits of utilizing fleet management in electric vehicles like EV diagnostics, optimization of electric range from fuel efficiency, and others will further augment the market growth.

Fleet Management Market Segmentation:

Segmentation by Component:

·        Solutions

o   Operations Management

§  Routing & Scheduling

§  Fleet Tracking & Geofencing

o   Performance Management

§  Fuel Management

§  Driver Management

o   Vehicle Maintenance & Diagnostics

o   Fleet analytics & Reporting

o   Others

·        Services

o   Managed Services

o   Professional Services

§  Consulting

§  Implementation

§  Support & Maintenance

Segmentation by Deployment Type:

·        Cloud

·        On-Premises

Segmentation by Fleet Type:

·        Passenger Cars

o   Electric Vehicles

o   Internal Combustion Engine

·        Commercial Fleets

o   Light Commercial Vehicles

o   Medium & Heavy Commercial Vehicles

Segmentation by Region:

·        North America

o   United States of America

o   Canada

·        Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·        Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·        RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is one of the leading market research and consulting company that offers consulting services, syndicated research reports, and customized market research reports. We help our client to make informed business decisions and provide market intelligence studies related to the various industries such as automotive, energy, healthcare, chemicals, technology, and other sectors. Our research teams include seasoned analysts and researchers have hands-on experience in every regions, including Asia-pacific, Europe, North America, and the Rest of the World. Our market research report provides in-depth analysis, which contains refined forecasts, a bird's eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.

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