Fleet Management Market Forecast and Trends Analysis Research Report 2020-2027

The GMI Research forecasts that the fleet management market is witnessing an upsurge in demand during the forecast period. This is mainly due to the growing penetration of wireless technology in fleet management due to its several advantages such as fast response & access, large-area coverage, among others, and the rising introduction of cloud computing solutions and big data analytics.

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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, forecast, growth, forecast, and industry analysis)

Key Drivers

The growing penetration of wireless technology in fleet management due to its several advantages such as fast response & access, large-area coverage, among others, and the rising introduction of cloud computing solutions and big data analytics are the factors contributing to the growth of the global fleet management market size. Moreover, various technological advancements, including IoT, data analytics, and the usage of artificial intelligence, and the growing adoption of fleet management in electric vehicles and medium & heavy commercial vehicles, will further surge the growth of the fleet management market share in terms of revenue in the upcoming years.

As per fleet management market researchvarious remarkable benefits are provided by the fleet management system, including better efficiency, decreases the risk regarding the vehicle, improves customer satisfaction, decreases the fuel costs, surges productivity, and ensures compliance with legislation.  According to fleet management market report, strict government mandates for the development of new revenue streams for the vendors, a sharp fall in the prices of hardware and IoT connectivity, and the increasing concerns regarding fleet safety are some other factors fuelling the deployment of the fleet management system. Numerous initiatives of the green fleet to reduce the effect on the environment and decrease pollution and the growing concerns of the fleet owners on the efficiency of operations will further bolster the growth of the fleet management market. On the other hand, the increased cases of cyber threats and problems regarding the safety of the driver will hamper 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 a market research and consulting company that provides syndicated research reports, consulting services, and customized market research reports. Our reports are based on market intelligence studies to ensure relevant and fact-based research across numerous sectors, including healthcare, automotive, information technology & communication, FMCG, and other industries. GMI Research’s deep understanding related to the business environment helps us in generating objective strategic insights. Our research teams consisting of seasoned analysts and researchers have hands-on experience in various regions, including Asia-pacific, Europe, North America, and the Rest of the World. The market research report offers 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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