The GMI Research adds new research on the Fleet Management market, a detailed analysis of this business space, including the emerging market trends, competitive landscape, and market size. The report covers various parameters among different segment analysis, the regional growth landscape, and an in-depth study of the industry’s competitive scenario.

Leading Players of the Fleet Management market:

The major players in the market include ARI Fleet Management Company, Trimble Inc., MiX Telematics, Inseego Corp., Teletrac Navman US Ltd, Geotab Inc., Donlen, Omnitracs, Verizon, and Wheels, Inc., among others.

Key Drivers of the Fleet Management market:

The global fleet management market is projected to experience an upsurge in demand over the forecast period due to the growing penetration of wireless technology in fleet management due to its numerous advantages offered, such as large-area coverage, fast response & access among others, and the rising implementation of big data analytics and cloud computing solutions. Additionally, various technological advancements, including the use of artificial intelligence, IoT, and data analytics and the rising adoption of fleet management systems in electric vehicles and medium & heavy commercial vehicles, are some other factors that are responsible for the growth of the fleet management market size during the forecast period.

The fleet management system provides numerous remarkable advantages such as decreases the risk associated with the vehicle, improves efficiency, boosts productivity, ensures compliance with legislation, reduces the fuel costs, and enhances customer satisfaction. Furthermore, the increasing concerns related to the fleet safety, stringent government mandates for the development of new revenue streams for the vendors, and the downward trend in the cost of hardware and IoT connectivity will further accelerate the market’s demand. In addition to this, the increasing concerns of the fleet owners for the efficiency of operations and various initiatives of the green fleet in order to reduce the effect on the environment and decrease pollution are some other factors that will surge the demand of the global fleet management market. On the other edge of the spectrum, the increasing incidences of cyber threats and challenges related to the safety of the driver, are likely to hamper the market’s demand.

Market Segmentation of the Fleet Management market:

This report focuses on the Fleet Management market status, forecast, growth opportunities, key development, and the leading players in the market. The main aim of the study is to present the trends and developments in North America, Europe, Asia Pacific, and RoW.

Segment 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
Segment by Deployment Type:

Cloud
On-Premises
Segment by Fleet Type:

Passenger Cars
o Electric Vehicles

o Internal Combustion Engine

Commercial Fleets
o Light Commercial Vehicles

o Medium & Heavy Commercial Vehicles

Segment 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

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