Overview

Fleet Management Market is predicted to value over USD 30.5 billion by 2027 end and grow at a CAGR of over 13% during the forecast period 2020 to 2027.

Fleet management (FM) is a system widely employed to find solutions for various vehicle-related applications. Fleet management solution is a vehicle-based system, helps organisations in managing database, considerably similar to GPS but also used to track, schedule and register customer feedback. It offers the organisation to function more efficiently.

Increase in wireless connectivity, technological advancements along with the need for cost and fuel efficiency along with high performance, as well as excellent usability, fuels the growth for fleet management systems.

Key Market Players are
ARI Fleet Management (US), Azuga (US), Chevin Fleet Solutions (Australia), Ctrack (US), Donlen Corporation (US), Geotab (Canada).

North America and Europe are two important revenue pockets expected to dominate the growth trajectory of the global market. Asia Pacific has been estimated to emerge as the fastest growing region in the global fleet management market. The developmental opportunities of China and India are expected to aid the growth of the market in the upcoming years.

Fleet Management Market Segmentation:
By Service

Professional
Managed

By Solution

Operations Management
Vehicle Maintenance and Diagnostics
Performance Management Fleet Analytics
Reporting

By Deployment Type

Cloud
On-Premises
Fleet Type
Passenger Cars
Commercial Fleets
Electric Vehicles

By Region

Europe
North America
APAC
Latin America
Rest of World

Competitive Landscape:

Tier 1 players- established companies in the market with a major market share
Tier 2 players
Emerging players which are growing rapidly
New Entrants

FutureWise Takeaways

Growth prospects
SWOT analysis
Key trends
Key data points affecting market growth

Objectives of the Study:

To provide an exhaustive analysis on the global fleet management market by service, by solution, by deployment type and by region
To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
To evaluate and forecast micro-markets and the overall market
To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East.
To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
Profiling of companies to evaluate their market shares, strategies, financials and core competencies