Fleet Management Market Highlight
A recently released new research by Market Research Future predicts that the global Fleet management market size will be fueling up during the forecast period 2016-2023, at a CAGR of 22%, and would gain more valuation as well.
Key Market Trends
The Fleet management report has focused on many vital processes in managing vehicle fleet in an organization. Fleet management stereotypically embraces vehicles such as cars and trucks, commercial and freight aircraft, corporate fleets, buses and trams, and container ships as well. Fleet management is also predominantly being used in various sectors such as chemicals, mining, oil and gas, retail and logistics, waste management construction, public and private transport, utilities, and service sectors.
The fleet management market is mainly driven by the constant surge in demand for logistics and transport. The factors of the growth of the market are the inconsistent connectivity issues, fuel costs, demand to meet pollution targets and operational efficiency. With fleet management, organizations have the possibility for better access to plan maintenance of vehicles, enhanced proper routing of fleets and driver safety that can together ultimately lead to effective operations of the fleet.
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Adding to more, it has been observed that vehicle connectivity and smart transportation are progressively helping organizations with safety operations of the fleets, which is surging the demand for the same and thus, influencing the market at a higher rate. On the other hand, Fleet management also helps in higher efficiency, consistent performances, and ultimately reduced costs, which are yet other factors influencing the market in the foreseeable years.
Market Key Players
The list of the key players operating in the global fleet management market are
Verizon Telematics Inc. (U.S.)
Fleetmatics Group PLC (U.S.)
I.D. Systems, Inc. (U.S)
Zonar Systems, Inc. (U.S.)
Trimble Inc. (U.S), and Cisco Systems, Inc. (U.S.).
The segmental analysis of the global fleet management market is done by deployment type, management, and Connectivity type.
In terms of deployment type: The market includes cloud, on-premises, and hybrid.
In terms of management type: The market includes asset management, driver management, and operation management.
In terms of connectivity Type: The market includes satellite navigation and cellular system.
By services managed services type: The market includes integration and deployment services, and professional services.
The global fleet management market, regionally, has been studied among the key regions of North America, Europe, Asia Pacific, and the Rest of the World (RoW).
Among these, the North American and Europe region can lead the market owing to stringent norms on vehicle emissions and huge innovations being done in the fleet management technology deployment.
The Asia-Pacific region can also be the fastest-growing region with an array of opportunities in countries such as China and India. The large scale adoption of web and mobile-based business services in these regions is the key driver for the market in the region. With this, countries such as China and India are prognosticated to accelerate the growth of the market in the upcoming years. Besides, the region has been perceiving the prevalent adoption of web and mobile-based business services, which is mostly responsible for motivating the expansion of the fleet management market in the forecast period.
Table Of Content
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.2 Research Objective
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4 Global Fleet Management Market, By Deployment Type
4.2 Cloud Technology
4.3 On Premises
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List Of Tables
Table 1 Global Fleet Managementmarket, By Type
Table 2 Global Fleet Managementmarket, By Deployment Type
Table 3 Global Fleet Managementmarket, By Application
Table 4 Global Fleet Management Company Market, By Regions
Table 5 North America Software For Fleet Management Market, By Type
Table 6 North America Fleet Management Industry, By Deployment Type
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