Press release
Fleet Management Market Expected to Reach $34,629 Million, Globally, by 2022
Fleet Management
Fleet Management Market Report, published by Allied Market Research, forecasts that the global fleet management market size was $7,755 million in 2015, and is expected to reach $34,629 million by 2022. The cellular system segment is expected to dominate the market from 2016 to 2022. Asia-Pacific fleet management industry accounted for 40% of the market share in 2014, and is expected to show highest growth rate during the forecast period.
Access full summary at: https://www.alliedmarketresearch.com/fleet-management-market
End users across the globe invest into fleet management activities to enhance various features of vehicle management solutions and to increase operational competency. Furthermore, rapid urbanization and increase in safety concerns have driven the market growth. However, cost sensitivity among local businesses hinders the growth of the global fleet management market.
By vehicle type, the railway segment dominated the fleet management industry with around 26% market share in 2014. The aircraft segment is projected to grow at the highest CAGR of 26.3% during the forecast period. Based on the communication technology, the market is categorized into global navigation satellite system (GNSS) and cellular system. The cellular system generated around 62% of total market revenue, whereas GNSS segment is projected to grow at the highest CAGR during the forecast period.
Among included industries, transportation & logistics segment accounted for 26% of the total market revenue, and is anticipated to grow at the highest CAGR of 26.2%. Government fleet management market is expected to register second highest growth rate during the forecast period. This is attributed to the fact that government organizations use outdated systems & services in fleet management, but have the potential to replace them with modern and automated systems. Key market players in the industry are either joining forces or acquiring other companies to strengthen their market position. These players introduce novel products and services to cater to the rising demand for efficient and productive fleet management. For example, in December 2016, Uber Technologies, Inc. launched a fleet app UberFLEET in India, which aimed to improve the productivity for the fleet owners by reducing the process downtime and efficient driver management.
Enquire more about report at: https://www.alliedmarketresearch.com/request-free-sample/753
Key Findings of the Fleet Management Market:
• Among components, the solution segment led the overall fleet management market, in terms of revenue, and is projected to grow at a CAGR of 23.5% during the forecast period.
• Global fleet management market size is expected to reach $34,629 million by 2022 at a significant CAGR during the forecast period.
• The railway fleet management segment dominated the market in 2014, and is projected to grow at the highest CAGR.
• Cellular system segment generated the maximum revenue in 2014, and is anticipated to grow at a CAGR of 23.9%.
• Among industries, the transportation & logistics segment generated the highest revenue, and is projected to continue its dominance.
• In 2014, Asia-Pacific was the dominant region, and is expected to grow at the fastest CAGR, with China leading the market.
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions". AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Contact Us:
5933 NE Win Sivers Drive,
#205, Portland, OR 97220,
United States.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Fleet Management Market Expected to Reach $34,629 Million, Globally, by 2022 here
News-ID: 446411 • Views: …
More Releases from Allied Market Research
Food Flavors Market Eyeing Bigger Moves | Hit USD 19.22 Billion by 2030
The flavor is the combination of taste, aroma, smell, in addition to temperature, texture, or 'mouthfeel'. It is not only the appearance of food that matters, but additionally its flavor. Ultimately, the quality of the meals and their acceptability are determined by its flavor. Spices, essential oils, fruit juices, and different herbal flavoring substances were used in foods products for a long time. However, due to limited availability and rising…
A Comprehensive Guide to Wood Coatings Market: Applications, Size, Share, Growth …
The global wood coatings market was pegged at $7.80 billion in 2018 and is projected to reach $11.98 billion by 2025, registering a CAGR of 6.3% from 2020 to 2025.
According to the report, the Wood Coatings Market by Resin Type (Polyurethane, Nitrocellulose, Acrylic, Unsaturated Polyester, and Others), Technology (Waterborne, Conventional Solid Solvent Borne, High Solid Solvent Borne, Powder Coating, Radiation Cured, and Others), and End Use (Furniture, Joinery, Flooring, and Others):…
Healthcare Analytics Market Reach USD 96.90 Billion by 2030, Top Factors Driving …
Allied Market Research published a new report, titled, " The Healthcare Analytics Market Reach USD 96.90 Billion by 2030, Top Factors Driving Market Growth Worldwide." The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry…
Data Center Market Expected to Reach USD 517.17 Billion by 2030, Key Factors beh …
According to the report published by Allied Market Research, The Data Center Market Expected to Reach USD 517.17 Billion by 2030, Key Factors behind Market's Exponential Growth. The report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers valuable able guidance to leading players, investors, shareholders, and startups in devising strategies for sustainable growth and gaining a competitive edge…
More Releases for CAGR
Cat Litter Box Market | CAGR of 9.1% | Revenue & CAGR of 9.1%
Cat Litter Box Market Report provides precise data about the market size, commercialization aspects and revenue forecast of the industry. The global Cat Litter Box market offers a historical factsheet relevant to the strategic mergers, acquirements, joint venture activities, and partnerships spread in the Cat Litter Box market. The most advanced data has been presented in the study on the revenue numbers, product details, and sales of the major firms.…
Predictive Analytics Market Growing at Strong CAGR of CAGR of 25.31% 2019
Predictive analytics helps to extract information from the existing data. It helps in understanding the pattern and predict the trend or future for the organization. It uses what-if scenarios to predict possible risks involved in the future. Predictive analytics also helps in the optimization of the marketing campaigns and understanding of the customer behaviour for increasing the end-user response and to reduce the churn.
Predictive analytics is segmented into:
Risk management:…
Global Absorption Chillers Market Reflecting a CAGR of 7.6% CAGR through 2025
The demand for thermally-driven chillers in multiple industrial verticals is poised to grow in the immediate future. Considering the rising demand for electrical chillers in commercial, residential as well as industrial settings, the adoption of absorption chillers will gain traction at considerable rate. By consuming lesser energy than conventional electrical chillers, absorption chillers will also garner surplus demand for not using ozone-depleting chlorofluorocarbons (CFC) for chilling purposes. Persistence Market Research’s…
Aircraft Sensors Market Growing at a CAGR of 6.4% CAGR By 2022
The global aircraft sensors market is forecasted to receive a strong push in its growth momentum on the back of advancements in technologies, massive investments forwarded by private equity groups, and the elevation in the demand for aircraft. Adherence to the requirements and regulations of authorities such as local aircraft regulatory bodies and the Federal Aviation Administration (FAA) could pamper the growth of the market. Nonetheless, there could be more…
China Baby Diapers Market Reflecting a CAGR of 19.1% CAGR 2012-2017
The increasing birth rate in China has proven to be a boon for the country’s baby diaper’s market. To provide a comprehensive analysis of the growth trajectory exhibited by the China baby diapers market and study the impact of the dynamic regulatory policies on the market, Transparency Market Research (TMR) has published a report, titled “Baby Diapers Market - China Industry Analysis, Market Size, Share, Growth, Trends And Forecast, 2012…
Ecg Device Market Register a CAGR Growth of 4.1% CAGR by 2024
This region holds highest market share over the forecast period (2016-2024) and is expected to exhibit slow growth rate. The Asia Pacific is expected to be the fastest-growing region for ECG devices owing to its increasing incidence rate of cardiovascular diseases and high population.
ECG devices are experiencing a paradigm technological shift from resting ECG systems to portable Holter monitoring systems, owing to their advantages of patient mobility, low prices and…
