Fleet Management Market Demand Will Increase to 2023 Evaluated By Global Top Players Like ARI Fleet Management, Azuga,, Chevin Fleet Solutions, Ctrack, Donlen Corporation, Geotab, Geotab and Others.
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The Global Fleet Management Market size is expected to grow from US$ 15.9 Billion in 2018 to US$ 31.5 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 14.7% during the forecast period. This report spread across 154 pages, profiling 15 companies and supported with 94 tables and 34 figures is now available in this research.
“Among the Solutions Segment, the fleet analytics and reporting provider segment to grow at the highest CAGR during the forecast period”
Under the Solutions segment, the fleet analytics and reporting is expected to grow at a higher growth rate during the forecast period. The fleet analytics and reporting solution assists fleet companies in making smarter decisions by unlocking the business value of information hidden within massive amounts of fleet data. Reporting helps in identifying the fleets with greater maintenance needs by providing intelligence on carbon emissions, vehicle statistics, fuel transactions, and previous maintenance records.
“Among the Services Segment, the professional services segment is expected to dominate the market during the forecast period”
Under the services segment, the professional services segment is expected to hold a larger market size during the forecast period, due to the demand for implementing solutions, integration of new technologies, and complexity of infrastructures. For these reasons, many businesses are offering professional services to their customers.
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“Among Regions, North America to hold the largest market share during the forecast period”
North America is estimated to hold the largest market size in 2018, due to the early adoption of fleet management solutions by fleet businesses across the region. The government regulations, such as ELD mandates, have proven to be a major factor driving the growth of the fleet management market in the region.
Breakdown of primary participants’ profile:
• By Company: Tier 1 – 35%, Tier 2 – 40%, and Tier 3 – 25%
• By Designation: C-Level – 30%, Director Level – 35%, Managers–35%
• By Region: North America – 40%, Europe – 30%, APAC – 20%, and RoW–10%
• To analyze opportunities in the market for stakeholders and provide the competitive landscape of the market
• To forecast the revenue of the market’s segments with respect to 4 major regions, namely, North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA).
• To define, describe, and forecast the global fleet management market by component (solutions [software and appliances] and services), deployment type (on-premises and cloud), service (professional services and managed services), and region.
• To provide detailed information about the major factors, such as drivers, restraints, opportunities, and challenges, influencing the growth of the market
• To analyze the market’s subsegments with respect to individual growth trends, prospects, and contributions to the total market
• To profile key players and comprehensively analyze their recent developments and positioning in the fleet management market
• To analyze the competitive developments, such as mergers and acquisitions, new product developments, and R&D activities, in the market
Competitive Landscape of Fleet Management Market:
Competitive Leadership Mapping
Ranking of Key Players for the Fleet Management Market, 2018
Competitive Leadership Mapping (Startup)
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Top Companies profiled in the Fleet Management Market include are ARI Fleet Management (US), Azuga (US), Chevin Fleet Solutions (Australia), Ctrack (US), Donlen Corporation (US), Geotab (Canada), GPS Insight (US), Masternaut (UK), MiX Telematics (South Africa), Nextraq (US), Teletrac Navman (US), Trimble (US), Verizon Connect (US), Wheels, Inc (US), Fleetroot (UAE).
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