Global Fleet Management Software Market Analysis to 2027 Lead By TomTom N.V., AT&T, Element Fleet Management, Fleetmatics Group, Freeway Fleet Systems, I.D. Systems, IBM, Magellan Navigation, MiTAC International, Wheels
Some of the leading players in global market: TomTom N.V., AT&T Inc., Element Fleet Management Corp., Fleetmatics Group PLC, Freeway Fleet Systems, I.D. Systems, Inc., IBM Corporation, Magellan Navigation, Inc., MiTAC International Corporation, Wheels, Inc.
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Fleet Management is a method which enables organizations to organize and coordinate the vehicles used by the businesses to reduce costs, enhance efficiency and provide compliance with regulations. Fleet management is commonly used by couriers, utilities, oil & gas delivery, repair as well as service industry businesses to ensure vehicle safety and use and allow real-time tracking. Usually, fleet management is linked with delivery cars and trucks, however other industries such as shipping utilizes fleet management technology as well. Fleet management software is the software installed for tracking the vehicles.
The fleet management software market is noticing high demand owing to increasing adoption of analytics related to fleet management from several diverse industries. These industries spend considerable share of their operational costs on transportation. Effectiveness of the fleet management solutions enables in reducing the operational cost by the activities including, driver management, vehicle monitoring and operations management. The adoption of fleet management solutions by these industries for lowering operation costs is anticipated to fuel the fleet management software market growth.
The report aims to provide an overview of the fleet management software market with detailed market segmentation by deployment model, solution, industry and geography. The global fleet management software market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading fleet management software market players and offers key trends and opportunities in the market.
The global fleet management software market is segmented based on deployment model, solution and industry. Based on the deployment model, the market is segmented into on premise, cloud and hybrid. The solution segment of the fleet management software market is classified into asset management, information management, driver management, safety and compliance management, risk management, operations management and other. Further, the industry segment is categorized into transportation, construction, manufacturing, retail, government and others. The report analyzes factors affecting the fleet management software market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities and future trend.
The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and SAM after evaluating political, economic, social and technological factors affecting the Fleet Management Software market in these regions. The reports cover key developments in the fleet management software market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the fleet management software market are anticipated to lucrative growth opportunities in the future with the rising demand for fleet management software in the global market. Below mentioned is the list of few companies engaged in the fleet management software market.
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