Fleet Management Software Market In Depth Analysis By Total Revenue And Industry Growth Rate Forecast Till 2025
The Global Fleet Management Software Market is anticipated to gain impetus from the increasing focus on fleet effectiveness. According to a published report by Fortune Business Insights,the global market was valued at US$ US$ 14,047.6 Mn in 2018 and is estimated to reach US$ 46,584.7 Mn by 2026. In addition to this, the global fleet management software market is projected to expand at an impressive CAGR of 16.52% throughout the forecast period.Top Key Players Mentioned:
Verizon
Geotab
Trimble
GPS Insight
Omnitracs
Mix Telematics
Fleet Complete
Autotrac
NexTraq
Global Track
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In February 2019, Omnitracs, a software company headquartered in Texas, U.S., announced the launch of MilesAhead Drive, Command, and Resolve solution. It will help in the simplification of exhaustive and daily job tasks that the fleet drivers are assigned with. The drivers would be able to smoothly access detailed information about specific routes as well as view the data of associated job tasks. In April 2019, Trimble Inc., a renowned California-based developer of unmanned aerial vehicles, receivers, software processing tools, etc., declared that it has teamed up with Cobalt, an IT asset life cycle management firm based in Ohio, to offer Trimble’s fleet mobility clients with the ability to dispose of the old onboard equipment in an environment-friendly manner.
Fleet Management Software Market Segmentation:
By Component
By Fleet Type
By Deployment
By Geography
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"Prominent Software Companies Focus on Strategic Collaborations to Propel the Market"
The global market is persistently growing due to the increasing usage of electronic logging device, increase in cloud-based fleet management solutions, increasing demand of real-time tracking service, and government regulations.
The increase in the international trade and requirement of operational skills are currently accelerating the growth of global fleet management software market. However, factors such as, compulsory merging of electronic logging devices and usage of wireless technology have also contributed to the market growth.
"Adoption of Technologically Advanced Software is Likely to Favor Growth in Asia Pacific"
The global fleet management software market is divided into Latin America, Asia Pacific, North America, the Middle East and Africa, and Europe. Amongst these, North America had procured a revenue US$ 4546.3Mn in 2018. The region is projected to remain dominant in the global market during the forecast period, especially in the cloud-based segment. This is likely to occur because of the existence of strong and renowned market players that are present across the U.S. These players have been regularly conducting research and development activities and have also been executing fleet management software tools in numerous private and public companies. Asia Pacific, on the other hand, had obtained a revenue of US$ 2861.9 Mn in 2018. The region is anticipated to witness growth during the forecast period due to the investments in small and medium organizations. The investments will in turn, increase the adoption of cloud-based fleet management software that are technologically advanced. In Asia Pacific, developing countries like India and China are anticipated to gain a considerable portion of the global fleet management software market in the coming years.
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Major Table of Contents:
Introduction
Research Scope
Market Segmentation
Research Methodology and Assumptions
Executive Summary
Market Dynamics
Drivers, Restraints and Opportunities
Emerging Trends of Market
Key Insights
Macro and Micro Economic Factors
Key Technological Developments
Industry SWOT Analysis
Global Fleet Management Software Market Analysis, Insights and Forecast, 2015-2026
Key Findings / Summary
Market Sizing Estimations and Forecasts – By Component (US$ Mn)
Solutions
Operations Management
Fleet Tracking and Geofencing
Routing and Scheduling
Vehicle Maintenance and Diagnostics
Performance Management
Driver Management
Fuel Management
Fleet Analytics and Reporting
Others
Services
Professional Services
Consulting
Training and Education
Support and Maintenance
Managed Services
Market Sizing Estimations and Forecasts – By Fleet Type (US$ Mn)
Commercial Fleet
Passenger Cars
Market Sizing Estimations and Forecasts – By Deployment (US$ Mn)
Cloud
On-Premises
Market Analysis, Insights and Forecast – By Geography (US$ Mn)
North America
Europe
Asia Pacific
Middle East and Africa
Latin America
North America Fleet Management Software Market Analysis, Insights and Forecast, 2015-2026
Key Findings / Summary
Market Sizing Estimations and Forecasts – By Component (US$ Mn)
TOC Continued…!
Contact:
Name: Ashwin Arora
Email: sales@fortunebusinessinsights.com
Phone: US +1 424 253 0390 / UK +44 2071 939123 / APAC: +91 744 740 1245
About Us:
Fortune Business Insights offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
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