Press release
Fleet Management Market Outlook to 2027 - Azuga, Chevin Fleet Solutions, Geotab, GPS Insight, Masternaut Limited, MiX Telematics, NexTraq, Omnitracs, Teletrac Navman US, Verizon
Fleet Management is a management of commercial motor vehicles such as cars, vans, trucks, specialist vehicles that allows companies to minimize the risks associated with vehicle investment, improving efficiency, productivity and reducing their overall transportation and staff costs along with vehicle financing maintenance and telematics, driver, speed and fuel management and health and safety management.
The fleet management market is heavily influenced by driving factors such as growth in wireless technology, compulsion of ELD implementation, need of operational competency and increase in international trades are the significant factors that boost the market growth. However, the lack of network infrastructure, the complexity of deployment and high initial capital requirements are impacting negatively on the growth of the market in the current market scenario.
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The reports cover key developments in the Fleet Management 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 way for expansion of business and customer base of market players. The market payers from Fleet Management market are anticipated to lucrative growth opportunities in the future with the rising demand for Fleet Management market in the global market.
Key Players Influencing the Market
• Azuga
• Chevin Fleet Solutions
• Geotab Inc.
• GPS Insight
• Masternaut Limited
• MiX Telematics
• NexTraq, LLC
• Omnitracs
• Teletrac Navman US Ltd
• Verizon
The report titled “Fleet Management Market -Forecast to 2027″ is a direct appreciation by The Insight Partners of the market potential of the Fleet Management Market. The report intends to provide accurate and meaningful insights, both quantitative as well as qualitative. It can be said with high confidence level, that this report will satisfy the need for comprehensive insights needed to compete and beat other players in today’s winner takes all market! Considering all these factors The Global Fleet Management Market
The global fleet management market is segmented on the basis of type of solution, deployment, services, vehicle type, communication technology and end user. Based on solution type the market is segmented as operation management, asset management and driver management. Based on deployment the market is segmented as cloud, on-premise and hybrid. On the basis of the service the market is segmented as professional, integration and deployment and managed services. Based on the vehicle type the market is segmented as heavy commercial, light commercial, aircraft, railway and watercraft. Based on the communication Technology the market is segmented as GNSS and cellular system. On the basis of industry the market is segmented as retail, government, transportation and logistics and automotive.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Fleet Management market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Fleet Management market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of eighteen countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the Fleet Management 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 South America after evaluating political, economic, social and technological factors affecting the Fleet Management market in these regions.
Answers that the report acknowledges:
• Market size and growth rate during forecast period.
• Key factors driving the Fleet Management Market.
• Key market trends cracking up the growth of the Fleet Management Market.
• Challenges to market growth.
• Key vendors of Fleet Management Market.
• Detailed SWOT analysis.
• Opportunities and threats faces by the existing vendors in Global Fleet Management Market.
• Trending factors influencing the market in the geographical regions.
• Strategic initiatives focusing the leading vendors.
• PEST analysis of the market in the five major regions.
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