Fleet Management System Market Report Size & Share 2020 | Global Industry, Covid-19 Impact Analysis, Growth, Trends and Forecast Till 2025

According to the latest report by IMARC Group, titled "Fleet Management System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025," the global fleet management system market size experienced healthy growth during 2014-2019. A fleet management system refers to a software or a collection of various applications that performs functions such as fuel management, driver and tachograph management, vehicle maintenance, tracking and diagnostic, and health and safety management. It assists organizations in reducing costs, improving efficiency, minimizing associated risks, enhancing productivity and ensuring compliance with legislation. Moreover, it utilizes communication technologies, such as the Global Navigation Satellite System (GNSS) and cellular system, to avoid collisions.

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Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being AT&T Inc., Geotab, I.D. Systems, IBM Corporation, Inseego Corporation, Mix Telematics Ltd., Omnitracs LLC, TomTom N.V., Trimble Inc., Verizon Communications, Wheels Inc., etc.

Global Market Trends:
The increasing international trade of goods and services represents one of the key factors propelling the fleet management system market growth. Apart from this, the integration of wireless technologies, cloud-based software and data analytics with the fleet management system, is also contributing to the growth of the market. This system finds extensive applications in the automotive, oil and gas, chemical, mining, construction, logistics, and energy and utility industries, which is acting as another major growth-inducing factor. This, in confluence with the emerging trend of smart transport systems, is expected to drive the market in the coming years.

Breakup by Component:
Solutions
Fleet Telematics
Driver Information Management
Vehicle Maintenance
Safety and Compliance Management
Others
Services
Installation and Integration Services
After-Sales Support Services
Consulting Services

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Breakup by Vehicle Type:
Commercial Vehicles
Passenger Cars
Aircrafts
Watercrafts

Breakup by End-Use Sector:
Automotive
Energy & Utilities
Manufacturing
Retail
Transportation and Logistics
Construction
Others

Breakup by Technology:
GNSS
Cellular Systems

Breakup by Deployment Type:
Cloud-based
On-premises
Hybrid

Breakup by Region:
North America
Asia Pacific
Europe
Latin America
Middle East and Africa

Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally--our estimates about the latest market trends and forecast values after considering the impact of this pandemic.

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