Press release
Fleet Management Market : Top Players – ARI Fleet Management Company, Astrata Europe BV, Automile Inc., Azuga, Inc., Bestmile SA, ClearpathGPS, Inc., Donlen Corporation, Element-Arval Global Alliance, Garmin Ltd., Geotab, Inc., GPS Insights, ID Systems,
Fleet Management Market
With the rising demand to improve operational efficiency in the logistics and transportation industry, the global fleet management industry size is expected to surpass USD 55 billion by 2026.
While focusing on real-time tracking of fleet operations, the market players are also aspiring to decrease operational costs by fleet operators, fueling the market demand. The benefits of fleet management solutions including its advanced capabilities, allowing companies to monitor overall fleet operations, and giving remote access of expansive fleet data to fleet managers to take vital decisions to facilitate cost benefits, are expected to work in the favor of market penetration.
Request sample copy of this report @ https://www.gminsights.com/request-sample/detail/3598
Companies are concentrating on strategic collaborations with automotive enterprises while continuously developing innovative fleet management solutions. For instance, ClearPathGPS, Inc., launched an integrated dashboard camera for improved fleet tracking in October 2019, which helped the company to deliver enhanced fleet management capabilities to fleet operators.
Moreover, the government initiatives and regulations that are followed by new product developments are supporting businesses to implement advanced fleet solutions, further boosting the industry growth.
Request for customization @ https://www.gminsights.com/roc/3598
What factors will fuel the demand for fleet management in utility sector?
With utility enterprises adopting next-generation fleet management solutions to monitor a range of equipment and asset engaged in utility operations, the segment is projected to expand at over 20% CAGR through 2026. The companies are adopting fleet management solutions to examine and regulate fleet movements and their efficiencies.
Additionally, enterprises are developing advanced fleet analytics tools for visualizing fleet operations in real-time and management of telematics data streaming from utility vehicles.
How will the cloud deployment model gain prominence in the global fleet management industry?
The cloud fleet management market segment is anticipated to grow at 20% CAGR through 2026 owing to the increasing adoption of cloud-based services and the introduction of 5G technology. Moreover, government initiatives like the installation of Intelligent Transport Systems, telematics, and ELDs are expected to spur market growth.
How will operation management solutions contribute to the growth of the global fleet management market size?
The need to manage end-to-end logistic functions across the enterprise like proper fleet selection and customer order management will contribute to the operation management segment's growth. Along with helping enterprises get real-time access to operational flows and activities, the solution combines all the fleet management processes including vehicle & asset tracking, allowing the operators to monitor the complete fleet operations, further propelling the industry growth.
Which factors will fuel North America fleet management market size?
The North America fleet management industry is estimated to hold over 40% of the global share by 2026 due to expansive fleet operations and the extensive presence of fleet management vendors. The ongoing COVID-19 pandemic has also encouraged fleet operators in the region to emphasize on deploying advanced fleet management solutions to ensure business efficiencies while reducing the impact of disruptions. Moreover, the enterprises in the region are providing advanced fleet management systems for free to the fleet operators. For instance, OnFleet, Inc. provided free fleet management solutions & software to numerous government and non-government organizations in April 2020 to improve logistics.
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Fleet Management Market : Top Players – ARI Fleet Management Company, Astrata Europe BV, Automile Inc., Azuga, Inc., Bestmile SA, ClearpathGPS, Inc., Donlen Corporation, Element-Arval Global Alliance, Garmin Ltd., Geotab, Inc., GPS Insights, ID Systems, here
News-ID: 2278164 • Views: …
More Releases from Global Market Insights, Inc.
Rare Sugar Market Top 3 Trends, Covid-19 Outbreak, Factors Driving, Threats, Cha …
Rising awareness regarding health & fitness and the subsequent shift in consumer trends towards low-calorie sweeteners will boost rare sugar market share over the forecast spell. Recent years have marked a steady rise in the prevalence of cardiovascular ailments, diabetes, and obesity, among other chronic conditions, which have triggered a massive change in consumer perceptions towards health.
This in turn has led to a surge in demand for various functional foods…
Global Selenium Yeast Market Industry Assessment, Trends, Competitive Landscape, …
The selenium yeast market is anticipated to register substantial gains on account of rising inclination towards organic additives in animal nutrition, with an aim to improve livestock health and production. Consumers are steadily becoming aware of the downsides associated with using synthetic additives. As a result, they are preferring selenium yeast feed grades over other counterparts to provide balanced nutrition to their livestock.
According to Global Market Insights Inc estimates…
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key pl …
Global Power Distribution Component Market Report offers market overview, segmentation by types, application, countries, key manufactures, cost analysis, industrial chain, sourcing strategy, downstream buyers, marketing strategy analysis, distributors/traders, factors affecting market, forecast and other important information for key insight.
Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/3091
Voltage rating have acted as a standard industry protocol toward the installation of power components reliant on regulatory preference, deployment areas, and the group…
Prenatal Vitamin Ingredients Market New Entrants, Risk Factors, Market Expansion …
The rise in the instances of miscarriages on account of poor diet and hygiene will anchor the consumption of prenatal vitamin ingredients. Excessive intake of junk food has resulted in the scarcity of important nutrients in pregnant women that could adversely affect the fetus health and development. Furthermore, prenatal vitamin ingredients possess additional nutritional components that are not so easily sourced from regular food items and products.
Prenatal vitamin ingredients can…
More Releases for Fleet
Fleet Management Consulting Service Market will reach USD 39.94 Billion by 2032 …
The global fleet management size is expected to grow USD 39.94 Billion by 2032 from USD 21.6 Billion in 2021, at a Compound Annual Growth Rate (CAGR) of 10.5% during the forecast period.
The presence of various key players in the ecosystem has led to a competitive and diverse market. The market include a high growth rate for the adoption of cloud computing and analytics, declining hardware and IoT connectivity costs,…
Fleet Management Solution Market: Start managing fleet data, access and update i …
The report "Global Fleet Management Solution Market By Deployment Model (On-premise, and On-Demand Hybrid), By Solution (Asset Management, Information Management, Driver Management, Safety and Compliance Management, Risk Management, Operations Management, and other Solutions), By End User (Transportation, Energy, Construction, Manufacturing, and Other End Users), and Region - Global Forecast to 2029". Gradually adopting transportation by businesses to enhance their offerings this results in considerable rise over the past few years…
Fleet Management Market Insights | Key players: ARI Fleet Management, Azuga, Che …
According to recent research "Fleet Management Market by Solution (Operations Management, Vehicle Maintenance and Diagnostics, Performance Management, Fleet Analytics and Reporting), Service (Professional and Managed), Deployment Type, Fleet Type, and Region - Global Forecast to 2023", the global fleet management market size is expected to grow from USD 15.9 billion in 2018 to USD 31.5 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 14.7% during the forecast…
Global Smart Fleet Management Market Real-time fleet monitoring
The smart fleet management market is moderately fragmented due to the presence of well-diversified global and regional vendors. International players have competence over smaller players in terms of features and price. The competitive environment is intensified due to widening product extensions, technological innovations, and M&A. FMS providers adopt inorganic growth strategies by acquiring regional or local players. To attain competitive advantage in the car tracking device market, the players must…
IoT Fleet Management Market by Fleet Type, Platform, Region - 2022
Qyresearchreports include new market research report "Global IoT Fleet Management Market Size, Status and Forecast 2022" to its huge collection of research reports.
The market study on the global IoT Fleet Management market is an all-inclusive business and commerce publication, prepared by seasoned research analysts with primary objectives to analyze crucial market aspects for the IoT Fleet Management forecast timeframe. Prepared using industry-best analytical tools such as Porter’s five forces and…
Fleet software comm.fleet: Effective cost control for fleet managers
Relief for fleet managers: identify the cost drivers of the company and take appropriate actions with the fleet management software comm.fleet
The adoption of a multifunctional controlling system is an indispensable prerequisite for an effective and systematic management of all company fleet costs. Be it a question of planning enhancement and control, budgeting coordination or the execution and analysis of a target-performance comparison with the purpose of a perfect fleet administration,…
