Press release
Fleet Management System Market 2021 Strategic Assessment- AT&T Inc., Geotab, I.D. Systems, IBM Corporation, Inseego Corporation, Mix Telematics Ltd.
Fleet Management System Market Research Report 2021 - 2026Latest released, the research study on Global Fleet Management System Market Report Forecast 2021 - 2026, offers a detailed overview of the factors influencing the global business scope. Fleet Management System Market research report shows the latest market insights, current situation analysis with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Fleet Management System. The study covers emerging player's data, including competitive landscape, sales, revenue and global market share of top manufacturers are: AT&T Inc., Geotab, I.D. Systems, IBM Corporation, Inseego Corporation, Mix Telematics Ltd., Omnitracs LLC, TomTom N.V., Trimble Inc., Verizon Communications and Wheels Inc.
Global Fleet Management System market to grow at a CAGR of 16.7% during 2021-2026.
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Market Overview:
Fleet management (FM) refers to the administration and control of commercial automobiles, including cars, vans, trucks, marine vessels and aircraft. It involves performing functions such as vehicle acquisition, fuel management, vehicle maintenance, driver safety and compliance. FM systems are also integrated with software programs to streamline routine tasks and improve employee efficiency. They help in managing fuel and maintenance costs, provide real-time access to the fleet, improve the life span of vehicles, increase customer retention rates and driver satisfaction. Owing to these benefits, these systems find extensive application across energy and utilities, automotive, manufacturing, retail, construction, logistics and transport industries.
The increasing adoption of cloud computing systems and the integration of the Internet of Things (IoT) with the transportation industry, are among the key factors driving the growth of the market. Furthermore, a significant increase in the mining industry that utilizes FM systems to monitor driver behavior, enhance overall safety and reduce maintenance costs, have provided a boost to the market growth. In addition to this, rapid adoption of wireless technology and advancement in 4G and 5G technologies offering wide area coverage, enhanced productivity, along with quick access and response to the users, are also creating a positive impact on the market. The availability of services, including asset management, two-way communication and customer relationship management, are also resulting in the increased utilization of the FM systems. Moreover, the implementation of favorable policies to promote smart transport systems, coupled with innovations, such as in-vehicle cameras with telematics compatibility and remote tachograph reporting, are projected to drive the market in the upcoming years.
Segmentation By Type:
Cloud-based
On-premises
Hybrid
Segmentation By Application:
Automotive
Energy & Utilities
Manufacturing
Retail
Transportation and Logistics
Construction
Others
Regional Analysis:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Significant Features and Key Highlights of the Reports:
– Detailed overview of Fleet Management System Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc.
– Historical, current and projected market size in terms of volume and value.
– Recent industry trends and developments
– Competitive landscape of Fleet Management System Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth.
Key questions answered:
How has the global fleet management system market performed so far and how will it perform in the coming years?
What are the key regional markets?
What has been the impact of COVID-19 on the global fleet management system market?
What is the breakup of the market based on the component?
What is the breakup of the market based on the vehicle type?
What is the breakup of the market based on the end-use sector?
What is the breakup of the market based on the technology?
What is the breakup of the market based on the deployment type?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global fleet management system market and who are the key players?
What is the degree of competition in the industry?
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