Press release
Fleet Management Software Market 2021 Reach Valued At $ 59.08 billion And Grow At A 17.1% CAGR Forecast To 2028 | With Top Companies: Verizon Connect, Geotab Inc., Trimble Inc., GPS Insight, Omnitracs, LLC.....
Fleet Management Software Market 2021-2028
New study report " Fleet Management Software Market 2021 Global Market Opportunities, Challenges, Strategies, and Forecasts 2028" has been added to Fortune Business Insights.
Market Overview-
The global fleet management software market size was USD 16.89 billion in 2020. The market is projected to grow from USD 19.58 billion in 2021 to USD 59.08 billion in 2028 at a CAGR of 17.1% in the 2021-2028 period. This crucial information is published by Fortune Business Insights™ in its report titled, “Fleet Management Software Market, 2021-2028.”
As per our research team, fleet management software provides properties such as real-time tracking, repairs, intelligent transportation, and driver security. For example, owing to its geofencing solution, the companies are enabled to detect vehicle locations, such as departure, terminus, road course, and functioning duration. This safeguards the security of the fleet along with its operatives, and the supplies parted for distribution. Therefore, this, in turn, is expected to reinforce the market growth during the forecast period.
Supply of Vital Products amid COVID-19 Pandemic to Fuel Market Growth:
The COVID-19 pandemic has considerably altered the day-to-day schedule of everyone. As numerous industries have switched to work from home and have willingly elected for such guidelines, the industries such as transport, service, field facility providers, energy, shipping, and trading, among others, are functioning to the complete latent to deliver crucial services and goods. Owing to the disaster and supply chain commotion, the shipping and logistics industries are experiencing severe risks. This has led to an increase in demand for fleets, drivers, dispatchers, organizers, and others fleet operators dramatically.
Moreover, FMCG, trade, farming medications, and various other indispensable service suppliers are unable to ship the deposited products on account of the decreased number of carriers. The demand for this software augmented to accomplish and satisfy the incessant supply of necessities.
Top Key Players in this market are:
Verizon Connect (Atlanta U.S.)
Geotab Inc. (Oakville, Canada)
Trimble Inc. (California, U.S.)
GPS Insight (Arizona U.S.)
Omnitracs, LLC (Texas, U.S.)
MiXTelematics International Ltd (Texas, U.S.)
Fleet Complete (Toronto, Canada)
NexTraq, LLC (Georgia, U.S.)
GPSTrackit (Georgia, U.S.)
Inseego Corp. (California, U.S.)
Automotive Rentals Inc. (New Jersey, U.S.)
Cisco Systems Inc. (California, U.S.)
AT&T Inc. (Texas, U.S.)
Ctrack (Inseego Corp.)
IBM Corporation (New York, U.S.)
Tomtom NV (Amsterdam, Netherlands)
Request Sample Copy @ https://www.fortunebusinessinsights.com/enquiry/sample/fleet-management-software-market-100893
Competitive Landscape-
Tactical Alliance of Chief Players with Vehicle Producers to Magnify Business Opportunities
The significant fleet management software providers are fixated on product extension by making huge investments in the novel research and development regarding the software. The corporations are joining forces with technology suppliers to deliver better fleet management with its radical tracing, precise GPS, and better backing to the drivers. Likewise, these giant players are keen on entering into tactical collaborations with diverse automobile manufacturers in order to provide unconventional fleet management software solutions.
Segmentation-
By component, the global market is categorized into solutions and services. On the basis of fleet type, the market is segregated into commercial fleet and passenger cars. By deployment, the market is separated into the cloud and on-premises. In terms of region, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Based on end-user, the market is finally classified into manufacturing, logistics, transportation, oil and gas, chemical, and others. The manufacturing industry is expected to dominate the segment owing to a great reliance on the planned distribution of supplies and elements for product manufacturing. The segment generated 21.9% in 2020 in terms of share.
Regional Insights-
Increasing Usage of Real-time Tracking Solutions to Help North America Grow
North America held the maximum fleet management software market share in 2020 and is estimated to dictate the global market. This is owing to the large-scale disposition of real-time tracing software by companies for unified business functioning. Rising implementation of vehicle tracking systems, increasing demand for innovative software from automotive giants such as General Motors, Ford, and Fiat-Chrysler, coupled with the factor that the U.S. being the primary implementer of digital technologies are attributable to the growth of the market in this region. The region stood at USD 5.88 billion in 2020 in terms of revenue.
Europe holds the second largest market share on account of Germany remaining as the biggest automobile sector core across the globe. Commercial vehicle fleets carry out a significant role in the European economy.
Asia Pacific is probable to be the rapidly growing region in the foreseeable future owing to the rising radio cab industry and surging inclination towards transportation services in this region. The existence of a huge number of production units in leading countries such as China, Japan, and India is additionally anticipated to augment the growth of the market in Asia Pacific region.
Request for Customization @ https://www.fortunebusinessinsights.com/enquiry/customization/fleet-management-software-market-100893
Report Coverage-
The report presents a systematic study of the fleet management software market segments and a thorough analysis of the market overview. A thoughtful evaluation of the current market trends as well as the future opportunities are offered in the report. Moreover, it presents an exhaustive analysis of the regional insights and how they help to form the market growth. The COVID-19 impacts have been discussed in the report to assist investors and business owners with a better understanding of the possible threats present in the market. The report further discusses the key players and their prominent strategies to stay in the dominating position.
Table of Content:
Introduction
Key Takeaways
Market Dynamics
Competition Landscape
Global Fleet Management Software Key Players Market Share Insights and Analysis, 2020
Key Market Insights and Strategic Recommendations
Companies Profiled (Covered for key 10 players only)
Annexure / Appendix
Continue….
Inquire Before Buying @ https://www.fortunebusinessinsights.com/enquiry/queries/fleet-management-software-market-100893
Contact Us:
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Email: sales@fortunebusinessinsights.com
You can also contact us/follow us on:
https://www.facebook.com/FortuneBusinessInsightsPvtLtd
https://twitter.com/FBInsightPvtLtd?s=20
https://www.linkedin.com/company/fortune-business-insights/
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
About Us:
Fortune Business Insights offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. 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.
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 Software Market 2021 Reach Valued At $ 59.08 billion And Grow At A 17.1% CAGR Forecast To 2028 | With Top Companies: Verizon Connect, Geotab Inc., Trimble Inc., GPS Insight, Omnitracs, LLC..... here
News-ID: 2469867 • Views: …
More Releases from Fortune Business Insights
Future of Renewable Energy Market Insights: Growth Drivers, and Regional Develop …
Global Renewable Energy Market Overview
The global renewable energy market size was valued at USD 954 billion in 2023. The market is projected to grow from USD 1,020.94 billion in 2024 to USD 1,574.17 billion by 2032, exhibiting a CAGR of 5.56% during the forecast period. Asia Pacific dominated the renewable energy market with a market share of 67.76% in 2023. The Renewable energy market in the U.S. is projected to…
DC Drives Market Overview: Opportunities, Growth Drivers, and Key Applications
Market Overview
The global DC drives market size was valued at USD 4.34 billion in 2018 and is projected to reach USD 9.23 billion by 2032, exhibiting a CAGR of 5.59% during the forecast period of 2019-2032. Asia Pacific dominated the global market with a share of 28.8% in 2018. The DC drives market in the U.S. is projected to grow significantly, reaching an estimated value of USD 1.59 billion by…
Humanoid Robots Market: An In-depth B2B Analysis of Size, Share, and Future Grow …
Brief Market Overview:
The global humanoid robots market is rapidly transitioning from a nascent field into a major growth sector, with its value escalating from USD 2.43 billion in 2023 to a projected USD 66.0 billion by 2032, demonstrating a remarkable CAGR of 45.5%.
These complex machines, which merge mechanical, electrical, and software engineering, are moving beyond research labs into real-world applications across industrial, service, and household sectors. This explosive growth…
Methanol Market Poised for Remarkable Growth, set to Reach USD 46.32 billion by …
The global methanol market size was valued at USD 31.26 billion in 2023. It is projected to grow from USD 32.70 billion in 2024 to USD 46.32 billion by 2032, exhibiting a CAGR of 4.5% during the forecast period.
The global methanol market size is set to gain traction from the urgent need to lower environmental pollution caused by the surging usage of heavy fuels, such as diesel and gasoline. Pollution…
More Releases for Insight
Europe Predictive Maintenance Market, Segmentation, Insight, Scope, & Insight by …
Europe Predictive Maintenance Market will project a CAGR of 40.10% during the forecast up to 2029.
Predictive maintenance is known to lead a huge increase in ROI. It can decline maintenance costs up to 25%-30%, decrease breakdowns to 70%-75%, and reduce downtime to 35%-45%. These services are being highly deployed as they save overall cost for enterprises.
Europe Predictive Maintenance Market was valued at USD 490.88 million in 2021 and is expected…
Returnable Transport Packaging Market, Segmentation, Insight, Scope, & Insight b …
Returnable Transport Packaging Market grows at a CAGR of 5.9% in the forecast period 2021-2028.
Market Analysis & Insights: Returnable Transport Packaging Market
Returnable transport packaging market will grow at a rate of 5.9% for the forecast period of 2021 to 2028. Rising reduction in cost of supply chain cycle and reduction of operational cost which acts as an essential factor driving the returnable transport packaging market.
Traditional methods of packaging that…
Next-Generation Firewall Market, Segmentation, Insight, Scope, & Insight by 2028 …
Next-Generation Firewall Market grows at a CAGR of 11.9% in the forecast period 2021-2028.
Market Analysis & Insights: Next-Generation Firewall Market
The next-generation firewall market is expected to witness market growth at a rate of 11.9% in the forecast period of 2021 to 2028. Data Bridge Market Research report on next-generation firewall market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing…
System Integration Market, Segmentation, Insight, Scope, & Insight by 2028.
System Integration Market grows at a CAGR of 10.67% in the forecast period 2022-2029.
System Integration Market Share Analysis
Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to…
Crypto Asset Management Market, Segmentation, Insight, Scope, & Insight by 2029.
Crypto Asset Management Market grows at a CAGR of 25.50% in the forecast period 2022-2029.
Market Analysis & Size: Crypto Asset Management Market
Cryptocurrency is one of the more exciting investing prospects to emerge in recent years. An increasing number of institutional investors and wealth managers who have never invested in cryptocurrencies are getting ready to do so in the upcoming year as their prices continue to rise. The global market…
Optical Waveguide Display Market, Segmentation, Insight, Scope, & Insight by 202 …
Optical Waveguide Display Market grows at a CAGR of 12.90% in the forecast period 2022-2029.
Market Analysis & Insights: Optical Waveguide Display Market
Augmented reality (AR) portable and wearable devices have emerged as one of the greatest technology in past few years. Optical waveguide technology has the best potential to enable the consumer-grade AR glasses owing to its appearance, mass production capability and optical performance. It is being considered an unparalleled choice…
