Europe Fleet management Market Growing Massively by 2021-2026 Major Players: Mix Telematics, Inseego Group, ABAX, Geotab Inc., Verizon Corporation (Connect)

Market Insights Reports has added new statistical data to its repository titled as, Europe Fleet management Market. It provides the industry overview with market growth analysis with a historical & futuristic perspective for the following parameters; cost, revenue, demands, and supply data (as applicable). Furthermore, the report also sheds light on technological platforms, in addition to distinctive tools, and methodologies that will help to propel the performance of industries. The Europe Fleet management market report covers the post-COVID-19 impact on various regions and major countries and on the future development of the industry is pointed out.

The Europe Fleet Management Market was valued at USD 2.24 billion in 2020, and it is expected to reach USD 5.7 billion by 2026, registering a CAGR of 16.5% during the forecast period (2021-2026).

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Top Key Players in the Europe Fleet management Market are Mix Telematics, Inseego Group, ABAX, Geotab Inc., Verizon Corporation (Connect), Trimble Navigation, Viasaet Group, EasyFleet, ArealControl, G4S Telematix, EcoFleet, Aeromark, and others. 

Industry News and Update:

- In November 2019, Geotab, a well-known organization in IoT and connected transportation, announced the acquisition of Intendia, a Spanish engineering firm specializing in integrated technology solutions for the heavy-truck market in Europe. The acquisition is expected to add to Geotab’s strong engineering capabilities and bring complementary technology into the company’s product portfolio.

- In October 2019, MiX Telematics, a global provider of fleet and asset management solutions, announced an update to MiX Vision in-cab video solution, which delivers driver and road facing footage. This is expected to help fleet managers to conveniently obtain an accurate view of their fleet operations.

Key Market Trends:

Driver Management is Expected to Boost the Growth of the Market

- The need to improve the smooth flow of vehicle fleets and also to keep track of vehicle and driver movements and to ensure reliable registration of all vehicle-related activities is increasing the need for fleet management solutions. The integration of fleet management software also allows the users to manage the bus fleet efficiently, record entering and leaving buses, and monitor vehicle and driver-related activities.?
- The benefits of fleet management software are that it produces near real-time alerts and notifications about dangerous driving habits. For example, fleet vehicle equipment such as dashboard video cameras allows fleet managers to monitor any incidences of speeding and hard cornering by their drivers.
- The need to avoid exhausted drivers behind the wheels is among a major factor that is driving the Fleet management Market growth in the region. For instance, according to Verizon, last year ending in June 2019 saw a rise in road deaths in the UK compared to 2018, from 1,794 to 1,870. Although statistically, the UK has fewer fatal accidents compared to other European nations, the increased emphasis on the need for road safety is expected to drive the demand for fleet management in the region.
- In June 2020, Verizon Connect also launched Integrated Video for Fleet, an extension of its Integrated Video for Reveal product made for fleet customers. Integrated Video uses artificial intelligence (AI) and machine learning to help businesses improve driver behavior and understand the details of specific driving events. The smart dash-cam solution captures and automatically classifies harsh driving events in near-real-time. It also provides video analysis that can be used to help keep drivers safe on the road, protect them against false claims in the event of an incident, and coach and reward drivers.

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This Global Europe Fleet management Market report addresses:

– The Market size from 2016-2021

– Expected market growth until 2026

– Forecast of how market drivers, restraints, and future opportunities will affect

– Segment and regions that will drive or lead the market growth and why

– Comprehensive mapping of the competitive landscape

– In-depth analysis of key sustainability strategies adopted by market place.                              

Frequently Asked Questions about Global Europe Fleet management market:

– What are the recent developments and government policies?
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– Why do we say the currency is set to appreciate?
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– Where are the greatest dangers?              

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