Press release
Fleet Management System Market Report, Size, Share, Growth, Trends and Forecast 2027
Fleet management (FM) refers to the handling of commercial automobiles, which enables enterprises to track and maintain their vehicles in a quick and cost-effective way. There are three basic components of this system, namely position and material monitoring; equipment assigning and production monitoring; and optimization. FM systems allow transportation-dependent companies to reduce or eliminate the risks associated with vehicle investment and staff costs. They also assist in financing, vehicle tracking and diagnostics, and fuel management, and provide maximum compliance with government legislation. Due to these advantages, FM systems find applications in a wide range of sectors, such as manufacturing, construction, utilities, retail, and logistics.tc.
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Market Trends
One of the major factors influencing the growth of the market is the integration of cloud-based software programs and wireless technology in FM systems, along with advancements in 4G and 5G networks. These technologies help in enhancing productivity, covering a wide area for a seamless connection, and offering quick responses. Moreover, FM solutions are now being utilized for medium- and large-scale fleets to streamline operations. Along with this, the implementation of favorable policies and rising concerns toward the increasing incidences of road accidents are also catalyzing the market growth. For instance, the Government of the United States is assessing the potential of telematics to reduce accidents. Furthermore, increasing awareness about the efficiency and cost benefits of FM systems is expected to attract more customers. Technological innovations, such as in-vehicle cameras and GPS with telematics compatibility, are further anticipated to create a positive outlook for the market.
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List of Key Companies Covered in this Market Report:
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.
The report has segmented the market on the basis of component, vehicle type, end-use sector, technology, deployment and geography.
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
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 Geography:
North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa
Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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