Press release
Fleet Management System Market Growth 2023-2028, Industry Size, Share, Trends and Forecast
IMARC Group, a leading market research company, has recently releases report titled "Fleet Management System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028." The study provides a detailed analysis of the industry, including the global fleet management system market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.How big is the fleet management system?
The global fleet management system market size reached US$ 23.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 43.1 Billion by 2028, exhibiting a growth rate (CAGR) of 10.5% during 2023-2028.
What is fleet management system?
Fleet management (FM) is the control and administration of commercial automobiles, including cars, trucks, vans, marine vessels, aircraft, etc. It involves performing numerous functions, such as fuel management, vehicle maintenance, vehicle acquisition, driver safety, regulatory compliance, etc. Fleet management systems are integrated with software programs to streamline routine tasks and improve employee efficiency. They assist in maintaining costs, provide real-time access to the fleet, improve the life span of vehicles, increase customer retention rates, ensure driver satisfaction, etc. As a result, fleet management systems find widespread applications across various sectors, including energy, utility, automotive, manufacturing, retail, construction, logistics, transportation, etc.
Request Free Sample Report: https://www.imarcgroup.com/fleet-management-system-market/requestsample
What are the growth prospects and trends in the fleet management industry?
The escalating usage of cloud computing and Internet of Things (IoT) technologies in the transportation sector is primarily driving the fleet management system market. Besides this, the elevating demand for FM solutions in the mining sector to enhance overall safety, monitor driver behavior, and minimize maintenance costs is further augmenting the market growth. Apart from this, the introduction of several innovative services, such as asset management, two-way communication, and customer relationship administration, is also catalyzing the global market. Moreover, the growing popularity of 4G and 5G technologies that assist in enhanced productivity, area coverage, access, and user response is acting as another significant growth-inducing factor. Furthermore, the launch of favorable policies by government bodies to promote smart transport techniques and various innovations, including in-vehicle cameras with telematics compatibility and remote tachograph reporting, are expected to bolster the fleet management system market in the coming years.
What is included in market segmentation?
The report has segmented the market into the following categories:
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 Region:
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
Who are the key players operating in the industry?
The report covers the major market players including:
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.
Ask Analyst for Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/fleet-management-system-market
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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Contact US
IMARC Group
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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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