Fleet Management Market Is Forecast To Flourish At A 17.4% CAGR By 2032

Global demand for fleet management was valued at US$ 39.1 Million in 2021 and is projected to reach US$ 48 Billion by 2022-end. From 2022 to 2032, the fleet management market is forecast to flourish at a 17.4% CAGR. By the end of the aforementioned forecast period, a valuation of US$ 239 Million is anticipated for the market.

Demand for fleet management solutions is likely to reign supreme, with a documented historical CAGR worth 20.8% from 2015-2021. Among components available, the demand for cloud deployment is expected to grow at a CAGR of 23% over the assessment period while operations management will exhibit a CAGR of 16.8% through 2032.

𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗮 𝗦𝗮𝗺𝗽𝗹𝗲 𝗖𝗼𝗽𝘆 𝗼𝗳 𝗧𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁: -https://www.factmr.com/connectus/sample?flag=S&rep_id=7202?PJ

𝗠𝗮𝗿𝗸𝗲𝘁 𝗣𝗹𝗮𝘆𝗲𝗿𝘀: -

TomTom N.V.
Zebra Technologies Corp.
Trimble Inc.
Cisco Systems, Inc.
GoFleet Corporation
Geotab Inc.
Digital Matter
GPS Trackit
Fleetmatics Group PLC
GoGPS
Wireless Links
Embitel
Gurtam
Teletrac Navman
Linxio
StreetFleet
TigerFleet
Ruptela
Trakm8 Limited
WebEye Telematics Group

𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗟𝗮𝗻𝗱𝘀𝗰𝗮𝗽𝗲

Prominent providers are focusing on offering a level of competition due to high market consolidation by market leaders and increased R&D activities, leading to innovations in telematics and analytics solutions. Furthermore, top-ranking providers are relying on collaborations, acquisitions, and partnerships with existing players to widen their outreach. Some notable developments are as follows:

In October 2021, Ctrack announced the launch of PC Secure which allows devices to be tracked and recovered in the same way that Ctrack has done for the past 30 years with stolen vehicles and other assets. Ctrack PC Secure makes any laptop or desktop computer visible for Ctrack to recover stolen laptops or desktops using innovative software.

In June 2021, Dtac Business announced its partnership with Cartrack Technology to provide fleet management solutions to small and medium enterprises in Thailand. The Fleet Management solution powered by dtac's full suite of IoT connectivity solutions has advanced features, such as fuel usage monitoring, intelligent transport planning solutions, and driver behavior monitoring, through which business owners can easily monitor via both mobile app and web portal. Using Cartrack's advanced AI technology, Fleets can be optimized to reduce fuel consumption, creating driving zones to help increase work efficiencies and reduce operational costs.

𝗞𝗲𝘆 𝗦𝗲𝗴𝗺𝗲𝗻𝘁𝘀 𝗖𝗼𝘃𝗲𝗿𝗲𝗱 𝗶𝗻 𝘁𝗵𝗲 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗥𝗲𝗽𝗼𝗿𝘁

𝗕𝘆 𝗗𝗲𝗽𝗹𝗼𝘆𝗺𝗲𝗻𝘁 :
Cloud
On-Premise

𝗕𝘆 𝗧𝘆𝗽𝗲 :
Vehicle Management
Driver Management
Operations Management

𝗕𝘆 𝗘𝗻𝗱 𝗨𝘀𝗲𝗿 :
Transportation & Logistics
Automotive
Retail
Government
Shipping

𝗥𝗲𝗴𝗶𝗼𝗻𝗮𝗹 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀 𝗶𝗻𝗰𝗹𝘂𝗱𝗲𝘀

North America (U.S., Canada)
Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
EU - (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
CIS & Russia
Japan
Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)

𝗗𝗶𝗴𝗶𝘁𝗮𝗹 𝗧𝗿𝗮𝗻𝘀𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻 𝘁𝗼 𝗗𝗿𝗶𝘃𝗲 𝘁𝗵𝗲 𝗦𝗮𝗹𝗲𝘀 𝗳𝗼𝗿 𝗙𝗹𝗲𝗲𝘁 𝗠𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁 𝗦𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝘀

With the advent of technology, firms at various levels have gained the leverage to de-structure departments and deploy additional staff on the front line to offer support in the consultancy services. Increasing digitization plays an important role in providing visibility into the warehouse supply chains.

Currently, the use of 5G technology by fleet operators enables tracking the products in real-time and also provides an accuracy of its location, due to which the demand for fleet management systems is expected to increase in the coming period. This information could deliver potentially huge benefits in terms of predictive maintenance, safety, and asset management.

Further, enterprises can take the advantage of smart technologies to monitor storage conditions and autonomously adjust them. The authorities are alerted right away if any product is lost, increasing the odds of product retrieval and determining the person responsible for the occurrence. Various companies working in the global network provider industry are offering satellite communication solutions ;to better monitor the fleet vehicle.

For customers, such smart digital platforms are becoming ever more intuitive and flexible. Digital interaction and customer service-based Artificial Intelligence (AI) systems are high in demand across the industry to ensure high levels of personalization which are increasingly replacing car showrooms.;

𝗚𝗲𝘁 𝗖𝘂𝘀𝘁𝗼𝗺𝗶𝘇𝗮𝘁𝗶𝗼𝗻 𝗼𝗻 𝘁𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁 𝗳𝗼𝗿 𝗦𝗽𝗲𝗰𝗶𝗳𝗶𝗰 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗦𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝘀:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=7202

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