Press release
Fleet Management Market Size, Share, Trends Analysis And Forecasts (2024 - 2033)
Fleet Management Market
The fleet management market size is expected to see rapid growth in the next few years. It will grow to $36 billion in 2028 at a compound annual growth rate (CAGR) of 14.0%. The growth in the forecast period can be attributed to electric vehicle integration, climate change and emission reduction, cybersecurity concerns, urbanization and smart city initiatives, remote workforce management, health and safety compliance. Major trends in the forecast period include advanced telematics technologies, driver safety and behavior monitoring, autonomous vehicle technologies, blockchain for fleet management, and mobility-as-a-service (MaaS) models.
Market Overview -
Fleet management is an administrative strategy that allows businesses to organize and coordinate commercial vehicles to enhance productivity, cut expenses, and comply with government laws. Fleet management help to reduce costs, enhance business' operational efficiency and implement compliance within whole fleet.
Download Free Sample of Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=5679&type=smp
Global Fleet Management Market Thrives On Escalating Demand For Commercial Vehicles
The increasing demand for commercial vehicles is expected to drive the fleet management market during the forecast period. Organizations use fleet management services to manage commercial vehicles and improve efficiency, productivity, and reduce overall transportation and staffing costs in business. In January 2022, Indian automotive manufacturing company Mahindra & Mahindra's commercial vehicle sales increased by 57% over the previous year. The company's sales through exports also increased by 26% during the same period. Therefore, the increasing demand for commercial vehicles around the world is expected to drive the fleet management market.
Competitive Landscape -
Major companies operating in the fleet management market report are Verizon Connect, Trimble Inc, Samsara Networks Inc, Donlen Corporation, TomTom International BV, Geotab Inc, Teletrac Navman US Ltd, Orbcomm Inc, Ctrack (Inseego Corp.), Azuga Inc, Omnitracs LLC, MiTAC International Corporation, Fleet Complete Ltd, Siemens AG, KeepTruckin Inc, Masternaut Ltd, GURTAM JLLC, NexTraq LLC, GPS Insights, US Fleet Tracking, Freeway Fleet Systems, Fleetonomy Ltd, Fleetroot Ltd, ClearpathGPS Inc, Utilimarc Inc., RAM Tracking, Automile Inc, Fleetmatics Group PLC, MiX Telematics International (Pty) Ltd, Otto Marine Limited
Growing Trend Of Implementing Internet Of Things In Optimizing Fleet Operations
The use of the internet of things (IoT) in fleet management is a key trend gaining popularity in the market. An IoT is a system of interrelated digital and mechanical machines, objects, and computing devices that have the potential to transfer data over a network without the use of human-to-human interaction. Companies are focusing on the application of IoT in fleet management to automate various processes and trip planning. For instance, in April 2021, Ridecell Inc., a US-based company offering digital transformation software for fleet businesses, launched the Fleet IoT Automation System, which is an IoT -driven automation platform designed specifically for fleet-based businesses. The system integrates data insights with digital vehicle control to turn manual processes into automated workflows.
Browse Full Report @
https://www.thebusinessresearchcompany.com/report/fleet-management-global-market-report
Key Segments -
The fleet management market covered in this report is segmented -
1) By Component: Solutions, Services
2) By Vehicle Type: Heavy Commercial Vehicle, Light Commercial Vehicle, Aircraft, Railway, Watercraft
3) By Industry: Retail, Government, Transportation And Logistics, Automotive, Other Industries
4) By Communication Technology: GNSS (Satellite), Cellular System
5) By Deployment Type: On-Premises, Cloud
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps
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 Market Size, Share, Trends Analysis And Forecasts (2024 - 2033) here
News-ID: 3455038 • Views: …
More Releases from The Business Research Company
Global Parkinson's Disease Market Expected to Achieve 8.1% CAGR by 2029: Growth …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Parkinson's Disease Market Size By 2025?
The market for treating Parkinson's disease has experienced significant expansion lately; its valuation is projected to climb from three point thirty-four billion dollars in 2024 to three point sixty-two billion dollars the following year, reflecting an eight point two…
Oral Mucositis Market Expansion Continues, with Forecast Valuation of $2.06 Bill …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Oral Mucositis Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
Significant upward momentum has characterized the oral mucositis market recently, projecting an expansion from its 2024 valuation of $1.44 billion to $1.55 billion by 2025, reflecting a compound annual growth rate of 7.7%. This historical…
Global Myocarditis Disease Market: Major Trends Reshaping the Future of the Indu …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Myocarditis Disease Industry Market Size Be by 2025?
The valuation of the myocarditis affliction sector has demonstrated vigorous expansion lately, escalating from a figure of $1.5 billion across 2024 to an anticipated $1.6 billion by 2025, reflecting a consistent annual uplift measured at 6.5 percent. This…
Steady Expansion Forecast for Lewy Body Dementia Market, Projected to Reach $1.5 …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Lewy Body Dementia Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market valuation for Lewy Body Dementia has experienced a significant upswing lately, projected to move from an established $1.12 billion in 2024 to $1.2 billion by 2025, reflecting a steady compound annual growth…
More Releases for Fleet
Fleet Tracking and Logistics Market is thriving worldwide by 2027 | Top Key Play …
Fleet Tracking and Logistics Market research is an intelligence report with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. Business strategies of the key players and the new entering market industries are studied in detail. Well explained SWOT analysis, revenue share and contact information are shared in this report…
Fleet Management Consulting Service Market will reach USD 39.94 Billion by 2032 …
The global fleet management size is expected to grow USD 39.94 Billion by 2032 from USD 21.6 Billion in 2021, at a Compound Annual Growth Rate (CAGR) of 10.5% during the forecast period.
The presence of various key players in the ecosystem has led to a competitive and diverse market. The market include a high growth rate for the adoption of cloud computing and analytics, declining hardware and IoT connectivity costs,…
Fleet Management Solution Market: Start managing fleet data, access and update i …
The report "Global Fleet Management Solution Market By Deployment Model (On-premise, and On-Demand Hybrid), By Solution (Asset Management, Information Management, Driver Management, Safety and Compliance Management, Risk Management, Operations Management, and other Solutions), By End User (Transportation, Energy, Construction, Manufacturing, and Other End Users), and Region - Global Forecast to 2029". Gradually adopting transportation by businesses to enhance their offerings this results in considerable rise over the past few years…
Fleet Management Market Insights | Key players: ARI Fleet Management, Azuga, Che …
According to recent research "Fleet Management Market by Solution (Operations Management, Vehicle Maintenance and Diagnostics, Performance Management, Fleet Analytics and Reporting), Service (Professional and Managed), Deployment Type, Fleet Type, and Region - Global Forecast to 2023", the global fleet management market size is expected to grow from USD 15.9 billion in 2018 to USD 31.5 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 14.7% during the forecast…
Fleet software comm.fleet: Effective cost control for fleet managers
Relief for fleet managers: identify the cost drivers of the company and take appropriate actions with the fleet management software comm.fleet
The adoption of a multifunctional controlling system is an indispensable prerequisite for an effective and systematic management of all company fleet costs. Be it a question of planning enhancement and control, budgeting coordination or the execution and analysis of a target-performance comparison with the purpose of a perfect fleet administration,…
Fleet Specialisation-Cover 4 Fleet Insurance Investigate Future Fleet Trends
Victoria, London ( openpr ) June 10, 2011 - Economically driven by the need to immerse their resources in core activities, companies will turn to fleet outsourcing options. Even in the case of fleet contract hire, there are case studies which are dramatic in the current economic environment.
Take the case study of Fraikin , which was originally established in France in 1944 and is today the biggest commercial…
