Press release
E-Commerce Boom Fuels Expansion Of The Fleet Management Software Market: A Key Driver Powering Fleet Management Software Market Growth In 2025
Fleet Management Software
What Is the Current Fleet Management Software Market Size and Its Estimated Growth Rate?
In recent years, there has been a swift expansion in the market size of fleet management software. The market, which was valued at $24.04 billion in 2024, is projected to increase to $28.24 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 17.5%. Factors contributing to the growth during this historical period include the increasing demand for autonomous and electric vehicles (EVs), the implementation of real-time monitoring and predictive maintenance, the emergence of mobility-as-a-service (MaaS), and enhanced connectivity.
In the coming years, a swift expansion is expected in the fleet management software market, reaching $53.16 billion by 2029 with a compound annual growth rate (CAGR) of 17.1%. This predicted increase over the forecast period can be tied to factors such as the digitisation of vehicles, cybersecurity issues, safety enhancements, regulatory adherence, and customer demands. Key trends during this projection period comprise global positioning systems, mobile connectivity, monitoring of driver behaviour, behaviour analytics and mobile, cloud-based fleet management solutions as well as advancements in artificial intelligence, machine learning, and IoT technologies.
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How Are Emerging Segments Shaping the Fleet Management Software Market Landscape?
The fleet management software market covered in this report is segmented -
1) By Type: Operations Management, Vehicle Maintenance And Diagnostics, Performance Management, Fleet Analytics And Reporting, Other Types
2) By Deployment: On-premises, Cloud
3) By Fleet Type: Commercial, Passenger Cars
4) By End-Users: Manufacturing, Oil And Gas, Transportation And Logistics, Construction, Chemical, Energy And Utilities, Retail, Other End-Users
Subsegments:
1) By Operations Management: Route Planning And Optimization, Dispatch Management, Driver Scheduling And Monitoring
2) By Vehicle Maintenance And Diagnostics: Preventive Maintenance, Diagnostic Tools And Alerts, Maintenance Scheduling And Reporting
3) By Performance Management: Driver Behavior Monitoring, Fuel Management, Fleet Efficiency Tracking
4) By Fleet Analytics And Reporting: Real-Time Fleet Tracking, Data Analytics And Dashboards, Reporting And Compliance Management
5) By Other Types: Asset Management, Inventory Management, Fleet Safety Management
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Which Growth Factors Are Influencing Fleet Management Software Market Expansion?
The surge in e-commerce operations is set to spur the expansion of the fleet management software market. E-commerce operations, which include online purchases and sales, digital payments, and a range of transaction types, are transforming commerce via the Internet. The growth of e-commerce activities is attributed to rising internet usage, the ease of shopping online, and changing consumer habits favoring digital transactions. Fleet management software plays a crucial role in e-commerce, helping to optimize delivery processes, boost efficiency, and ensure orders are fulfilled promptly and correctly. This, in turn, enhances customer satisfaction and promotes the growth of the online retail sector. For example, as per a report by the U.S. Census Bureau, a sector of the United States Department of Commerce, in February 2024, total e-commerce sales in the US saw an increase of 7.6% compared to 2022, reaching an estimated $1,118.7 billion in 2023. In 2023, e-commerce made up for 15.4% of total sales, a rise from 14.7% of total sales in 2022. Consequently, the accelerated expansion of e-commerce operations will stimulate the growth of the fleet management software market.
Who Are the Dominant Players Across Different Fleet Management Software Market Segments?
Major companies operating in the fleet management software market are AT&T Inc., Intel Corporation, International Business Machines Corporation, Cisco Systems Inc., ZF Friedrichshafen AG, Oracle Corporation, LeasePlan Corporation N.V., Zebra Technologies Corporation, Garmin Ltd., Trimble Inc., FLEETCOR Technologies Inc., Holman Automotive Inc., Element Fleet Management Corp., Verizon Connect, Geotab Inc., TomTom Telematics BV, Omnitracs LLC, Samsara Inc., Teletrac Navman, Orbcomm, Emkay Inc., Wheels Inc., MiX Telematics Ltd., Lytx Inc., Magellan Navigation Inc., Masternaut Limited, Fleetio, GPS Insight, Avrios, Quartix Ltd
What Are the Latest Developing Trends in the Fleet Management Software Market?
Leading corporations in the fleet management software market are concentrating on creating innovative technology solutions like GPS fleet tracking and dual-facing dashcam capabilities to improve vehicle supervision, amplify fleet effectiveness, and enhance overall safety and compliance procedures. The combination of real-time vehicle tracking and video recording features presents comprehensive tools for fleet management. For example, Bridgestone Americas, a firm in the USA focused on car parts, tires, and industrial goods manufacturing and supply, launched Azuga Fleet Management Solutions on AWS Marketplace in August 2023. This marked the company's inaugural product launch after becoming a member of the AWS Partner Network (APN). The software becomes easily accessible to fleet customers via AWS accounts, providing a straightforward path for discovery, evaluation, purchase, and deployment. It also makes the billing process more efficient and offers incentives to buyers. This step complements Bridgestone's E8 Commitment values of 'Efficiency', 'Extension', and 'Ease', thereby promoting efficient management methods and seeking to gain future generations' trust.
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Which Geographic Regions Are Expected to Dominate the Fleet Management Software Market in the Coming Years?
North America was the largest region in the fleet management software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the fleet management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Fleet Management Software Market?
2. What is the CAGR expected in the Fleet Management Software Market?
3. What Are the Key Innovations Transforming the Fleet Management Software Industry?
4. Which Region Is Leading the Fleet Management Software Market?
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