Press release
Fleet Management Market Size, Share, Trends - Industry Analysis 2021
Fleet Management
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The global fleet management market to grow from USD 9.54 billion in 2016 to USD 27.90 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 23.9%. The fleet management market is growing rapidly due to the implementation of Electronic Logging Devices (ELD) compliance for vehicles.
Integration and deployment services is estimated to have the largest market size in 2016.The growth of service is driven by the need of communication between the subsystems of fleet solutions. Furthermore, managed services will grow at the highest CAGR during the forecast period, due to the need of good management and flawless running of fleet software.
Wireless technology provides cost efficiency, reliability, security and privacy, low energy consumption, and range extension. Because of these mentioned benefits and also due to growing need of tracking vehicles, satellite technology under wireless connectivity technology is expected to witness the highest CAGR during the forecast period.
In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in the fleet management solutions marketplace.
• By Company Type: Tier 1: 27%, Tier 2: 48%, Tier 3: 25%
• By Designation: C-Level: 16%, Director Level: 72%, Others: 12%
• By Region: North America:57%, Europe: 16%, Asia-Pacific: 15%, ROW: 12%
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Key Points From Table Of Content :
Company Profiles :
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View)*
Introduction
AT&T, Inc.
Cisco Systems, Inc.
Fleetmatics Group PLC
IBM Corporation
Verizon Communications, Inc.
I.D. Systems, Inc.
Trimble Navigation Limited
Telogis
Zonar Systems
Workwave LLC
Key Innovators
• Magellan (Mitac Digital Corporation)
• Cartrack Technologies Co.,Ltd
• Eresource Infotech Pvt. Ltd.
• SG Fleet Group Ltd.
Premium Insights
• Attractive Market Opportunities in the Market
• Market By Solution, 2016–2021
• Fleet Management Market: Top Services and Solutions
• Lifecycle Analysis, By Region
• Market Investment Scenario
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