The global Fleet Management System market is currently witnessing double-digit growth.
Fleet management (FM) refers to the administration and control of commercial automobiles, including cars, vans, trucks, marine vessels and aircraft. It involves performing functions such as vehicle acquisition, fuel management, vehicle maintenance, driver safety and compliance. FM systems are also integrated with software programs to streamline routine tasks and improve employee efficiency. They help in managing fuel and maintenance costs, provide real-time access to the fleet, improve the life span of vehicles, increase customer retention rates and driver satisfaction. Owing to these benefits, these systems find extensive application across energy and utilities, automotive, manufacturing, retail, construction, logistics and transport industries.
The increasing adoption of cloud computing systems and the integration of the Internet of Things (IoT) with the transportation industry, are among the key factors driving the growth of the market. Furthermore, a significant increase in the mining industry that utilizes FM systems to monitor driver behavior, enhance overall safety and reduce maintenance costs, have provided a boost to the market growth. In addition to this, rapid adoption of wireless technology and advancement in 4G and 5G technologies offering wide area coverage, enhanced productivity, along with quick access and response to the users, are also creating a positive impact on the market. The availability of services, including asset management, two-way communication and customer relationship management, are also resulting in the increased utilization of the FM systems. Moreover, the implementation of favorable policies to promote smart transport systems, coupled with innovations, such as in-vehicle cameras with telematics compatibility and remote tachograph reporting, are projected to drive the market in the upcoming years. Looking forward, the analyst expects the market to register a CAGR of around 14% during 2020-2025.
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 United States Canada Asia Pacific China Japan India South Korea Australia Indonesia Others Europe Germany France United Kingdom Italy Spain Russia Others Latin America Brazil Mexico Others Middle East and Africa
Competitive Landscape: The competitive landscape of the industry has also been examined with some of the key players being 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., etc.
Key Questions Answered in This Report: How has the global fleet management system market performed so far and how will it perform in the coming years? What are the key regional markets? What is the breakup of the market based on the component? What is the breakup of the market based on the vehicle type? What is the breakup of the market based on the end-use sector? What is the breakup of the market based on the technology? What is the breakup of the market based on the deployment type? What are the various stages in the value chain of the industry? What are the key driving factors and challenges in the industry? What is the structure of the global fleet management system market and who are the key players? What is the degree of competition in the industry?
Our reports have been used by over 10K customers, including:
The global password management market exhibited strong growth during 2015-2020. A password is a series of characters that allows access to a service or device while offering a line of protection against unauthorized access. Password management is a software solution that assists in managing and organizing passwords...
The global control valves market exhibited moderate growth during 2015-2020. A control valve is a mechanical device that is used to regulate the flow of a liquid or gas through internal passages. It consists of a pneumatically or electrically operated actuator that is mounted on a valve for modulating the flow. Some...
District cooling (DC) is the cooling equivalent of district heating.This process involves supplying chilled water (usually between 4 and 8 degrees Celsius) from a central plant to multiple buildings via insulated underground pipes.
The cooled water is then used to chill the indoor air in buildings before being sent back to the central...
The Asia-Pacific (APAC) managed software defined-wide area network (SD-WAN) services market is in the early growth phase of the product life cycle, but in the last few years connectivity and broadband speeds have seen major improvement across the region.In turn, businesses are increasingly moving towards hybrid clouds and want to deploy SD-WAN.
The global application delivery controller market exhibited strong growth during 2015-2020. An application delivery controller (ADC) is a computer networking device that is used in data centers for maintaining uninterrupted communication channels. The controller is commonly placed between the firewall and application...
120 pages •
By Infiniti Research Limited
• May 2021
Global Industrial Emission Control Systems Market 2021-2025 The analyst has been monitoring the industrial emission control systems market and it is poised to grow by USD 3.33 billion during 2021-2025, progressing at a CAGR of over 4% during the forecast period. Our report on the industrial emission control systems market...
In 2013, China initiated the China Belt and Road Initiative (CBRI) to connect Asia, Europe, and Africa through a series of land and sea routes which would ensure greater connectivity and promote commerce between China and the rest of the world.China has aggressively promoted this endeavor that seeks to reestablish a series of trade routes...
KEY FINDINGS The global cyber situational awareness market is estimated to record a CAGR of 17.78% during the forecast period, 2021-2028. The major growth drivers include wireless technology implementation, frequent cyberattacks, cloud technology adoption in multiple sectors, and business data digitization. MARKET...
The COVID-19 pandemic has not only hindered global manufacturing output but has also hastened the shift toward Industry 5.0. Digitalization and automation are rapidly shaping business strategy, with nearly 90% of companies embracing digital transformation in the short term. In an effort to become more resilient and shock-proof, manufacturers,...
The global personal identity management market reached a value of US$ 11.5 Billion in 2020. Personal identity management (PIM), refers to a process of securing and managing information and resources of an organization or an individual. Organizations generally issue and use digital identities and credentials, such as usernames and passwords,...
Internet Of Things
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.