Fleet Management Market worth $34.0 billion by 2025

Create: 2020-06-26
Update: 2020-06-26
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The report "Fleet Management Market by Component, Application (Supply Chain Management, Location Intelligence, Sales & Marketing, Fraud Detection), Industry Vertical, Deployment Mode, Organization Size, and Region - Global Forecast to 2025", size is expected to grow from USD 12.5 billion in 2020 to USD 38.6 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 25.2% during the forecast period. Emerging technologies such as big data analysis, the Internet of Things (IoT), and Artificial Intelligence (AI) are creating possibilities for better behavior interpretation and the understanding of user behavior. Another factor driving the streaming analytics market is the strategic business shift toward real-time, which accurately forecasts for faster decision making.

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  • 204 Market Data Tables
  • 36 Figures
  • 227 Pages and in-depth TOC on "Fleet Management Market - Global Forecast to 2025"
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Some of the prominent key players are:
  • ARI Fleet Management (US)
  • Azuga (US)
  • Chevin Fleet Solutions (Australia)
  • Inseego (US)
  • Donlen Corporation (US)
  • Geotab (Canada)
  • GPS Insight (US)
  • Masternaut (UK)
  • MiX Telematics (South Africa)

The fleet analytics and reporting segment to record a higher growth rate during the forecast period

In the fleet management market by solution, the fleet analytics and reporting segment is expected to record a higher growth rate during the forecast period. Fleet management solutions aim at reducing risks, improving safety and security, monitoring fleets, and optimizing fleet operations. They help in reducing the total cost of ownership, protecting investments in assets, assisting asset inventory management, facilitating preventative maintenance in compliant with vehicles’ Original Equipment Manufacturers (OEM) guidelines, and reducing repair costs by improving fleet safety.

Among services, the professional service provider segment to have a larger market size during the forecast period

In the fleet management market by service, the professional service provider segment is expected to have a larger market share during the forecast period. Currently, the fleet management market is emerging and expected to grow during the forecast period. Professional service providers study the fleet operations of logistics companies, thereby comprehending business constraints, providing major insights that help these companies optimally utilize all available resources, and making the most of their technological investments.

North America to hold the largest market size during the forecast period

North America is expected to hold the largest market size in the global fleet management market during the forecast period. The US has emerged as a larger country in terms of market size, due to the large scale implementation of fleet management solutions by the organizations and enterprises in the country. The pace of digital transformation in the US is high, high growth of telematics, and advent of the 4G technology in the region are the factors attribute to the fast growth of the fleet management market in the US.

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  • Covid Impact on Fleet Management Market , growth/decline in product type/use cases of Fleet Management Market  due to cascaded impact of Covid on Extended Ecosystem..
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