Fleet Management Market

Increasing operational fleet efficiency, fleet security, and optimized fuel management are major trends driving the growth of the market. At what rate is the market projected to grow? The year-over-year growth for 2020 is estimated at 5.23% and the incremental growth of the market is anticipated to be $ 153.63 bn.

Fleet management market. Market Overview. Fleet management (FM) is broadly used to define solutions for different vehicle related applications. Fleet management solution is a vehicle-based system which is similar to GPS but the difference is it also used for logging in data to the systems, GPS and data communication to a back office application. The Europe Fleet Management Market is expected to reach a CAGR of 16.2% during the forecast period (2020-2025). Favorable market regulations, coupled with a growing emphasis on operational efficiency, are driving the growth of fleet management in the European region. Global Fleet Management Solutions market report calculates the market size, share, sales volume, price, revenue, gross margin and top key players analysis for the forecast period. Global IoT Fleet Management Market Report by Orbis Research presents a well-researched and verified information profile that upholds information on various factors and facets in the global IoT Fleet Management market. The report takes a detailed tour of the regional and local profile demonstrating key elements governing noteworthy alterations in the various regions that collectively ensure a.

The fleet management market has been greatly affected by rising operational costs, rooting from the increased demand for utility vehicles, rising expenditure on maintenance, and steady growth in compliance costs. Fleet management solutions are being widely used by large- and medium-scale fleet owners for streamlining operations. Fleet Management Market research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry. Fleet Management Market size is expected to grow rapidly over the forecast period due to increasing demand for improving the operational efficiency of logistics and transportation companies, development of the wireless technology, and advancements in the automotive sector such as connected vehicles and autonomous driving. The increase in mobile network connectivity, network range, and steps. The installation of fleet management software can often give company employees the feeling that “Big Brother” is watching them. But according to Lawn & Landscape’s first-ever State of the Fleet Management Market report, sponsored by Lytx, only 10% of users in the industry said employees resented it being installed.

The report "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 2025", is expected to grow from USD 19.9 billion in 2020 to USD 34.0 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 11.3%. Fleet Management Market in Europe 2020-2024: Key Highlights. CAGR of the market during the forecast period 2020-2024 Detailed information on factors that will assist fleet management market growth. Dataintelo offers a latest published report on Global Internet of Things Fleet Management Market industry analysis and forecast 2019–2025 delivering key insights and providing a competitive advantage to clients through a detailed report. This is a latest report, covering the current COVID-19 impact on the market. The pandemic of Coronavirus (COVID-19) has affected every aspect […] Technavio has been monitoring the railway fleet management market and it is poised to grow by USD 3.84 billion during 2020-2024, progressing at a CAGR of over 13% during the forecast period.

LONDON--(BUSINESS WIRE)--Technavio has been monitoring the railway fleet management market and it is poised to grow by USD 3.84 billion during 2020-2024, progressing at a CAGR of over 13% during. The global internet of things (IoT) fleet management market size was valued at USD 3,501.0 million in 2016. Growing need for optimum operational efficiencies and vehicle safety is one of the key trends stimulating market growth Market Scenario:, Fleet management is the process of managing vehicle fleet in an organization. Mismanaging a vehicle fleet can have significant effect on an organized operation. Fleet management typically includes vehicles such as trucks, cars and corporate fleets, commercial and freight aircrafts, buses and trams and also container. 10 fleet management market size, by deployment type (page no. - 93) 10.1 introduction figure 25 cloud segment to account for a larger market size in 2025 table 50 market size, by deployment type, 2015–2019 (usd million) table 51 market size, by deployment type, 2019–2025 (usd million) 10.2 on-premises 10.2.1 on-premises: market drivers

Fleet Management Market Outlook - 2022. Fleet Management Market size is expected to reach $34,629 million by 2022, from $7,755 million in 2015, growing at a CAGR of 24.5% from 2016 to 2022. Fleet management enables enterprises to track and maintain their vehicles in a cost-effective, quick, and accessible way. It involves functions such as. The restraining factors of fleet management market are as follows: Price sensitivity of fleet possessors . The fleet management market is segmented on the lines of its deployment, solution, service, connectivity, vertical and regional. Based on deployment segmentation it covers hybrid, on premises and cloud. in the multi­brand fleet management market. Historically, the business was largely dom - inated by fleet management companies fully or partially owned by large banks. And today, several of the largest players still are. In recent years however, several OEMs have (re­)entered the multi­brand fleet manage-ment market, or substantially expanded Fleet Management Market End-User Industry Analysis. On the basis of End-User Industry, the Fleet Management market has been segmented into Retail, Government, Transportation & Logistics, Automotive, Manufacturing, Construction, and Energy. By End-User Industry, Automotive will lead the market in the account of growing numbers of light and heavy.

Fleet Management Market: Summary. The global fleet management market is estimated to grow from USD 15.9 Billion in 2019 to USD 32.5 Billion in 2024 at a CAGR of 15.4%.The factors responsible for the growth of the fleet management market include increasing focus on operational efficiency and supportive governmental regulations.