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New study: Global fleet management system market trends and forecast from 2017 to 2022

New study: Global fleet management system market trends and forecast from 2017 to 2022

The Global Fleet Management System Market Research Report Forecast 2017-2022 is a valuable source of insightful data for business strategists. It provides the Fleet Management System industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable).

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The fleet management market size is expected to grow from USD 15.78 Billion in 2017 to USD 32.66 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 16.8%.

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The major drivers of the market include the growing need for operational efficiency, resulting in increased demand for fleet management, adoption of cloud computing in fleet, thereby streamlining the fleet management operations, and declining hardware and connectivity costs, leading to increased deployment of fleet management solutions.

The scope of the report covers the fleet management market analysis by type (solutions and services), deployment type, fleet type, and region. The operations management solution is expected to have the largest market share during the forecast period, owing to the much needed functionalities, such as the real time-tracking of vehicle location, geo-fencing, and route optimization, aiding in optimizing the fuel usage.

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The vehicle maintenance and leasing solution is expected to grow at the highest CAGR during the forecast period because fleets are increasingly opting for leasing to cut down the expenses, and increasing the focus and spending on vehicle maintenance to increase the lifecycle of the vehicles and decrease the vehicle down time.

Global Fleet Management System Market: Regional Segment Analysis
North America
Europe
China
Japan
Southeast Asia
India

The Major players reported in the market include:
Omnitracs
Trimble
Fleetmatics
Telenav
Teletrac
EMKAY
Gurtam
FleetCor
Navman Wireless.

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