Fleet Management Market, by Type (Solutions, Services), Deployment Type (On-Premises, Cloud, Hybrid), Fleet Type (Light Commercial Vehicles (LCVs), Medium and Heavy Commercial Vehicles (M&HCVs) – Global Revenue, Trends, Growth, Share, Size, and Forecast to 2022
A huge range of telematics solutions that are primarily designed for empowering commercial-based fleet organizations for increasing profits and maintain sustainability by bringing considerable reduction in consumption of fuel referred as fleet management. It tracks average idle time per vehicle, offering good visibility associated with the vehicle and driver performance, mitigation of overtime payouts, and a list of several other benefits.
Typical solutions of fleet management include certain features such as data logging, satellite positioning, and connectivity to global network for transferring real-time data as well as data communication.
The report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players.
The scope of this report covers the fleet management market by its major segments, which include the types, applications, and the major geographic regions.
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Regionally, the global market for fleet management is segmented as Europe, Latin America, Asia-Pacific, Middle East & Africa and North America. Among these, the North America is anticipated to expand with maximum market share owing to early adoption of latest technologies of fleet management in this region.
Also, Asia Pacific is projected to observe maximum growth in the global market for fleet management over the forecast period owing to growing adoption of latest technologies as well as escalating GDP in the countries.
This report analyzes the fleet management market by the following segments:
- Fleet Management Market, by Type
- Fleet Management Market, by Deployment Type
- Fleet Management Market, by Fleet Type
- Light Commercial Vehicles (LCVs)
- Medium and Heavy Commercial Vehicles (M&HCVs)
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