Fleet management market size is expected to grow from USD 13.78 billion in 2017 to USD 28.66 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 15.8% during the forecast period.
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The key fleet management market vendors profiled in the report are as followsAT&T (US), Donlen Corporation (US), Geotab (Canada), LeasePlan USA (US), Masternaut Limited (UK), Merchants Fleet Management (US), Omnitracs (US), Teletrac Navman (US), Trimble(US), Verizon Telematics (US), Wheels, Inc. (US), WorkWave (US).
The major driver for the upsurge in the demand of the fleet management market is said to be the declining hardware and connectivity costs, leading to the increased deployment of fleet management solutions. The major restraining factor is expected to be the cost sensitivity of fleet owners, which is restricting the deployment of advanced fleet management technologies.
Cloud deployment type is expected to grow at the fastest rate during the forecast period
The cloud deployment type is expected to witness the highest growth rate during the forecast period, owing to its cost-effectiveness, scalability, and ease of accessibility to organizational content, regardless of the employee location, thereby supplementing the business continuity.
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Passenger cars segment is expected to hold the largest market share market during the forecast period
The passenger cars segment is expected to hold largest market share during the forecast period, owing to its large presence and increased deployment of advanced fleet management technology, especially by the fleet leasing companies.
Browse complete report on Fleet Management Market by Solution (Operations Management, Information Management, Risk Management, Vehicle Maintenance & Leasing, Safety & Compliance Management), Service, Deployment Type, Fleet Type and Region - Global forecast to 2022 with 164 pages, 98 tables and 40 figures at
List of Tables
Table 1 United States Dollar Exchange Rate, 2014–2016
Table 2 Fleet Management Market, By Type, 2015–2022 (USD Million)
Table 3 Fleet Management Market Size, By Solution, 2015–2022 (USD Million)
Table 4 Solutions: Market Size, By Region, 2015–2022 (USD Million)
Table 5 Operations Management Market Size, By Type, 2015–2022 (USD Million)
Table 6 Operations Management Market Size, By Region, 2015–2022 (USD Million)
Table 7 Location Tracking and Geo-Fencing Market Size, By Region, 2015–2022 (USD Million)
Table 8 Route Optimization and Navigation Market Size, By Region, 2015–2022 (USD Million)
Table 9 Information Management Market Size, By Type, 2015–2022 (USD Million)
Table 10 Information Management Market Size, By Region, 2015–2022 (USD Million)
Table 11 Vehicle Telematics Market Size, By Type, 2015–2022 (USD Million)
Table 12 Vehicle Telematics Market Size, By Region, 2015–2022 (USD Million)
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Asia Pacific (APAC) is expected to grow at the fastest rate during the forecast period
As per the geographic analysis, the APAC region is expected to witness the fastest growth in the fleet management market, due to the increasing adoption of advanced technologies and increasing Gross Domestic Product (GDP) in countries. North America is expected to hold the largest market share during the forecast period, owing to the early adoption of fleet management technology and the increasing government regulations, policies, and mandates.
The global fleet management market has been segmented on the basis of types (solutions and services), deployment types, fleet types, and regions. A detailed analysis of the regions has been done to provide insights into the potential future business opportunities across different regions.
The report will help the market leaders/new entrants in the fleet management market in the following ways:
- The report segments the fleet management market comprehensively and provides the closest approximations of the revenue numbers for the overall market and sub segments across different regions.
- The report helps the stakeholders understand the pulse of the market and provides them with information on the key market drivers, restraints, challenges, and opportunities.
- The report helps the stakeholders understand the competitors and gain more insights to better their position in the market.
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