The Competitive Scenario provides an outlook analysis of the various business growth strategies adopted by the sellers. The news covered in this section deliver valuable thoughts at different stage while keeping up-to-date with the business and engaging stakeholders in the economic debate. The areas included in the report are made by using the data of the key business sector. It also provides region-wise and country-wise growth rates of the Fleet Management System Market. It also covers breakdown by product and application by incorporating details of the market size depending on development and applications. The report provides insights on Market Penetration, Market Development, Market Diversification, Competitive Assessment and intelligence, and Product Development and innovation.

Fleet Management System Market, By Solution (Operations Management, Vehicle Maintenance and Diagnostics, Performance Management, Fleet Analytics and Reporting), Service (Professional and Managed), Deployment Type, Fleet Type and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Market Overview

The global Fleet Management System Market size is projected to reach a CAGR of 11.2% from 2021-2028.

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A Fleet Management System is a combination of software, hardware, and communication technology. The combined effect of these technologies helps the fleet owners to track and maintain the vehicles and thereby makes them more accessible, identifiable, and cost-effective. It involves managing all the aspects of a vehicle in a company. Three basic components of fleet management are position & material monitoring, production monitoring & equipment assignment, & optimization.

Increasing adoption of the technology, mandatory incorporation of Electronic Logging devices in vehicles, and the increase in international trade are some of the factors that have supported the long-term expansion of the Fleet Management System Market.

Regional Analysis

APAC is expected to grow at the highest CAGR during the forecast period. The region is transforming dynamically with respect to the adoption of new technologies across various sectors. The infrastructural growth in APAC, especially in Japan, South Korea, Australia, Singapore, China, and India.

Key Players

·         Mix Telematics

·         Geotab, Teletrac Navman

·         Automotive Rentals Inc.

·         Omnitracs

·         Trimble

·         Verizon Connect

·         Wheels, Inc.

·         Chevin Fleet Solution

·         Donlen Corporation

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Recent Developments

·         In April 2019, Teletrac Navman launched Build Your Own Report, a solution added to the DIRECTOR Analytics platform, to enable users to transform data from telematics devices into accessible reports in any format and with advanced capabilities. This solution helps organizations focus on critical parameters.

·         In February 2021, Inseego entered into an agreement with Convergence Partners, an investment management firm focused on the technology, media, and telecom sector in Africa, to sell its South African division of Ctrack. The sale of the South African Ctrack operations is a part of the company’s strategy to focus solely on target markets that are closely aligned with the growth of their 5G business.

Reasons to Acquire

·         Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors

·         Gain authentic and granular data access for Fleet Management System Market so as to understand the trends and the factors involved behind changing market situations

·         Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future

·         In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Table of Contents

Fleet Management System Market is segmented into component, deployment type, fleet type and region.

On the basis of Component

·         Solutions

·         Services

On the basis of Deployment Type

·         On-Premises

·         Cloud                                                             

On the basis of Fleet Type

·         Commercial Fleet

·         Light commercial vehicle

·         Medium and heavy commercial vehicles

·         Passenger cars

·         Internal combustion engine

·         Electric vehicles

On the basis of Region

·         Asia Pacific

·         North America

·         Europe

·         South America

·         Middle East & Africa

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