DUBLIN--(BUSINESS WIRE)--The "Global Fleet Management Market (2020-2025) by Solutions, Services, Fleet Type, Deployment, Communication Technology, Industry, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Fleet Management Market is estimated to be USD 18.8 Bn in 2020 and is expected to reach USD 33.1 Bn by 2025, growing at a CAGR of 12%.
Fleet management technologies are widely used in managing land, marine, and aviation automotive fleets in location tracking, fuel efficiency, predictive maintenance, and monitoring.
The fleet management solution market is characterized by high fragmentation, low levels of product differentiation, rising presence of original equipment manufacturers, and reducing hardware and connectivity costs. It helps the businesses take proactive action towards maintaining their vehicles, reducing the repair & maintenance costs, and minimizing the vehicle downtime.
It also reduces fuel & overall running costs, enhanced safety, and optimized the fleet operations with real-time fleet tracking and monitoring. Fleet management also enables the organizations to keep track and maintain their vehicles cost-effectively and more efficiently.
COVID-19 pandemic has also impacted growth. Due to the pandemic, there is a reduction in commercial traffic, which has impacted every sector across the globe, including industrial, retail, commercial, and warehouses. The most impacted sector in the commercial fleet segment is local passenger transportation, which includes railways, buses, taxis, etc. Other issues faced by this sector include lack of transparency and standardization in safety and data integrity, which could also restrain the market growth.
Increasing government regulations and the need for optimization of fleet operating expenses helps in driving the growth of the Fleet Management Market. Furthermore, with the increasing adoption of cloud and wireless technology, the Fleet Management Market is expected to boost soon. The cloud and wireless technology provide quick access & response, wide coverage area, and reduced cost. It helps the vendors to increase productivity, efficiency, and ROI (Return on Investment).
Furthermore, cost sensitivity is also expected to decrease among local players. The average selling prices of fleet management software & communication technology are expected to decline during the forecast period. The decline of hardware and software costs and the increasing need for operational efficiency among fleet owners fuels the market growth.
Market Dynamics
Drivers
- Need for Operational Competency in Fleet Management
- Compulsion of Electronic Logging Device (ELD) Implementation
- Growing Adoption of Cloud Computing and Big Data Analytics Solutions for Streamlining Fleet Management Operations
- Mandatory Government Regulations
Restraints
- The Rising Risk of Security in Software
- The Volatility of Fuel Costs
Opportunities
- Introduction of Autonomous Fleets to Provide Multiple Partnership Opportunities
- The growing Vehicle Replacement Market
- Harnessing Telematics Data for Making Informed Business Decisions
Challenges
- Increasing Cyber Threats and Data Breaches Incidents
- Lack of Awareness among Smaller Fleet Owners
Key Topics Covered:
1. Report Description
2. Research Methodology
3. Executive Summary
4. Market Overview
4.1 Introduction
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Challenges
4.3 Trends
5. Market Analysis
5.1 Porter's Five Forces Analysis
5.2 Impact of COVID-19
5.3 Ansoff Matrix Analysis
6. Global Fleet Management Market, By Solutions
6.1 Introduction
6.2 Operations Management
6.2.1 Fleet Tracking and Geofencing
6.2.2 Routing and Scheduling
6.3 Performance Management
6.3.1 Driver Management
6.3.2 Fuel Management
6.4 Fleet Analytics and Reporting
6.5 Vehicle Maintenance and Diagnostics
6.6 Others (Crash management and toll management)
7. Global Fleet Management Market, By Services
7.1 Introduction
7.2 Professional Services
7.2.1 Consulting
7.2.2 Implementation
7.2.3 Support and Maintenance
7.3 Managed Services
8. Global Fleet Management Market, By Fleet Type
8.1 Introduction
8.2 Commercial Fleets
8.2.1 Light Commercial Vehicles
8.2.2 Medium and Heavy Commercial Vehicles
8.3 Passenger Cars
8.3.1 Internal Combustion Engine
8.3.2 Electric Vehicles
9. Global Fleet Management Market, By Deployment
9.1 Introduction
9.2 Cloud
9.3 On-Premises
10. Global Fleet Management Market, By Communication Technology
10.1 Introduction
10.2 GNSS (Satellite)
10.3 Cellular System
11. Global Fleet Management Market, By Industry
11.1 Introduction
11.2 Automotive
11.3 Transportation & Logistics
11.4 Retail
11.5 Government
11.6 Others (Manufacturing, Construction, and Energy)
12. Global Fleet Management Market, By Geography
12.1 Introduction
12.2 North America
12.2.1 US
12.2.2 Canada
12.2.3 Mexico
12.3 South America
12.3.1 Brazil
12.3.2 Argentina
12.4 Europe
12.4.1 UK
12.4.2 France
12.4.3 Germany
12.4.4 Italy
12.4.5 Spain
12.4.6 Rest of Europe
12.5 Asia-Pacific
12.5.1 China
12.5.2 Japan
12.5.3 India
12.5.4 Indonesia
12.5.5 Malaysia
12.5.6 South Korea
12.5.7 Australia
12.5.8 Russia
12.5.9 Rest of APAC
12.6 Rest of the World
12.6.1 Qatar
12.6.2 Saudi Arabia
12.6.3 South Africa
12.6.4 United Arab Emirates
12.6.5 Latin America
13. Competitive Landscape
13.1 Competitive Quadrant
13.2 Market Share Analysis
13.3 Competitive Scenario
13.3.1 Mergers & Acquisitions
13.3.2 Agreements, Collaborations, & Partnerships
13.3.3 New Product Launches & Enhancements
13.3.4 Investments & Fundings
14. Company Profiles
14.1 Fleetmatics Group PLC
14.2 Teletrac Navman US Ltd.
14.3 Inseego Corporation
14.4 ARI Fleet Management Co.
14.5 Webfleet Solutions B.V.
14.6 Cisco Systems, Inc.
14.7 TomTom N.V.
14.8 Omnitracs LLC
14.9 Wheels, Inc.
14.10 GoFleet Corporation
14.11 Spireon, Inc.
14.12 Trimble Inc.
14.13 Geotab Inc.
14.14 Masternaut Limited
14.15 Automile Inc.
14.16 Azuga Inc.
14.17 Chevin Fleet Solutions
14.18 Donlen Corporation
14.19 Verizon Connect
14.20 Fleetroot
For more information about this report visit https://www.researchandmarkets.com/r/ytxo2v
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