Registering a CAGR of 8.5% over the forecast period of 2022-2027, the global Fleet Management System market size is anticipated to reach the market value of USD 15270 million in the year 2027 from USD 8621.3 million in the year 2021.
Fleet Management System is a grouping of software, hardware, and communication technology. The combined effect of these technologies helps the fleet owners to track and continue the vehicles and thereby makes them more accessible, identifiable, and cost-effective. It involves handling all the aspects of a vehicle in a company. Three basic components of fleet management are position and material monitoring, production monitoring and equipment assignment, and optimization.
A fleet management system indicates the control and efficient administration of commercial automobiles that includes vans, cars, trucks, aircraft, and marine vessels. Fleet management systems are integrated with the software tools in order to derive the streamline the routine task and improve employee efficiency.
A fleet management system is formed by the integration of hardware, software, and communication technologies. It provides a platform to fleet operators to efficiently control, track, and monitor commercial vehicles. They improve the overall operational efficiency by reducing the non-value-added activities of the operators. Fuel cards are used for fuel management while driver safety systems monitor driver behavior. Other solutions are employed for location or tracking of vehicles, driver navigation assistance, and ensuring that the operators meet the regulatory standards set by their respective national governments.
Omnitracs Latest ELD Supplier to Be Comfortable with June Start Date
“The Canadian ELD Mandate is coming, and Omnitracs remains committed to ensuring our customers are compliant by the June 12, 2021 deadline. Since the mandate was announced in 2019, we’ve been working diligently to support it and support the motor carriers, drivers, and enforcement personnel who will be affected. In the spirit of our support, we will be applying for third-party certification on devices we intend to make compliant, along with providing training and preparation materials to the industry. Rest assured, we will obtain certification and help you ensure you’re ready by the mandate deadline.
Fleet Management System Market is segmented based on the Type, Applications and Regions.
By Type, it is segmented into
By Applications, it is segmented into
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. The growth of the fleet management market in Asia Pacific is also driven by the region's untapped market strength, increase in awareness about driver safety and accident prevention, upcoming regulations to improve road safety, growth in transportation and logistics industries, and the advent of 4G LTE technology and smartphones.
North America accounted for the largest market share of 33.85% in 2021, with a market value of USD 6,612.40 Million, and is projected to grow at a CAGR of 10.12% during the forecast period. Europe was the second-largest market in 2021, valued at USD 5,889.89 Million in 2020.
Scope of the Report covers Fleet Management System Market with detailed analysis of the overall scenario for the market. It also highlights the business participants environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this Fleet Management System Market analysis report as it has vital details to provide about regional markets, expected opportunities for the prediction time period 2022-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how worldwide market is working through efficient information graphics.
Forecast Period 2022 to 2027 CAGR
CAGR of 8.5% during the review period (2022 to 2027).
Omnitracs, Trimble Inc. (NasdaqGS :TRMB), Fleetmatics, Alphabet Inc. (NasdaqGS :GOOG), Telenav, Arvento, Teletrac, EMKAY, Gurtam, ARI, FleetCor, Navman Wireless, TomTom, I.D. Systems, AssetWorks, BSM Wireless, E6GPS
• North America
• Rest of the World
• Rest of Europe
• South Korea
• Rest of Asia-Pacific
• Middle East & Africa
• Latin America
2017 to 2021
2022 to 2027
Number of Pages
Yes, the report can be customized as per your needs
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
What is the study period of this market?
The Fleet Management System Market is studied from 2017 - 2027.
Who are the key players in Fleet Management System Market?
Omnitracs, Trimble Inc. (NasdaqGS :TRMB), Fleetmatics, Alphabet Inc. (NasdaqGS :GOOG), Telenav, Arvento, Teletrac, EMKAY, Gurtam, ARI, FleetCor, Navman Wireless, TomTom, I.D. Systems, AssetWorks, BSM Wireless, E6GPS, Mike Albert, Microlise, Etrans, Wiesless Matrix, Scania Fleet, Transcore, Transics, Blue Tree, Fleetboard, Inosat, Tracker SA, Zonar, Dynafleet.
What are the significant types of Fleet Management System Market?
Fleet Management Telematics Products, Camera Products, Asset Tracking Products, Others.
What are the major end-use applications of the Fleet Management System Market?
Logistics and Transportation, Public Transportation, Others.
What segments are covered in the Fleet Management System Market report?
The Global Fleet Management System Market is Segmented on the basic of Product, Application, and Geography.
How can I get a sample report/company profile for the Fleet Management System Market?
The sample report for the Fleet Management System Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.