Fleet Management System Market

Fleet Management System Market is valued at USD 21.74 Billion in 2021 and is expected to reach USD 44.07 Billion by 2028 with a CAGR of 10.60% over the forecast period.

Increasing demand specifically from the transportation companies to avoid the complexities with the improving efficiency, productivity in business and reducing the overall cost is likely to foster the fleet management system market growth.

Scope of Fleet Management System Market Report–

Fleet management is a combination of advanced technologies and procedures which enable an organization and fleet managers to improve efficiency, reduce costs, and provide compliance with government regulations. It is a kind of administrative methodology that allows companies to organize and coordinate work vehicles. Fleet management system facilitates the company’s overall management and dispatchers to track all vehicles from a particular location. A fleet management system collectively involves bot software and hardware that usually includes three elements such as FMS device, vehicle software, and management interface software.

Fleet management system can perform different functions including dispatch management, tracking and diagnostics, fuel management and vehicle maintenance where user can set the customizable alert as well as it can conduct route planning and communication with drivers. For example; fleet management system has a job-scheduler that helps to schedule and assign different works to vehicles and their drivers.

Fleet management system market report is segmented on the basis of deployment, type, end-use industry and regional & country level. Based upon deployment, the fleet management system market is segmented into cloud, on-premise and hybrid. On the basis of type, the market is classified into vehicle management, driver management and operations management. Furthermore, Based upon the end-use industry, the market is segmented into transportation & logistics, automotive, retail, government, and shipping.

 The regions covered in this Fleet Management report are North America, Europe, Asia-Pacific, and the Rest of the World. On the basis of country level, Fleet Management System market is subdivided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.

Fleet Management System Companies

Top industry players in the Fleet Management System Market are,

• IBM Corporation
• Navico
• TomTom N.V.
• AT&T Inc.
• Fleetmatics Group PLC
• MiTAC International Corporation
• Telogis
• I.D. Systems
• Verizon,
• Cisco Systems, Inc.
• Freeway Fleet Systems

Fleet Management System Market Segmentation:–

By Deployment:-

• Cloud
• On-Premise
• Hybrid

By Type:-

• Vehicle Management.
• Driver Management
• Operations Management

By End-Use Industry:-

• Transportation & Logistics
• Automotive
• Retail
• Government
• Shipping

Increasing Need for Improvement of Operational Efficiency with Reduced Cost and Profitability in the Business Sector are Expected to Witness a High Growth of Fleet Management System market. 

Fleet management market is primarily driven by the many organizations and businesses which heavily rely on logistics and transportation that allows improved efficiency, human resources costs and extends the life span of fleet vehicles. Most of the transport companies considered that the Fleet management system (FMS) is a strategic solution that brings operational competitive advantages such as reduced cost and improved customer service. Similarly, it supports all the required compliance of government regulations associated with fuel efficiency by determining an estimation of the fuel norm.

Moreover, fleet managers are increasingly facing several issues such as constant legislation changes, car market uncertainty, and rising costs of fuel. In order to deal with these issues, a fleet management system plays an important part in handling fleet management activities. In fact, insurance companies have stated that with the use of telematics, there is a 45% reduction in accidents and a 50% reduction in accident payout costs.

However, fleet managers might have to spend a long time in monitoring the units to derive an accurate analysis can turn to include barriers in the growth of this market. Implementation of advanced GPS will lead to improving the applications of future fleet management systems for navigation, driving, and law enforcement.

North America is Expected to Dominate the Global Fleet Management System Market.

North America holds the largest share of the global fleet management market and is expected to continue the same during the forecast period. North American tech companies are increasingly shifted towards fleet management solutions to expand their current telematics and mobility offerings. Thereby, the fleet management industry in this region will continually evolve to become more data-driven in the coming years. The growth of the fleet management market in North American vehicles has gained traction and is expected to grow with a CAGR of 3.4% by the end of 2020.

Additionally, mobility management is a growing trend in North America, whereas people are increasingly using ride-sharing programs. The fleet management systems market in the Asia Pacific is growing at a significant rate due to the increased use of telematics with the rising concerns of operational efficiency in commercial vehicles.

Report Analysis	Details
Historical data	2015 - 2020
Forecast Period	2021 - 2028
Market Size in 2021:	USD 21.74 Billion
Base year considered	2021
Forecast Period CAGR %:	10.60%
Market Size Expected in 2028:	USD 44.07 Billion
Tables, Charts & Figures:	175
Pages	200
Fleet Management System Companies	IBM Corporation, Navico, TomTom N.V., AT&T Inc., Fleetmatics Group PLC, MiTAC International Corporation, Telogis, I.D. Systems, Verizon,, Cisco Systems, Inc., Freeway Fleet Systems
Segments Covered	By Type, By Deployment, By End-Use Industry
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa

 

On Fleet Management System Market Report is also available for the below Regions and Country:

North America

• U.S.
• Canada

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Switzerland
• Belgium
• Rest of Europe

Asia-Pacific

• South Korea
• Japan
• China
• India
• Australia
• Philippines
• Singapore
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Colombia
• Brazil
• Argentina
• Peru
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Key Benefits for Fleet Management System Report–

• Global Fleet Management System report covers in-depth historical and forecast analysis.
• Global Fleet Management System research report provides detailed information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Fleet Management System Companies Competitive Analysis, Regional and Country Level.
• Global Fleet Management System report helps to identify opportunities in the marketplace.
• Global Fleet Management System report covers extensive analysis of emerging trends and competitive landscape.