Fleet Management Solutions Market | Size, Growth, Trends | Industry Analysis & Forecast
Fleet management solutions market is expected to witness significant growth over the coming years owing to several cost benefits over its counterparts including Software-as-a-Service (SaaS) and cloud-based deployments. Other factors such as rising number of government regulations and growing need for optimization of fleet operating expenses are expected to further escalate industry demand over coming years. Declining hardware and software costs alongside superior operational efficiency are also supporting fleet management solutions.
North America has witnessed substantial growth owing to the rapid adoption of fleet management solutions and strict government mandates. Asia Pacific currently hold major market share owing to the strong economic developments. Major players dominating the global market include ARI Fleet Management, Azuga, Chevin Fleet Solutions, Ctrack, Donlen Corporation, Geotab, GPS Insight, Masternaut, MiX Telematics, Nextraq, Teletrac Navman, Trimble, Verizon Connect, Wheels, Inc., and Fleetroot.
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The report titled “Fleet Management Solutions Market – Global Market Share, Trends, Analysis and Forecasts, 2020-2030” offers market estimates for a period 2018 to 2030, wherein 2018 is historic period, 2019 is the base year, and 2020 to 2030 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global fleet management solutions market. Furthermore, the report would reflect on the key developments, global & regional sales network, business strategies, security & exchange overview, research & development activities, production facilities, product portfolio, employee strength, and key executive, for all the players considered under the scope of study. For instance, “Inseego entered the telematics software and services industry through the acquisition of Ctrack in October 2015. Ctrack was founded in South Africa in 1985, and today Ctrack operations span over 50 countries on six continents. Through successful global acquisitions, the Ctrack group broadened its international reach by expanding into the United Kingdom, Europe, Australia and the United States, and using distributors in emerging markets such as Asia and the balance of the African continent.”
Moreover, the Fleet management solutions market study takes into consideration market segmentation based on type, solution, deployment, end user, and geography. Based on type, the market is segmented into traditional and smart fleet management solutions. Based on solution, the market is segmented into asset management, information management, driver management, safety and compliance management, risk management, and operations management. On the basis of deployment, the market is segmented into on-premises, hybrid, and cloud]. Based on end user, the global fleet management solution market is segmented into transportation, energy, construction, manufacturing, and other. Geographically, the global market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa.
The study provides in-depth analysis of individual company considered under the scope of study with a focus on all operating business segment, and would identify the segment of the company focusing on fleet management solutions. Further, market share of company in the global fleet management solutions market would also be calculated. For instance, Inseego Corp operates through three business segments namely Telematics and Asset Tracking, IoT and Mobile, and Sales and Marketing. Moreover, Telematics and Asset Tracking business segment of the company deals with fleet management solutions and services.
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The report study takes into consideration the key competitive information such as business strategy, product portfolio, key development, SWOT analysis, and research and development focus of all the fleet management solutions developers and service providers. Furthermore, the global fleet management solutions market study would take into consideration the participants engaged throughout the ecosystem of the market, along with their contribution. Product portfolio would focus on all the products under the fleet management solutions business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global fleet management solutions market. For instance, Inseego Corp reported revenues of US$ 219.3 Million in 2017 and the segment and geographic analysis of the company indicates that South Africa was the major revenue generating region.