Global Fleet Management Software Market by Component, Solution Types, Fleet Types, Deployment, End-User, and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026

The global fleet management software market is anticipated to expand at a considerable CAGR during the forecast period, 2020–2026. This growth is attributed to the rapid technological advancements in the automotive industry, rising industrialization and government initiatives.

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Fleet Management involves a series of diverse tasks for businesses who rely on transportation, controlling costs, productivity, efficiency and risks in vehicle acquisition, fuel management, compliance and more. Fleet Management is a function which allows companies which rely on transportation in business to remove or minimize the risks associated with vehicle investment, improving efficiency, productivity and reducing their overall transportation and staff costs, providing 100% compliance with government legislation and many more.

Fleet management software is a solution that enables businesses and organization to manage, organize, and coordinate their fleet vehicles from a centralized data platform. The main objective is to maintain the operation of the fleet very smoothly by lowering expenses, enhancing efficiency and ensuring compliance with public regulations. Increasing ecommerce sector and cab services that have significantly increased the need for efficient fleet management solutions.

Market Trends, Drivers, Restraints, and Opportunities:

Rising industrialization is leading to the demand for a large number of high capacity vehicles for large-scale transport and shipment of goods and services in several countries across the world and thus is fueling the growth of the market.
Demand from the end-user industries for real time tracking of the fleet, cloud-based fleet management software solutions deployment is fueling the growth of the market.
Increasing government investment in the automotive fleet management sector also is driving the growth for the market.
Maintenance of an entire fleet of vehicles requires high cost and space which is a key restraint of the market.
Increasing sales of vehicles in the retail segment is expected to restrain the automotive fleet market in the near future, thus hampering market growth.
Adoption of telematics to integrate connected data into fleet management to bring about vehicle connectivity benefits is going to foster the growth of the market during the forecast period. This will reduce the cost and provide increased safety.

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Competitive Landscape:

Major companies in the global fleet management software market include TeleNav, TomTom, Trimble, Cisco Systems Inc., Verizon Telematic, AT&T, Donlen, Geotab, Masternaut, I.D. Systems, Merchants Fleet, IBM Corporation, Omnitracs,Teletrac Navman, WorkWave.

The global fleet management software market has been segmented on the basis of

Component

Solutions
Services

Solutions Types

Operations Management
Driver Management
Vehicle Maintenance & Diagnostics
Safety & Compliance Management
Performance Management
Fleet Analytics and Reporting

Fleet types

Passenger Vehicles
Commercial Vehicles
Heavy
Light

Deployment

Cloud
On-Premise

End-Users

Government
Transportation & Logistics
Mining and Construction
Energy Sector
Others (Manufacturing etc.)

Regions

Asia Pacific
Europe
North America
Middle East & Africa
Latin America

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Table of Contents

Executive Summary
Assumptions and Acronyms Used
Research Methodology
Fleet Management Software Market Overview
Global Fleet Management Software Market Analysis and Forecast by Type
Global Fleet Management Software Market Analysis and Forecast by Application
Global Fleet Management Software Market Analysis and Forecast by Sales Channel
Global Fleet Management Software Market Analysis and Forecast by Region
North Fleet Management Software Market Analysis and Forecast
Latin Fleet Management Software Market Analysis and Forecast
Europe Fleet Management Software Market Analysis and Forecast
Asia Pacific Fleet Management Software Market Analysis and Forecast
Middle East & Africa Fleet Management Software Market Analysis and Forecast
Competition Landscape

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