HOME Top Market Reports Fleet Management Market by Deployment Type, Solution (Operation, Asset, Driver Management, Vehicle Maintenance & Leasing, and Driver Information System,) Connectivity Technology, Industry, Service, and Region - Global Forecast to 2021

Fleet Management Market by Deployment Type, Solution (Operation, Asset, Driver Management, Vehicle Maintenance & Leasing, and Driver Information System,) Connectivity Technology, Industry, Service, and Region - Global Forecast to 2021

By: marketsandmarkets.com
Publishing Date: September 2016
Report Code: TC 2867

 

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The fleet management market size is estimated to grow from USD 9.54 Billion in 2016 to USD 27.90 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 23.9% during the forecast period. 2015 is considered to be the base year while the forecast period is 2016–2021.

Objectives of the Study

  • To define, describe, and forecast the global fleet management market on the basis of solution, connectivity technology, service, and vertical
  • To provide detailed information regarding the key factors influencing market growth (drivers, restraints, opportunities, and challenges)
  • To strategically analyze subsegments with respect to individual growth trends, future prospects, and contribution to the total market
  • To forecast the market size of market segments with respect to five main regions, namely North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America
  • To analyze opportunities in the market for stakeholders and provide strategic profiles of the key players in the market to comprehensively analyze the core competencies and draw the competitive landscape for the market
  • To track and analyze competitive developments such as mergers and acquisitions, new product developments, and Research and Development (R&D) activities in the market

The research methodology used to estimate and forecast the fleet management market begins with capturing data on key vendor’s revenues through secondary sources such as company financials, journals, press releases, paid databases, annual reports, and others. The vendor offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global fleet management market from the revenue of the key players in the market. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key people, such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and to arrive at the exact statistics for all segments and subsegments. The breakdown of primary profiles is depicted in the below figure:

Fleet Management Market

To know about the assumptions considered for the study, download the pdf brochure

The fleet management ecosystem comprises fleet management vendors, such as AT&T Inc. (U.S.), Verizon Communications (U.S.), Zonar Systems (U.S.), Fleetmatics Group (U.S.), Trimble Navigation Ltd. (U.S.), Telogis (U.S.), ID Systems Inc. (U.S.), Workwave LLC (U.S.), Eresource Infotech Pvt. Ltd. (India), Magellan (U.S.), and CarTrack Technologies Co. Ltd. (SA); service providers; system integrators; and enterprises. Other stakeholders of the fleet management market include security service providers, consulting service providers, IT service providers, resellers, enterprise users, and technology providers.

The target audiences of the fleet management market report are given below:

  • Fleet management solution vendors
  • Shipping lines IT suppliers
  • Warehousing and terminal operators
  • IT suppliers
  • Third-party logistics providers
  • Manufacturers
  • Shipping lines
  • Rail/river transport operators
  • Transportation service providers

“The study answers several questions for the stakeholders; primarily, which market segments to focus in the next two–five years for prioritizing the efforts and investments.”

Scope of the Report

The research report categorizes the fleet management market to forecast the market size and analyze the trends in each of the following submarkets:

On the basis of Deployment Type:

  • Cloud
  • On-premises
  • Hybrid

On the basis of Solution:

  • Operation management
  • Asset management
  • Driver management

On the basis of Service:

  • Professional services
  • Integration and deployment service
  • Managed services

On the basis of Connectivity Technology:

  • Satellite GNSS
  • Cellular system

On the basis of Vertical:

  • Manufacturing
  • Government
  • Transportation and logistics
  • Energy and utilities
  • Retail
  • Construction
  • Others

On the basis of Region:

  • North America
  • Europe
  • Middle East and Africa
  • Asia-Pacific
  • Latin America

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Introduction
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions and Limitations

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 32)
    4.1 Attractive Market Opportunities in the Market
    4.2 Market By Solution, 2016–2021
    4.3 Fleet Management Market: Top Services and Solutions
    4.4 Lifecycle Analysis, By Region
    4.5 Market Investment Scenario

5 Fleet Management Market Overview (Page No. - 35)
    5.1 Introduction
    5.2 Evolution
    5.3 Market Segmentation
           5.3.1 By Deployment
           5.3.2 By Solution
           5.3.3 By Connectivity Technology
           5.3.4 By Service
           5.3.5 By Vertical
           5.3.6 By Region
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Need for Operational Efficiency
                    5.4.1.2 Implementation of Eld Mandate
                    5.4.1.3 Environmental Concerns
                    5.4.1.4 Decreasing Hardware and Connectivity Cost
                    5.4.1.5 Advantages of Automated Scheduling and Reminders
           5.4.2 Restraints
                    5.4.2.1 Cost Sensitivity of Fleet Owners
           5.4.3 Opportunities
                    5.4.3.1 Growth in Regional Economies
                    5.4.3.2 Future High-Tech Vehicles
           5.4.4 Challenges
                    5.4.4.1 Driver’s Security and Safety Issues
                    5.4.4.2 Integration of Fleet Data to Existing Software Systems

6 Industry Trends (Page No. - 44)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Vendors Ecosystem
    6.4 Strategic Benchmarking

7 Fleet Management Market Analysis, By Deployment Type (Page No. - 47)
    7.1 Introduction
    7.2 Cloud
    7.3 On-Premises
    7.4 Hybrid

8 Fleet Management Market Analysis, By Solution (Page No. - 52)
    8.1 Introduction
    8.2 Operation Management
           8.2.1 Routing and Navigation
           8.2.2 Supply Chain Optimization
           8.2.3 Mobile Workforce Management
           8.2.4 Analytics
    8.3 Asset Management
           8.3.1 Vehicle Tracking and Fuel Management
           8.3.2 Sensor Monitoring
           8.3.3 Vehicle Maintenance and Leasing
           8.3.4 Vehicle Security
    8.4 Driver Management
           8.4.1 Driver Information System
           8.4.2 Drive Time Analysis
           8.4.3 Insurance Risk Management

9 Fleet Management Market Analysis, By Connectivity Technology (Page No. - 67)
    9.1 Introduction
    9.2 Satellite Gnss
    9.3 Cellular System

10 Fleet Management Market Analysis, By Service (Page No. - 71)
     10.1 Introduction
     10.2 Professional Services
     10.3 Integration and Deployment Services
     10.4 Managed Services

11 Fleet Management Market Analysis, By Vertical (Page No. - 76)
     11.1 Introduction
     11.2 Manufacturing
     11.3 Government
     11.4 Transportation and Logistics
     11.5 Energy and Utilities
     11.6 Retail
     11.7 Construction
     11.8 Others

12 Geographic Analysis (Page No. - 84)
     12.1 Introduction
     12.2 North America
     12.3 Europe
     12.4 Asia-Pacific (APAC)
     12.5 Middle East and Africa (MEA)
     12.6 Latin America

13 Competitive Landscape (Page No. - 112)
     13.1 Overview
     13.2 Competitive Situation and Trends
           13.2.1 New Product Launches
           13.2.2 Partnerships, Agreements, and Collaborations
           13.2.3 Mergers and Acquisitions

14 Company Profiles (Page No. - 119)
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View)*
     14.1 Introduction
     14.2 AT&T, Inc.
     14.3 Cisco Systems, Inc.
     14.4 Fleetmatics Group PLC
     14.5 IBM Corporation
     14.6 Verizon Communications, Inc.
     14.7 I.D. Systems, Inc.
     14.8 Trimble Navigation Limited
     14.9 Telogis
     14.10 Zonar Systems
     14.11 Workwave LLC

*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

15 Key Innovators (Page No. - 149)
     15.1 Magellan (Mitac Digital Corporation)
     15.2 Cartrack Technologies Co.,Ltd
     15.3 Eresource Infotech Pvt. Ltd.
     15.4 SG Fleet Group Ltd.

16 Appendix (Page No. - 151)
     16.1 Other Developments
           16.1.1 Other Developments: Partnerships, Agreements, and Collaborations
           16.1.2 Other Developments: New Product Launches
     16.2 Industry Experts
     16.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     16.4 Discussion Guide
     16.5 Introduction RT: Real-Time Market Intelligence
     16.6 Available Customizations
     16.7 Related Reports


List of Tables (92 Tables)

Table 1 Fleet Management Components Market Size, 2014–2021 (USD Million)
Table 2 Fleet Management Market Size, By Deployment Type, 2014–2021 (USD Million)
Table 3 Cloud: Market Size, By Region, 2014–2021 (USD Million)
Table 4 On-Premises: Market Size, By Region, 2014–2021 (USD Million)
Table 5 Hybrid: Market Size, By Region, 2014–2021 (USD Million)
Table 6 Fleet Management Market Size, By Solution, 2014–2021 (USD Million)
Table 7 Solutions: Market Size, By Region, 2014–2021 (USD Million)
Table 8 Operation Management: Market Size, By Type, 2014–2021 (USD Million)
Table 9 Operation Management: Market Size, By Region, 2014–2021 (USD Million)
Table 10 Routing and Navigation: Market Size, By Region, 2014–2021 (USD Million)
Table 11 Supply Chain Optimization: Market Size, By Region, 2014–2021 (USD Million)
Table 12 Mobile Workforce Management: Market Size, By Region, 2014–2021 (USD Million)
Table 13 Analytics: Fleet Management Market Size, By Region, 201–2021 (USD Million)
Table 14 Asset Management: Market Size, By Type, 2014–2021 (USD Million)
Table 15 Asset Management: Market Size, By Region, 2014–2021 (USD Million)
Table 16 Vehicle Tracking and Fuel Management: Market Size, By Region, 2014–2021 (USD Million)
Table 17 Sensor Monitoring: Market Size, By Region, 2014–2021 (USD Million)
Table 18 Vehicle Maintenance and Leasing: Market Size, By Region, 2014–2021 (USD Million)
Table 19 Vehicle Security: Market Size, By Region, 2014–2021 (USD Million)
Table 20 Driver Management: Market Size, By Type, 2014–2021 (USD Million)
Table 21 Driver Management: Market Size, By Region, 2014–2021 (USD Million)
Table 22 Driver Information System: Market Size, By Region, 2014–2021 (USD Million)
Table 23 Drive Time Analysis: Market Size, By Region, 2014–2021 (USD Million)
Table 24 Insurance Risk Management: Market Size, By Region, 2014–2021 (USD Million)
Table 25 Fleet Management Market Size, By Connectivity Technology, 2014–2021 (USD Million)
Table 26 Connectivity Technology: Market Size, By Region, 2014–2021 (USD Million)
Table 27 Satellite Gnss: Market Size, By Region, 2014–2021 (USD Million)
Table 28 Cellular System: Market Size, By Region, 2014–2021 (USD Million)
Table 29 Services: Market Size, By Region, 2014–2021 (USD Million)
Table 30 Fleet Management Market Size, By Service, 2014–2021 (USD Million)
Table 31 Professional Services: Market Size, By Region, 2014–2021 (USD Million)
Table 32 Integration and Deployment Services: Market Size, By Region, 2014–2021 (USD Million)
Table 33 Managed Services: Market Size, By Region, 2014–2021 (USD Million)
Table 34 Fleet Management Market Size, By Vertical, 2014–2021 (USD Million)
Table 35 Manufacturing: Market Size, By Region, 2014–2021 (USD Million)
Table 36 Government: Market Size, By Region, 2014–2021 (USD Million)
Table 37 Transportation and Logistics: Market Size, By Region, 2014–2021 (USD Million)
Table 38 Energy and Utilities: Market Size, By Region, 2014–2021 (USD Million)
Table 39 Retail: Market Size, By Region, 2014–2021 (USD Million)
Table 40 Construction: Market Size, By Region, 2014–2021 (USD Million)
Table 41 Others: Market Size, By Region, 2014–2021 (USD Million)
Table 42 Fleet Management Market Size, By Region, 2014–2021 (USD Million)
Table 43 North America: Market Size, By Deployment Type, 2014–2021 (USD Million)
Table 44 North America: Market Size, By Component, 2014–2021 (USD Million)
Table 45 North America: Market Size, By Solution, 2014–2021 (USD Million)
Table 46 North America: Operation Management Market Size, By Type, 2014–2021 (USD Million)
Table 47 North America: Asset Management Market Size, Type, 2014–2021 (USD Million)
Table 48 North America: Driver Management Market Size, By Type, 2014–2021 (USD Million)
Table 49 North America: Market Size, By Connectivity Technology, 2014–2021 (USD Million)
Table 50 North America: Market Size, By Service, 2014–2021 (USD Million)
Table 51 North America: Market Size, By Vertical, 2014–2021 (USD Million)
Table 52 Europe: Fleet Management Market Size, By Deployment Type, 2014–2021 (USD Million)
Table 53 Europe: Market Size, By Component, 2014–2021 (USD Million)
Table 54 Europe: Market Size, By Solution, 2014–2021 (USD Million)
Table 55 Europe: Operation Management Market Size, By Type, 2014–2021 (USD Million)
Table 56 Europe: Asset Management Market Size, By Type, 2014–2021 (USD Million)
Table 57 Europe: Driver Management Market Size, By Type, 2014–2021 (USD Million)
Table 58 Europe: Fleet Management Market Size, By Connectivity Technology, 2014–2021 (USD Million)
Table 59 Europe: Market Size, By Service, 2014–2021 (USD Million)
Table 60 Europe: Market Size, By Vertical, 2014–2021 (USD Million)
Table 61 Asia-Pacific: Market Size, By Deployment Type, 2014–2021 (USD Million)
Table 62 Asia-Pacific: Market Size, By Component, 2014–2021 (USD Million)
Table 63 Asia-Pacific: Market Size, By Solution, 2014–2021 (USD Million)
Table 64 Asia-Pacific: Operation Management Market Size, By Type, 2014–2021 (USD Million)
Table 65 Asia-Pacific: Asset Management Market Size, By Type, 2014–2021 (USD Million)
Table 66 Asia-Pacific: Driver Management Market Size, By Type, 2014–2021 (USD Million)
Table 67 Asia-Pacific: Market Size, By Connectivity Technology, 2014–2021 (USD Million)
Table 68 Asia-Pacific: Market Size, By Service, 2014–2021 (USD Million)
Table 69 Asia-Pacific: Market Size, By Vertical, 2014–2021 (USD Million)
Table 70 Middle East and Africa: Market Size, By Deployment Type, 2014–2021 (USD Million)
Table 71 Middle East and Africa: Market Size, By Component, 2014–2021 (USD Million)
Table 72 Middle East and Africa: Market Size, By Solution, 2014–2021 (USD Million)
Table 73 Middle East and Africa: Operation Management Market Size, By Type, 2014–2021 (USD Million)
Table 74 Middle East and Africa: Asset Management Market Size, Type, 2014–2021 (USD Million)
Table 75 Middle East and Africa: Driver Management Market Size, By Type, 2014–2021 (USD Million)
Table 76 Middle East and Africa: Market Size, By Connectivity Technology, 2014–2021 (USD Million)
Table 77 Middle East and Africa: Market Size, By Service, 2014–2021 (USD Million)
Table 78 Middle East and Africa: Market Size, By Vertical, 2014–2021 (USD Million)
Table 79 Latin America: Fleet Management Market Size, By Deployment Type, 2014–2021 (USD Million)
Table 80 Latin America: Market Size, By Component, 2014–2021 (USD Million)
Table 81 Latin America: Market Size, By Solution, 2014–2021 (USD Million)
Table 82 Latin America: Operation Management Market Size, By Type, 2014–2021 (USD Million)
Table 83 Latin America: Asset Management Market Size, Type, 2014–2021 (USD Million)
Table 84 Latin America: Driver Management Market Size, By Type, 2014–2021 (USD Million)
Table 85 Latin America: Market Size, By Connectivity Technology, 2014–2021 (USD Million)
Table 86 Latin America: Market Size, By Service, 2014–2021 (USD Million)
Table 87 Latin America: Market Size, By Vertical, 2014–2021 (USD Million)
Table 88 New Product Launches, 2015–2016
Table 89 Partnerships and Collaborations, 2015 – 2016
Table 90 Mergers and Acquisitions, 2012–2015
Table 91 Other Developments: Partnerships, Agreements, and Collaborations, 2013–2015
Table 92 Other Developments: New Product Launches, 2013–2014


List of Figures (46 Figures)

Figure 1 Fleet Management Market: Research Design
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Market Breakdown and Data Triangulation
Figure 5 Assumptions
Figure 6 Fleet Management Market Expected to Witness A High Growth During the Forecast Period
Figure 7 Top Three Segments for the Market in 2016–2021
Figure 8 North America is Expected to Hold the Largest Market Share in 2016
Figure 9 Expanding Fleet of Vehicles Globally Pushing the Fleet Management Market During the Forecast Period
Figure 10 Driver Management Solution is Expected to Witness the Fastest Growth During the Forecast Period
Figure 11 Operation Management is Expected to Hold the Largest Market Share in the Solutions Segment
Figure 12 Fleet Management Market Segmentation: By Deployment
Figure 13 Market Segmentation: By Solution
Figure 14 Market Segmentation: By Connectivity Technology
Figure 15 Market Segmentation: By Service
Figure 16 Market Segmentation: By Vertical
Figure 17 Market Segmentation: By Region
Figure 18 Fleet Management Market: Drivers, Restraints, Opportunities, and Challenges
Figure 19 Fleet Management: Value Chain Analysis
Figure 20 Vendors Ecosystem
Figure 21 Companies Adopted Different Strategies to Gain Competitive Advantage
Figure 22 Cloud Deployment is Expected to Be the Highest Contributor in Terms of Market Size
Figure 23 North America is Expected to Lead the Fleet Management Solution Market in Terms of Market Size During the Forecast Period
Figure 24 North America is Expected to Dominate the Fleet Management Market on the Basis of Connectivity Technology During the Forecast Period
Figure 25 North America is Expected to Dominate the Fleet Management Market By Service in 2016
Figure 26 Manufacturing Vertical is Expected to Dominate the Market During the Forecast Period
Figure 27 Asia-Pacific: an Attractive Destination for the Market, 2016–2021
Figure 28 Asia-Pacific is Expected to Grow at the Highest CAGR From 2016 to 2021
Figure 29 North America Market Snapshot
Figure 30 Asia-Pacific Market Snapshot
Figure 31 Companies Adopted New Product Launches and Partnerships as the Key Growth Strategies Over the Last Three Years
Figure 32 Market Evaluation Framework
Figure 33 Battle for Market Share: Agreement, Partnership, Business Expansion, and Collaboration is the Key Strategy
Figure 34 Geographic Revenue Mix of the Top 3 Market Players
Figure 35 AT&T, Inc.: Company Snapshot
Figure 36 AT&T, Inc.: SWOT Analysis
Figure 37 Cisco Systems, Inc.: Company Snapshot
Figure 38 Cisco Systems, Inc.: SWOT Analysis
Figure 39 Fleetmatics Group PLC: Company Snapshot
Figure 40 Fleetmatics Group PLC: SWOT Analysis
Figure 41 IBM Corporation: Company Snapshot
Figure 42 IBM Corporation: SWOT Analysis
Figure 43 Verizon Communications, Inc.: Company Snapshot
Figure 44 Verizon Communications, Inc.: SWOT Analysis
Figure 45 I.D. Systems, Inc: Company Snapshot
Figure 46 Trimble Navigation Limited: Company Snapshot

The fleet management market size is expected to grow from USD 9.54 Billion in 2016 to USD 27.90 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 23.9% during the forecast period. The major growth drivers of the market include the regular scheduled maintenance of fleet and the need to meet compliance requirements.

The fleet management market is segmented by solution, connectivity technology, service, deployment model, vertical, and region. The wireless technology segment is expected to grow at the highest CAGR during the forecast period; wireless technology in the connectivity technologies segment is projected to witness the highest demand due to the increased wireless networks and growing demand for tracking fleets.

Operation management solution holds the largest share of the fleet management market in 2016. The growth is fueled by the growing demand for scheduled maintenance of fleets. Along with the largest market share, operation management solution under solution segment of fleet management is also expected to grow at highest CAGR during the forecast period.

Manufacturing holds the largest share of the fleet management market in 2016. The growth is fueled by the need for global positioning systems and tracking requirement of various systems involved in the verticals. The government vertical is expected to grow at the highest CAGR during the forecast period due to compliance to mandates like Global Positioning Systems (GPS) and Electronic Logging Devices (ELD) for vehicles.

Organizations are rapidly deploying fleet management services either on-premises or on cloud. The demand for cloud-based fleet management services is increasing due to the cost-effective and time-efficient features of cloud; its growth is specifically high in enterprises, where low cost solutions are much required.

The global market has been segmented on the basis of regions into North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America to provide a region-specific analysis in the report. The North American region, followed by Europe, is expected to become the largest revenue generating region for fleet management vendors in 2016. This is mainly because in the developed economies of the U.S. and Canada, there is high focus on innovations obtained from research and development and technology. The APAC region is expected to be the fastest growing region in the fleet management market. The growth in this region is primarily driven by the growing adoption of web- and mobile-based business applications.

Fleet Management Market

The fleet management market faces challenges such as integration of fleet data to existing software system. Moreover, factors such as cost sensitiveness of owners limit the market growth.

Major vendors that offer fleet management services across the globe are AT&T Inc. (U.S.), Verizon Communications (U.S.), Zonar Systems (U.S.), Fleetmatics Group (U.S.), Trimble Navigation Ltd. (U.S.), Telogis (U.S.), ID Systems Inc. (U.S.), Workwave LLC (U.S.), Eresource Infotech Pvt. Ltd. (India), Magellan (U.S.), and CarTrack Technologies Co. Ltd. (SA). These vendors have adopted different types of organic and inorganic growth strategies such as new product launches, partnerships & collaborations, and mergers & acquisitions to expand their offerings in the fleet management market.

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