Fleet Management Market

Fleet Management Market by Solution (Operations Management, Vehicle Maintenance and Diagnostics, Performance Management, Fleet Analytics and Reporting), Service (Professional and Managed), Deployment Type, Fleet Type, and Region - Global Forecast to 2023

Report Code: TC 2867 Apr, 2019, by marketsandmarkets.com

[154 Pages Report] The global fleet management market size is expected to grow from USD 15.9 billion in 2018 to USD 31.5 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 14.7% during the forecast period. The growth of the fleet management market can be attributed to the rising focus of fleet owners on fleet efficiency, and cloud-based deployments of fleet management solutions. The primary factor driving the growth of fleet management market include the increasing government regulations. The other factors supporting the market growth include the decreasing hardware and software costs and the introduction of autonomous fleets.

Fleet Management Market

The cloud segment to constitute a larger market size during the forecast period

By deployment type, the fleet management market is segmented into on-premises and cloud. The cloud segment is expected to grow at a higher CAGR during the forecast period, due to its cost-efficiency and hassle-free integration. Among fleet types, the passenger cars segment is expected to lead the fleet management market in terms of market size during the forecast period.

Among services, the managed services segment to grow at a higher CAGR during the forecast period

Among services, the managed services segment is expected to witness a higher CAGR during the forecast period, due to the increasing focus on primary operations by major companies.  These services offer technical skills that are required to maintain and update the software in the fleet management ecosystem. All pre- and post-deployment queries and needs of customers are addressed under managed services. Companies mainly outsource such services to offer customers on-time delivery. Integrated facility management, consultancy, and round-the-clock helpdesk are some upcoming managed services fleet operators require. The managed services segment is mainly driven by the increasing adoption of outsourced managed services across fleets.

Fleet Management Market

North America to account for the largest market size during the forecast period.

The global fleet management market by region covers 5 major geographic regions, namely, North America, Asia Pacific (APAC), Europe, Latin America, and Middle East and Africa (MEA). North America is expected to grow at a CAGR of 12.0% during the forecast period, due to the early adoption of fleet management solutions and strict government mandates. With the ongoing ELD mandate, this region is expected to dominate the fleet management market, due to the large presence of commercial fleets.

Key Market Players

The key and emerging market players in the fleet management market include ARI Fleet Management (US), Azuga (US), Chevin Fleet Solutions (Australia), Ctrack (US), Donlen Corporation (US), Geotab (Canada), GPS Insight (US), Masternaut (UK), MiX Telematics (South Africa) , Nextraq (US), Teletrac Navman (US), Trimble (US),  Verizon Connect (US), Wheels, Inc (US), and Fleetroot (UAE). These players have adopted various strategies to grow in the global fleet management market

Geotab is a leading player in the fleet management market. The company was the first to provide fleet telematics solutions. It is an established provider of the global positioning system and vehicle tracking offerings. The country is a leader in providing open platform fleet management solutions to businesses of all size

Recent Developments

  • In March 2019, Trimble announced that it introduced an enhancement to its fleet management solution, Trimble PULSE, by adding in it an intelligent telematics platform that connects, monitors, and manages assets for improved decision-making at reduced time.
  • In February 2019, Omnitracs launched Active Mobile Gateway with Communications (AMG-C), an advanced BYOD solution that offers device pairing, flexible connection options, such as WiFi, 4G, LTE, Bluetooth, and simple management. This new launch would help drivers have more flexible solutions using the LTE connectivity while working from anywhere.
  • In October 2018, Masternaut launched its new product PULSE, a telematics product that is a plug and play solution focused on offering cost-effective and hassle-free telematics solutions to its users.
  • In April 2018, Chevin Fleet introduced its new fleet management SaaS package, Fleet Wave Core, specially designed for SMEs to provide them support for essential fleets, maintenance, and compliance management responsibilities.   
  • In March 2018, Geotab launched Garmin ELD Bundle as a part of its Geotab cloud ELD for tracking, managing, and sharing Records Of Duty Status (RODS) having features, such as HOS reporting and driver safety improvement.

 Critical questions the report answers:

  • Where the key developments in the fleet industry are implemented in the last 3 years?
  • What are the upcoming trends for the fleet management market?
  • Which segment provides growth opportunities?
  • Who are the leading vendors operating in this market?
  • What are the opportunities for new market entrants?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 18)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
    1.4 Years Considered for the Study
    1.5 Currency Considered
    1.6 Stakeholders

2 Research Methodology (Page No. - 22)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Breakup of Primaries
                    2.1.2.2 Key Industry Insights
    2.2 Market Size Estimation
    2.3 Market Forecast
    2.4 Competitive Leadership Mapping Research Methodology
    2.5 Research Assumptions and Limitations
           2.5.1 Assumptions for the Study
           2.5.2 Limitations of the Study

3 Executive Summary (Page No. - 31)

4 Premium Insights (Page No. - 36)
    4.1 Attractive Market Opportunities in the Fleet Management Market
    4.2 Market By Component, 2018
    4.3 Market By Solution, 2015–2023
    4.4 Market By Service, 2018 vs 2023
    4.5 Market By Deployment Type, 2018–2023
    4.6 Market By Fleet Type, 2018–2023
    4.7 Market Investment Scenario

5 Market Overview and Industry Trends (Page No. - 40)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Fleet Owners’ Increasing Focus on Operational Efficiency
                    5.2.1.2 Growing Adoption of Cloud Computing and Big Data Analytics Solutions for Streamlining Fleet Management Operations
                    5.2.1.3 Declining Hardware and IoT Connectivity Costs Leading to Increased Deployment of Fleet Management Solutions
                    5.2.1.4 Strict Government Mandates Creating New Revenue Streams for Vendors
           5.2.2 Opportunities
                    5.2.2.1 Harnessing Telematics Data for Making Informed Business Decisions
                    5.2.2.2 Green Fleet Initiatives for Reducing the Environmental Impact and Ensuring Efficient Functioning of Fleets
                    5.2.2.3 Introduction of Autonomous Fleets to Provide Multiple Partnership Opportunities
           5.2.3 Challenges
                    5.2.3.1 Driver Safety and Productivity Affecting Vehicle Uptime
                    5.2.3.2 Inaccurate Geocoding
                    5.2.3.3 Blind Spots in the Network Coverage
                    5.2.3.4 Rapidly Growing Data Volumes and Increasing Cyber Threats
    5.3 Industry Trends
           5.3.1 Unfulfilled Services
           5.3.2 Future Trends

6 Fleet Management Market, By Component (Page No. - 47)
    6.1 Introduction
    6.2 Solutions
           6.2.1 Operations Management
                    6.2.1.1 Fleet Tracking and Geofencing
                               6.2.1.1.1 Idle Time Monitoring of Drivers Helps in Increasing Productivity
                    6.2.1.2 Routing and Scheduling
                               6.2.1.2.1 Efficient Routing Helps in Minimizing the Fuel Consumption Leading to Improved Efficiency
           6.2.2 Vehicle Maintenance and Diagnostics
                    6.2.2.1 Proactive Maintenance and Proper Scheduling Reduces the Vehicle Downtime
           6.2.3 Performance Management
                    6.2.3.1 Driver Management
                               6.2.3.1.1 Driver Management Leads to Faster Delivery and Improved Vehicle Utilization
                    6.2.3.2 Fuel Management
                               6.2.3.2.1 Fuel Management to Support Fleet Performance Optimization and Help Maintain Environmental Sustainability
           6.2.4 Fleet Analytics and Reporting
                    6.2.4.1 Real-Time Analytics Help Optimize Fleet Management Operations By Decreasing Vehicle Downtime and Reducing Fuel Consumption
           6.2.5 Others
    6.3 Services
           6.3.1 Professional Services
                    6.3.1.1 Consulting
                               6.3.1.1.1 Consulting Helps in Effective Utilization of Time and Resources Through Proper Analysis of Impacting Factors
                    6.3.1.2 Implementation
                               6.3.1.2.1 Implementation Services to Witness the Highest Growth in Asia Pacific
                    6.3.1.3 Support and Maintenance
                               6.3.1.3.1 Rapid Deployment of Solutions Leading to Increased Requirement for Support and Maintenance Services
           6.3.2 Managed Services
                    6.3.2.1 Managed Services Help Reduce Cost, Provide In-Time Delivery, and Decrease Complexities

7 Fleet Management Market Size, By Deployment Type (Page No. - 65)
    7.1 Introduction
    7.2 On-Premises
           7.2.1 On-Premises Deployment Ensures Full Control Over the Infrastructure But is Expensive
    7.3 Cloud
           7.3.1 Cost Effectiveness and Flexibility Provided By Cloud-Based Deployment Leading to Increased Adoption of Cloud-Based Fleet Management Solutions and Services

8 Fleet Management Market, By Fleet Type (Page No. - 69)
    8.1 Introduction
    8.2 Commercial Fleets
           8.2.1 Light Commercial Vehicles
                    8.2.1.1 North America is the Largest Contributor of Fleet Management in the LCV Segment
           8.2.2 Medium and Heavy Commercial Vehicles
                    8.2.2.1 Fleet Management in M&HCV to Grow at the Highest Rate in APAC
    8.3 Passenger Cars
           8.3.1 Internal Combustion Engine
                    8.3.1.1 The Adoption Ice-Based Vehicles to Witness A Gradual Decline During the Forecast Period
           8.3.2 Electric Vehicles
                    8.3.2.1 Electric Vehicles to Witness A Rapid Adoption During the Forecast Period

9 Fleet Management Market, By Region (Page No. - 76)
    9.1 Introduction
    9.2 North America
           9.2.1 United States
                    9.2.1.1 Adoption of Latest Fleet Management Solutions By Fleet Managers to Drive the Growth of Fleet Management in the US
           9.2.2 Canada
                    9.2.2.1 Increasing Acquisitions of Companies in Canada By Major Fleet Management Players to Drive the Market Growth in Canada
    9.3 Europe
           9.3.1 United Kingdom
                    9.3.1.1 Integration of Telematics By Organizations in Their Fleet Businesses to Drive the Growth of the Market in This Region
           9.3.2 Germany
                    9.3.2.1 Implementation of Euro 6 Emission Standards Set By the European Union to Hamper the Growth of the Market in Germany
           9.3.3 Rest of Europe
    9.4 Asia Pacific
           9.4.1 China
                    9.4.1.1 Increase in Corporate Fleet Sales Across the Country to Drive the Growth of the Market in China
           9.4.2 Japan
                    9.4.2.1 Advent of Electric Vehicles/Hybrid Cars to Drive the Market in Japan
           9.4.3 Rest of Asia Pacific
    9.5 Latin America
           9.5.1 Brazil
                    9.5.1.1 Security and Theft Protection Regulation in Brazil to Drive the Growth of the Market in Brazil
           9.5.2 Mexico
                    9.5.2.1 Lack of Knowledge of Fleet Management Benefits to Impact the Growth of Fleet Management Solutions By Organizations in Mexico
           9.5.3 Rest of Latin America
    9.6 Middle East and Africa
           9.6.1 Kingdom of Saudi Arabia
                    9.6.1.1 Lack of Good Operational and Remarketing Structure of Fleet Management in the Country to Affect the Growth of the Market in Kingdom of Saudi Arabia
           9.6.2 South Africa
                    9.6.2.1 Lack of Technology Infrastructure and Political Instability to Affect the Growth of the Fleet Management Market in South Africa
           9.6.3 Rest of MEA

10 Competitive Landscape (Page No. - 109)
     10.1 Competitive Leadership Mapping
             10.1.1 Visionary Leaders
             10.1.2 Innovators
             10.1.3 Dynamic Differentiators
             10.1.4 Emerging Companies
     10.2 Ranking of Key Players for the Fleet Management Market, 2018
     10.3 Competitive Leadership Mapping (Startup)
             10.3.1 Progressive Companies
             10.3.2 Responsive Companies
             10.3.3 Dynamic Companies
             10.3.4 Starting Blocks

11 Company Profiles (Page No. - 113)
     11.1 Donlen Corporation
(Business Overview, Products, Solutions & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View)*
     11.2 Geotab
     11.3 Inseego Corp
     11.4 Automotive Rentals Inc.
     11.5 Omnitracs
     11.6 Teletrac Navman
     11.7 Trimble
     11.8 Verizon Connect
     11.9 Wheels, Inc.
     11.10 Mix Telematics
     11.11 GPS Insight
     11.12 Masternaut
     11.13 Nextraq
     11.14 Chevin Fleet Solutions
     11.15 Azuga

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

12 Appendix (Page No. - 148)
     12.1 Discussion Guide
     12.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.3 Available Customization
     12.4 Related Reports
     12.5 Author Details


List of Tables (94 Tables)

Table 1 United States Dollar Exchange Rate, 2016–2018
Table 2 Factor Analysis
Table 3 Factors Outlining the Unfulfilled Services in the Fleet Management Market
Table 4 Trends Shaping Up Fleet Management
Table 5 Fleet Management Market Size, By Component, 2016–2023 (USD Million)
Table 6 Market Size By Solution, 2016–2023 (USD Million)
Table 7 Solutions: Market Size By Region, 2016–2023 (USD Million)
Table 8 Operations Management Market Size, By Type, 2016–2023 (USD Million)
Table 9 Operations Management Market Size, By Region, 2016–2023 (USD Million)
Table 10 Fleet Tracking and Geofencing Market Size, By Region, 2016–2023 (USD Million)
Table 11 Routing and Scheduling Market Size, By Region, 2016–2023 (USD Million)
Table 12 Vehicle Maintenance and Diagnostics Market Size, By Region, 2016–2023 (USD Million)
Table 13 Performance Management Market Size, By Type, 2016–2023 (USD Million)
Table 14 Performance Management Market Size, By Region, 2016–2023 (USD Million)
Table 15 Driver Management Market Size, By Region, 2016–2023 (USD Million)
Table 16 Fuel Management Market Size, By Region, 2016–2023 (USD Million)
Table 17 Fleet Analytics and Reporting Market Size, By Region, 2016–2023 (USD Million)
Table 18 Others Market Size, By Region, 2016–2023 (USD Million)
Table 19 Services: Fleet Management Market Size, By Type, 2016–2023 (USD Million)
Table 20 Services: Market Size By Region, 2016–2023 (USD Million)
Table 21 Professional Services Market Size, By Type, 2016–2023 (USD Million)
Table 22 Professional Services Market Size, By Region, 2016–2023 (USD Million)
Table 23 Consulting Market Size, By Region, 2016–2023 (USD Million)
Table 24 Implementation Market Size, By Region, 2016–2023 (USD Million)
Table 25 Support and Maintenance Market Size, By Region, 2016–2023 (USD Million)
Table 26 Managed Services Market Size, By Region, 2016–2023 (USD Million)
Table 27 Fleet Management Market Size, By Deployment Type, 2016–2023 (USD Million)
Table 28 On-Premises: Market Size By Region, 2016–2023 (USD Million)
Table 29 Cloud: Market Size By Region, 2016–2023 (USD Million)
Table 30 Fleet Management Market Size, By Fleet Type, 2016–2023 (USD Million)
Table 31 Commercial Fleets: Market Size By Type, 2016–2023 (USD Million)
Table 32 Commercial Fleets: Market Size By Region, 2016–2023 (USD Million)
Table 33 Light Commercial Vehicles Market Size, By Region, 2016–2023 (USD Million)
Table 34 Medium and Heavy Commercial Vehicles Market Size, By Region, 2016–2023 (USD Million)
Table 35 Passenger Cars: Market Size By Type, 2016–2023 (USD Million)
Table 36 Passenger Cars: Market Size By Region, 2016–2023 (USD Million)
Table 37 Internal Combustion Engine Market Size, By Region, 2016–2023 (USD Million)
Table 38 Electric Vehicles Market Size, By Region, 2016–2023 (USD Million)
Table 39 Fleet Management Market Size, By Region, 2016–2023 (USD Million)
Table 40 North America: Market Size By Component, 2016–2023 (USD Million)
Table 41 North America: Market Size By Solution, 2016–2023 (USD Million)
Table 42 North America: Operations Management Market Size, By Type, 2016–2023 (USD Million)
Table 43 North America: Performance Management Market Size, By Type, 2016–2023 (USD Million)
Table 44 North America: Market Size By Service, 2016–2023 (USD Million)
Table 45 North America: Market Size By Professional Service, 2016–2023 (USD Million)
Table 46 North America: Market Size By Deployment Type, 2016–2023 (USD Million)
Table 47 North America: Market Size By Fleet Type, 2016–2023 (USD Million)
Table 48 North America: Commercial Fleets Market Size, By Type, 2016–2023 (USD Million)
Table 49 North America: Passenger Cars Market Size, By Type, 2016–2023 (USD Million)
Table 50 North America: Market Size By Country, 2016–2023 (USD Million)
Table 51 Europe: Fleet Management Market Size, By Type, 2016–2023 (USD Million)
Table 52 Europe: Market Size By Solution, 2016–2023 (USD Million)
Table 53 Europe: Operations Management Market Size, By Type, 2016–2023 (USD Million)
Table 54 Europe: Performance Management Market Size, By Type, 2016–2023 (USD Million)
Table 55 Europe: Market Size By Service, 2016–2023 (USD Million)
Table 56 Europe: Market Size By Professional Service, 2016–2023 (USD Million)
Table 57 Europe: Market Size By Deployment Type, 2016–2023 (USD Million)
Table 58 Europe: Market Size By Fleet Type, 2016–2023 (USD Million)
Table 59 Europe: Commercial Fleets Market Size, By Type, 2016–2023 (USD Million)
Table 60 Europe: Passenger Cars Market Size, By Type, 2016–2023 (USD Million)
Table 61 Europe: Fleet Management Market Size, By Country, 2016–2023 (USD Million)
Table 62 Asia Pacific: Market Size By Type, 2016–2023 (USD Million)
Table 63 Asia Pacific: Market Size By Solution, 2016–2023 (USD Million)
Table 64 Asia Pacific: Operations Management Market Size, By Type, 2016–2023 (USD Million)
Table 65 Asia Pacific: Performance Management Market Size, By Type, 2016–2023 (USD Million)
Table 66 Asia Pacific: Market Size By Service, 2016–2023 (USD Million)
Table 67 Asia Pacific: Market Size By Professional Service, 2016–2023 (USD Million)
Table 68 Asia Pacific: Market Size By Deployment Type, 2016–2023 (USD Million)
Table 69 Asia Pacific: Market Size By Fleet Type, 2016–2023 (USD Million)
Table 70 Asia Pacific: Commercial Fleets Market Size, By Type, 2016–2023 (USD Million)
Table 71 Asia Pacific: Passenger Cars Market Size, By Type, 2016–2023 (USD Million)
Table 72 Asia Pacific: Market Size By Country, 2016–2023 (USD Million)
Table 73 Latin America: Fleet Management Market Size, By Type, 2016–2023 (USD Million)
Table 74 Latin America: Market Size By Solution, 2016–2023 (USD Million)
Table 75 Latin America: Operations Management Market Size, By Type, 2016–2023 (USD Million)
Table 76 Latin America: Performance Management Market Size, By Type, 2016–2023 (USD Million)
Table 77 Latin America: Market Size By Service, 2016–2023 (USD Million)
Table 78 Latin America: Market Size By Professional Service, 2016–2023 (USD Million)
Table 79 Latin America: Market Size By Deployment Type, 2016–2023 (USD Million)
Table 80 Latin America: Market Size By Fleet Type, 2016–2023 (USD Million)
Table 81 Latin America: Commercial Fleets Market Size, By Type, 2016–2023 (USD Million)
Table 82 Latin America: Passenger Cars Market Size, By Type, 2016–2023 (USD Million)
Table 83 Latin America: Market Size By Country, 2016–2023 (USD Million)
Table 84 Middle East and Africa: Fleet Management Market Size, By Component, 2016–2023 (USD Million)
Table 85 Middle East and Africa: Market Size By Solution, 2016–2023 (USD Million)
Table 86 Middle East and Africa: Operations Management Market Size, By Type, 2016–2023 (USD Million)
Table 87 Middle East and Africa: Performance Market Size, By Type, 2016–2023 (USD Million)
Table 88 Middle East and Africa: Market Size By Service, 2016–2023 (USD Million)
Table 89 Middle East and Africa: Market Size By Professional Service, 2016–2023 (USD Million)
Table 90 Middle East and Africa: Market Size By Deployment Type, 2016–2023 (USD Million)
Table 91 Middle East and Africa: Market Size By Fleet Type, 2016–2023 (USD Million)
Table 92 Middle East and Africa: Commercial Fleets Market Size, By Type, 2016–2023 (USD Million)
Table 93 Middle East and Africa: Passenger Cars Market Size, By Type, 2016–2023 (USD Million)
Table 94 Middle East and Africa: Market Size By Country, 2016–2023 (USD Million)


List of Figures (34 Figures)

Figure 1 Fleet Management Market Segmentation
Figure 2 Regions Covered
Figure 3 Market Research Design
Figure 4 Market Breakup and Data Triangulation
Figure 5 Fleet Management Market: Top-Down and Bottom-Up Approaches
Figure 6 Competitive Leadership Mapping: Criteria Weightage
Figure 7 Competitive Leadership Mapping (Start-Up): Criteria Weightage
Figure 8 Fleet Management Market to Witness Significant Growth During the Forecast Period
Figure 9 Top 3 Leading Segments in the Fleet Management Market in 2018
Figure 10 Fleet Management Regional Market Scenario
Figure 11 Strict Regulatory Mandates in North America and Europe to Drive the Market Growth
Figure 12 Solutions Segment to Hold A Larger Market Share in the Market in 2018
Figure 13 Operations Management Segment to Lead the Market During the Forecast Period
Figure 14 Professional Services Segment to Lead the Market in Terms of Market Share During the Forecast Period
Figure 15 Cloud Segment to Lead the Market in Terms of Market Share During the Forecast Period
Figure 16 Passenger Cars Segment to Lead the Market in Terms of Market Share During the Forecast Period
Figure 17 Market Investment Scenario
Figure 18 Drivers, Opportunities, and Challenges: Fleet Management Market
Figure 19 Solutions Segment to Hold A Higher Share in the Market During the Forecast Period
Figure 20 Operations Management Segment to Account for the Largest Market Size in the Market By Solution
Figure 21 Professional Services Segment to Account for A Larger Market Size During the Forecast Period
Figure 22 Cloud Segment to Account for A Larger Market Size in 2023
Figure 23 Passenger Cars Segment to Account for A Larger Market Size During the Forecast Period
Figure 24 North America to Account for the Largest Market Size in the Fleet Management Market During the Forecast Period
Figure 25 Market in Asia Pacific to Grow at the Highest CAGR During the Forecast Period
Figure 26 North America: Market Snapshot
Figure 27 Asia Pacific: Market Snapshot
Figure 28 Fleet Management Market (Global) Competitive Leadership Mapping
Figure 29 Ranking of Key Players, 2018
Figure 30 Startup Microquadrant
Figure 31 Inseego Corp: Company Snapshot
Figure 32 Trimble: Company Snapshot
Figure 33 Verizon Communications: Company Snapshot
Figure 34 Mix Telematics: Company Snapshot

The study involved 4 major activities to estimate the current market size of the fleet management market. The exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with the industry experts across value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the overall market size. Thereafter, the market breakup and data triangulation procedures were used to estimate the market size of the segments and subsegments of the fleet management market.

Secondary Research

In the secondary research process, various secondary sources, such as D&B Hoovers, Bloomberg BusinessWeek, and Factiva, have been referred to identify and collect information for this study. These secondary sources included annual reports; press releases and investor presentations of companies; whitepapers, certified publications, and articles by recognized authors; gold standard and silver standard websites; fleet management technology Research and Development (R&D) organizations; regulatory bodies; and databases.

Primary Research

Various primary sources from both the supply and demand sides of the fleet management market ecosystem were interviewed to obtain qualitative and quantitative information for this study. The primary sources from the supply side included industry experts, such as Chief Executive Officers (CEOs); Vice Presidents (VPs); marketing directors; technology and innovation directors; and related key executives from various vendors who provide fleet management solutions. All possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The following is the breakup of the primary respondents’ profile:

Fleet Management Market

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

Fleet Management Market Size Estimation

For making market estimates and forecasting the fleet management market and the other dependent submarkets, the top-down and bottom-up approaches were used. The bottom-up procedure was used to arrive at the overall market size of the global fleet management market using the companies’ revenue and their offerings in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the market were identified through extensive secondary research.
  • The market size, in terms of value, was determined through primary and secondary research processes.
  • All percentage shares, splits, and breakups were determined using secondary sources and verified through primary sources.

Data Triangulation

With data triangulation and validation through primary interviews, the exact value of the overall parent market size was determined and confirmed using this study. The overall market size was then used in the top-down procedure to estimate the size of the other individual markets via percentage splits of the market segmentation.

Report Objectives

  • To define, describe, and forecast the global fleet management market by component (solutions [software and appliances] and services), deployment type (on-premises and cloud), service (professional services and managed services), and region.
  • To provide detailed information about the major factors, such as drivers, restraints, opportunities, and challenges, influencing the growth of the market
  • To analyze the market’s subsegments with respect to individual growth trends, prospects, and contributions to the total market
  • To analyze opportunities in the market for stakeholders and provide the competitive landscape of the market
  • To forecast the revenue of the market’s segments with respect to 4 major regions, namely, North America, Europe, Asia Pacific (APAC), Latin America,  and Middle East and Africa (MEA).
  • To profile key players and comprehensively analyze their recent developments and positioning in the fleet management market
  • To analyze the competitive developments, such as mergers and acquisitions, new product developments, and R&D activities, in the market

Scope of the Report

Report Metrics

Details

Market size available for years

2016–2023

Base year considered

2017

Forecast period

2018–2023

Forecast units

Billion (USD)

Segments covered

Component (solutions [software and appliances] and services), Deployment Type (on-premises and cloud), Services (professional services and managed services), and Region.

Geographies covered

North America, Europe, APAC, Latin America, and MEA

Companies covered

ARI Fleet Management (US), Azuga (US), Chevin Fleet Solutions (Australia), Ctrack (US), Donlen Corporation (US), Geotab (Canada), GPS Insight (US), Masternaut (UK), MiX Telematics (South Africa) , Nextraq (US), Teletrac Navman (US), Trimble (US),  Verizon Connect (US), Wheels, Inc (US), and Fleetroot (UAE).

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

By Component

  • Solutions
    • Operations Management
    • Performance Management
    • Vehicle Maintenance and Diagnostics
    • Fleet Analytics and Reporting
    • Others (crash management and toll management)
  • Services
    • Professional Services
    • Managed Services

By Fleet Type

  • Commercial Fleets
  • Passenger Cars

By Region

  • North America
  • Europe
  • APAC
  • Latin America
  • MEA

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific requirements. The following customization options are available for the report:

Product Analysis

  • Product matrix provides detailed product information and comparisons

Geographic Analysis

  • Further breakup of the North American fleet management market
  • Further breakup of the European market
  • Further breakup of the APAC market
  • Further breakup of the Latin American market
  • Further breakup of the MEA market

Company Information

  • Detailed analysis and profiles of additional market players
Report Code
TC 2867
Published ON
Apr, 2019
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