Global Fleet Management Software Market By Service (Managed and Professional); By Solution (Vehicle Maintenance & Diagnostics, Fleet Analytics & Reporting, Operations Management, and Performance Management), By Deployment Type (On premises and cloud); and Region –Analysis of Market Size, Share & Trends for 2016 – 2019 and Forecasts to 2030
Fleet management helps businesses to monitor and operate their vehicles in an inexpensive, easy and open manner. Functions include monitoring and diagnostics of cars, financing, driver control, etc. It helps businesses, which rely heavily on transport, minimize or fully eliminate risks regarding employee expenses, operations and other activities.
Fatpos Global anticipates the Fleet Management Software market to surpass USD XX Billion by 2030, which is valued at XX billion in 2019 at a compound annual growth rate of XX%. The key factors that fuel the expansion of the fleet management market are expansion in the use of wireless technology, obligatory integration of ELDs, the need for operative fleet competence and increased international commerce.
Global Fleet Management Software Market: Segments
Global Fleet Management Software Market has been segmented on the basis of service, solution, deployment mode and by location. It has been further segmented on the basis of region into North America, Europe, Asia-Pacific, Mid East and Africa.
By Deployment Type (in %), Global Fleet Management Software Market, 2019
The cloud segment is anticipated to register XX% of the volume share and is expected to grow at a highest CAGR.
Global Fleet Management Software Market is segmented by deployment type into: On premises and cloud.
The cloud deployment mode allows consistency in operations and fast real-time implementation for organizations. This is the reason why cloud virtual data room applications gain greater popularity than on-premises applications in virtual data rooms. It also offers a range of advantages including reduced running cost, quick deployment and greater connected resources scalability.
Global Fleet Management Software Market: Market Dynamics
• Growing need of workforce management
The market is primarily driven by the changing work dynamics and increasing population managed by SMSE’s in developing economies such that of India and China. Moreover, increase in practices like the adoption of cloud application and smart phone penetration across various markets is anticipated to fuel market growth.
• Lack of awareness
This growth is hampered by the lack of awareness in certain developing regions. Most small and medium-sized businesses, in particular, are not expected to adopt the program and follow the same conventional methods. They are not aware of the benefits of the automated fleet management software system in an industry and thus feel reluctant to use them.
Global Fleet Management Software Market: Regions
The North America is anticipated to dominate the market with XX% market share in 2019 growing at a CAGR of XX% over the forecasted period.
With a share value of US$ XX billion, North America held the largest the industry in 2019. The North America globally is projected to account for the highest proportion of the total market for Fleet Management Software in 2019, because advances from research and development and technology are a key focus in the advanced economies of the U.S. and Canada. The second and third largest fleet management markets in North America were Europe and Asia Pacific. The fast-growing radio cab industry, in emerging economies like India and China with the majority of them implementing web-based and mobile business applications, is anticipated to grow at the highest pace in Asia-Pacific.
Asia Pacific: China, Japan, India, and Rest of Asia Pacific
Europe: Germany, the UK, France, and Rest of Europe
North America: The US, Mexico, and Canada
Latin America: Brazil and Rest of Latin America
Middle East & Africa: GCC Countries and Rest of Middle East & Africa
Global Fleet Management Software Market: Competitive landscape
The key players on the fleet management software market focus primarily on product innovations through the use of technological advancements. The organization will sustain its brand identity internationally through its alliance signatures, contracts, joint ventures, financing and the creation of new offices around the world. For instance, Geotab, Inc. in April 2019 has agreed to acquire a service provider for BSM Technology and Asset Management.
Global Fleet Management Software Market: Key Players
• ARI Fleet Management (US)
o Company Overview
o Business Strategy
o Key Product Offerings
o Financial Performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
• MiX Telematics
• Automile Inc.
• Tourmaline Labs
• Wheels, Inc
• Other prominent players
Global Fleet Management Software market report also contains analysis on:
• Fleet Management Software Market Segments:
o By Service:
Vehicle Maintenance & Diagnostics
Fleet Analytics & Reporting
o By Solution:
Short Message Service
Wireless application protocol
o By Deployment Type:
• Fleet Management Software Market Dynamics
• Fleet Management Software Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints