Fleet Management Software Market 2019
As per a new report, the global fleet management software is set to capture a compound annual growth rate (CAGR) of 16.52% from 2018 to 2026. The global market which was almost USD 14,047.6 million in 2018 is anticipated to reach to USD 46,584.7 million by the end of 2026. The fleet management software market growth is anticipated to be primarily driven by growing usage of electronic logging devices, increase in cloud-based fleet management solutions and also growing demand of real-time tracking service.
In addition, the global market is expected to witness rapid growth due to the compulsion in integrating electronic logging devices, increase in demand for wireless technology, increase in international trade and most importantly increasing strict government mandates as well which all will surge the market size in the forthcoming years.
The benefits offered by the fleet management software play an important role in its expansion. Decreased hardware and software cost is also expected to drive the market size during the projected time period. However, some of the challenges that can hinder the fleet management software market are also studied in the report.
Global Fleet Management Software Market: Key Players
The leading players across the globe are focused on creating enhanced fleet management software with an aim to deliver better results. The partnerships and mergers and acquisitions among the key players in the sector will leave a positive impact on the market in the forthcoming.
The Top Key Players covered in this study
Fleetmatics Group PLC(US)
Melton Technologies Inc.(US)
Prova Systems LLC(US)
Global Fleet Management Software Market: Segmental Analysis
The segmental analysis of the market has been conducted based on type, application and region. By type, the market has been divided into Standard Version and Premium Version. Based on application, the market has been segmented into Waste Management Company, Government Agency, Public Service and others.
Global Fleet Management Software Market: Regional Analysis
On the basis of region, the market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Rest of the World (RoW). In terms of revenue, North America dominates the entire fleet management software market and is expected to enjoy its hold in the future as well. The reason to this is the existence of strong and renowned market players in the US which are regularly doing research and development activities and execute fleet management software tools in various different private and public companies. Moreover, US is a few steps ahead of the other countries in terms of digital transformation and with the advent of 4G technology, the rise in telematics also result in the growth of the market across the country. Meanwhile, Asia Pacific region is also expected to witness growth during the forecast period which is due to the investments in small and medium organizations. The investments will help the companies to increase the adoption of cloud-based fleet management software that are more advanced and offer accurate information as well.
Omnitracs, a software company located in the US, announced the launch of Miles Ahead Drive, Command, and Resolve solution. The software will ease the daily job tasks which are assigned to the fleet drivers.
Table of Contents –Analysis of Key Points
1 Fleet Management Software Market Overview
2 Manufacturers Profiles
3 Global Fleet Management Software Market Competition, by Players
4 Global Fleet Management Software Market Size by Regions
5 North America Fleet Management Software Revenue by Countries
6 Europe Fleet Management Software Revenue by Countries
7 Asia-Pacific Fleet Management Software Revenue by Countries
8 South America Fleet Management Software Revenue by Countries
9 Middle East and Africa Revenue Fleet Management Software by Countries
10 Global Fleet Management Software Market Segment by Type
11 Global Fleet Management Software Market Segment by Application
12 Global Fleet Management Software Market Size Forecast (2019-2024)
13 Research Findings and Conclusion
List of Tables and Figures
Company Name: Wiseguyreports.com
Contact Person: Norah Trent
Email: Send Email
Phone: +1 646 845 9349, +44 208 133 9349