Fleet Management Market 2019
The worldwide fleet management market is anticipated to prosper at an extremely good rate in the upcoming forecast period. The report also comprehensively analyses the overall fleet management industry based on previous year projections, promoting and demoting aspects influencing the market which would help decide which region is expected to flourish more than the others. Fleet management is the administration of industrial motor vehicles such as cars, trucks, vans, specialist vehicles, forklifts, and trailers, exclusive vehicles used for work (the grey fleet), aviation equipment such as aircraft, water vessels and rail cars. Fleet or vehicle management can comprise of an array of functions, such as vehicle renting and financing, fleet maintenance, licensing and compliance, accident administration, supply chain management, and subrogation.
For more information or any query mail at firstname.lastname@example.org
Major Key Players
• Fleetmatics Group PLC (U.S.)
• Verizon Telematics Inc. (U.S.)
• Trimble Inc. (U.S)
• WorkWave LLC (U.S.)
• Zonar Systems, Inc. (U.S.)
• I.D. Systems, Inc. (U.S)
• Cisco Systems, Inc. (U.S.)
Improving demand for a greater speed network is a huge motivator for the worldwide fleet management market. Rising acceptance of cloud computing and big data analytics solutions for simplifying vehicle management operations also improves the prospects for the worldwide fleet management market. Growing environmental sustainability has led to various green fleet initiatives which would help in reducing the ecological footprint as well as improve the efficient functioning of fleets which would promote the overall fleet management industry. Elevation in approval of wireless technology, compulsory integration of ELD, demand for operational competency in vehicle management, and a surge in international trades are the primary aspects that propel the elevation of the fleet management industry.
The worldwide fleet management industry is segmented based on vehicle type, communication technology, component, deployment type, and end-user industry. The overall vehicle management industry is fragmented based on vehicle type as light commercial vehicles, aircraft, watercraft, railway, and heavy commercial vehicles. The worldwide fleet management market is divided on the basis of components as services and solutions. The overall fleet management market is fragmented on the basis of the end-user industry as retail, transportation and logistics, government, automotive, construction, manufacturing, and energy. The overall fleet management industry is segregated on the basis of deployment type as on-premise and cloud. Presently, the cloud segment provides more sales as compared to the on-premise model.
Topographically, the overall fleet management industry is segmented as North America, South America, Europe, China, India and the Middle East and Africa. At Present, the North American market is expected to have the largest market share of all the other regions which can be due to initial acceptance of fleet management solutions and stringent government obligations. It is supposed to maintain its lead on the market owing to the greater presence of fleet companies in this region. However, the overall fleet management industry is anticipated to grow at a substantial rate in the APAC regions which can be attributed to an increase in transportation facilities and strict safety regulations.
November 2019: Attica group is executing the SERTICA fleet management system in the framework of its digital transformation to secure reliable fleet operations and high-quality vehicle management.
Table of Contents – Major Key Points
1 Executive Summary
2 Research Methodology
3 Market Dynamics
4 Global Fleet Management Market, By Deployment Type
5 Global Fleet Management Market, By Management Type
6 Global Fleet Management Market, By Connectivity Type
7 Global Fleet Management Market, By Services
8 Regional Market Analysis
Wise Guy Reports is part of the Wise Guy Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe.
Company Name: Wiseguyreports.com
Contact Person: Norah Trent
Email: Send Email
Phone: +1 646 845 9349, +44 208 133 9349