-- Asia Pacific (APAC) is expected to grow at the fastest rate during the forecast period. As per the geographic analysis, the APAC region is expected to witness the fastest growth in the fleet management market, due to the increasing adoption of advanced technologies and increasing Gross Domestic Product (GDP) in countries. North America is expected to hold the largest market share during the forecast period, owing to the early adoption of fleet management technology and the increasing government regulations, policies, and mandates.
Browse 98 Market Data Tables and 40 Figures spread through 164 Pages and in-depth TOC on "Fleet Management Market by Solution (Operations Management, Information Management, Risk Management, Vehicle Maintenance & Leasing, Safety & Compliance Management), Service, Deployment Type, Fleet Type and Region - Global forecast to 2022"
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Cloud deployment type is expected to grow at the fastest rate during the forecast period. The cloud deployment type is expected to witness the highest growth rate during the forecast period, owing to its cost-effectiveness, scalability, and ease of accessibility to organizational content, regardless of the employee location, thereby supplementing the business continuity.
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Passenger cars segment is expected to hold the largest market share market during the forecast period. The passenger cars segment is expected to hold largest market share during the forecast period, owing to its large presence and increased deployment of advanced fleet management technology, especially by the fleet leasing companies.
The professional services segment is expected to have the largest market share during the forecast period, owing to the need of technological consulting, and continuous support and maintenance activities for the deployment of fleet management technologies. Managed services is expected to grow at the highest rate, owing to the increased adoption of outsourced managed services across various fleets.
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The break-up profiles of the primary discussion participants are given below:
By Company Type: Tier1 (53%), Tier2 (33%), and Tier 3 (14%)
By Designation: C-Level (60%), Director Level (10%),and Manager Level (30%)
By Region: North America (35%), Europe (25%), APAC (30%), and RoW (10%)
The major vendors covered in the fleet management market include AT&T (US), Donlen Corporation (US), Geotab (Canada), LeasePlan USA (US), Masternaut Limited (UK), Merchants Fleet Management (US), Omnitracs (US), Teletrac Navman (US), Trimble (US), Verizon Telematics (US), Wheels, Inc. (US), and WorkWave (US).
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Research Coverage
The global fleet management market has been segmented on the basis of types (solutions and services), deployment types, fleet types, and regions. A detailed analysis of the regions has been done to provide insights into the potential future business opportunities across different regions. In addition to this, the strength of product portfolio and business strategy excellence are some of the other MarketsandMarkets analysis included in the report.
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Reasons to Buy the Report
The report will help the market leaders/new entrants in the fleet management market in the following ways:
The report segments the fleet management market comprehensively and provides the closest approximations of the revenue numbers for the overall market and subsegments across different regions.
The report helps the stakeholders understand the pulse of the market and provides them with information on the key market drivers, restraints, challenges, and opportunities.
The report helps the stakeholders understand the competitors and gain more insights to better their position in the market.
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Release ID: 237165
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