The report "Fleet Management Market by Solutions (Operations & Asset Management, Fleet Analytics, Routing & Navigation, Vehicle Maintenance & Leasing, Driver Information Systems), by Connectivity Technology, Industry Verticals, Services - Global Forecast to 2020", MarketsandMarkets has extensively segmented the fleet management market by solution, service, connectivity technology, vertical, and region. Fleet Management solutions include operation management, asset management, and driver management.
Browse 81 market data Tables and 51 Figures spread through
157 Pages and in-depth TOC on "Fleet
Early buyers will receive 10% customization on this report.
Fleet management is the efficient management and administration of company’s vehicle fleet for the entire life-cycle, from vehicle financing, tracking and maintenance, fuel management, and vehicle and driver performance monitoring to remarketing. It includes a range of functions such as operation management, asset management, and driver management that helps companies to efficiently manage and operate their fleets with minimum risk by providing real-time information using advanced connectivity technology. With the increasing complexity of operations in transportations and logistics, companies want to limit downtime of both drivers and fleet; and therefore there is a significant demand for robust fleet management solutions and services among manufacturing, construction, mining and others.
Increasing need for operational efficiency is expected to be the primary driver for the fleet management market during the forecast period. Increasing maintenance cost, fuel consumptions, regulations and accidents have mandated the need for effective and efficient fleet management solutions and services. Other driving factors include environmental concerns and decreasing hardware and connectivity cost. In addition, increasing demand for commercial vehicles in regions such as Middle-East and Africa and Latin America indicates a potential business opportunity for fleet management solutions. Also, integration of Internet of Things (IoT) technology with vehicles will increase the adoption of fleet management solutions in developed regions such as North America and Europe. However, cost sensitivity among small and medium fleet owners and government norms is expected to hinder the growth of fleet management.
Furthermore, the fleet management market remains competitive with the presence of a large number of vendors. The major vendors in the fleet management market are AT&T, Cisco Systems, IBM Corporation, Fleetmatics Group, and Verizon Communications, among others.
Services include professional services, system integration and deployment services, and managed services. Verticals consist of manufacturing, government, transportation and logistics, energy and utilities, retail, and construction. In addition, the report classifies the market according to the regions of North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America.
MarketsandMarkets forecasts that the global fleet management market is estimated to grow from USD 8.03 Billion in 2015 to USD 22.35 Billion by 2020, at a Compound Annual Growth Rate (CAGR) of 22.7% during the forecast period. On geographical grounds, North America is estimated to be the largest market for fleet management market due to technological advancement and early adoption of IoT. Asia-Pacific depicts a strong opportunity for the adoption of fleet management due to regulatory mandates regarding installation of Global Positioning System (GPS) in commercial vehicles and therefore is expected to witness growth at the highest CAGR during the forecast period.
Request Sample @ http://www.marketsandmarkets.com/requestsample.asp?id=1020
MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India