This Fleet Management Market Report gives evaluation and insights primarily based on authentic consultations with necessary gamers such as CEOs, Managers, Department Heads of Suppliers, Manufacturers, and Distributors etc.
Fleet Management Involves Vehicle Financing, Driver Management, Fuel Management, Safety Management, Vehicle Maintenance, And Vehicle Telematics Of Aircraft, Watercraft, Light Commercial Vehicle (Cars, Minivans, And Others), Heavy Commercial Vehicle (Trucks, Buses, Trailers, Tankers, And Others), And Railway.
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It Benefits Businesses That Are Greatly Dependent On Transportation Of Goods And Services, With Immense Productivity And Efficiency. Other Advantages Offered By Fleet Management Include Operational Competency, Enhanced Safety Of Vehicle & Driver, Finance Management, Real-Time Fleet Tracking & Analysis.
The Growth Of The Fleet Management Market Is Driven By Rise In Need To Manage Fleet In A More Efficient Way, Increase In Concerns About Safety Of A Vehicle & The Associated Driver, Stringent Government Regulations Toward Vehicle Maintenance & Tracking, Obligatory Incorporation Of Electronic Logging Device (Eld) In Fleet, Rise In Adoption Of Wireless Technology Owing To Their Decreasing Costs And Easy Availability. Advent And Integration Of Iot And Information, Communication, & Technology (Ict) Into Industries Such As Automobiles, Logistics, And Transportation Drive The Market Growth. In Addition, Compliance To Government Regulations To Minimize Co2 Emission & Continuous Tracking Of Driver Behavior, Vehicle Tracking, Real-Time Visibility, Driver Management, And Others Have Resulted In High Market Prospects. Furthermore, Effective Communication Network With Emergence Of 4g, 5g, And Other Wireless Technologies; Growth In Vehicle Replacement Market; And Increase In International Trade Fuel The Market Growth. However, Cost Sensitivity Among Local Players And Less Integrity Of Information Restrain The Market Growth. Transportation And Logistics Industry Is Expected To Offer Lucrative Opportunities For The Fleet Management Businesses In The Near Future.
The Global Fleet Management Market Is Segmented On The Basis Of Component, Communication Technology, Vehicle Type, Industry, And Geography. In Terms Of Component, The Fleet Management Industry Is Bifurcated Into Solution And Services. Solution Segment Is Further Segmented Into Asset Management, Operation Management, And Driver Management Solutions; Whereas Services Is Subsegmented Into After-Sales Services, Claim Inspection Services, Vehicle Tracking/Follow-Up Services, And Customer Relationship Management (Crm). Based On Communication Technology, The Market Is Divided Into Gnss And Cellular System. Key Industries Served By The Fleet Management Market Include Retail, Government, Transportation & Logistics, Automotive, And Others (Construction, Manufacturing, And Energy). Geographically, The Fleet Management Market Is Analyzed Across North America, Europe, Asia-Pacific, And Lamea.
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The passage highlights the trend of governmental organizations increasing their maintenance budgets for system infrastructure while also investing in initiatives for project development, modernization, and enhancement. This has led to the success of investments and an increase in the annual funding set aside by ICT vendors for the growth of the online market. The passage also mentions the anticipated increase in global ICT exports, which are expected to rise by an average of 3.9% yearly from US$ 784.3 billion in 2021 to US$ 955.19 billion in 2030. The global supply of ICT has increased by 9.5% yearly since 2009.
In terms of global ICT exports in 2021, Ireland ranked first with US$ 169.32 billion, followed by the United States at number 2, India at number 3, and China at number 4. The passage also notes the significant increase in Brunei’s global ICT exports by 228.2% year over year since 2009, while Sierra Leone’s global ICT exports have decreased by 61.7% year over year in the same period. Overall, the passage highlights the growth and potential of the global ICT market, driven by increased investments and funding for infrastructure and project development.
It seems that the ICT industry in Europe is predicted to experience moderate growth in the coming years, with an annual increase of 1.5% expected from 2021 to 2026. Germany currently holds the top position in terms of ICT revenue in Europe, followed by the United Kingdom, France, and Ireland. It’s interesting to note that while some countries like Malta have experienced significant growth in the ICT industry since 2016, others like Italy have seen a slight decline. This information can be useful for businesses and investors looking to enter or expand in the European ICT market.
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Key Benefits
In-Depth Analysis Of The Global Fleet Management Market Along With The Dynamics Is Provided In The Report To Understand The Market Scenario.
Quantitative Analysis Of The Current Trends And Future Estimations From 2014 To 2022 Is Provided To Assist Strategists And Stakeholders To Capitalize On The Prevailing Opportunities.
Porter’s Five Forces Analysis Examines The Competitive Structure Of The Fleet Management Industry, And Provides A Clear Understanding Of The Factors That Influence The Market Entry And Expansion.
A Detailed Analysis Of The Geographical Segments Enables Identification Of Profitable Segments To Market Players.
Comprehensive Analyses Of The Trends, Subsegments, And Key Revenue Pockets Are Provided In The Report.
Detailed Analyses Of The Key Players And Their Business Strategies Are Anticipated To Assist Stakeholders To Take Informed Business Decisions.
Profile Analyses Of Leading Players Operating In The Fleet Management Industry Are Provided In The Report, Which Highlight The Major Developmental Strategies Such As Mergers & Acquisitions, Expansions, And New Product Launches Adopted By These Companies.
Key Market Players
Tomtom N.V.
Navico
Fleetmatics Group Plc
At&T Inc.
Mitac International Corporation
Ibm Corporation
I.D. Systems
Telogis
Cisco Systems, Inc.
Freeway Fleet Systems
Other Companies Mentioned In The Report Include U.S. General Services Administration, Uber Technologies, Inc., Ola Cabs (Ani Technologies Pvt. Ltd.), Lyft, Didi Chuxing, Grab, European Gnss Agency (Gsa), Spireon, Inc., Trimble Transport And Logistics, Fleet Robo Fleet Management Solutions, Dc Velocity, Scope Technologies, Troncalnet, Famsa, Carssa Courier Company, Altos Hornos De Mexico (Ahmsa), Grupo Autofin De Monterrey, The Goodyear Tire & Rubber Company, Mercedes-Benz, Renault, And Others.
Fleet Management Market Key Segments
By Vehicle Type
Light Commercial Vehicle
Heavy Commercial Vehicle
Aircraft
Railway
Watercraft
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By Component
Solution
Driver Management Solution
Operation Management Solution
Driver Management Solution
Services
After-Sales Services
Claim Inspection Services
Vehicle Tracking/Follow-Up Services
Customer Relationship Management (Crm)
By Communication Technology
Gnss (Satellite)
Cellular System
By Industries
Retail
Government
Transportation & Logistics
Automotive
Others (Manufacturing, Construction, And Energy)
ByGeography
North America
Europe
Asia-Pacific
Lamea
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
Some of the Key Questions Answered in this Report:
- What is the Market dimension at the regional and country-level?
- What are the key drivers, restraints, opportunities, and challenges of the Market, and how they are anticipated to influence the market?
- What is the international (North America, Europe, Asia-Pacific, South America, Middle East and Africa) income value, manufacturing value, consumption value, import and export of Market?
- Who are the world key producers of the Market Industry? How is their working state of affairs (capacity, production, sales, price, cost, gross, and revenue)?
- What are the Market possibilities and threats confronted via the carriers in the world Market Industry?
- Which application/end-user or product kind may also be seeking for incremental boom prospects? What is the market share of every kind and application?
- What targeted method and constraints are keeping the Market?
- What are the distinct sales, marketing, and distribution channels in the world industry?
- What are the upstream uncooked substances and manufacturing gear of Market alongside with the manufacturing technique of Market?
- What are the key market tendencies impacting the increase of the Market?
- Economic have an impact on the Market enterprise and improvement vogue of the Market industry.
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