Press Release

What are the Revenue Opportunities in Fleet Management Software Market?

Top Players in Fleet Management Software Market are Verizon, Geotab, Trimble, GPS Insight, Omnitracs, Mix Telematics, Fleet Complete, Autotrac, NexTraq, Global Track

The Global Fleet Management Software Market is anticipated to gain impetus from the increasing focus on fleet effectiveness. According to a published report by Fortune Business Insights,the global market was valued at US$ US$ 14,047.6 Mn in 2018 and is estimated to reach US$ 46,584.7 Mn by 2026. In addition to this, the global fleet management software market is projected to expand at an impressive CAGR of 16.52% throughout the forecast period.

Top Key Players Mentioned:

  • Verizon
  • Geotab
  • Trimble
  • GPS Insight
  • Omnitracs
  • Mix Telematics
  • Fleet Complete
  • Autotrac
  • NexTraq
  • Global Track

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In February 2019, Omnitracs, a software company headquartered in Texas, U.S., announced the launch of MilesAhead Drive, Command, and Resolve solution. It will help in the simplification of exhaustive and daily job tasks that the fleet drivers are assigned with. The drivers would be able to smoothly access detailed information about specific routes as well as view the data of associated job tasks. In April 2019, Trimble Inc., a renowned California-based developer of unmanned aerial vehicles, receivers, software processing tools, etc., declared that it has teamed up with Cobalt, an IT asset life cycle management firm based in Ohio, to offer Trimble’s fleet mobility clients with the ability to dispose of the old onboard equipment in an environment-friendly manner.

Fleet Management Software Market Segmentation:

  1. By Component
    • Solutions
    • Services
  2. By Fleet Type
    • Commercial Fleet
    • Passenger Cars
  3. By Deployment
    • Cloud
    • On-Premises
  4. By Geography
    • North America (USA and Canada)
    • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
    • Asia Pacific (China, India, Japan, Australia, Southeast Asia and Rest of Asia Pacific)
    • Latin America (Mexico, Brazil and Rest of Latin America)
    • Middle East & Africa (GCC, South Africa and Rest of the Middle East & Africa)

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Prominent Software Companies Focus on Strategic Collaborations to Propel the Market

The global fleet management software market is persistently growing due to the increasing usage of electronic logging device, increase in cloud-based fleet management solutions, increasing demand of real-time tracking service, and government regulations.

The increase in the international trade and requirement of operational skills are currently accelerating the growth of global fleet management software market. However, factors such as, compulsory merging of electronic logging devices and usage of wireless technology have also contributed to the market growth.

Adoption of Technologically Advanced Software is Likely to Favor Growth in Asia Pacific

The global fleet management software market is divided into Latin America, Asia Pacific, North America, the Middle East and Africa, and Europe. Amongst these, North America had procured a revenue US$ 4546.3Mn in 2018. The region is projected to remain dominant in the global fleet management software market during the forecast period, especially in the cloud-based segment. This is likely to occur because of the existence of strong and renowned market players that are present across the U.S. These players have been regularly conducting research and development activities and have also been executing fleet management software tools in numerous private and public companies. Asia Pacific, on the other hand, had obtained a revenue of US$ 2861.9 Mn in 2018. The region is anticipated to witness growth during the forecast period due to the investments in small and medium organizations. The investments will in turn, increase the adoption of cloud-based fleet management software that are technologically advanced. In Asia Pacific, developing countries like India and China are anticipated to gain a considerable portion of the global fleet management software market in the coming years.

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Major Table of Contents:

  1. Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology and Assumptions
  2. Executive Summary
  3. Market Dynamics
    • Drivers, Restraints and Opportunities
    • Emerging Trends of Market
  4. Key Insights
    • Macro and Micro Economic Factors
    • Key Technological Developments
    • Industry SWOT Analysis
  5. Global Fleet Management Software Market Analysis, Insights and Forecast, 2015-2026
    • Key Findings / Summary
    • Market Sizing Estimations and Forecasts – By Component (US$ Mn)
      • Solutions
        • Operations Management
          • Fleet Tracking and Geofencing
          • Routing and Scheduling
        • Vehicle Maintenance and Diagnostics
        • Performance Management
          • Driver Management
          • Fuel Management
        • Fleet Analytics and Reporting
        • Others
      • Services
        • Professional Services
          • Consulting
          • Training and Education
          • Support and Maintenance
        • Managed Services
      • Market Sizing Estimations and Forecasts – By Fleet Type (US$ Mn)
        • Commercial Fleet
        • Passenger Cars
      • Market Sizing Estimations and Forecasts – By Deployment (US$ Mn)
        • Cloud
        • On-Premises
      • Market Analysis, Insights and Forecast – By Geography (US$ Mn)
        • North America
        • Europe
        • Asia Pacific
        • Middle East and Africa
        • Latin America
  1. North America Fleet Management Software Market Analysis, Insights and Forecast, 2015-2026
    • Key Findings / Summary
    • Market Sizing Estimations and Forecasts – By Component (US$ Mn)

TOC Continued…!

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Ruby is leading the team writing for artificial intelligence. She is a newcomer in the organization and has already made her base and reputation with her hard work and her efficiency towards her field. Being a student of computer science it has become easier for her to understand the objectives and the expected results of this column. She is also an excellent cook, and now and then, and we get the opportunity to taste her deliciously baked cookies.

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