Fleet Management Market to Cross US$ 34 Billion by 2022

New York, October 20: Market Research Engine has published a new report titled as “Fleet Management Market By Deployment Type (Hybrid, On premises, Cloud); By Solution Type (Driver management, Asset management, Operation management) and By Service Type (Managed services, Integration and deployment service, Managed services) – Global Industry Analysis and Forecast 2016 - 2022”

How Big is the Fleet Management Market?

The fleet management market is expected to reach US$ 34 Billion by 2022; Growing at a CAGR of more than 23.50% in the given forecast period.


Fleet Managements task is a set of duties which is required to keep fleet of vehicles running efficiently. The principal responsibility of any fleet administrator is to comprehend what is really in their fleet at any given time. This will not only just implies that the fleet administrator ought to have a record of all vehicles additionally but also should have in a perfect world that they ought to have a record of all the serial quantities of the different key parts which identify with each of their vehicles. This will stop any false messing with them. It will likewise compose a proper support plan.In the feeling of fleet administration, monitoring a vehicle has two implications. The primary significance is keeping full and an exact record of everything which worries that vehicle, from fuel stops to any upkeep, whether it's a driver fitting another fan belt out and about in a crisis or a full administration. This is fundamental so peculiarities can be recognized and questioned. The second significance essentially knows where vehicles are. This obligation has been made much simpler since the innovation of GPS and discharging it for open use.


The major driving factors of fleet management market are as follows:

    Falling connectivity and hardware cost
    Ecological concerns
    Execution of Eld mandate
    Require for operational effectiveness

The restraining factors of fleet management market are as follows:

    Price sensitivity of fleet possessors

The fleet management market is segmented on the lines of its deployment, solution, service, connectivity, vertical and regional. Based on deployment segmentation it covers hybrid, on premises and cloud. Under solution segmentation it covers driver management, asset management and operation management. The fleet management market is segmented on the lines of its service like managed services, integration and deployment service and managed services. The connectivity segmentation contains cellular system and satellite system. Based on vertical segmentation it covers construction, retail, energy and utilities, transportation and logistics, government and manufacturing. The fleet management markets geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geographic market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.


This report provides:

1) An overview of the global market for fleet management and related technologies.

2) Analyses of global market trends, with data from 2013, estimates for 2014 and 2015, and projections of compound annual growth rates (CAGRs) through 2022.

3) Identify the new market opportunities and targeted promotional plans for fleet management.

4) Discussion of research and development, and the demand for new products and new applications on the data available.

5) Comprehensive company profiles of major players in the industry to explore further possible profits.

REPORT SCOPE:

The scope of the report includes a detailed study of global and regional markets for Fleet Management with the reasons given for variations in the growth of the industry in certain regions.

The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include  AT&T Inc. (U.S.), Verizon Communications (U.S.), Zonar Systems (U.S.), Fleetmatics Group (U.S.), Trimble Navigation Ltd. (U.S.), Telogis (U.S.), ID Systems Inc. (U.S.), Workwave LLC (U.S.), Eresource Infotech Pvt. Ltd. (India), Magellan (U.S.), and CarTrack Technologies Co. Ltd. (SA). Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.

The Top Companies Report is intended to provide our buyers with a snapshot of the industry’s most influential players.

The Fleet Management Market has been segmented as below: 

By Deployment Type

Hybrid
On premises
Cloud

By Solution Type

Driver management
Asset management
Operation management

By Service Type

Managed services
Integration and deployment service
Managed services

By Connectivity Type

Cellular system
Satellite system

By Vertical Analysis

Construction
Retail
Energy and utilities
Transportation and logistics
Government
Manufacturing

By Regional Analysis

North America
Europe
APAC
Rest of the World


Browse Full Report: https://www.marketresearchengine.com/reportdetails/fleet-management-market-report