Fleet Management Solution Market: Industry Insights, Trends and Forecast 2017 – 2025
Global Fleet Management Solutions Market: Snapshot Fleet management is a process or an approach that enables companies to systemize and coordinate work vehicles with the aim to reduce costs, improve efficiency, and provide compliance to government regulations. Solutions such as driver management, vehicle management and operations management are encompassed in the scope of fleet management solutions. The rising adoption of fleet management analytics and a shift towards smaller fleets are some of the reason that are expected to drive the fleet management solution market in the next few years. Obtain Report Details @ http://www.transparencymarketresearch.com/fleet-management-solution-market.html Cloud-based Deployment to Contribute Massive Share in Revenue The market is also expected to benefit from the vast technological advancements recently observed in the field of automatic vehicles. Transparency Market Research estimates that the global fleet management solutions market will exhibit an exponential CAGR of 22.6% during the period between 2017 and 2025, rising from a valuation of US$12.57 bn in 2015 to US$91.94 bn in 2025. On the basis of deployment, the global fleet management solution market is segmented into cloud and on-premise. The cloud-based deployment segment is anticipated to contribute major share in the global fleet management solution market. The on-premise deployment segment is expected to hold a comparatively smaller share of the global fleet management solution market. On the basis of type, the global fleet management solution market has been segmented in the report into vehicle management, driver management, and operations management. Of these, the segment of operations management solutions is expected to hold the dominant share of the global market throughout the forecast period. The segment is expected to be followed by the segment of
vehicle management solutions in terms of market share. Moreover, the vehicle management solutions segment is also projected to be the segment with the most promising growth opportunities owing to high rate of growth. This segment is expected to grow at a CAGR of 24.7% during the period from 2017 to 2025. This growth is primarily attributable to increased demand for green fleets. Make an Enquiry@ http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=24092 Asia Pacific Market to Lead in Terms of Growth Rate The global fleet management solution market is expected to be led by North America throughout the forecast period. Europe is expected to follow North America in terms of market revenue. The presence of several local industry players, increasing trade through Pan-European corridor and the growing awareness about technology and solutions is expected to drive the market in the region. The market in Asia Pacific is expected to be lead in terms of growth rate over the report’s forecast period. This growth is expected to be driven by demand across countries such as China, Japan, and India, while South East Asian countries with their superior infrastructure and impressive communication network are also expected to contribute substantially to the region’s growth. Some of the leading players operating in the global fleet management solution market are Trimble Inc., Element Fleet Management Corp., Daimler Fleet Management GmbH, JDA Software Group, Inc., Wheels, Inc., MiX Telematics Ltd., TomTom Telematics BV. , Magellan Navigation, Inc., Emkay, Inc., and Telogis, Inc. About Us Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
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