Global Fleet Management Software Market Outlook 2025 by Goldstein Market Intelligence

Global Fleet Management Software Market Outlook

Global Fleet Management Software (AIS) Market Outlook 2025: Opportunity & Growth Analysis, 2017-2025

Report Code :AM 1335

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Global Fleet Management Software Market Outlook

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Research Methodology

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Research Methodology

Goldstein Research follows a comprehensive and rigorous research methodology to provide you accurate estimates and forecast of a particular market. We provide estimates, forecast and analysis primarily based on secondary research, primary interviews, in-house database and other free as well paid sources. Our company follows simultaneous top down and bottom approach in order to provide you the accurate market sizing. Data triangulation method is strictly followed where we triangulate the data from all the aspects, be it Function Type, application, industry verticals, material, product type or geography. In addition, the research methodology we follow is a systematic approach in order to estimate and project the market sizing keeping in mind all the ongoing and upcoming trends of the market. We conduct both primary and secondary research in order to estimate a market and validate our key findings. We put together our effort and prepare an inclusive questionnaire depending on the title of the market we are tracking and extract the important information we require to validate our findings. Our team of Analysts and experts dedicatedly put their effort to provide you the best possible and accurate data and analysis. Adding to that; technological, economic, cultural and social aspects along with the regulatory barriers are completely analysed to understand the comprehensive market scenario across different geographies. Understanding the market from both buyer and seller point of view is important to track a market and provide analysis on the same. We not only provide the market data of the four geographies as a whole, namely, North America, Europe, Asia-Pacific, Latin America, Middle East & Africa and Rest of the World (RoW) but we also provide you qualitative as well we qualitative information on country level bifurcation. We at Goldstein Research provide you: • Precise Estimates and Forecast • Authentic Analysis • In-depth Data and Analysis • Authentic Sources • Reliable Data and Analysis

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Global Fleet Management Software Market Outlook

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Growth Drivers Changing Mobility Ecosystem  The way people & goods move about is in the midst of dramatic transformation. Powered by converging social & technological trends, the extended automotive industry is being reshaped into new mobility ecosystem.  The market players strategies to upkeep the demand & supply statistics & to maintain enhanced smart routing capabilities, they are witnessed to be focused on core capabilities around multi brand procurement, financing & full service leasing and service provider management on behalf of the clients.  Further, there is rising trend of executing vehicle tracking to enable real time monitoring of the fleet & the to setup, schedule & allocate vehicles throughout the service area. This has led the fleet operators to cater the market opportunities.

Global Share of Vehicle Segments For Total Sales & Fleet Sales. XX% XX%

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XX% XX%

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Cars

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Light Trucks Medium & Heavy Trucks Total Sales Fleet Sales

Source: Goldstein Research

Merging Car Safety And Cyber Security

Uber has acquired a machine learning company and set up a new division dedicated to research in AI

Connected car platform Mojio has announced that it's closed a $15m series A round of funding, meaning it can now expand its hardware agnostic, cloud-based product

Audi, Volkswagen, BMW, Toyota, Mercedes, Volvo, Subaru, Jaguar-Land Rover, Fiat Chrysler, Nissan, and Ford have all been making updates to console navigation software or apps. Ford, for example, is updating cars on the road with Apple CarPlay and Android Auto apps so phones can take over console screens

Impact Analysis: The changing mobility ecosystem, trend of connected cars & functional vehicles is driving the adoption of fleet management software & other devices such as GPS tracking devices. These global developments are analyzed to be growing at fast pace in thee developed regions .

Impact on Global Fleet Management Software Market

High

Medium

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Low

Market Restraints Low Adoption of Fleet Management System in the Developing Countries  We’ve seen in a number of countries that telematics helps improve loss ratios and customer retention rates, and assists with the claims management process. Telematics is starting to play a key role in the motor insurance market. Among Asian markets, Singapore has been the one in which telematics has seen lots of traction. Several insurers are offering telematics policies on the market, giving consumers more choices.  The developing regions i.e. Asia, Middle East & Africa have reached to a high point where they must take steps to adopt telematics solutions & fleet management software. The expanding automotive industry in Asia Pacific region, majorly in China & India have low adoption of fleet management system. Only few big transportation companies are currently witnessed to have installed GPS tracking system.  The world is already warming up to telematics, with close to 12 million usage-based insurance policies worldwide. In the US, there are close to 2.8 million drivers using the technology, carried by large insurers such as Progressive. Meanwhile, there is also keen interest in the UK, with close to 750,000 such policies.

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Projected Revenues From Connected Car Products For Passenger Cars Excluding Light Commercial Vehicles 2016

Revenue

Factors

m a S USD XX Billion

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Global automotive OEMs Automotive suppliers

2022

USD XX Billion

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Global automotive OEMs Automotive suppliers Vehicle management service providers Technology companies Consumer electronics companies Communications companies Emerging market OEMs Start-ups

Source: Goldstein Research

Impact Analysis: With the sluggish growth in the adoption of fleet management services in the developing countries, the growth of the total market is being largely impacted. Moreover the fact that automotive industry is expanding in Asia, there is need for the fleet services companies to grow in these countries.

Impact on Global Fleet Management Software Market High

Medium

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Low

Opportunities In-car Connectivity: Huge Potential Remains Untapped

Evolution Of Automotive Telematics

 Providing in-car connectivity is going to be essential for every carmaker, but the industry is still looking for viable business models.  The global telematics market is poised to grow exponentially in the future, with approximately XX million new cars expected to have some form of connectivity by 2025.  Penetration of integrated telematics to be driven by growing importance of smartphones and regulations for driver safety.  US to continue its lead with sales of approximately 16 million new cars with embedded telematics by 2025.  EU, Japan and BRIC nations present huge potential, primarily due to upcoming regulations  Penetration of global integrated telematics to touch XX% for new cars by 2025, while that of tethered telematics to flatten around XX%.

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Source: Goldstein Research

Telematics Trends and Technologies

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Growth in navigation services is set to be slightly slower, shipping in XX million cars by 2024, compared with XX million in 2016, according to the forecasts. Its is expected vehicle management applications, such as remote diagnostics and maintenance, to be supported by XX million cars sold in 2016, compared with XX million in 2015. SBD anticipates that these services, which rely on embedded systems, will not see the same level of demand from consumers as infotainment and navigation systems. Copyright

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Opportunities No single player holds a dominant position in the telematics market yet, and we believe no one will ever own it alone. The development of most of these services will force every major player to work outside its core competency.

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In revenue terms, Goldstein Research estimates the overall market that will be three times larger in 2024 than it was in 2016, comprising: USD XX billion from in-vehicle services, such as traffic information, call centre support and web-based entertainment USD XX billion from the sale of hardware, such as telematics control units USD XX billion from the delivery of telematics services, such as customer relationship management USD XX billion from the provision of connectivity, such as mobile data traffic Copyright

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Regional Analysis of North America Fleet Management Software Market

noRth ameRica Fleet management soFtwaRe maRket analysis, 2017-2025 Connect With Us:

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US Fleet Management Software Market Size (USD Billion) & Y-O-Y growth (%), 2017-2025 US Fleet Management Software Market Size (USD Billion), Compound Annual Growth Rate (%), Y-O-Y Growth Rate (%), 2017-2025 XX

XX XX XX XX

XX% CAGR: (2017-2025) XX

XX XX

XX XX%

XX XX XX 2017e

2018f

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2019f

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2020f

2021f

Source: Goldstein Research

Key Insights

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2022f

• The United States is the leader in telematics deployment due to efforts from GM, which has been the principal force in telematics deployment for a decade. GM’s decision to make OnStar a standard feature on all models as of 2009 has put pressure on its competitors to enter the telematics market. Until now, BMW and Mercedes were the only other OEMs to provide embedded telematics. However, their impact has been limited because they offer only luxury and premium vehicles

XX%

2023f

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2024f

XX% XX% XX% XX% XX% XX% XX% XX%

2025f

XX%

People are using in-car technology People are willing to use infotainment services people are not satisfied with present services

Source: Goldstein Research

XX%

In-car technologies Preference among drivers in US, 2017

• In the United States, total telematics unit sales— including both OEM installed and aftermarket— accounted for XX million units in 2015, up XX percent from XX million in 2012. The total then will climb to XX million in 2017.

XX%

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North America Fleet Management Software Market Attractiveness-By Country, 2017-2025 North America Fleet Management Software Market Attractiveness-By Country, 2017-2025 XX% XX%

CAGR (%)

XX% XX% XX% XX% XX% XX

e l p Sample m a S XX

Market Size (USD Billion)

Canada

Source: Goldstein Research

According to the above graph, China Fleet Management Software market is anticipated to be the most attractive market across all the countries in Fleet Management Software market, for new entrants looking to enter in the market, existing players looking for business expansion and investors seeking investment opportunities over the forecast period i.e. 2017-2025 Asia Pacific Fleet Management Software market is still at nascent stage due to lack of investments and technological resources in this field. But as per Mental Health Commission of Canada, 2012 strategies

North America Fleet Management Software Market BPS Analysis- By Country, 2017-2025 XX% XX%

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40% Canad a

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70%

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60%

XX% XX% XX% 2017

2025

Source: Goldstein Research

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Global Fleet Management Software Industry Outlook

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Expert Analysis  In 2017, Fleet Management Software is dominated by the seating furniture segment, accounted for nearly XX% of the total Asia-Pacific & Africa point of care testing (POCT) devices market and remaining XX% went for different end-use segments such as homecare settings. The main reason for this despaired share is due to the rising demand for point of care testing devices in Fleet Management Software on the back of their advantages such as faster and precise results  However, as the medical device technology is on rise (especially in developing countries), the Africa therapeutic market is projected to reach USD XXXX million in 2023 from USD XXXX million in 2017, registering a growth rate of XX%. In addition to that, Africa pharmaceutical market touched USD XXXX million in 2017 and rising demand for prescription medicines in the region is expected to accelerate the market to USD XXXX million by the end of 2023

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 As a result, if seen from the big market point of view, blood glucose monitoring devices demand is higher in homecare settings followed by Fleet Management Software . Moreover, the rising wearables expenditure in Africa on the back of new wearables reforms and rising investment in wearables sector is expected to bolster the growth of point of care testing devices in Africa & Asia-Pacific region  With USD XXXX million in 2017, blood glucose monitoring devices has the highest demand followed by located hemoglobin (HbA1c) testing devices and blood collection devices. The advancement in diagnostic devices are encouraging the hospitals and Fleet Management Software to adopt the advanced devices to obtain accurate diagnosis Business Strategy data. The precise data would further help the physicians to provide better treatment to the patients

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 Further, increasing spending by government authorities on research and development of innovative and advanced medical devices along with rising disease burden are some of the major reasons behind the spiked growth of Asia-Pacific & Africa point of care testing (POCT) devices market  Further, increasing spending by government authorities on research and development of innovative and advance connected devices along with rising disease burden are some of the major reasons behind the spiked growth of Middle East & Africa Fleet Management Software market.

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Global Fleet Management Software Market Outlook

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Global Fleet Management Software Market Outlook

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