Fleet Management Market 2019
Fleet Management Market Share, Size, Trends, And Business Opportunity Analysis Report 2019 include historic data, with forecast data to 2023. Fleet Management Market report is helpful for future strategy development, and to know about Market Drivers, Restraints, Opportunities, And Global market key players forecast to 2023.
The Key Players of Global Fleet Management Markets Are:
Fleetmatics Group PLC (U.S.), Verizon Telematics Inc.(U.S.), Trimble Inc. (U.S), WorkWave LLC(U.S.), Zonar Systems, Inc. (U.S.), I.D. Systems, Inc. (U.S), and Cisco Systems, Inc. (U.S.).
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Market Scenario:Fleet management is the process of managing vehicle fleet in an organization. Mismanaging a vehicle fleet can have significant effect on an organized operation. Fleet management typically includes vehicles such as trucks, cars and corporate fleets, commercial and freight aircrafts, buses and trams and also container ships. Fleet management includes operations such as vehicle tracking, mechanical diagnostics and also driver behavior. Furthermore, vehicle tracking and diagnostics include risk management, fuel management, telematics and accident management. Fleet management is predominantly used in sectors such as oil and gas, chemicals, mining, construction, retail and logistics, utilities, public and private transport, waste management and service sectors.
Fleet Management Market is expected to grow at a CAGR of 22% during the forecast period.
Fleet Management Market – Segmentation
The Global Fleet Management Market is segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Deployment Type: Comprises Cloud, On-Premises, and Hybrid
Segmentation by Management Type: Comprises driver management, asset management, and operation management
Segmentation by Connectivity Type: Comprises satellite navigation and cellular system
Segmentation by Services: Comprises managed services, integration and deployment services, and professional services
Segmentation by Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.
Industry/ Innovation/ Related News:
The key strategies followed by most companies within the global Fleet Management market are that of new product development.
On January 2017, Bridgepoint had acquired Zenith, who is vehicle fleet management company. The acquisition will allow the company to focus on both the corporate car and consumer markets from funding company cars or commercial vehicles. This will provide fully outsourced fleet management services.
On August 2016, Verizon had entered in the agreement to acquire Fleetmatics. The acquisition will enable them to become leading provider of fleet and mobile workforce management solutions across the globe.
On December 2017, Cisco announced the intent to acquire Cmpute.io in order to enhance existing CloudCenter features and accelerate the product features to boost the product line.
In 2016, ARI began offering the fleet health card, which helps fleet managers identify problematic vehicles that have the biggest impact on cost and reliability. ARI has received the 2015 International Fleet Industry Award for its unique unbundled fleet management solutions, which deliver complete cost transparency.
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Table of Contents
1 Executive Summary
2 Research Methodology
3 Market Dynamics
4 Global Fleet Management Market, By Deployment Type
5 Global Fleet Management Market, By Management Type
6 Global Fleet Management Market, By Connectivity Type
7 Global Fleet Management Market, By Services
8 Regional Market Analysis
9 Competitive Analysis
Continued…….
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