The global fleet management market is anticipated to witness growth over the forecast period. Fleet Management is managing all the aspects of a vehicle during a company. Fleet vehicles are people who have import within the business or which affect the business during a significant manner. Fleet management has three basic components specifically position and material monitoring, production monitoring and equipment assignment and optimization. Fleet management contains features like driver behaviour, mechanical diagnostics and vehicle tracking. It incorporates fuel management, risk management, telematics, accident management, remarketing, fleet vehicle financing, etc. The applications of fleet management contain service sector, oil and gas chemicals, mining, construction, logistics, retail, utilities, conveyance, government and waste management, academia, etc.

Fleet management covers all kinds of vehicles like trucks and trailers, buses and trams, container ships, rail and cruise ships, light goods vehicle, corporate fleets, commercial & freighter aircrafts, etc. Fleet management has advantages like maintenance planning, vehicle performance, enhanced driver safety, scheduling of fleet proper routing which cause cost effective operations for the fleet owners, simple acquisition process, fleet safety and customer satisfaction. Moreover, connected vehicles and smart transportation concepts integrated with partnerships with production facilities are often beneficial for brand spanking new entrants. However, challenges like promoting safety, greater compliance standards lesser integrity of knowledge, lesser flexibility, less transparency, less follow-ups and greater efficiency expectations can become restraints if not catered to at the proper time.

Global Fleet Management market is segmented based on the Component as, Solutions and Services. On the basis of Fleet Type, the global Fleet Management market is segregated as Commercial Fleets and Passenger Cars. Global Fleet Management market is segmented based on the Deployment as, On-Premises and Cloud.

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Global Fleet Management market report covers various regions including North America, Europe, Asia Pacific, and Rest of World. The regional Fleet Management market is further bifurcated for major countries including U.S., Canada, Germany, UK, France, Italy, China, India, Japan, Brazil, South Africa and others.

Research Methodology:

To calculate the market size, the report considers the revenue generated from the sales of Fleet Management market manufacturers. The revenue generated from the sales of Fleet Management manufacturer has been calculated through primary and secondary research.

The market size estimation also considered leading players revenues as part of triangulation the key players considered are ARI Fleet Management (US), Azuga (US), Chevin Fleet Solutions (Australia), Ctrack (US), Donlen Corporation (US), Geotab (Canada), GPS Insight (US), Masternaut (UK), MiX Telematics (South Africa) , Nextraq (US), Teletrac Navman (US), Trimble (US),  Verizon Connect (US), Wheels, Inc (US), and Fleetroot (UAE) Availability Services among others operating in the Fleet Management market across the globe identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes types of segmentation determined using secondary sources and verified through primary sources.

The Fleet Management Market has been segmented as below:

Fleet Management Market, By Component

• Solutions
• Operations Management
• Fleet Tracking and Geofencing
• Routing and Scheduling
• Performance Management
• Driver Management
• Fuel Management
• Vehicle Maintenance and Diagnostics
• Fleet Analytics and Reporting
• Others (crash management and toll management)
• Services
• Professional Services
• Consulting
• Implementation
• Support and Maintenance
• Managed Services

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Fleet Management Market, By Fleet Type

• Commercial Fleets
• Light Commercial Vehicles
• Medium and Heavy Commercial Vehicles
• Passenger Cars
• Internal Combustion Engine
• Electric Vehicles

Fleet Management Market, By Deployment Type

• On-Premises
• Cloud

Fleet Management Market, By Region

• North America
• Europe
• Asia Pacific
• Rest of World

Report scope:

The global Fleet Management market report covers detailed study with the underlying influencing factors for the variations in the industry growth trends. The report scope includes market analysis on regional as well as country level.

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