Fleet Management Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis (2017-2021) and Forecast (2022-2028)

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Fleet Management Market: By Component (Solutions, Services),  Deployment Type (On-Premises, Cloud), Fleet Type (Commercial Fleet, Light commercial vehicle, Medium and heavy commercial vehicles, Passenger cars, Internal combustion engine, Electric vehicles) and Geography

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Report

Description

Fleet Management Market size is valued at USD x million in 2021 and is expected to reach a value of USD x million by 2028, growing at a CAGR of x% during the forecast period 2022 to 2028. The global market provides a detailed overview of the fleet management market and that can be segmented by deployment type, fleet type, and application. component, the fleet management market has been segmented into solutions and services. The solutions segment is likely to be the largest and fastest-growing segment in terms of components. Further, solutions are further segregated into operation management, vehicle maintenance and diagnostics, performance management, fleet analytics, and reporting. Services are segmented into professional services and managed services. Based on deployment type, the fleet management market is segmented into on-premises, and cloud. Among these, the on-premises segment is expected to have the fastest-growing market during the forecast period 2022-2028. On the basis of fleet type, the market is divided into the commercial fleet, light commercial vehicles, medium and heavy commercial vehicles, passenger cars, the internal combustion engine, and electric vehicles. The commercial fleet held a considerable market share during the forecast period.

Key Developments:

In Feb 2021, Inseego has agreed to sell Ctrack’s South African branch to Convergence Partners, an investment management firm concentrating on Africa’s technology, media, and telecom sector.

Fleet Management Market

MARKET SUMMARY
-
X%
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR– X%
  • Fastest Growing Market– Asia-Pacific

Fleet Management Market

  • The Fleet Management Market report gives a comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and the Middle East, and Africa.
  • The Fleet Management Market is segmented based on component, deployment type, fleet type, application, and geography.
Key Players
  • Cisco Systems, Inc.
  • Digital Matter
  • Embitel
  • Geotab Inc.
  • GoGPS
  • Rand McNally

Fleet Management Market

By optimizing routing, maintaining vehicle security, promoting driver safety, and improving fleet vehicle performance and life cycle, fleet management solutions help fleet owners improve profit. Every industry strives for maximal output at the lowest possible cost. Fleet costs account for a significant amount of a company’s operational expenses for fleet management. It also aids in the visualization of fleet performance and the identification of which drivers or cost-cutting categories should be prioritized for development.


Asia-Pacific Got Significant Share

Fleet Management Market

By region, the Asia Pacific market is expected to witness the highest market share during the forecast period owing to the increased need for fleet management and vehicle tracking solutions in terms of the use of new technology across many sectors, the region is undergoing rapid transformation. The region's untapped market strength, increased awareness about driver safety and accident avoidance, future laws to promote road safety, and expansion in the transportation and logistics industries are all driving the fleet management market in Asia Pacific.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The fleet management market report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
  • The fleet management market report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The fleet management market report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The fleet management market report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The fleet management market report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Fleet Management Market


Location

GEOGRAPHY

Frequently Asked Questions

The Fleet Management Market is projected to expand at a CAGR of X% during the forecast period.

The major players in the global Fleet Management Market are Cisco Systems, Inc., Digital Matter, Embitel, Geotab Inc., GoGPS, Rand McNally, TomTom N.V., Trakm8 Limited, Trimble Inc., WebEye Telematics Group, Wireless Links and Zebra Technologies Corp

Asia-Pacific is the fastest-growing region for Fleet Management Market


Report

Table Of Content

1. Executive Summary
2. Global Fleet Management Market Introduction
2.1. Global Fleet Management Market – Taxonomy
2.2. Global Fleet Management Market –Definitions
2.2.1. Component
2.2.2. Deployment Type
2.2.3. Fleet Type
3. Global Fleet Management Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Fleet Management Market Dynamic Factors – Impact Analysis
3.6. Global Fleet Management Market – Competition Landscape
3.7. Epidemiology
4. Global Fleet Management Market Analysis,2017 – 2021 and Forecast, 2022 – 2028
4.1. Market Analysis,2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Fleet Management Market, By Component, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.1. Solutions
5.1.1. Operation Management
5.1.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.1.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.1.3. Market Opportunity Analysis
5.1.2. Vehicle maintenance and diagnostics
5.1.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.1.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.2.3. Market Opportunity Analysis
5.1.3. Performance management
5.1.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.1.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3.3. Market Opportunity Analysis
5.1.4. Fleet analytics and reporting
5.1.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.1.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.4.3. Market Opportunity Analysis
5.1.5. Others
5.1.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.1.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.5.3. Market Opportunity Analysis
5.2. Services
5.2.1. Professional services
5.2.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.2.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.1.3. Market Opportunity Analysis
5.2.2. Managed services
5.2.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.2.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.2.3. Market Opportunity Analysis
6. Global Fleet Management Market Forecast, By Deployment Type, 2017 – 2021 and Forecast, 2021 – 2027 (Revenue, USD Mn)
6.1. On-Premises
6.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Cloud
6.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
7. Global Fleet Management Market, By Fleet Type, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.1. Commercial Fleet
7.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Light commercial vehicle
7.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Medium and heavy commercial vehicles
7.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
7.4. Passenger cars
7.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
7.5. Internal combustion engine
7.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.5.3. Market Opportunity Analysis
7.6. Electric vehicles
7.6.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.6.3. Market Opportunity Analysis
8. Global Fleet Management Market Forecast, By Region, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.1. North America
8.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Europe
8.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Asia-Pacific
8.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
8.4. Latin America
8.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.4.3. Market Opportunity Analysis
8.5. Middle East and Africa
8.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.5.3. Market Opportunity Analysis
8.6. Global Fleet Management Market – Opportunity Analysis Index, By Component, Deployment Type, Fleet Type and Region, 2022 – 2028
9. North America Fleet Management Market Analysis,2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
9.1. By  Component Analysis 2017 – 2021 and Forecast 2022 – 2028by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
9.1.1. Solutions
9.1.1.1. Operation Management
9.1.1.2. Vehicle maintenance and diagnostics
9.1.1.3. Performance management
9.1.1.4. Fleet analytics and reporting
9.1.1.5. Others
9.1.2. Services
9.1.2.1. Professional services
9.1.2.2. Managed services
9.2. Deployment Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
9.2.1. On-Premises
9.2.2. Cloud
9.3. Fleet Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
9.3.1. Commercial Fleet
9.3.2. Light commercial vehicle
9.3.3. Medium and heavy commercial vehicles
9.3.4. Passenger cars
9.3.5. Internal combustion engine
9.3.6. Electric vehicles
9.4. Country Analysis 2017 – 2021 and Forecast 2022 – 2028by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
9.4.1. USA
9.4.2. Canada
9.5. North America Fleet Management Market – Opportunity Analysis Index, By  Component, Deployment Type, Fleet Type, and Country, 2022 – 2028
9.6. North America Fleet Management Market Dynamics – Trends
10. Europe Fleet Management Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
10.1. By  Component Analysis 2017 – 2021 and Forecast 2022 – 2028by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
10.1.1. Solutions
10.1.1.1. Operation Management
10.1.1.2. Vehicle maintenance and diagnostics
10.1.1.3. Performance management
10.1.1.4. Fleet analytics and reporting
10.1.1.5. Others
10.1.2. Services
10.1.2.1. Professional services
10.1.2.2. Managed services
10.2. Deployment Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.2.1. On-Premises
10.2.2. Cloud
10.3. Fleet Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.3.1. Commercial Fleet
10.3.2. Light commercial vehicle
10.3.3. Medium and heavy commercial vehicles
10.3.4. Passenger cars
10.3.5. Internal combustion engine
10.3.6. Electric vehicles
10.4. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.4.1. Germany
10.4.2. UK
10.4.3. France
10.4.4. Spain
10.4.5. Italy
10.4.6. Russia
10.4.7. Poland
10.4.8. Rest of Europe
10.5. Europe Fleet Management Market – Opportunity Analysis Index, By  Component, Deployment Type, Fleet Type, and Country, 2022 – 2028
10.6. Europe Fleet Management Market Dynamics – Trends
11. Asia-Pacific Fleet Management Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
11.1. By  Component Analysis 2017 – 2021 and Forecast 2022 – 2028by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
11.1.1. Solutions
11.1.1.1. Operation Management
11.1.1.2. Vehicle maintenance and diagnostics
11.1.1.3. Performance management
11.1.1.4. Fleet analytics and reporting
11.1.1.5. Others
11.1.2. Services
11.1.2.1. Professional services
11.1.2.2. Managed services
11.2. Deployment Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.2.1. On-Premises
11.2.2. Cloud
11.3. Fleet Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.3.1. Commercial Fleet
11.3.2. Light commercial vehicle
11.3.3. Medium and heavy commercial vehicles
11.3.4. Passenger cars
11.3.5. Internal combustion engine
11.3.6. Electric vehicles
11.4. Country Analysis2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.4.1. Japan
11.4.2. China
11.4.3. India
11.4.4. ASEAN
11.4.5. Australia & New Zealand
11.4.6. Rest of Asia-Pacific
11.5. Asia-Pacific Fleet Management Market – Opportunity Analysis Index, By  Component, Deployment Type, Fleet Type, and Country, 2022 – 2028
11.6. Asia-Pacific Fleet Management Market Dynamics – Trends
12. Latin America Fleet Management Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
12.1. By  Component Analysis 2017 – 2021 and Forecast 2022 – 2028by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
12.1.1. Solutions
12.1.1.1. Operation Management
12.1.1.2. Vehicle maintenance and diagnostics
12.1.1.3. Performance management
12.1.1.4. Fleet analytics and reporting
12.1.1.5. Others
12.1.2. Services
12.1.2.1. Professional services
12.1.2.2. Managed services
12.2. Deployment Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.2.1. On-Premises
12.2.2. Cloud
12.3. Fleet Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.3.1. Commercial Fleet
12.3.2. Light commercial vehicle
12.3.3. Medium and heavy commercial vehicles
12.3.4. Passenger cars
12.3.5. Internal combustion engine
12.3.6. Electric vehicles
12.4. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.4.1. Brazil
12.4.2. Mexico
12.4.3. Argentina
12.4.4. Rest of Latin America
12.5. Latin America Fleet Management Market – Opportunity Analysis Index, By  Component, Deployment Type, Fleet Type, and Country, 2022 – 2028
12.6. Latin America Fleet Management Market Dynamics – Trends
13. Middle East and Africa Fleet Management Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
13.1. By  Component Analysis 2017 – 2021 and Forecast 2022 – 2028by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
13.1.1. Solutions
13.1.1.1. Operation Management
13.1.1.2. Vehicle maintenance and diagnostics
13.1.1.3. Performance management
13.1.1.4. Fleet analytics and reporting
13.1.1.5. Others
13.1.2. Services
13.1.2.1. Professional services
13.1.2.2. Managed services
13.2. Deployment Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.2.1. On-Premises
13.2.2. Cloud
13.3. Fleet Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.3.1. Commercial Fleet
13.3.2. Light commercial vehicle
13.3.3. Medium and heavy commercial vehicles
13.3.4. Passenger cars
13.3.5. Internal combustion engine
13.3.6. Electric vehicles
13.4. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
13.4.1. Gulf Cooperation Council (GCC) Countries
13.4.2. Israel
13.4.3. South Africa
13.4.4. Rest of MEA
13.5. MEA Fleet Management Market – Opportunity Analysis Index, By  Component, Deployment Type, Fleet Type, and Country, 2022 – 2028
13.6. MEA Fleet Management Market Dynamics – Trends
14. Competition Landscape 
14.1. Strategic Dashboard of Top Market Players
14.2. Company Profiles (Introduction, Financial Analysis, Deployment Type& Service Offerings, Key Developments, Strategies, and SWOT Analysis)
14.2.1. Cisco Systems, Inc.
14.2.2. Digital Matter
14.2.3. Embitel
14.2.4. Geotab Inc.
14.2.5. GoGPS
14.2.6. Rand McNally
14.2.7. TomTom N.V.
14.2.8. Trakm8 Limited
14.2.9. Trimble Inc.
14.2.10. WebEye Telematics Group
14.2.11. Wireless Links
14.2.12. Zebra Technologies Corp.
15. Research Methodology
16. Key Assumptions and Acronyms

Report

Company Profile

  • Cisco Systems, Inc.
  • Digital Matter
  • Embitel
  • Geotab Inc.
  • GoGPS
  • Rand McNally
  • TomTom N.V.
  • Trakm8 Limited
  • Trimble Inc.
  • WebEye Telematics Group
  • Wireless Links
  • Zebra Technologies Corp

Description

Fleet Management Market size is valued at USD x million in 2021 and is expected to reach a value of USD x million by 2028, growing at a CAGR of x% during the forecast period 2022 to 2028. The global market provides a detailed overview of the fleet management market and that can be segmented by deployment type, fleet type, and application. component, the fleet management market has been segmented into solutions and services. The solutions segment is likely to be the largest and fastest-growing segment in terms of components. Further, solutions are further segregated into operation management, vehicle maintenance and diagnostics, performance management, fleet analytics, and reporting. Services are segmented into professional services and managed services. Based on deployment type, the fleet management market is segmented into on-premises, and cloud. Among these, the on-premises segment is expected to have the fastest-growing market during the forecast period 2022-2028. On the basis of fleet type, the market is divided into the commercial fleet, light commercial vehicles, medium and heavy commercial vehicles, passenger cars, the internal combustion engine, and electric vehicles. The commercial fleet held a considerable market share during the forecast period.

Key Developments:

In Feb 2021, Inseego has agreed to sell Ctrack’s South African branch to Convergence Partners, an investment management firm concentrating on Africa’s technology, media, and telecom sector.

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