The importance of operations such as vehicle tracking and mechanical diagnostics, among others, is estimated to spur the fleet management market size in the period being forecasted. The demand for heightened driver security and the establishment of proper routing of fleets is estimated to guide the development of the fleet management market in the forecast period. The ability of fleet management to achieve the ultimate goal of cost reduction is estimated to boost the market in the forthcoming period.
The uptick in demand from the oil & gas and chemicals sectors is
estimated to direct the development of the fleet
management market 2023. The automotive technology and services reports are
produced by Market Research Future, which features market options for
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Market
Segmental Analysis
The segmental study of the fleet management market has been carried
out on the basis of deployment type, management type, connectivity type, regions,
and service type. Based on the connectivity type, the fleet management market
has been divided into the cellular system and satellite navigation. Based on
deployment types, the fleet management market has been segmented into
on-premises, cloud, and hybrid. Based
on the management type, the fleet management market consists of asset
management, driver management, and operation management.
Based on the regions, the fleet management market has been segmented
into Europe, Asia Pacific, North America, and the rest of the regions globally.
On the basis of services type, the fleet management market has been segmented
into integration and deployment services, managed services, and professional
services.
Detailed Regional
Analysis
The regional review of the fleet management market has been
segmented into Europe, Asia Pacific, North America, and the rest of the regions
globally. The developing opportunities in countries like China and India are predicted
to advance the evolution of the fleet management market in the upcoming years. The
North American and European regions are two imperative revenue pockets that are
expected to steer the growth route of the global market of fleet management.
The placement of technical innovations strategically is primed to propel the
regional fleet management market on an ascendant trajectory.
Additionally, the strict emission standards are anticipated to favor
the development of the fleet management market in the foreseeable future. The Asia Pacific regional market has
been appraised to begin as the fastest mounting region in the worldwide fleet
management market. In addition, extensive adoption of web and mobile-based
business services being perceived, which is principally responsible for
motivating the development of the fleet management market in the impending
forecast period.
Competitive
Analysis
The competition in the market is estimated to be focused
on mitigating the effect of external forces rather than exclusively dealing
with internal competition. The government role is estimated to be pronounced in
the near term as their backing is essential to get the growth of regional
markets on track. The market is in a stage that requires careful and strategic
planning to ensure that the growth achieved thus far is not compromised.
The market is expected to revitalize its options for
development as it overcomes this period of uncertainty in a careful and
calibrated manner, the enhancement of the supply chains is estimated to focus
on the incorporation of robotic assets so as to broaden the scope of supply
that can be expected from the market on the whole. The market is also expected to emphasize on
innovation to amplify the development scope in the global market.
The significant contenders in the fleet
management market are Fleetmatics Group PLC (U.S.), Verizon Telematics Inc.(U.S.),
Trimble Inc. (U.S), WorkWave LLC(U.S.), I.D. Systems, Inc. (U.S), Zonar
Systems, Inc. (U.S.), and Cisco Systems,
Inc. (U.S.) to name a few.
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