Fleet Management Solution Market - Leading Players Focusing on Emerging Countries with Untapped Opportunities to Stay Ahead

Global Fleet Management Solution Market: Overview

The global fleet management solution market has become a key part of the global economy over the years due to the rising importance of logistics in almost every sector. Fleet management comprises a financially important part of the operations of a company and has thus been the subject of intense attention. Increasing the efficiency of fleets is the key target of fleet management solutions, with a view to keeping the expenditure to a minimum. Compliance with government safety regulations is another key aspect of fleet management systems.

Cloud-based fleet management solutions are likely to remain popular in the global fleet management solutions market in the coming years, dominating the on-premise deployment segment comprehensively. The convenience of cloud architecture in storing large amounts of data is a key factor augmenting the prospects of the cloud segment of the fleet management solutions market. By product type, operation management solutions are likely to lead the global fleet management solutions market, as achieving maximum efficiency has become the key goal for fleet management solutions.

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On the basis of end use, the global fleet management solutions market is led by the transportation and logistics sector. Transportation and logistics companies are likely to remain the key consumer of fleet management solutions in the coming years due to the rapid urbanization in developing countries, which has led to a consistent demand for infrastructure development. Moreover, the automotive industry is likely to exhibit increasing demand for fleet management solutions in the coming years, with the segment expected to emerge as the fastest growing application segment of the global fleet management solutions market over the 2017-2025 forecast period.

Global Fleet Management Solution Market: Key Trends

The rising adoption of fleet management analytics is likely to be a crucial factor for the global fleet management solutions market in the coming years. Due to the availability of sophisticated physical as well as electronic monitoring technologies, significant data can be gained by analyzing the usage data of fleets. This helps companies employ more comprehensive and effective fleet management solutions. The rising preference for smaller and more efficient fleets is thus a prime driver for the global fleet management solutions market.

The rising use of shopping services offering home deliveries could also play a key role in the global fleet management solutions market. The widespread use of online shopping portals in developed countries has led to increased dependence on vehicle fleets. The sustained rise in the number of avenues adapting to market forces and bringing their product to the consumer is likely to drive the global fleet management solutions market at a consistent rate in the coming years.

Global Fleet Management Solution Market: Geographical Outlook

North America is likely to account for a dominant share in the global fleet management solutions market in the coming years. The regional fleet management solutions market’s position in the global scenario is due to the strong support network between leading industry players and OEMs. Europe, led by France, Germany, and the U.K., is also a key regional market for fleet management solutions. The increasing trade through Pan-European corridors is likely to ensure a steady share for Europe in the global fleet management solutions market in the coming years. The regulatory framework in Europe is also likely to support the use of fleet management solutions in the coming years.

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Global Fleet Management Solutions Market: Competitive Dynamics

Leading players in the global fleet management solutions market include Magellan Navigation Inc., Element Fleet Management Corp., JDA Software Group Inc., Emkay Inc., Trimble Inc., Daimler Fleet Management GmbH, TomTom Telematics BV, and Wheels Inc.

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