Fleet management is a process or an approach that enables companies to systemize and co-ordinate work vehicles with the aim to reduce costs, improve efficiency, and provide compliance to government regulations. Solutions such as driver management, vehicle management and operations management are encompassed in the scope of fleet management solutions. The rising adoption of fleet management analytics and a shift towards smaller fleets are some of the reason that are expected to drive the fleet management solution market in the next few years.
The market is also expected to benefit from the vast technological advancements recently observed in the field of automatic vehicles. Transparency Market Research estimates that the global fleet management solutions market will exhibit an exponential CAGR of 22.6% during the period between 2017 and 2025, rising from a valuation of US$12.57 bn in 2015 to US$91.94 bn in 2025.
On the basis of deployment, the global fleet management solution market is segmented into cloud and on-premise. The cloud-based deployment segment is anticipated to contribute major share in the global fleet management solution market. With the increased demand and adoption of Software as a Service model, the cloud deployment segment is anticipated to witness rapid and steady growth throughout the forecast period. The on-premise deployment segment is expected to hold a comparatively smaller share of the global fleet management solution market.
On the basis of type, the global fleet management solution market has been segmented in the report into vehicle management, driver management, and operations management. Of these, the segment of operations management solutions is expected to hold the dominant share of the global market throughout the forecast period. The segment is expected to be followed by the segment of vehicle management solutions in terms of market share. Moreover, the vehicle management solutions segment is also projected to be the segment with the most promising growth opportunities owing to high rate of growth. This segment is expected to grow at a CAGR of 24.7% during the period from 2017 to 2025. This growth is primarily attributable to increased demand for green fleets.
The global fleet management solution market is expected to be led by North America throughout the forecast period. The North America market for fleet management solutions is estimated to contribute a massive share in the global market over the forecast period, with the U.S. providing most of the revenue. The presence of key industry players along with support from OEMs is expected to drive the market in the region.
Europe is expected to follow North America in terms of market revenue. The presence of several local industry players, increasing trade through Pan-European corridor and the growing awareness about technology and solutions is expected to drive the market in the region. Favorable regulatory initiatives in the region are also expected to add to the market growth. The market in Asia Pacific is expected to be lead in terms of growth rate over the report’s forecast period. This growth is expected to be driven by demand across countries such as China, Japan, and India, while South East Asian countries with their superior infrastructure and impressive communication network are also expected to contribute substantially to the region’s growth.
Some of the leading players operating in the global fleet management solution market are Trimble Inc., Element Fleet Management Corp., Daimler Fleet Management GmbH, JDA Software Group, Inc., Wheels, Inc., MiX Telematics Ltd., TomTom Telematics BV. , Magellan Navigation, Inc., Emkay, Inc., and Telogis, Inc.
Increased Adoption of Fleet Management Solution Drives Promising Avenues for Market Players
Fleet management refers to an approach or a process that allows organizations to systemize as well as synchronize work vehicles in order to achieve various benefits. Some of the advantages of fleet management include cost reduction, improved efficiency, and government regulations compliance. Owing to all these advantages, there is remarkable growth in the acceptance of fleet management solution among organizations from all across the globe. This scenario is creating promising expansion avenues for vendors in the global fleet management solution market.
In recent years, there is considerable growth in the acceptance of Software as a Service model. As a result, the vendors from the global fleet management solution market are experiencing high demand for the cloud deployment. Vehicle management, driver management, and operations management are some of the solutions included in the scope of fleet management solutions.
In recent few years, there is considerable growth in acceptance of fleet management analytics. Majority of companies across the globe are inclined toward smaller fleets. These factors are projected to stimulate sales opportunities in the fleet management solution market in the next few years. Apart from this, the market for fleet management solution is likely to gain the advantage of recent technological advancements the automatic vehicles sector.
The recent COVID-19 pandemic has impacted adversely on the growth of the companies working in the global fleet management solution market. Many companies in the market for fleet management solution have experienced sudden drop in their sales as well as revenues. Thus, many industry leaders are investing time to develop strategies, which will help them in coming out of the losses occurred due to this pandemic. This scenario confirms that the global fleet management solution market will experience short-term downward growth curve; however, the market will bounce back in the forthcoming years.
1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
2. Assumptions and Research Methodology
3. Executive Summary : Global Fleet Management Solution Market
4. Market Overview
4.1. Market Dynamics
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.2. Key Trends
4.3. Global Fleet Management Solution Market Analysis and Forecasts, (2015 – 2025)
4.4. Porter’s Five Forces Analysis
4.5. Market Outlook
5. Global Fleet Management Solution Market Analysis and Forecasts, By Deployment
5.1. Introduction & Definitions
5.2. Fleet Management Solution Market Size (US$ Bn) Forecast By Deployment, 2015 - 2025
5.2.1. Cloud
5.2.2. On-Premise
5.3. Deployment Comparison Matrix
5.4. Market Attractiveness By Deployment
6. Global Fleet Management Solution Market Analysis and Forecasts, By Type
6.1. Introduction & Definitions
6.2. Fleet Management Solution Market Size (US$ Bn) Forecast By Type, 2015 - 2025
6.2.1. Vehicle Management
6.2.2. Driver Management
6.2.3. Operations Management
6.3. Type Comparison Matrix
6.4. Market Attractiveness By Type
7. Global Fleet Management Solution Market Analysis and Forecasts, By End-Use Industry
7.1. Introduction
7.2. Fleet Management Solution Market Size (US$ Bn) Forecast By End-Use Industry, 2015 - 2025
7.2.1. Transportation & Logistics
7.2.2. Automotive
7.2.3. Retail
7.2.4. Government
7.2.5. Shipping
7.3. End-Use Industry Comparison Matrix
7.4. Market Attractiveness By End-Use Industry
8. Global Fleet Management Solution Market Analysis and Forecasts, By Region
8.1. Key Findings
8.2. Fleet Management Solution Market Size (US$ Bn) Forecast By Region, 2015 - 2025
8.2.1. North America
8.2.2. Europe
8.2.3. Asia Pacific
8.2.4. Middle East and Africa
8.2.5. South America
8.3. Region Comparison Matrix
8.4. Market Attractiveness By Region
9. North America Fleet Management Solution Market Analysis and Forecast
9.1. Key Findings
9.2. Fleet Management Solution Market Size (US$ Bn) Forecast By Deployment, 2015 - 2025
9.2.1. Cloud
9.2.2. On-Premise
9.3. Fleet Management Solution Market Size (US$ Bn) Forecast By Type, 2015 - 2025
9.3.1. Vehicle Management
9.3.2. Driver Management
9.3.3. Operations Management
9.4. Fleet Management Solution Market Size (US$ Bn) Forecast By End-Use Industry, 2015 - 2025
9.4.1. Transportation & Logistics
9.4.2. Automotive
9.4.3. Retail
9.4.4. Government
9.4.5. Shipping
9.5. Fleet Management Solution Market Size (US$ Bn) Forecast By Country, 2015 - 2025
9.5.1. The U.S.
9.5.2. Canada
9.5.3. Rest of North America
9.6. Market Attractiveness Analysis
9.6.1. By Country
9.6.2. By Deployment
9.6.3. By Type
9.6.4. By End-Use Industry
10. Europe Fleet Management Solution Market Analysis and Forecast
10.1. Key Findings
10.2. Fleet Management Solution Market Size (US$ Bn) Forecast By Deployment, 2015 - 2025
10.2.1. Cloud
10.2.2. On-Premise
10.3. Fleet Management Solution Market Size (US$ Bn) Forecast By Type, 2015 - 2025
10.3.1. Vehicle Management
10.3.2. Driver Management
10.3.3. Operations Management
10.4. Fleet Management Solution Market Size (US$ Bn) Forecast By End-Use Industry, 2015 - 2025
10.4.1. Transportation & Logistics
10.4.2. Automotive
10.4.3. Retail
10.4.4. Government
10.4.5. Shipping
10.5. Fleet Management Solution Market Size (US$ Bn) Forecast By Country, 2015 - 2025
10.5.1. The U.K.
10.5.2. Germany
10.5.3. France
10.5.4. Rest of Europe
10.6. Market Attractiveness Analysis
10.6.1. By Country
10.6.2. By Deployment
10.6.3. By Type
10.6.4. By End-Use Industry
11. Asia Pacific Fleet Management Solution Market Analysis and Forecast
11.1. Key Findings
11.2. Fleet Management Solution Market Size (US$ Bn) Forecast By Deployment, 2015 - 2025
11.2.1. Cloud
11.2.2. On-Premise
11.3. Fleet Management Solution Market Size (US$ Bn) Forecast By Type, 2015 - 2025
11.3.1. Vehicle Management
11.3.2. Driver Management
11.3.3. Operations Management
11.4. Fleet Management Solution Market Size (US$ Bn) Forecast By End-Use Industry, 2015 - 2025
11.4.1. Transportation & Logistics
11.4.2. Automotive
11.4.3. Retail
11.4.4. Government
11.4.5. Shipping
11.5. Fleet Management Solution Market Size (US$ Bn) Forecast By Country, 2015 - 2025
11.5.1. India
11.5.2. Japan
11.5.3. China
11.5.4. Rest of Asia Pacific
11.6. Market Attractiveness Analysis
11.6.1. By Country
11.6.2. By Deployment
11.6.3. By Type
11.6.4. By End-Use Industry
12. Middle East and Africa (MEA) Fleet Management Solution Market Analysis and Forecast
12.1. Key Findings
12.2. Fleet Management Solution Market Size (US$ Bn) Forecast By Deployment, 2015 - 2025
12.2.1. Cloud
12.2.2. On-Premise
12.3. Fleet Management Solution Market Size (US$ Bn) Forecast By Type, 2015 - 2025
12.3.1. Vehicle Management
12.3.2. Driver Management
12.3.3. Operations Management
12.4. Fleet Management Solution Market Size (US$ Bn) Forecast By End-Use Industry, 2015 - 2025
12.4.1. Transportation & Logistics
12.4.2. Automotive
12.4.3. Retail
12.4.4. Government
12.4.5. Shipping
12.5. Fleet Management Solution Market Size (US$ Bn) Forecast By Country, 2015 - 2025
12.5.1. Saudi Arabia
12.5.2. UAE
12.5.3. South Africa
12.5.4. Rest of MEA
12.6. Market Attractiveness Analysis
12.6.1. By Country
12.6.2. By Deployment
12.6.3. By Type
12.6.4. By End-Use Industry
13. South America Fleet Management Solution Market Analysis and Forecast
13.1. Key Findings
13.2. Fleet Management Solution Market Size (US$ Bn) Forecast By Deployment, 2015 - 2025
13.2.1. Cloud
13.2.2. On-Premise
13.3. Fleet Management Solution Market Size (US$ Bn) Forecast By Type, 2015 - 2025
13.3.1. Vehicle Management
13.3.2. Driver Management
13.3.3. Operations Management
13.4. Fleet Management Solution Market Size (US$ Bn) Forecast By End-Use Industry, 2015 - 2025
13.4.1. Transportation & Logistics
13.4.2. Automotive
13.4.3. Retail
13.4.4. Government
13.4.5. Shipping
13.5. Fleet Management Solution Market Size (US$ Bn) Forecast By Country, 2015 - 2025
13.5.1. Brazil
13.5.2. Argentina
13.5.3. Rest of South America
13.6. Market Attractiveness Analysis
13.6.1. By Country
13.6.2. By Deployment
13.6.3. By Type
13.6.4. By End-Use Industry
14. Competition Landscape
14.1. Market Player – Competition Matrix
14.2. Market Share Analysis By Company (2016)
14.3. Company Profiles (Details – Overview, Financials, Strategy, and SWOT)
14.3.1. Element Fleet Management Corp.
14.3.1.1. Overview
14.3.1.2. Financials
14.3.1.3. Strategy
14.3.1.4. SWOT
14.3.2. Daimler Fleet Management GmbH
14.3.2.1. Overview
14.3.2.2. Financials
14.3.2.3. Strategy
14.3.2.4. SWOT
14.3.3. JDA Software Group, Inc.
14.3.3.1. Overview
14.3.3.2. Financials
14.3.3.3. Strategy
14.3.3.4. SWOT
14.3.4. Wheels, Inc.
14.3.4.1. Overview
14.3.4.2. Financials
14.3.4.3. Strategy
14.3.4.4. SWOT
14.3.5. MiX Telematics Ltd.
14.3.5.1. Overview
14.3.5.2. Financials
14.3.5.3. Strategy
14.3.5.4. SWOT
14.3.6. TomTom Telematics BV.
14.3.6.1. Overview
14.3.6.2. Financials
14.3.6.3. Strategy
14.3.6.4. SWOT
14.3.7. Trimble Inc.
14.3.7.1. Overview
14.3.7.2. Financials
14.3.7.3. Strategy
14.3.7.4. SWOT
14.3.8. Telogis, Inc. (Verizon)
14.3.8.1. Overview
14.3.8.2. Financials
14.3.8.3. Strategy
14.3.8.4. SWOT
14.3.9. Magellan Navigation, Inc.
14.3.9.1. Overview
14.3.9.2. Financials
14.3.9.3. Strategy
14.3.9.4. SWOT
14.3.10. Emkay, Inc.
14.3.10.1. Overview
14.3.10.2. Financials
14.3.10.3. Strategy
14.3.10.4. SWOT
15. Key Takeaways
List of Tables
Table 1: Global Fleet Management Solution Market Revenue (US$ Bn) Forecast, by Deployment, 2015 - 2025
Table 2: Global Fleet Management Solution Market Revenue (US$ Bn) Forecast, by Type, 2015 - 2025
Table 3: Global Fleet Management Solution Market Revenue (US$ Bn) Forecast, by End-Use Industry, 2015 - 2025
Table 4: Global Fleet Management Solution Market Revenue (US$ Bn) Forecast, by Region, 2015 - 2025
Table 5: North America Fleet Management Solution Market Revenue (US$ Bn) Forecast, by Deployment, 2015 - 2025
Table 6: North America Fleet Management Solution Market Revenue (US$ Bn) Forecast, by Type, 2015 - 2025
Table 7: North America Fleet Management Solution Market Revenue (US$ Bn) Forecast, by End-Use Industry, 2015 - 2025
Table 8: North America Fleet Management Solution Market Revenue (US$ Bn) Forecast, by Country, 2015 - 2025
Table 9: Europe Fleet Management Solution Market Revenue (US$ Bn) Forecast, by Deployment, 2015 - 2025
Table 10: Europe Fleet Management Solution Market Revenue (US$ Bn) Forecast, by Type, 2015 - 2025
Table 11: Europe Fleet Management Solution Market Revenue (US$ Bn) Forecast, by End-Use Industry, 2015 - 2025
Table 12: Europe Fleet Management Solution Market Revenue (US$ Bn) Forecast, by Country, 2015 - 2025
Table 13: Asia Pacific Fleet Management Solution Market Revenue (US$ Bn) Forecast, by Deployment, 2015 - 2025
Table 14: Asia Pacific Fleet Management Solution Market Revenue (US$ Bn) Forecast, by Type, 2015 - 2025
Table 15: Asia Pacific Fleet Management Solution Market Revenue (US$ Bn) Forecast, by End-Use Industry, 2015 - 2025
Table 16: Asia Pacific Fleet Management Solution Market Revenue (US$ Bn) Forecast, by Country, 2015 - 2025
Table 17: Middle East and Africa Fleet Management Solution Market Revenue (US$ Bn) Forecast, by Deployment, 2015 - 2025
Table 18: Middle East and Africa Fleet Management Solution Market Revenue (US$ Bn) Forecast, by Type, 2015 - 2025
Table 19: Middle East and Africa Fleet Management Solution Market Revenue (US$ Bn) Forecast, by End-Use Industry, 2015 - 2025
Table 20: Middle East and Africa Fleet Management Solution Market Revenue (US$ Bn) Forecast, by Country, 2015 - 2025
Table 21: South America Fleet Management Solution Market Revenue (US$ Bn) Forecast, by Deployment, 2015 - 2025
Table 22: South America Fleet Management Solution Market Revenue (US$ Bn) Forecast, by Type, 2015 - 2025
Table 23: South America Fleet Management Solution Market Revenue (US$ Bn) Forecast, by End-Use Industry, 2015 - 2025
Table 24: South America Fleet Management Solution Market Revenue (US$ Bn) Forecast, by Country, 2015 - 2025
List of Figures
Figure 1: Executive Summary: Market Size, Indicative (US$ Bn) and Top Solution Segments
Figure 2: Global Fleet Management Solution Market Revenue Projection (US$ Bn), 2015 – 2025
Figure 3: Global Fleet Management Solution Market Y-o-Y Growth (%) Forecast, 2016 - 2025
Figure 4: Global Fleet Management Solution Market Revenue Share by Deployment (2016)
Figure 5: Global Fleet Management Solution Market Revenue Share by Type (2016)
Figure 6: Global Fleet Management Solution Market Revenue Share by End-Use Industry (2016)
Figure 7: Global Fleet Management Solution Market Revenue and Y-o-Y Growth, by Deployment – Cloud, 2015 - 2025, (US$ Bn and %)
Figure 8: Global Fleet Management Solution Market Revenue and Y-o-Y Growth, by Deployment – On-Premise, 2015 - 2025, (US$ Bn and %)
Figure 9: Global Fleet Management Solution Market Value Share Analysis, by Deployment, 2017 and 2025
Figure 10: Global Fleet Management Solution Market Comparison Matrix, by Deployment
Figure 11: Fleet Management Solution Market Attractiveness Analysis by Deployment (2016)
Figure 12: Global Fleet Management Solution Market Revenue and Y-o-Y Growth, by Type– Vehicle Management, 2015 - 2025, (US$ Bn and %)
Figure 13: Global Fleet Management Solution Market Revenue and Y-o-Y Growth, by Type– Driver Management, 2015 - 2025, (US$ Bn and %)
Figure 14: Global Fleet Management Solution Market Revenue and Y-o-Y Growth, by Type– Operations Management, 2015 - 2025, (US$ Bn and %)
Figure 15: Global Fleet Management Solution Market Value Share Analysis, by Type, 2017 and 2025
Figure 16: Global Fleet Management Solution Market Comparison Matrix, by Type
Figure 17: Fleet Management Solution Market Attractiveness Analysis by Type (2016)
Figure 18: Global Fleet Management Solution Market Revenue and Y-o-Y Growth, by End-Use Industry– Transportation & Logistics, 2015 - 2025, (US$ Bn and %)
Figure 19: Global Fleet Management Solution Market Revenue and Y-o-Y Growth, by End-Use Industry– Automotive, 2015 - 2025, (US$ Bn and %)
Figure 20: Global Fleet Management Solution Market Revenue and Y-o-Y Growth, by End-Use Industry– Retail, 2015 - 2025, (US$ Bn and %)
Figure 21: Global Fleet Management Solution Market Revenue and Y-o-Y Growth, by End-Use Industry– Government, 2015 - 2025, (US$ Bn and %)
Figure 22: Global Fleet Management Solution Market Revenue and Y-o-Y Growth, by End-Use Industry– Shipping, 2015 - 2025, (US$ Bn and %)
Figure 23: Global Fleet Management Solution Market Value Share Analysis, by End-Use Industry, 2017 and 2025
Figure 24: Global Fleet Management Solution Market Comparison Matrix, by End-Use Industry
Figure 25: Fleet Management Solution Market Attractiveness Analysis by End-Use Industry
Figure 26: Global Fleet Management Solution Market Value Share Analysis, by Region, 2017 and 2025
Figure 27: Global Fleet Management Solution Market Comparison Matrix, by Region
Figure 28: Global Fleet Management Solution Market Attractiveness Analysis, by Region
Figure 29: North America Fleet Management Solution Market Revenue (US$ Bn) Forecast, 2015 - 2025
Figure 30: North America Fleet Management Solution Market Y-o-Y Growth (%), 2016 – 2025
Figure 31: North America Fleet Management Solution Market Share Analysis, by Deployment, 2017 and 2025
Figure 32: North America Fleet Management Solution Market Share Analysis, by Type, 2017 and 2025
Figure 33: North America Fleet Management Solution Market Share Analysis, by End-Use Industry, 2017 and 2025
Figure 34: North America Fleet Management Solution Market Share Analysis, by Country, 2017 and 2025
Figure 35: North America Fleet Management Solution Market Attractiveness Analysis, By Deployment (2016)
Figure 36: North America Fleet Management Solution Market Attractiveness Analysis, By Type (2016)
Figure 37: North America Fleet Management Solution Market Attractiveness Analysis, By Country (2016)
Figure 38: Europe Fleet Management Solution Market Revenue (US$ Bn) Forecast, 2015 - 2025
Figure 39: Europe Fleet Management Solution Market Y-o-Y Growth (%), 2016 – 2025
Figure 40: Europe Fleet Management Solution Market Share Analysis, by Deployment, 2017 and 2025
Figure 41: Europe Fleet Management Solution Market Share Analysis, by Type, 2017 and 2025
Figure 42: Europe Fleet Management Solution Market Share Analysis, by End-Use Industry, 2017 and 2025
Figure 43: Europe Fleet Management Solution Market Share Analysis, by Country, 2017 and 2025
Figure 44: Europe Fleet Management Solution Market Attractiveness Analysis, By Deployment (2016)
Figure 45: Europe Fleet Management Solution Market Attractiveness Analysis, By Type (2016)
Figure 46: Europe Fleet Management Solution Market Attractiveness Analysis, By Country (2016)
Figure 47: Asia Pacific Fleet Management Solution Market Revenue (US$ Bn) Forecast, 2015 - 2025
Figure 48: Asia Pacific Fleet Management Solution Market Y-o-Y Growth (%), 2016 – 2025
Figure 49: Asia Pacific Fleet Management Solution Market Share Analysis, by Deployment, 2017 and 2025
Figure 50: Asia Pacific Fleet Management Solution Market Share Analysis, by Type, 2017 and 2025
Figure 51: Asia Pacific Fleet Management Solution Market Share Analysis, by End-Use Industry, 2017 and 2025
Figure 52: Asia Pacific Fleet Management Solution Market Share Analysis, by Country, 2017 and 2025
Figure 53: Asia Pacific Fleet Management Solution Market Attractiveness Analysis, By Deployment (2016)
Figure 54: Asia Pacific Fleet Management Solution Market Attractiveness Analysis, By Type (2016)
Figure 55: Asia Pacific Fleet Management Solution Market Attractiveness Analysis, By Country (2016)
Figure 56: Middle East and Africa Fleet Management Solution Market Revenue (US$ Bn) Forecast, 2015 - 2025
Figure 57: Middle East and Africa Fleet Management Solution Market Y-o-Y Growth (%), 2016 – 2025
Figure 58: Middle East and Africa Fleet Management Solution Market Share Analysis, by Deployment, 2017 and 2025
Figure 59: Middle East and Africa Fleet Management Solution Market Share Analysis, by Type, 2017 and 2025
Figure 60: Middle East and Africa Fleet Management Solution Market Share Analysis, by End-Use Industry, 2017 and 2025
Figure 61: Middle East and Africa Fleet Management Solution Market Share Analysis, by Country, 2017 and 2025
Figure 62: Middle East and Africa Fleet Management Solution Market Attractiveness Analysis, By Deployment (2016)
Figure 63: Middle East and Africa Fleet Management Solution Market Attractiveness Analysis, By Type (2016)
Figure 64: Middle East and Africa Fleet Management Solution Market Attractiveness Analysis, By Country (2016)
Figure 65: South America Fleet Management Solution Market Revenue (US$ Bn) Forecast, 2015 - 2025
Figure 66: South America Fleet Management Solution Market Y-o-Y Growth (%), 2016 – 2025
Figure 67: South America Fleet Management Solution Market Share Analysis, by Deployment, 2017 and 2025
Figure 68: South America Fleet Management Solution Market Share Analysis, by Type, 2017 and 2025
Figure 69: South America Fleet Management Solution Market Share Analysis, by End-Use Industry, 2017 and 2025
Figure 70: South America Fleet Management Solution Market Share Analysis, by Country, 2017 and 2025
Figure 71: South America Fleet Management Solution Market Attractiveness Analysis, By Deployment (2016)
Figure 72: South America Fleet Management Solution Market Attractiveness Analysis, By Type (2016)
Figure 73: South America Fleet Management Solution Market Attractiveness Analysis, By Country (2016)
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Fleet Management Solution Market
