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Global Fleet Management Software Market Size, Share, Trends, Demand, Revenue, Dynamics, Competitor Analysis and Forecast to 2027

Press release   •   Sep 17, 2019 20:00 IST

Fleet Management is a method which enables organizations to organize and coordinate the vehicles used by the businesses to reduce costs, enhance efficiency and provide compliance with regulations. Fleet management is commonly used by couriers, utilities, oil & gas delivery, repair as well as service industry businesses to ensure vehicle safety and use and allow real-time tracking. Usually, fleet management is linked with delivery cars and trucks, however other industries such as shipping utilizes fleet management technology as well. Fleet management software is the software installed for tracking the vehicles.

The fleet management software market is noticing high demand owing to increasing adoption of analytics related to fleet management from several diverse industries. These industries spend considerable share of their operational costs on transportation. Effectiveness of the fleet management solutions enables in reducing the operational cost by the activities including, driver management, vehicle monitoring and operations management. The adoption of fleet management solutions by these industries for lowering operation costs is anticipated to fuel the fleet management software market growth.

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The reports cover key developments in the Fleet Management Software market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from Fleet Management Software market are anticipated to lucrative growth opportunities in the future with the rising demand for Fleet Management Software market in the global market.

Key Players Influencing the Market

TomTom N.V.

AT&T Inc.

Element Fleet Management Corp.

Fleetmatics Group PLC

Freeway Fleet Systems

I.D. Systems, Inc.

IBM Corporation

Magellan Navigation, Inc.

MiTAC International Corporation

Wheels, Inc.

The "Global Fleet Management Software Market Analysis to 2027" is a specialized and in-depth study of the Fleet Management Software industry with a focus on the global market trend. The report aims to provide an overview of global Fleet Management Software market with detailed market segmentation by solution, deployment type, application, vertical and geography. The global Fleet Management Software market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.

The global fleet management software market is segmented based on deployment model, solution and industry. Based on the deployment model, the market is segmented into on premise, cloud and hybrid. The solution segment of the fleet management software market is classified into asset management, information management, driver management, safety and compliance management, risk management, operations management and other. Further, the industry segment is categorized into transportation, construction, manufacturing, retail, government and others.

Besides this, the report analyzes factors affecting Fleet Management Software market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions considered in the Global Fleet Management Software Market report.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Fleet Management Software market based on the type and application. It also provides market size and forecast till 2027 for overall Fleet Management Software market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

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Answers that the report acknowledges:

Market size and growth rate during forecast period.

Key factors driving the Fleet Management Software Market.

Key market trends cracking up the growth of the Fleet Management Software Market.

Challenges to market growth.

Key vendors of Fleet Management Software Market.

Detailed SWOT analysis.

Opportunities and threats faces by the existing vendors in Global Fleet Management Software Market.

Trending factors influencing the market in the geographical regions.

Strategic initiatives focusing the leading vendors.

PEST analysis of the market in the five major regions.

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