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The rising demand for transport and logistics is expected to drive the growth of the Enterprise Fleet Management market in the forthcoming years. In addition, the developments and advancements in sensor technology, Internet of Things, etc. are poised to boost the growth trajectory of the market over the next couple of years.
Regional Analysis:
The global Enterprise Fleet Management market, by region, has been segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). North America and Europe are two important revenue pockets expected to dominate the growth trajectory of the global market. The deployment of technological innovations is poised to catapult the regional Enterprise Fleet Management market on an upward trajectory. Furthermore, stringent emission norms are anticipated to favor the expansion of the market in the foreseeable future.
Asia Pacific has been estimated to emerge as the fastest growing region in the global Enterprise Fleet Management market. The developmental opportunities of China and India are prognosticated to expedite the growth of the market in the upcoming years. In addition, the region has been witnessing widespread adoption of web and mobile based business services which is primarily responsible for driving the expansion of the Enterprise Fleet Management market.
Market Segmentation:
By deployment type, the global Enterprise Fleet Management market has been segmented into cloud, on-premises, and hybrid.
By Connectivity Type, the global Fleet Management market has been segmented into satellite navigation and cellular system.
By services managed services, the Enterprise Fleet Management market has been segmented into integration and deployment services, and professional services.
Industry News:
In February 2019, Volkswagen, a German multinational automotive manufacturing company, has ventured into Enterprise Fleet Management with the purchase of two-thirds of an international Enterprise Fleet Management company.
In January 2019, Genie, an American company owned by Terex, has launched its Enterprise Fleet Management platform ‘Lift Connect.’
In January 2019, TomTom, known for its portable GPS navigation devices, has sold its Enterprise Fleet Management division to Bridgestone.
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