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Fleet management is the process of managing vehicle fleet in an organization. Mismanaging a vehicle fleet can have significant effect on an organized operation. Fleet management typically includes vehicles such as trucks, cars and corporate fleets, commercial and freight aircrafts, buses and trams and also container ships. Fleet management includes operations such as vehicle tracking, mechanical diagnostics and also driver behavior. Furthermore, vehicle tracking and diagnostics include risk management, fuel management, telematics and accident management. Fleet management is predominantly used in sectors such as oil and gas, chemicals, mining, construction, retail and logistics, utilities, public and private transport, waste management and service sectors.
The market is driven by the continuous increase in the demand for logistics and transport. The determiners of the growth of the market are the fluctuating fuel costs, connectivity issues, demand to meet pollution targets and operational efficiency. With fleet management, organizations can have better access to plan maintenance of vehicles, enhanced driver safety, proper routing of fleets that can all ultimately lead to effective operations of the fleet. Adding to that, vehicle connectivity and smart transportation are increasingly helping organizations to ensure safety operations of the fleets. Fleet management also helps in higher efficiency, consistent performances and ultimately reduced costs.
Fleet Management Market Report is expected to grow at a CAGR of 22% during the forecast period.
Key Players
The key players of global Fleet Management Market Reports are Fleetmatics Group PLC (U.S.), Verizon Telematics Inc.(U.S.), Trimble Inc. (U.S), WorkWave LLC(U.S.), Zonar Systems, Inc. (U.S.), I.D. Systems, Inc. (U.S), and Cisco Systems, Inc. (U.S.).
Segmentation
The Global Fleet Management Market Report is segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Deployment Type : Comprises Cloud, On-Premises, and Hybrid
Segmentation by Management Type : Comprises driver management, asset management, and operation management
Segmentation by Connectivity Type : Comprises satellite navigation and cellular system
Segmentation by Services : Comprises managed services, integration and deployment services, and professional services
Segmentation by Regions : Comprises Geographical regions - North America, Europe, APAC and Rest of the World.
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