Market Overview

The global Fleet Management System Market size is projected to reach a CAGR of 11.2% from 2021-2028.

Fleet Management System is a combination of software, hardware, and communication technology. The combined effect of these technologies helps the fleet owners to track and maintain the vehicles and thereby makes them more accessible, identifiable, and cost-effective. It involves managing all the aspects of a vehicle in a company. Three basic components of fleet management are position & material monitoring, production monitoring & equipment assignment, & optimization.

Increasing adoption of the technology, mandatory incorporation of Electronic Logging devices in vehicles, and the increase in international trade are some of the factors that have supported long-term expansion for Fleet Management System Market.

Regional Analysis

APAC is expected to grow at the highest CAGR during the forecast period. The region is transforming dynamically with respect to the adoption of new technologies across various sectors. The infrastructural growth in APAC, especially in Japan, South Korea, Australia, Singapore, China, and India.

Insights are provided for each region and major countries within the regions

Competitive Landscape

Key Players

• Mix Telematics
• Geotab, Teletrac Navman
• Automotive Rentals Inc.
• Omnitracs
• Trimble
• Verizon Connect
• Wheels, Inc.
• Chevin Fleet Solution
• Donlen Corporation

Recent Developments

• In April 2019, Teletrac Navman launched Build Your Own Report, a solution added to the DIRECTOR Analytics platform, to enable users to transform data from telematics devices into accessible reports in any format and with advanced capabilities. This solution helps organizations focus on critical parameters.
• In February 2021, Inseego entered into an agreement with Convergence Partners, an investment management firm focused on the technology, media, and telecom sector in Africa, to sell its South African division of Ctrack. The sale of the South African Ctrack operations is a part of the company’s strategy to focus solely on target markets that are closely aligned with the growth of their 5G business.

Reasons to Acquire

• Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
• Gain authentic and granular data access for Fleet Management System Market so as to understand the trends and the factors involved behind changing market situations
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope