Fleet Management Software Market Growth and business revolution by top players
Fleet Management Software market in global is expected to grow from US$ 15.81 Bn in 2018 to US$ 54.05 Bn by the year 2027. This represents a CAGR of 14.9% from the year 2019 to 2027.
Europe was the leading geographic market, and it is anticipated to be the highest revenue contributor throughout the forecast period. Europe fleet management software market size is expected to gradually increase in the coming years till 2027, owing to the increasing spending in the automotive sector in the region.
Get Sample PDF of this Report @ https://www.theinsightpartners.com/sample/TIPRE00004092/
Global Fleet Management Software Market – Companies Mentioned
- ARI Fleet Management Company
- Element Fleet Management Corp.
- Geotab Inc.
- GPS Insight
- NexTraq, LLC
- Omnitracs, LLC
- Teletrac Navman US Ltd
- Trimble, Inc.
- Verizon Connect
- Wheels, Inc.
Currently, the wireless industry is growing immensely and setting new records for network traffic, network infrastructure, and wireless connections deployment. Due to the implementation of the Internet of Things (IoT) worldwide, it enables to enhance various systems used for various industries through wireless technologies. Wireless technologies play an important role in driving the economy of various countries around the globe. Several potential countries around the world are contributing to the country’s economy to remain competitive in the market. For instance, according to CTIA, a trade association for the wireless communications industry based in the U.S., The wireless industry contributed US$ 475 Bn to the U.S. economy annually in 2016.
Ask For Discount @ https://www.theinsightpartners.com/discount/TIPRE00004092/
Various companies use fleet management software in order to control the fleet vehicles. Integration of wireless technologies with fleet management software increases the efficiency of the fleets and helps reduce the burden of fleet operators. Wireless technology such as global positioning system and vehicle tracking systems helps to gain exceptional insight into the performance of the fleet. These wireless technologies also improve the behavior of the driver by monitoring the speed of the vehicle, harsh braking, and much more. Furthermore, according to a study, around 13 million devices enabled with wireless connectivity are deployed to manage fleet vehicles, and this figure might grow during the forecast period. Thus, due to increased emphasis on wireless technologies in vehicle operations help the vendors to increase their productivity, efficiency, would boost the global fleet management software market in the forecast period.
The global Fleet Management Software market by solution was led by operation management segment. Vehicle maintenance & leasing segment held the second largest market in 2018 and is anticipated to increase its shares during the forecast period from 2019 – 2027.
Purchase this Report @ https://www.theinsightpartners.com/buy/TIPRE00004092/
Strategic Insights
The market players present in fleet management software market are mainly focusing on product enhancements by implementing advanced technologies. By signing partnership, contracts, joint ventures, funding, and inaugurating new offices across the world permit the company to maintain its brand name globally. Few of the recent developments are listed below:
2019: In April 2019, Geotab, Inc. declared an agreement to acquire BSM Technologies, a telematics and asset management solution provider. By implementing Geotab’s solution BSM’s customers in government as well as industry verticals such as construction and service and rail will gain access for enhanced visibility into driver habits, vehicle performance, accident detection and more.
2019: In March 2019, Omnitracs, LLC acquired Blue Dot Solutions, a software company. Omnitracs, LLC would integrate Blue Dot’s MilesAhead product suite, which would offer the industry a solution with a supreme ability to enhance the productivity, flexibility, scalability, and safety of overall fleet operations.
2018: In June 2018, Geotab Inc. acquired FleetCarma, which specializes in electric vehicle (EV) telematics. The acquisition with FleetCarma would enable its customer to provide a complete fleet management solution.
Contact Us:
Call: +1-646-491-9876
Email: [email protected]
