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Fleet Management Market Report – Industry Size, Growth, Analysis and Forecast to 2023

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Fleet Management Market Report Highlight

A recently released new research by Market Research Future predicts that the global Fleet Management Market Report size period 2016-2023, at a CAGR of 22%, and would gain more valuation as well.

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.

Key Players

The list of the key players operating in the global Fleet Management Market Report are

Verizon Telematics Inc. (U.S.)

WorkWave LLC(U.S.)

Fleetmatics Group PLC (U.S.)

I.D. Systems, Inc. (U.S)

Zonar Systems, Inc. (U.S.)

Trimble Inc. (U.S), and Cisco Systems, Inc. (U.S.).

Market Segmentation

The segmental analysis of the global fleet management is done by deployment type, management, and Connectivity type.

In terms of deployment type: The market includes cloud, on-premises, and hybrid.

In terms of management type: The market includes asset management, driver management, and operation management.

In terms of connectivity Type: The market includes satellite navigation and cellular system.

By services managed services type: The market includes integration and deployment services, and professional services.

Regional Drivers

The global Fleet Management Market Report, regionally, has been studied among the key regions of North America, Europe, Asia Pacific, and the Rest of the World (RoW).

Among these, the North American and Europe region can lead the market owing to stringent norms on vehicle emissions and huge innovations being done in the fleet management technology deployment.

The Asia-Pacific region can also be the fastest-growing region with an array of opportunities in countries such as China and India. The large scale adoption of web and mobile-based business services in these regions is the key driver for the market in the region. With this, countries such as China and India are prognosticated to accelerate the growth of the market in the upcoming years. Besides, the region has been perceiving the prevalent adoption of web and mobile-based business services, which is mostly responsible for motivating the expansion of the Fleet Management Market Report in the forecast period.

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About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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