Fleet Management Software Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Fleet Management Software Market
The global fleet management software market came to a value of USD 20.58 billion in 2022 and is expected to rise from USD 23.67 billion in 2023 to USD 79.82 billion by 2030, indicating a CAGR of 19% over the forecast period from 2023 to 2030.
The COVID-19 pandemic made it difficult to deliver stuffs. So, companies needed better ways to manage their trucks and drivers. They used software for this, making deliveries smoother and safer during the pandemic. This increased the market for fleet management software.
Fleet control software integrates advanced technology along with artificial intelligence, machine learning, and cloud computing. This integration complements its competencies, allowing real-time insights into fleet operations and enhancing connectivity between cars and infrastructure. This integration is riding increased demand within the marketplace with the aid of offering extra green and connected answers for fleet management.
The advent of Mobility-as-a-Service (MaaS) is remodeling mobility through offering options to private vehicles which include journey-hailing and car-sharing. Fleet management software contributes to this trend by means of imparting facts and insights on rides, bills, and vehicle performance. As MaaS gets pace, the demand for such software programs to optimise operations grows inside the fleet management zone.
Comprehensive Analysis of Fleet Management Software Market
Segmentation in the fleet management software market share is driving market because it allows companies to target specific customer groups with tailored services and solutions. Fleet management software is classified based on various criteria. By type, it includes operation management, vehicle maintenance and diagnostics, performance management, fleet analytics & reporting, and others. It categorizes by fleet type between commercial and passenger cars.The deployment alternatives range from cloud-based totally to on-premises answers. The software program is utilized in quite a few industries, which includes production, logistics, transportation, oil and fuel, chemical, and others, to meet the different desires of fleet managers and optimise their operations.
North America leads the fleet management software market because many companies there use real-time tracking for smooth operations. U.S. automakers like General Motors, Ford, and Fiat-Chrysler also boost the market with their vehicle tracking systems.
Key players strengthen market positions by enhancing product offerings, collaborating with tech developers, and forming partnerships with vehicle manufacturers for innovation.The key players profiled in the fleet management software market include Verizon Connect (U.S.), Geotab, Inc. (Canada), LeasePlan Corporation N.V. (Netherlands), Trimble Inc. (U.S.), FleetCor Technologies, Inc. (U.S.), Cisco Systems, Inc. (U.S.), AT&T, Inc. (U.S.), IBM Corporation (U.S.), MiX Telematics International Ltd (U.S.), Omnitracs, LLC (U.S.), and Fleet Complete (Canada). These companies offer a range of solutions and services, contributing to the competitive landscape of the market across North America and beyond.
Trimble launched time metrics for fleet management in March 2023 and integrated them into Fleet Manager as a part of Mobility Telematics. This invention is the primary to consist of an enterprise-unique metric for common time spent.
Segementation Table
Global Fleet Management Market Scope
Study Period 2019-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2019-2021
Growth Rate CAGR of 19% from 2023 to 2030
Unit Value (USD billion)
Segmentation By Type, Fleet Type, Deployment, Industry, and Geography
By Type Operations Management
- Fleet Tracking and Geo-fencing
- Routing and Scheduling
Vehicle Maintenance and Diagnostics
Performance Management
- Driver Management
- Fuel Management
Fleet Analytics & Reporting
Others
By Fleet Type Commercial
Passenger Cars
By Deployment On-premises
Cloud
By Industry Manufacturing
Logistics
Transportation
Oil & Gas
Chemical
Others
By Region North America (By Type, By Fleet Type, By Deployment, By Industry, and By Country)
- U.S.
- Canada
- Mexico
Europe (By Type, By Fleet Type, By Deployment, By Industry, and By Country)
- U.K.
- Germany
- France
- Italy
- Spain
- Russia
- Benelux
- Nordics
- Rest of Europe
Asia Pacific (By Type, By Fleet Type, By Deployment, By Industry, and By Country)
- China
- Japan
- India
- South Korea
- ASEAN
- Oceania
- Rest of Asia Pacific
Middle East & Africa (By Type, By Fleet Type, By Deployment, By Industry, and By Country)
- Turkey
- Israel
- GCC
- North Africa
- South Africa
- Rest of Middle East & Africa
South America (By Type, By Fleet Type, By Deployment, By Industry, and By Country)
- Brazil
- Argentina
- Rest of South America
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