According to our (Global Info Research) latest study, the global Fleet Management Functions and Solutions market size was valued at US$ 9435 million in 2024 and is forecast to a readjusted size of USD 19640 million by 2031 with a CAGR of 10.8% during review period.
Fleet management refers to basic systems that provide vehicle surveillance which help manage and operate modern vehicle fleets. Fleet management aims to maximize efficiency, increase productivity and improve safety for an organization's vehicles and drivers. Often this achieved using a combination of vehicle tracking, reporting on fuel consumption, monitoring of driver behaviour and management of vehicle maintenance. This report mainly studies fleet management functions and solutions market.
As technology continues to evolve, more and more data is created, artificial intelligence (AI) can help us meet the challenge. AI factors in prediction with cause and effect and anticipation to streamline fleet management. AI technology is already disrupting the way we move people and goods. From observing traffic patterns to reducing fuel cost and optimizing driving routes to reducing traffic accidents. AI is creating opportunities to make transport safer, more reliable more efficient and cleaner. IoT in fleet monitoring can help improve savings, manageability, and visibility in passenger-load and cargo vehicles. The Internet of Things (IoT) helps in smooth connectivity of all the vehicles in a fleet, which not only helps to gain better insight into the driver's behavior but also assists in monitoring the health of the fleet from any device. Rising demand for fleet safety and data management coupled with the growing need to reduce the total cost of ownership (TCO) and achieve fuel efficiency are anticipated to drive the adoption of IoT technology in fleet management systems.
This report is a detailed and comprehensive analysis for global Fleet Management Functions and Solutions market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Fleet Management Functions and Solutions market size and forecasts, in consumption value ($ Million), 2020-2031
Global Fleet Management Functions and Solutions market size and forecasts by region and country, in consumption value ($ Million), 2020-2031
Global Fleet Management Functions and Solutions market size and forecasts, by Type and by Application, in consumption value ($ Million), 2020-2031
Global Fleet Management Functions and Solutions market shares of main players, in revenue ($ Million), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Fleet Management Functions and Solutions
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Fleet Management Functions and Solutions market based on the following parameters - company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Verizon Connect, Trimble, Geotab, Motive Technologies, Omnitracs (Solera), Beijing Chinaway Technology, Bridgestone, Holman Automotive, Mix Telematics, PowerFleet, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market segmentation
Fleet Management Functions and Solutions market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for Consumption Value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Vehicle Management
Driver Management
Others
Market segment by Application
Transport & Logistics
Commercial Fleet
Others
Market segment by players, this report covers
Verizon Connect
Trimble
Geotab
Motive Technologies
Omnitracs (Solera)
Beijing Chinaway Technology
Bridgestone
Holman Automotive
Mix Telematics
PowerFleet
Microlise Holdings
ZF Transics
Orbcomm
Market segment by regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia and Rest of Asia-Pacific)
South America (Brazil, Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)
The content of the study subjects, includes a total of 13 chapters:
Chapter 1, to describe Fleet Management Functions and Solutions product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top players of Fleet Management Functions and Solutions, with revenue, gross margin, and global market share of Fleet Management Functions and Solutions from 2020 to 2025.
Chapter 3, the Fleet Management Functions and Solutions competitive situation, revenue, and global market share of top players are analyzed emphatically by landscape contrast.
Chapter 4 and 5, to segment the market size by Type and by Application, with consumption value and growth rate by Type, by Application, from 2020 to 2031
Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2020 to 2025.and Fleet Management Functions and Solutions market forecast, by regions, by Type and by Application, with consumption value, from 2026 to 2031.
Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis.
Chapter 12, the key raw materials and key suppliers, and industry chain of Fleet Management Functions and Solutions.
Chapter 13, to describe Fleet Management Functions and Solutions research findings and conclusion.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook