Global Fleet Management Functions and Solutions Market Growth (Status and Outlook) 2023-2029

Global Fleet Management Functions and Solutions Market Growth (Status and Outlook) 2023-2029

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 behavior and management of vehicle maintenance. This report mainly studies fleet management functions and solutions market.

LPI (LP Information)' newest research report, the “Fleet Management Functions and Solutions Industry Forecast” looks at past sales and reviews total world Fleet Management Functions and Solutions sales in 2022, providing a comprehensive analysis by region and market sector of projected Fleet Management Functions and Solutions sales for 2023 through 2029. With Fleet Management Functions and Solutions sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Fleet Management Functions and Solutions industry.

This Insight Report provides a comprehensive analysis of the global Fleet Management Functions and Solutions landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Fleet Management Functions and Solutions portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Fleet Management Functions and Solutions market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Fleet Management Functions and Solutions and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Fleet Management Functions and Solutions.

The global Fleet Management Functions and Solutions market size is projected to grow from US$ 8091.4 million in 2022 to US$ 17340 million in 2029; it is expected to grow at a CAGR of 11.5% from 2023 to 2029.

Global key players of fleet management functions and solutions include Verizon Connect, Trimble, Geotab, etc. The top three players hold a share about 27%. North America is the largest market, has a share about 54%, followed by Asia-Pacific and Europe, with share 25% and 18%, separately.

This report presents a comprehensive overview, market shares, and growth opportunities of Fleet Management Functions and Solutions market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Vehicle Management
Driver Management
Others

Segmentation by application
Transport & Logistics
Commercial Fleet
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Verizon Connect
Trimble
Geotab
Motive Technologies
Omnitracs (Solera)
Beijing Chinaway Technology
Bridgestone
Holman Automotive
Mix Telematics
PowerFleet
Microlise Holdings
ZF Transics
Orbcomm
Emkay, Inc.
Inseego Corp.
Astrata Group
AssetWorks
Mike Albert Fleet Solutions
Teletrac Navman US Ltd
Gurtam

Please note: The report will take approximately 2 business days to prepare and deliver.