Global Fleet Management Functions and Solutions Market Growth (Status and Outlook) 2025-2031

Global Fleet Management Functions and Solutions Market Growth (Status and Outlook) 2025-2031

The global Fleet Management Functions and Solutions market size is predicted to grow from US$ 10070 million in 2025 to US$ 19360 million in 2031; it is expected to grow at a CAGR of 11.5% from 2025 to 2031.

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.

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 2024, providing a comprehensive analysis by region and market sector of projected Fleet Management Functions and Solutions sales for 2025 through 2031. 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 analyses 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.

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.

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

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