The Europe Fleet Management Market size is estimated at USD 7.20 billion in 2024, and is expected to reach USD 12.62 billion by 2029, growing at a CAGR of 11.90% during the forecast period (2024-2029).
The Europe Fleet Management Market is highly fragmented, with major players like Mix Telematics, Inseego Group, ABAX, Geotab Inc., and Verizon Corporation (Connect). Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.
In January 2023, Inseego UK partnered with vehicle and driver management software company, Pocket Box, to deliver telematics-enabled fleet management solutions. Under the partnership, the company's fleet customers could use the easy-to-use tool to ensure that vehicles are kept road legal and safe while staff are fit and eligible to drive.
In November 2022, MiX Telematics, a provider of connected fleet management solutions, announced that the company had won a fleet safety partnership award for its partnership with McGill. The fleet management solutions assist users in the constant drive to improve driver behavior and increase safety and compliance.
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