Research Beam added report on “Global Fleet Management Market 2020”. The global demand for fleet management technologies and solutions is on the exponential rise due to rapid globalization and ever growing size of the fleet of commercial and public vehicles. Per capita income and operational efficiency needs are also rising at a brisk pace in the developed economies in the west. Fleet management is a proven technology platform and a system including different sets of solutions, technologies and services that helps automotive, transportation and logistics companies to efficiently manage their vehicles through constant monitoring with the use of sensors and connectivity technologies such as Global Positioning Systems (GPS) and cellular systems.
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2. About Global Fleet Management Market 2015 - 2020
Research Beam added report on “Global Fleet Management Market 2015 - 2020”. The global demand
for fleet management technologies and solutions is on the exponential rise due to rapid globalization
and ever growing size of the fleet of commercial and public vehicles. Per capita income and operational
efficiency needs are also rising at a brisk pace in the developed economies in the west. Fleet
management is a proven technology platform and a system including different sets of solutions,
technologies and services that helps automotive, transportation and logistics companies to efficiently
manage their vehicles through constant monitoring with the use of sensors and connectivity
technologies such as Global Positioning Systems (GPS) and cellular systems. The companies have
undertaken Research and Development (R&D) and innovation activities to develop new solutions and
services to meet the increasing global efficiency needs of the fleet industry.
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Report Overview
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3. The major concern with companies these days is high initial cost and lack of awareness about fleet
safety and security in the emerging economies such as Middle East and Africa (MEA) and Latin America.
The global adoption of fleet technology is slow due to the same reason. But the scenario is fast
changing with the emergence of Satellite Global Navigation Satellite System (GNSS) technology,
Software-as-a-Service (SaaS) and cloud-based deployment of fleet management solutions.
Technologies catering to the fleet management market such as GPS tracker, sensors, and Radio
Frequency Identification (RFID) tags are being used for vehicle monitoring so as to check the fleet
movement and fuel usage check. This helps in improving the productivity of the companies by
controlling the unnecessary idle time and misuse of fuel. With the help of advanced real-time
technologies, companies can now inform the vendors about emergency cases such as accidents and
breakdown so as to provide immediate maintenance and support services to the fleet drivers to avoid
lag in delivery time.
Report Overview
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4. AT&T, Cisco, Fleetmatics, IBM, and Verizon are some of the prominent players which are providing
reliable fleet management solutions and services. Markets and Markets forecasts the global fleet
management market to grow from USD 8.03 billion in 2015 to USD 22.35 billion in 2020, at a
Compound Annual Growth Rate (CAGR) of 22.7% during the forecast period 2015-2020. Over the next
five years, this market is expected to experience high traction in APAC and MEA regions.
There are various assumptions that we have taken into consideration for market size and forecasting
exercise. A few of global assumptions include political, economic, social, and technological factors. For
instance, exchange rates, one of the economic factors is expected to have a moderate rating of impact
on this market.
Report Overview
5. The fleet management market has been segmented into solutions, connectivity technology, service,
and verticals. Fleet management solutions include operation management, asset management, and
driver management. The connectivity technology is of two types, namely, satellite GNSS and cellular
systems. The services have been segmented into professional services, system integration and
deployment services, and managed services. Furthermore, the verticals include the penetration of
fleet management solutions in manufacturing, government, transportation and logistics, energy and
utilities, retail, construction, and others.
Report Overview
6. Table Of Contents
1 Introduction 15
1.1 Objectives Of The Study 15
1.2 Market Definition 15
1.3 Market Scope 15
1.3.1 Markets Covered 16
1.3.2 Years Considered For The Study 16
1.4 Currency 17
1.5 Limitations 17
1.6 Stakeholders 17
2 Research Methodology 18
7. 2.1 Introduction 18
2.1.1 Secondary Data 19
2.1.1.1 Key Data From Secondary Sources 19
2.1.2 Primary Data 20
2.1.2.1 Key Data From Primary Sources 20
2.1.2.2 Key Industry Insights 21
2.1.2.3 Breakdown Of Primaries 21
Table Of Contents
8. 2.2 Market Size Estimation 22
2.2.2 Top-Down Approach 23
2.3 Market Breakdown And Data Triangulation 24
2.4 Research Assumptions And Limitations 25
3 Executive Summary 27
4 Premium Insights 30
4.1 Attractive Market Opportunities In The Fleet Management Market 30
Table Of Contents
9. 4.2 Fleet Management Market, By Solution, 2015-2020 30
4.3 Fleet Management Market, Europe: Solutions Vs Services, 2015 31
4.4 Lifecycle Analysis, By Region 32
4.5 Market Investment Scenario 33
5 Market Overview 34
5.1 Introduction 35
5.2 Evolution 35
5.3 Market Segmentation 36
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Table Of Contents
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