Fleet Management System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-05-29 I 142 Pages I IMARC Group
Market Overview:
The global fleet management system market size reached US$ 23.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 43.1 Billion by 2028, exhibiting a growth rate (CAGR) of 10.5% during 2023-2028. The rapid integration of artificial intelligence (AI) and machine learning (ML), increasing driver safety concerns, and rising adoption of fleet management system to maximize profitability represent some of the key factors driving the market.
A fleet management system optimizes and manages a fleet of vehicles, such as commercial vehicles, passenger cars, aircraft, and watercraft. It relies on various technologies, such as global navigation satellite systems (GNSS) and cellular systems. It has several remote-control capabilities, such as speed limiting, engine revolution limiting, and gradual slowing or stopping of vehicles. It helps prevent stolen vehicles and cargo with a global positioning system (GPS) and mapping and cellular technology to locate rogue vehicles quickly and accurately. It allows real-time tracking and recording mechanical diagnostics and driver behavior in a vehicle. It assists in enhancing efficiency, reducing costs, and maintaining compliance with government regulations. It aids in decreasing fuel consumption, minimizing downtime, and increasing customer satisfaction. Besides this, it identifies fraud, manages the budget, optimizes productivity, increases driver retention, and improves vehicle maintenance. As a result, a fleet management system is widely employed in the automotive, energy and utility, manufacturing, construction, and transportation and logistics industries around the world.
Fleet Management System Market Trends:
At present, the rising adoption of fleet management systems among businesses to maximize profitability, fuel management, and compliance represents one of the key factors contributing to the growth of the market. Moreover, governing agencies of various countries are encouraging the adoption of fleet management systems by implementing regulations for vehicle maintenance and tracking, which is bolstering the growth of the market. Apart from this, the rising adoption of wireless technology due to its low cost and accessibility is offering lucrative growth opportunities to industry investors. Moreover, the increasing integration of artificial intelligence (AI), machine learning (ML), the internet of things (IoT), and big data analytics in fleet management systems is positively influencing the market. Besides this, the growing demand for fleet management systems due to the rising safety concerns of drivers worldwide is offering a positive market outlook. In addition, the increasing adoption of intelligent transport systems in the logistics industry to deliver couriers in real-time across the globe is supporting the growth of the market. In line with this, the rising usage of mobility-as-a-service (MaaS) to decrease traffic and carbon footprint around the world is propelling the growth of the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global fleet management system market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, vehicle type, end-use sector, technology and deployment type.
Component Insights:
Solutions
Fleet Telematics
Driver Information Management
Vehicle Maintenance
Safety and Compliance Management
Others
Services
Installation and Integration Services
After-Sales Support Services
Consulting Services
The report has provided a detailed breakup and analysis of the fleet management system market based on the component. This includes solutions (fleet telematics, driver information management, vehicle maintenance, safety and compliance management, and others), and services (installation and integration services, after-sales support services, and consulting services). According to the report, solutions (fleet telematics, driver information management, vehicle maintenance, safety and compliance management, and others) represented the largest segment.
Vehicle Type Insights:
Commercial Vehicles
Passenger Cars
Aircrafts
Watercrafts
A detailed breakup and analysis of the fleet management system market based on the vehicle type has also been provided in the report. This includes commercial vehicles, passenger cars, aircrafts, and watercrafts. According to the report, commercial vehicles accounted for the largest market share.
End Use Sector Insights:
Automotive
Energy & Utilities
Manufacturing
Retail
Transportation and Logistics
Construction
Others
A detailed breakup and analysis of the fleet management system market based on the end user sector has also been provided in the report. This includes automotive, energy and utilities, manufacturing, retail, transportation and logistics, construction, and others. According to the report, transportation and logistics accounted for the largest market share.
Technology Insights:
GNSS
Cellular Systems
A detailed breakup and analysis of the fleet management system market based on the technology has also been provided in the report. This includes GNSS and cellular systems. According to the report, cellular systems accounted for the largest market share.
Deployment Type Insights:
Cloud-based
On-premises
Hybrid
A detailed breakup and analysis of the fleet management system market based on the deployment type has also been provided in the report. This includes cloud-based, on-premises, and hybrid. According to the report, on-premises accounted for the largest market share.
Regional Insights:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America (the United States and Canada) was the largest market for fleet management system. Some of the factors driving the North America fleet management system market included the growing adoption of wireless technology, rising focus on reducing operational costs, increasing international trades, etc.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global fleet management system market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include AT&T Inc., Geotab, I.D. Systems, IBM Corporation, Inseego Corporation, Mix Telematics Ltd., Omnitracs LLC, TomTom N.V., Trimble Inc., Verizon Communications, Wheels Inc. etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report:
How has the global fleet management system market performed so far, and how will it perform in the coming years?
What are the drivers, restraints, and opportunities in the global fleet management system market?
What is the impact of each driver, restraint, and opportunity on the global fleet management system market?
What are the key regional markets?
Which countries represent the most attractive fleet management system market?
What is the breakup of the market based on the component?
Which is the most attractive component in the fleet management system market?
What is the breakup of the market based on the vehicle type?
Which is the most attractive vehicle type in the fleet management system market?
What is the breakup of the market based on the end use sector?
Which is the most attractive end use sector in the fleet management system market?
What is the breakup of the market based on the technology?
Which is the most attractive technology in the fleet management system market?
What is the breakup of the market based on the deployment type?
Which is the most attractive deployment type in the fleet management system market?
What is the competitive structure of the global fleet management system market?
Who are the key players/companies in the global fleet management system market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Fleet Management System Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component
6.1 Solutions
6.1.1 Market Trends
6.1.2 Major Types
6.1.2.1 Fleet Telematics
6.1.2.2 Driver Information Management
6.1.2.3 Vehicle Maintenance
6.1.2.4 Safety and Compliance Management
6.1.2.5 Others
6.1.3 Market Forecast
6.2 Services
6.2.1 Market Trends
6.2.2 Major Types
6.2.2.1 Installation and Integration Services
6.2.2.2 After-Sales Support Services
6.2.2.3 Consulting Services
6.2.3 Market Forecast
7 Market Breakup by Vehicle Type
7.1 Commercial Vehicles
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Passenger Cars
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Aircrafts
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Watercrafts
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by End-Use Sector
8.1 Automotive
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Energy & Utilities
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Manufacturing
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Retail
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Transportation and Logistics
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Construction
8.6.1 Market Trends
8.6.2 Market Forecast
8.7 Others
8.7.1 Market Trends
8.7.2 Market Forecast
9 Market Breakup by Technology
9.1 GNSS
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Cellular Systems
9.2.1 Market Trends
9.2.2 Market Forecast
10 Market Breakup by Deployment Type
10.1 Cloud-based
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 On-premises
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Hybrid
10.3.1 Market Trends
10.3.2 Market Forecast
11 Market Breakup by Region
11.1 North America
11.1.1 United States
11.1.1.1 Market Trends
11.1.1.2 Market Forecast
11.1.2 Canada
11.1.2.1 Market Trends
11.1.2.2 Market Forecast
11.2 Asia Pacific
11.2.1 China
11.2.1.1 Market Trends
11.2.1.2 Market Forecast
11.2.2 Japan
11.2.2.1 Market Trends
11.2.2.2 Market Forecast
11.2.3 India
11.2.3.1 Market Trends
11.2.3.2 Market Forecast
11.2.4 South Korea
11.2.4.1 Market Trends
11.2.4.2 Market Forecast
11.2.5 Australia
11.2.5.1 Market Trends
11.2.5.2 Market Forecast
11.2.6 Indonesia
11.2.6.1 Market Trends
11.2.6.2 Market Forecast
11.2.7 Others
11.2.7.1 Market Trends
11.2.7.2 Market Forecast
11.3 Europe
11.3.1 Germany
11.3.1.1 Market Trends
11.3.1.2 Market Forecast
11.3.2 France
11.3.2.1 Market Trends
11.3.2.2 Market Forecast
11.3.3 United Kingdom
11.3.3.1 Market Trends
11.3.3.2 Market Forecast
11.3.4 Italy
11.3.4.1 Market Trends
11.3.4.2 Market Forecast
11.3.5 Spain
11.3.5.1 Market Trends
11.3.5.2 Market Forecast
11.3.6 Russia
11.3.6.1 Market Trends
11.3.6.2 Market Forecast
11.3.7 Others
11.3.7.1 Market Trends
11.3.7.2 Market Forecast
11.4 Latin America
11.4.1 Brazil
11.4.1.1 Market Trends
11.4.1.2 Market Forecast
11.4.2 Mexico
11.4.2.1 Market Trends
11.4.2.2 Market Forecast
11.4.3 Others
11.4.3.1 Market Trends
11.4.3.2 Market Forecast
11.5 Middle East and Africa
11.5.1 Market Trends
11.5.2 Market Breakup by Country
11.5.3 Market Forecast
12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 AT&T Inc.
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.1.4 SWOT Analysis
15.3.2 Geotab
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3 I.D. Systems
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 Financials
15.3.4 IBM Corporation
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.4.4 SWOT Analysis
15.3.5 Inseego Corporation
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Financials
15.3.6 Mix Telematics Limited
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.7 Omnitracs LLC
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.8 TomTom N.V.
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.8.4 SWOT Analysis
15.3.9 Trimble Inc.
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.9.4 SWOT Analysis
15.3.10 Verizon Communications
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.10.4 SWOT Analysis
15.3.11 Wheels Inc.
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
Figure 1: Global: Fleet Management System Market: Major Drivers and Challenges
Figure 2: Global: Fleet Management System Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Fleet Management System Market: Breakup by Component (in %), 2022
Figure 4: Global: Fleet Management System Market: Breakup by Vehicle Type (in %), 2022
Figure 5: Global: Fleet Management System Market: Breakup by End-Use Sector (in %), 2022
Figure 6: Global: Fleet Management System Market: Breakup by Technology (in %), 2022
Figure 7: Global: Fleet Management System Market: Breakup by Deployment Type (in %), 2022
Figure 8: Global: Fleet Management System Market: Breakup by Region (in %), 2022
Figure 9: Global: Fleet Management System Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 10: Global: Fleet Management System (Solutions) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Fleet Management System (Solutions) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Fleet Management System (Services) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Fleet Management System (Services) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Fleet Management System (Commercial Vehicles) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Fleet Management System (Commercial Vehicles) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Fleet Management System (Passenger Cars) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Fleet Management System (Passenger Cars) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Fleet Management System (Aircrafts) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Fleet Management System (Aircrafts) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Fleet Management System (Watercrafts) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Fleet Management System (Watercrafts) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Fleet Management System (Automotive) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Fleet Management System (Automotive) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Fleet Management System (Energy & Utilities) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Fleet Management System (Energy & Utilities) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Fleet Management System (Manufacturing) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Fleet Management System (Manufacturing) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Fleet Management System (Retail) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Fleet Management System (Retail) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Fleet Management System (Transportation and Logistics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Fleet Management System (Transportation and Logistics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Fleet Management System (Construction) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Fleet Management System (Construction) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: Fleet Management System (Others) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Global: Fleet Management System (Others) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Global: Fleet Management System (GNSS) Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Global: Fleet Management System (GNSS) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Global: Fleet Management System (Cellular Systems) Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Global: Fleet Management System (Cellular Systems) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Global: Fleet Management System (Cloud-based) Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Global: Fleet Management System (Cloud-based) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Global: Fleet Management System (On-premises) Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Global: Fleet Management System (On-premises) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Global: Fleet Management System (Hybrid) Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Global: Fleet Management System (Hybrid) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: North America: Fleet Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: North America: Fleet Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: United States: Fleet Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: United States: Fleet Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Canada: Fleet Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Canada: Fleet Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Asia Pacific: Fleet Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Asia Pacific: Fleet Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: China: Fleet Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: China: Fleet Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Japan: Fleet Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Japan: Fleet Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: India: Fleet Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: India: Fleet Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: South Korea: Fleet Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: South Korea: Fleet Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Australia: Fleet Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Australia: Fleet Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Indonesia: Fleet Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Indonesia: Fleet Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Others: Fleet Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Others: Fleet Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Europe: Fleet Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Europe: Fleet Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Germany: Fleet Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Germany: Fleet Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: France: Fleet Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: France: Fleet Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: United Kingdom: Fleet Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: United Kingdom: Fleet Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Italy: Fleet Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Italy: Fleet Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Spain: Fleet Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 79: Spain: Fleet Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Russia: Fleet Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 81: Russia: Fleet Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 82: Others: Fleet Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 83: Others: Fleet Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 84: Latin America: Fleet Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 85: Latin America: Fleet Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 86: Brazil: Fleet Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 87: Brazil: Fleet Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 88: Mexico: Fleet Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 89: Mexico: Fleet Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 90: Others: Fleet Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 91: Others: Fleet Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 92: Middle East and Africa: Fleet Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 93: Middle East and Africa: Fleet Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 94: Global: Fleet Management System Industry: SWOT Analysis
Figure 95: Global: Fleet Management System Industry: Value Chain Analysis
Figure 96: Global: Fleet Management System Industry: Porters Five Forces Analysis
Table 1: Global: Fleet Management System Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Fleet Management System Market Forecast: Breakup by Component (in Million US$), 2023-2028
Table 3: Global: Fleet Management System Market Forecast: Breakup by Vehicle Type (in Million US$), 2023-2028
Table 4: Global: Fleet Management System Market Forecast: Breakup by End-Use Sector (in Million US$), 2023-2028
Table 5: Global: Fleet Management System Market Forecast: Breakup by Technology (in Million US$), 2023-2028
Table 6: Global: Fleet Management System Market Forecast: Breakup by Deployment Type (in Million US$), 2023-2028
Table 7: Global: Fleet Management System Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 8: Global: Fleet Management System Market: Competitive Structure
Table 9: Global: Fleet Management System Market: Key Players
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PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.