Final Report will add the analysis of the impact of COVID-19 on this industry.
The report titled Fleet Management Solutions Market has recently added by MarketIntelligenceData to get a stronger and effective business outlook. It provides an in-depth analysis of different attributes of industries such as trends, policies, and clients operating in several regions. The qualitative and quantitative analysis techniques have been used by analysts to provide accurate and applicable data to the readers, business owners and industry experts.
The fleet management solutions market was valued at USD 6.15billion in 2019, and is expected to reach a value of USD 18.49billion by 2025, at a CAGR of 20.07% over 2020-2025.
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Top Companies operating in the Global Fleet Management Solutions market profiled in the report:
Cisco Systems Inc., AT&T Inc., Ctrack (Inseego Corp. ), I.D. Systems, IBM Corporation, Astrata Group, Mix Telematics Limited, Omnitracs LLC, Tomtom NV, Trimble Navigation Limited, Verizon Communications Inc., Wheels Inc.
Scope of the Report
Fleet vehicle management can include a range of functions, such as vehicle financing, vehicle maintenance, vehicle telematics, such as tracking and diagnostics, driver management, speed management, fuel management, and health and safety management.
Key Market Trends
Driver Management Segment Expected to Hold Significant Share
The driver management systems in fleet management solutions include applications, such as driver registration, insurance risk management, and analysis. The prime motive of driver management systems is to study the driver behavior and make necessary changes to driving styles, which will reduce fuel consumption and improve the vehicle�s maintenance.
These systems promote better driving behavior and continuously send feedback indicating the driving style, with alerts. Organizations are adopting this solution, as it provides them fuel savings, lowers maintenance costs, and makes them feel secure about the management of the vehicle and customers.
According to a recent safety report by Volvo Trucks, more than 90% of the accidents were caused due to human factors. The survey indicates that more than 13% of the accidents caused fatalities to heavy goods vehicle occupants.
Global Fleet Management Solutions Market Split by Product Type and Applications:
Market Segment by Type, covers:
Market Segment by Applications, covers:
Regional Analysis For Fleet Management Solutions Market:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Influence of the Fleet Management Solutions Market Report:
-Comprehensive assessment of all opportunities and risk in the Fleet Management Solutions market.
-Fleet Management Solutions market recent innovations and major events.
-Detailed study of business strategies for growth of the Fleet Management Solutions market-leading players.
-Conclusive study about the growth plot of Fleet Management Solutions market for forthcoming years.
-In-depth understanding of Fleet Management Solutions market-particular drivers, constraints and major micro markets.
-Favourable impression inside vital technological and market latest trends striking the Fleet Management Solutions market.
Fleet Management Solutions Market report includes the estimation of market size for value (million USD) and volume (M Sqm). Both Top-down and bottom-up approaches have been used to estimate and validate the market size of Fleet Management Solutions Market, to estimate the size of various other dependent submarkets in the overall market.
Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
How we have factored the effect of Covid-19 in our report:
All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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