Sheer Analytics And Insights Pvt. Ltd.

Friday, 23 September 2022

On Fleet Management Software Market is Expected to Reach $21.5 billion by 2032

According to a market report, published by Sheer Analytics and Insights, The global on fleet management software market was valued at $17.5 billion in 2021 and it is expected to reach $21.5 billion at a CAGR of 15.4% between 2022 and 2032. There is one of the best fleet management software called Fleetico. This software is widely used and available, especially for small businesses. Additionally, it offers location tracking to typical tracking features. The presence of multiple key players across the glove has driven the fleet management software market over the past few years due to the rising adoption of cloud computing and analytics associated with fleet management software. Various sectors need operational efficiency with the help of their governmental support. There are several growth opportunities for on fleet management software market. Multiple small and medium firms are focusing on their presence in this market while they are trying to provide several offerings to the whole world. These major factors are estimated to fuel the growth of the fleet management software market during the forecast period from 2022 to 2032. 

Moreover, fleet management software is software or technology which is used to monitor and control various fleets, including those automobiles, trucks, ships, buses, ambulances, and cargo operations. Mainly every industry with cars and other vehicle relies on fleet management software. However, there are other benefits of using fleet management software. For example, it manages the fleet remotely, increases vehicle lifespan, improves safety, reduces costs, dispatches improvement, increases customer satisfaction, and optimizes routes, among others. These benefits and advantages are estimated to fuel the market growth over the upcoming years.    

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At present days, technologies are becoming advanced. Several key players are adopting modern technologies such as artificial intelligence, machine learning, big data, IoT services, and more. These would benefit the fleet management software market to gain more growth opportunities during the upcoming years. Furthermore, fleet management software helps industrial managers in rightsizing fleet vehicles. It also provides maintenance management, reduces fuel cost and distance traveled, modifies driver behavior, and lowers overall costs. Therefore, these rising factors are projected to accelerate the growth of the market during the forecast period.                               

Digital INNK has announced to launch new fleet management platform. This company has secured investment for its new ViSN fleet management platform. In 2022, Ford Pro launched a new fleet management system. The company provides a cloud-based suite of fleet management services through a single interface. Moreover, SemaConnect has launched new fleet management software solutions for electric fleets. This new tool is for managing the transition to electric fleets. A couple of years ago, Tata launched a new connected fleet management system for commercial vehicles. Young Androsian entrepreneur has launched new fleet management software called Mobile Garage Fleet Solutions. Google has launched fleet management solutions for last-mile deliveries. Hence, these new launches are expected to drive the growth of the fleet management software market during the forecast period from 2022 to 2032.

According to the study, key players dominating the global on fleet management software market are AT&T (U.S), Apollo Global Management (U.S), Azuga Inc (U.S), Cisco Systems (U.S), Fleetroot (UAE), Fleetmatics Group PLC (Ireland), Fleet Complete (Canada), FLEETCOR (U.S), GURTAM (Lithuania), Geotab (Canada), Holman Automotive (U.S), Inseego Corp (U.S), IBM (U.S), LeasePlan Corporation (Netherlands), Mix Telematics (South Africa), Orbcomm (U.S), Omnitraces LLC (U.S), Rarestep (U.K), Trimble (U.S), Zonar Systems (U.S), among others.    

The Global On Fleet Management Software Market Has Been Segmented Into:

The Global On Fleet Management Software Market – by Fleet Type:

  • Commercial Fleet
  • Passenger Cars

The Global On Fleet Management Software Market – by Deployment Type:

  • Cloud-Based
  • On Premises

The Global On Fleet Management Software Market – by End-User Type:

  • Manufacturing
  • IT and Telecom
  • Transportation
  • Oil and Gas
  • Logistics
  • And Others

The Global On Fleet Management Software Market – by Regions:

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • U.K.
    • France
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • India
    • China
    • Japan
    • Australia
    • Rest of Asia Pacific
  • Middle East
    • Saudi Arabia
    • UAE
    • Others
  • Latin America
    • Brazil
    • Chile
    • Others
  • Africa
    • South Africa
    • Egypt
    • Others

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