Fleet Management Solution Market - Expand at a Whopping CAGR of 22.6% over the Forecast Period
Fleet Management Solution Market - Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025
Albany, NY -- (SBWire) -- 05/15/2019 --The demand within the global fleet management solution has been rising on account of increase in the volume of transport operations, finds Transparency Market Research (TMR). Fleet management solutions combine a range of software and hardware capabilities to improve the overall operations of the transport industry.
The market vendors in the global fleet management solution market are focusing on providing seamless services to the consumers. The presence of a large number of market players in the global fleet management solution market has taken the bar of competition to new heights. There is a high possibility of better software options for fleet management to come to the fore in the coming times.
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Fleet management is a process or an approach that enables companies to systemize and co-ordinate work vehicles with the aim to reduce costs, improve efficiency, and provide compliance to government regulations. Solutions such as driver management, vehicle management and operations management are encompassed in the scope of fleet management solutions. The rising adoption of fleet management analytics and a shift towards smaller fleets are some of the reason that are expected to drive the fleet management solution market in the next few years.
The Fleet Management Solution market has been segmented on the basis of deployment, type, end-use industry and geography. Based on deployment, the market has been divided into cloud and on-premise. Based on the solution type, the market has been divided into vehicle management, driver management and operations management. Based on the end-use industry the market has been divided into Transportation & Logistics, Automotive, Retail, Government and Shipping.
Cloud based deployment could be defined as delivery of hosted services over the internet. Cloud based deployment model can include Public, Private and Hybrid Cloud whereas On-Premise deployment model would refer to the computation that is located within the physical confines of an organization.
Vehicle Management Solutions would refer to a system that provides management functions which allow organizations to manage vehicle's fuel consumption, services etc. while Driver Management Solutions would refer to a system that provides management functions which allow organizations to manage driver's behavior, driving habits etc. to ensure safety. Moreover, Operations Management Solutions would refer to a system that provides management functions which allow organizations to the operations of the fleet. These solutions are necessary as organizations try to cut the costs of the operations while complying with the regulations.
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On the basis of end-use industry the global fleet management solution market can be segmented into Transportation & Logistics, Automotive, Retail, Government and Shipping.
Geographically, the report classifies the global Fleet Management Solution market into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America; the regions are analyzed in terms of market revenue. Furthermore, region wise prominent countries covered in the report include the following - the U.S, Canada, Germany, France, the U.K., China, India, Japan, South Africa, UAE, Saudi Arabia, Brazil and Argentina.
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