The Major players reported in the market include: Omnitracs, TrimbleFleetmatics, Telenav, Teletrac, EMKAY, Gurtam, FleetCor, Navman Wireless, TomTom , AssetWorks, E6GPS, Mike Albert, Etrans, Wiesless Matrix, Scania Fleet, Transics, Fleetboard, Tracker SA Dynafleet

Houston, TX -- (SBWire) -- 06/07/2018 --The market for fleet management solutions is expected To Grow at a CAGR of +11% by 2023

The report includes information on the solutions offered by major players, including hardware providers, professional services and integration solutions. The regions included in this study are North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa.
The study offers information on vertical end-user categories such as construction, energy and utilities, government, construction, transport, etc. It also considers segmentation based on solutions such as driver management, fleet analyzes, speed management, telematics, etc. and segmentation based on growth, such as cloud, on-site and hybrid.
The Major players reported in the market include:
Omnitracs, TrimbleFleetmatics, Telenav, Teletrac, EMKAY, Gurtam, FleetCor, Navman Wireless, TomTom AssetWorks, E6GPS, Mike Albert, Etrans, Wiesless Matrix, Scania Fleet, Transics, Fleetboard, Tracker SA Dynafleet

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The most important driving force in the fleet management market is said to be the growing need for operational efficiency, resulting in increased demand for fleet management and cloud computing in the fleet, thereby rationalizing fleet management operations and reducing hardware costs and connectivity to the increased development of fleet management solutions.

The company's management solution is expected to have the largest market share in the forecasting period
The SSS is expected to have the largest market share during the forecasting period due to the much-needed features such as position tracking, which allows for real-time tracking of vehicle positioning, geophysical facilities to ensure that vehicles do not deviate from the planned route, optimizing the route, which helps optimize fuel and navigation use, which helps drivers to drive safely and covers programmed route.
The managed services sector is expected to grow at the fastest pace during the forecast period due to the increased adoption of outsourced services.

Integrated facility management, counseling and 24-hour service are some of the upcoming managed services required by fleet operators. In addition, it is difficult for companies to focus on core business processes and support various other functions, which in turn increase the importance of the services they manage. These services offer the technical skills required to maintain and update the software in the fleet management ecosystem.

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