Fleet Management System Market, By Type (Solutions (Operations Management, Information Management, Risk Management, Vehicle Maintenance and Leasing, Safety and Compliance Management, and Others (carbon emission reporting, toll management, and in-cab coaching) and Services, Professional services, and Managed services), By Deployment Type (On-Premises, Cloud, and Hybrid), By Fleet Type (Light Commercial Vehicles (LCVs) and Medium and Heavy Commercial Vehicles (M&HCVs)), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Trends, Analysis and Forecast till 2034

Report Code: PMI34119 | Publish Date: January 2024 | No. of Pages: 168

Global Fleet Management System Market Overview

Introduction:

Fleet management system is management of commercial motor vehicles such as cars, vans, trucks, specialist vehicles, and trailers, private vehicles, aircraft, ships, and rail cars. Fleet management is facilitating reduction of costs and risk related to vehicle investment. Fleet management system utilized advanced technologies such as GPS, communication sensors, and radio-frequency identification (RFID) which provide real-time monitoring of location of vehicles, behavior of drivers, and fuel use. The Fleet Management System market accounted for US$ 27 Billion in 2024 and is estimated to be US$ 142.5 billion by 2034 and is anticipated to register a CAGR of 18.10%.

Global Fleet Management System Market Dynamics

Increasing Need for Operational Efficiency

Growing adoption of cloud computing for streamlining fleet management operations is major factor driving growth of the fleet management system market. In addition, increasing need for operational efficiency is creating demand for fleet management system, which in turn propels growth of the target market. Furthermore, declining hardware and connectivity costs leading to rising deployment of fleet management solutions is factor expected to support growth of the fleet management system market over the forecast period. Moreover, increasing adoption of ELD mandate offered by vendors, coupled with growing use of reed sensor applications in home appliances, smart meters, and HVAC fuels the growth of target market. Moreover, benefit of low operating power and capability of working in harsh environments is expected to promote growth of the fleet management system market in the near future. However, cost sensitivity of fleet owner’s is a major obstruction in deployment of advanced fleet management technologies is factor hindering growth of the target market. Telematics data is used to make informed business decisions, coupled with green fleet initiatives to reduce the environmental impact to ensure efficient functioning of fleets is also expected to create lucrative growth opportunity for the major players operating in the fleet management system market. Furthermore, increasing use of reed sensors in emerging technologies is which is also expected to augment growth opportunity for key players operating in the fleet management system market.

Global Fleet Management System Market Segmentation

 

Source: Prophecy Market Insights |Disclaimer: Data is only a representation. Actual data may vary in the final report.

The Fleet Management System market is segmented based on type, deployment type, fleet type, and region.

On the basis of type, the target market is bifurcated into solutions and services. Solution sub-segment is categorized into operations management, information management, risk management, vehicle maintenance and leasing, safety and compliance management, and others. Others sub-segment is classified into carbon emission reporting, toll management, and in-cab coaching. Services sub-segment is categorized into professional services and managed services. On the basis of deployment type, the fleet management market is classified into on-premises, cloud, and hybrid. On the basis of fleet type, the target market is segmented into light commercial vehicles (LCVs) and medium and heavy commercial vehicles (M&HCVs).

 

Regional Insights:

The Fleet Management System market accounted for US$ 27 Billion in 2024 and is estimated to be US$ 142.5 billion by 2034 and is anticipated to register a CAGR of 18.10%.On region the Fleet Management System market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In 2018, the market in North America is expected to account for major revenue share in fleet management system market, followed by markets in other region. This is owing to increasing adoption of fleet management technologies in the countries of the region. Europe is expected to account for second-highest revenue share in the market, owing to growing technological awareness in the countries of the region. Asia Pacific fleet management system market is expected to witness the highest growth in market during forecast period. This can be attributed to increasing adoption of advanced technologies as well as gross domestic product in the countries of the region.

Global Fleet Management System Market Key Players

 

The Key players operating in the fleet management system market includes AT&T Inc, Donlen Corporation, Geotab Inc., LeasePlan USA, Inc., Masternaut Limited, Merchants Fleet Management, Omnitracs, LLC, Teletrac Navman (UK) Ltd, Trimble Inc., Verizon Telematics, Inc, Wheels, Inc., and WorkWave, LLC. 

Verizon Telematics, Inc

Verizon Communications Inc., or without a doubt Verizon, is an American worldwide telecommunications big and a Dow Jones Industrial Average commercial enterprise corporation component. The corporation is blanketed in Delaware and has its headquarters at 1095 Avenue of the Americas in Midtown Manhattan, New York City.

The US Department of Justice ordered AT&T Corporation to interrupt up the Bell System into seven entities, every called a Regional Bell Operating Company (RBOC), or "Baby Bells," in 1984. In the equal year, Bell Atlantic, one of the Baby Bells, end up founded. With a looking for and selling vicinity stretching from New Jersey to Virginia, it have end up the figure enterprise of New Jersey Bell, Bell of Pennsylvania, Diamond State Telephone, and the C&P Telephone businesses

 

Report Scope:

Attribute

Details

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Billion & CAGR from 2024 – 2034

Market Segmentation

By Type- Solutions (Operations Management, Information Management, Risk Management, Vehicle Maintenance and Leasing, Safety and Compliance Management, and Others (carbon emission reporting, toll management, and in-cab coaching) and Services, Professional services, and Managed services.

By Deployment Type– On-Premises, Cloud, and Hybrid

By Fleet Type– Light Commercial Vehicles (LCVs) and Medium and Heavy Commercial Vehicles (M&HCVs)

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Fleet Management System market report based on type, deployment type, fleet type, and region.

 

Fleet Management System Market, By Region:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa

Global Fleet Management System Market Company Profile

  • AT&T Inc*
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Donlen Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Geotab Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • LeasePlan USA, Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Masternaut Limited
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Merchants Fleet Management
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Omnitracs, LLC
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Teletrac Navman (UK) Ltd
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Trimble Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Verizon Telematics, Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Wheels, Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • WorkWave, LLC
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance

 

Global Fleet Management System Market Table of Contents

 

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Type
      • Market Snippet, By Deployment Type
      • Market Snippet, By Fleet Type
      • Market Snippet, By Region
    • Opportunity Map Analysis
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Market Trends
    • Product Launch
    • Merger and Acquisitions
    • Recent Approvals
    • Impact Analysis
    • PEST Analysis
    • Porter’s Analysis
  4. Global Fleet Management System Market, By Type, 2024-2034, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2024-2034
      • Y-o-Y Growth Analysis (%), 2024-2034
      • Segment Trends
    • Solutions
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024-2034
        • Operations Management
        • Information Management
        • Risk Management
        • Vehicle Maintenance and Leasing
        • Safety and Compliance Management
        • Others (Carbon Emission Reporting, Toll Management, and In-Cab Coaching)
    • Services
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024-2034
        • Professional Services
        • Managed Services

Global Fleet Management System Market, By Deployment Type, 2024-2034, (US$ Bn)

  1.  
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2024-2034
      • Y-o-Y Growth Analysis (%), 2024-2034
      • Segment Trends
    • On-Premises
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024-2034
    • Cloud
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024-2034
    • Hybrid
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024-2034
  2. Global Fleet Management System Market, By Fleet Type, 2024-2034, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2024-2034
      • Y-o-Y Growth Analysis (%), 2024-2034
      • Segment Trends
    •  Light Commercial Vehicles (LCVs)
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024-2034
    • Medium and Heavy Commercial Vehicles (M&HCVs)
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024-2034
  3. Global Fleet Management System Market, By Region, 2024-2034, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2024-2034
      • Y-o-Y Growth Analysis (%), 2024-2034
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Bn), By Type, 2024-2034
      • Market Size and Forecast (US$ Bn), By Deployment Type, 2024-2034
      • Market Size and Forecast (US$ Bn), By Fleet Type, 2024-2034
      • Market Size and Forecast (US$ Bn), By Country, 2024-2034
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Bn), By Type, 2024-2034
      • Market Size and Forecast (US$ Bn), By Deployment Type, 2024-2034
      • Market Size and Forecast (US$ Bn), By Fleet Type, 2024-2034
      • Market Size and Forecast (US$ Bn), By Country, 2024-2034
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Switzerland
        • Sweden
        • Rest of Europe           
    • Asia Pacific
      • Market Size and Forecast (US$ Bn), By Type, 2024-2034
      • Market Size and Forecast (US$ Bn), By Deployment Type, 2024-2034
      • Market Size and Forecast (US$ Bn), By Fleet Type, 2024-2034
      • Market Size and Forecast (US$ Bn), By Country, 2024-2034
        • China
        • India
        • Australia & New Zealand
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Bn), By Type, 2024-2034
      • Market Size and Forecast (US$ Bn), By Deployment Type, 2024-2034
      • Market Size and Forecast (US$ Bn), By Fleet Type, 2024-2034
      • Market Size and Forecast (US$ Bn), By Country, 2024-2034
        • Brazil
        • Mexico
        • Argentina and Chile
        • Rest of Latin America
    • Middle East
      • Market Size and Forecast (US$ Bn), By Type, 2024-2034
      • Market Size and Forecast (US$ Bn), By Deployment Type, 2024-2034
      • Market Size and Forecast (US$ Bn), By Fleet Type, 2024-2034
      • Market Size and Forecast (US$ Bn), By Country, 2024-2034
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Market Size and Forecast (US$ Bn), By Type, 2024-2034
      • Market Size and Forecast (US$ Bn), By Deployment Type, 2024-2034
      • Market Size and Forecast (US$ Bn), By Fleet Type, 2024-2034
      • Market Size and Forecast (US$ Bn), By Country, 2024-2034
        • South Africa
        • Central Africa
        • North Africa
  4. Competitive Landscape
    • Heat Map Analysis
    • Company Profiles
      • AT&T Inc
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
        • Business Strategy
      • Donlen Corporation
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
        • Business Strategy
      • Geotab Inc.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
        • Business Strategy
      • LeasePlan USA, Inc.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
        • Business Strategy
      • Masternaut Limited
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
        • Business Strategy
      • Merchants Fleet Management
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
        • Business Strategy
      • Omnitracs, LLC
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
        • Business Strategy
      • Teletrac Navman (UK) Ltd
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
        • Business Strategy
      • Trimble Inc.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
        • Business Strategy
      • Verizon Telematics, Inc.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
        • Business Strategy
      • Wheels, Inc.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
        • Business Strategy
      • WorkWave, LLC
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
        • Business Strategy
    • Analyst Views
  5. Section
    • Research Methodology
    • About Us
    • Contact

FAQs

The Fleet Management System Market report segments the market on the based on the type, deployment type, fleet type and region.

The Fleet Management System Market is being driven by the growing requirement for operational efficiency in fleet-owning businesses, as well as the expanding acceptance of cloud computing for streamlining fleet management operations.

North America is expected to account for major revenue share as compared to that of other regions.

The leading players operating in the Fleet Management System Market includes AT&T Inc., Donlen Corporation, Geotab Inc., LeasePlan USA, Inc., Masternaut Limited, Merchants Fleet Management, Omnitracs, LLC, Teletrac Navman (UK) Ltd, Trimble Inc., Verizon Telematics, Inc., Wheels, Inc., and WorkWave, LLC.