AI-powered Fleet-management Software Market by Deployment and Geography - Forecast and Analysis 2022-2026

Published: May 2022

Pages: 125

SKU: IRTNTR73508

Snapshot

According to Technavio's analysts, the AI-powered fleet-management software market share is expected to rise to USD 4.68 billion by 2026, at an accelerating CAGR of 20.04%.

This AI-powered fleet-management software market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers AI-powered fleet-management software market segmentations by the following:

Deployment - On-premise and cloud
Geography - North America, Europe, APAC, Middle East and Africa, and South America

The AI-powered fleet-management software market report also offers information on several market vendors, including AnyConnect Pvt. Ltd., Azuga Inc., Fleet Complete, FleetCor Technologies Inc., Intelex Systems Pvt. Ltd., TrueLite Trace Inc., Geotab Inc., GoFleet Inc., Inseego Corp., International Business Machines Corp., MiX Telematics Ltd., Motive Technologies, NetraDyne Inc., Pegasus Transtech LLC, PowerFleet Inc., Samsara Inc., ThinAir Telematics, Trimble Inc., Verizon Communications Inc., and VIA TECHNOLOGIES Inc. among others.

What will the AI-powered Fleet-management Software Market Size be During the Forecast Period?

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AI-powered Fleet-management Software Market: Key Drivers, Trends, and Challenges

The growing focus on efficient use of data to enhance fleet management is notably driving the AI-powered fleet-management software market growth, although factors such as data privacy issue may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the AI-powered fleet-management software industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key AI-powered Fleet-management Software Market Driver

One of the key factors driving the global AI-powered fleet-management software industry growth is the growing focus on the efficient use of data to enhance fleet management. Fleet operators that use fleet management software receive a large amount of data related to the daily operations of the fleet, such as fuel bills, routes traversed, real-time traffic data, telematics data, and work order performance. AI-powered fleet management software enables real-time data management and reduces the probability of manual errors by automating the fleet management process. Moreover, the AI-based fleet management software can optimize routes to reduce mileage, which will reduce fuel and maintenance costs. In addition, AI provides a better understanding of changes in fleet capacity over time. For instance, it will provide insight through data analytics that how fleet capacity changes on weekends compared with that on weekdays. Such factors will drive market growth during the forecast period.

Key AI-powered Fleet-management Software Market Trend

Increasing investments in autonomous fleets is one of the key AI-powered fleet-management software market trends that is expected to impact the industry positively in the forecast period. The integration of driverless technology into commercial trucking and other fleets in the near future can help reduce costs. Some of the investments in autonomous cars are mentioned below:

In March 2020, Bayerische Motoren Werke AG (BMW) announced its plan to invest over USD 30 billion in the development of EVs and autonomous vehicles by 2025.
In September 2021, General Motors Co. announced an investment of USD 300 million in Momenta, an autonomous vehicle manufacturer.
In February 2021, Ford Motor Co announced its plan to invest USD 7 billion in the production of autonomous vehicles by 2025.
In June 2021, General Motors Co. announced to invest USD 35 billion in the development of electric vehicles (EVs) and autonomous vehicles (AVs) during 2020-2025.

The increase in investments will further support the market growth in the coming years.

Key AI-powered Fleet-management Software Market Challenge

One of the key challenges to the global AI-powered fleet-management software industry growth is the data privacy issue. With the emergence of advanced AI solutions, concerns over data privacy are increasing. Data privacy issues arise in AI due to the tools' ability to make autonomous decisions and actions. Fleet management companies are using data anonymization techniques, wherein they generalize key details of a data point to prevent data breaches while using AI. However, ensuring the privacy and anonymity of data points and large amounts of data is becoming a major challenge for companies. The increasing number of cybersecurity threats has further made it difficult to manage and secure data. For instance, in 2020, the automotive cybersecurity threats increased from 24 in 2019 to 33 in 2020. Such factors may limit the adoption of global AI-based fleet management software during the forecast period.

This AI-powered fleet-management software market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global AI-powered fleet-management software market as a part of the global application software market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the AI-powered fleet-management software market during the forecast period.

Who are the Major AI-powered Fleet-management Software Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

This statistical study of the AI-powered fleet-management software market encompasses successful business strategies deployed by the key vendors. The AI-powered fleet-management software market is fragmented and the vendors are deploying growth strategies such as technological innovation to compete in the market.

Product Insights and News

Fleet Complete - Under the unified segment, the company offers various solutions such as fleet management, task management, asset management, safety and compliance management, and dispatch and delivery management.
Fleet Complete - The company offers Vision 2.0 dual-facing camera with advanced driver assistance systems.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The AI-powered fleet-management software market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

AI-powered Fleet-management Software Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the AI-powered fleet-management software market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for AI-powered Fleet-management Software Market?

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32% of the market's growth will originate from North America during the forecast period. The US is the key market for AI-powered fleet-management software in North America. However, market growth in this region will be slower than the growth of the market in other regions.

The presence of several global vendors such as Geotab Inc., Trimble Inc., and Omnitracs, LLC will facilitate the AI-powered fleet-management software market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the growth of the AI-powered fleet-management software market in the region was hindered by the increasing spread of COVID-19. In March 2020, the government of countries across the region, such as the US, announced nationwide lockdowns and the closure of all nonessential businesses. This hindered the growth of the fleet management system in the country. However, the lockdown was lifted in Q4 2020, and business operations were resumed in 2021. Moreover, the initiation of vaccination drives and the safety measures taken by the fleet operators helped the market to recover in 2021. During the forecast period, the rapid adoption of autonomous cars is expected to positively influence regional market growth.

What are the Revenue-generating Deployment Segments in the AI-powered Fleet-management Software Market?

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The AI-powered fleet-management software market share growth by the on-premise segment will be significant during the forecast period. In an on-premise fleet management software, hardware and software are handled on the premises of the organization, which offers more control over the system and data. This will drive market growth through this segment in the coming years.

his report provides an accurate prediction of the contribution of all the segments to the growth of the AI-powered fleet-management software market size and actionable market insights on post COVID-19 impact on each segment.

AI-powered Fleet-management Software Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 20.04%
Market growth 2022-2026	$ 4.68 billion
Market structure	Fragmented
YoY growth (%)	18.74
Regional analysis	North America, Europe, APAC, Middle East and Africa, and South America
Performing market contribution	North America at 32%
Key consumer countries	US, China, Germany, UK, and France
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	AnyConnect Pvt. Ltd., Azuga Inc., Fleet Complete, FleetCor Technologies Inc., Intelex Systems Pvt. Ltd., TrueLite Trace Inc., Geotab Inc., GoFleet Inc., Inseego Corp., International Business Machines Corp., MiX Telematics Ltd., Motive Technologies, NetraDyne Inc., Pegasus Transtech LLC, PowerFleet Inc., Samsara Inc., ThinAir Telematics, Trimble Inc., Verizon Communications Inc., and VIA TECHNOLOGIES Inc.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this AI-powered Fleet-management Software Market Report?

CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will drive AI-powered fleet-management software market growth during the next five years
Precise estimation of the AI-powered fleet-management software market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the AI-powered fleet-management software industry across North America, Europe, APAC, Middle East and Africa, and South America
A thorough analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of AI-powered fleet-management software market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Deployment
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 12: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Deployment

5.1 Market segments
- Exhibit 24: Chart on Deployment - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Deployment - Market share 2021-2026 (%)

5.2 Comparison by Deployment
- Exhibit 26: Chart on Comparison by Deployment
- Exhibit 27: Data Table on Comparison by Deployment

5.3 On premise - Market size and forecast 2021-2026
- Exhibit 28: Chart on On premise - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on On premise - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on On premise - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on On premise - Year-over-year growth 2021-2026 (%)

5.4 Cloud - Market size and forecast 2021-2026
- Exhibit 32: Chart on Cloud - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Cloud - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Cloud - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Cloud - Year-over-year growth 2021-2026 (%)

5.5 Market opportunity by Deployment
- Exhibit 36: Market opportunity by Deployment ($ million)

6 Customer Landscape

6.1 Customer landscape overview
- Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation
- Exhibit 38: Chart on Market share by geography 2021-2026 (%)
- Exhibit 39: Data Table on Market share by geography 2021-2026 (%)

7.2 Geographic comparison
- Exhibit 40: Chart on Geographic comparison
- Exhibit 41: Data Table on Geographic comparison

7.3 North America - Market size and forecast 2021-2026
- Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)

7.4 Europe - Market size and forecast 2021-2026
- Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)

7.5 APAC - Market size and forecast 2021-2026
- Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)

7.6 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 54: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

7.7 South America - Market size and forecast 2021-2026
- Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)

7.8 US - Market size and forecast 2021-2026
- Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)

7.9 China - Market size and forecast 2021-2026
- Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)

7.10 Germany - Market size and forecast 2021-2026
- Exhibit 70: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on Germany - Year-over-year growth 2021-2026 (%)

7.11 UK - Market size and forecast 2021-2026
- Exhibit 74: Chart on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on UK - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on UK - Year-over-year growth 2021-2026 (%)

7.12 France - Market size and forecast 2021-2026
- Exhibit 78: Chart on France - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on France - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on France - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on France - Year-over-year growth 2021-2026 (%)

7.13 Market opportunity by geography
- Exhibit 82: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

8.1 Market drivers

8.2 Market challenges

8.3 Impact of drivers and challenges
- Exhibit 83: Impact of drivers and challenges in 2021 and 2026

8.4 Market trends

9 Vendor Landscape

9.1 Overview

9.2 Vendor landscape
- Exhibit 84: Overview on Criticality of inputs and Factors of differentiation

9.3 Landscape disruption
- Exhibit 85: Overview on factors of disruption

9.4 Industry risks
- Exhibit 86: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered
- Exhibit 87: Vendors covered

10.2 Market positioning of vendors
- Exhibit 88: Matrix on vendor position and classification

10.3 Fleet Complete
- Exhibit 89: Fleet Complete - Overview
- Exhibit 90: Fleet Complete - Product / Service
- Exhibit 91: Fleet Complete - Key offerings

10.4 FleetCor Technologies Inc.
- Exhibit 92: FleetCor Technologies Inc. - Overview
- Exhibit 93: FleetCor Technologies Inc. - Business segments
- Exhibit 94: FleetCor Technologies Inc. - Key offerings
- Exhibit 95: FleetCor Technologies Inc. - Segment focus

10.5 Geotab Inc.
- Exhibit 96: Geotab Inc. - Overview
- Exhibit 97: Geotab Inc. - Product / Service
- Exhibit 98: Geotab Inc. - Key news
- Exhibit 99: Geotab Inc. - Key offerings

10.6 GoFleet Inc.
- Exhibit 100: GoFleet Inc. - Overview
- Exhibit 101: GoFleet Inc. - Product / Service
- Exhibit 102: GoFleet Inc. - Key offerings

10.7 Inseego Corp.
- Exhibit 103: Inseego Corp. - Overview
- Exhibit 104: Inseego Corp. - Product / Service
- Exhibit 105: Inseego Corp. - Key offerings

10.8 International Business Machines Corp.
- Exhibit 106: International Business Machines Corp. - Overview
- Exhibit 107: International Business Machines Corp. - Business segments
- Exhibit 108: International Business Machines Corp. - Key offerings
- Exhibit 109: International Business Machines Corp. - Segment focus

10.9 MiX Telematics Ltd.
- Exhibit 110: MiX Telematics Ltd. - Overview
- Exhibit 111: MiX Telematics Ltd. - Business segments
- Exhibit 112: MiX Telematics Ltd. - Key news
- Exhibit 113: MiX Telematics Ltd. - Key offerings
- Exhibit 114: MiX Telematics Ltd. - Segment focus

10.10 PowerFleet Inc.
- Exhibit 115: PowerFleet Inc. - Overview
- Exhibit 116: PowerFleet Inc. - Product / Service
- Exhibit 117: PowerFleet Inc. - Key offerings

10.11 Trimble Inc.
- Exhibit 118: Trimble Inc. - Overview
- Exhibit 119: Trimble Inc. - Business segments
- Exhibit 120: Trimble Inc. - Key offerings
- Exhibit 121: Trimble Inc. - Segment focus

10.12 Verizon Communications Inc.
- Exhibit 122: Verizon Communications Inc. - Overview
- Exhibit 123: Verizon Communications Inc. - Business segments
- Exhibit 124: Verizon Communications Inc. - Key offerings
- Exhibit 125: Verizon Communications Inc. - Segment focus

11 Appendix

11.1 Scope of the report

11.2 Inclusions and exclusions checklist
- Exhibit 126: Inclusions checklist
- Exhibit 127: Exclusions checklist

11.3 Currency conversion rates for US$
- Exhibit 128: Currency conversion rates for US$

11.4 Research methodology
- Exhibit 129: Research methodology
- Exhibit 130: Validation techniques employed for market sizing
- Exhibit 131: Information sources

11.5 List of abbreviations
- Exhibit 132: List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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