Fleet Management Market by Offering and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR70976
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The fleet management market has the potential to grow by USD 42.35 billion during 2021-2025, and the market’s growth momentum will decelerate at a CAGR of 18.78%.

This fleet management 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 market segmentation by offering (subscription and hardware and others) and geography (North America, Europe, APAC, South America, and MEA). The fleet management market report also offers information on several market vendors, including AT and T Inc., Azuga Inc., Donlen Corp., MiX Telematics International (Pty) Ltd., NexTraq LLC, Omnitracs LLC, Samsara Inc., TomTom International BV, Trimble Inc., and Verizon Communications Inc. among others.

What will the Fleet Management Market Size be in 2021?

Fleet-Management-Market-Market-Size-2020-2025

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Fleet Management Market: Key Drivers and Trends

The growing need for operational efficiency is notably driving the fleet management market growth, although factors such as issues in GPS connectivity may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the fleet management industry. The holistic analysis of the drivers will help in predicting end goals and refining marketing strategies to gain a competitive edge.

This fleet management 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 2021-2025.

Who are the Major Fleet Management Market Vendors?

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

 

  • AT and T Inc.
  • Azuga Inc.
  • Donlen Corp.
  • MiX Telematics International (Pty) Ltd.
  • NexTraq LLC
  • Omnitracs LLC
  • Samsara Inc.
  • TomTom International BV
  • Trimble Inc.
  • Verizon Communications Inc.

 

The vendor landscape of the fleet management market entails successful business strategies deployed by the vendors. The fleet management market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. 

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.

Download a free sample of the fleet management market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Fleet Management Market?

Fleet-Management-Market-Market-Share-by-Region-2020-2025

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31% of the market’s growth will originate from North America during the forecast period. The US is the key market for fleet management market in North America. 

The report offers an up-to-date analysis of the geographical composition of the market. North America has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. Growing demand for utility vehicles will facilitate the fleet management market growth in North America over the forecast period. The report offers an up-to-date analysis of the geographical composition of the market, competitive intelligence, and regional opportunities in store for vendors.

What are the Revenue-generating Offering Segments in the Fleet Management Market?

Fleet-Management-Market-Market-Share-by-Offering-2020-2025

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The fleet management market share growth by the subscription segment has been significant. This report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2021-2025 and embrace technologies to improve business efficiency.

This report provides an accurate prediction of the contribution of all the segments to the growth of the fleet management market size. Furthermore, our analysts have indicated actionable market insights on post COVID-19 impact on each segment, which is crucial to predict change in consumer demand.

 

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What are the Key Factors Covered in this Fleet Management Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive fleet management market growth during the next five years
  • Precise estimation of the fleet management market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the fleet management market across North America, Europe, APAC, South America, and MEA 
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of fleet management market vendors

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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.

TechnavioINFORMATION 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
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TechnavioDATA 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
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TechnavioREPORT 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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