Fleet Management Solution Industry Insights To Register Significant Growth Globally By 2017 – 2025

Global Fleet Management Solutions Market: Snapshot

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 market is also expected to benefit from the vast technological advancements recently observed in the field of automatic vehicles. Transparency Market Research estimates that the global fleet management solutions market will exhibit an exponential CAGR of 22.6% during the period between 2017 and 2025, rising from a valuation of US$12.57 bn in 2015 to US$91.94 bn in 2025.

Purchase our Premium Research Report at:https://www.transparencymarketresearch.com/checkout.php?rep_id=24092&ltype=S

fleet management solution market
Cloud-based Deployment to Contribute Massive Share in Revenue

On the basis of deployment, the global fleet management solution market is segmented into cloud and on-premise. The cloud-based deployment segment is anticipated to contribute major share in the global fleet management solution market. With the increased demand and adoption of Software as a Service model, the cloud deployment segment is anticipated to witness rapid and steady growth throughout the forecast period. The on-premise deployment segment is expected to hold a comparatively smaller share of the global fleet management solution market.

On the basis of type, the global fleet management solution market has been segmented in the report into vehicle management, driver management, and operations management. Of these, the segment of operations management solutions is expected to hold the dominant share of the global market throughout the forecast period. The segment is expected to be followed by the segment of vehicle management solutions in terms of market share. Moreover, the vehicle management solutions segment is also projected to be the segment with the most promising growth opportunities owing to high rate of growth. This segment is expected to grow at a CAGR of 24.7% during the period from 2017 to 2025. This growth is primarily attributable to increased demand for green fleets.

Get More Press Releases by TMR: https://www.emrindustry.com/businesses-heavily-demanding-third-party-data-for-analyzing-market-which-in-turn-driving-the-data-exchange-platform-services-market/

Asia Pacific Market to Lead in Terms of Growth Rate

The global fleet management solution market is expected to be led by North America throughout the forecast period. The North America market for fleet management solutions is estimated to contribute a massive share in the global market over the forecast period, with the U.S. providing most of the revenue. The presence of key industry players along with support from OEMs is expected to drive the market in the region.

Europe is expected to follow North America in terms of market revenue. The presence of several local industry players, increasing trade through Pan-European corridor and the growing awareness about technology and solutions is expected to drive the market in the region. Favorable regulatory initiatives in the region are also expected to add to the market growth. The market in Asia Pacific is expected to be lead in terms of growth rate over the report’s forecast period. This growth is expected to be driven by demand across countries such as China, Japan, and India, while South East Asian countries with their superior infrastructure and impressive communication network are also expected to contribute substantially to the region’s growth.

To gauge the scope of customization in our reports, Ask for a Sample

Increased Adoption of Fleet Management Solution Drives Promising Avenues for Market Players

Fleet management refers to an approach or a process that allows organizations to systemize as well as synchronize work vehicles in order to achieve various benefits. Some of the advantages of fleet management include cost reduction, improved efficiency, and government regulations compliance. Owing to all these advantages, there is remarkable growth in the acceptance of fleet management solution among organizations from all across the globe. This scenario is creating promising expansion avenues for vendors in the global fleet management solution market.

Contact us:

Transparency Market Research
State Tower,
90 State Street, Suite 700,
Albany NY – 12207,
United States
Tel: +1-518-618-1030

Site: https://todaysmarkettrends.wordpress.com