The Global [FURL=https://www.industryarc.com/Report/16198/fleet-management-software-market.html]Fleet Management Software Market[/FURL] is estimated to reach $38.5 billion growing at a CAGR of 11.4% from 2020 to 2025. The fleet management software helps to store, process, accumulate monitor, report and export information related to the fleet of vehicles operated by company or government organization. The industries using fleet management software are capable of tracking the location of their fleet using real-time GPS insights. The adoption of fleet management software has resulted in lowering of expenses, improved security, fuel consumption and others. The departure, route, destination and operation hours can be tracked through a geofencing solution of fleet software. Key Takeaways
The rise in adoption of fleet management solutions due to the presence of various industries such as construction, Transportation, Logistics and others are driving the growth of the market. Fleet Management Solution provides real-time tracking of the fleets, driver’s management system and others which increase the safety and security of these businesses.
Cloud-based deployment of fleet management solutions is dominating the market owing to its easy integration and cost-effectiveness.
In North America, the adoption of fleet management solutions in the industrial sectors has driven the growth of the market. Fleet management solutions enable operation management, vehicle management, fuel management among others due to which it is adopted in these industries.
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Fleet Management Software Market Segment Analysis - By Geography
By Geography the Fleet Management Software Market is dominated by North America with market share xx% in 2019. In North America, the growth of industries such as Logistics, Manufacturing and Transportation has witnessed a significant growth of the market. The smooth operational processes can be achieved by the procurement of fleet management software in these industries. According to the United Nations Industrial Development, the global increase in e-commerce use has increased. In 2014 it was 7.40% and in 2020 14.60%.
Fleet Management Software Market Drivers
Surge in transportation, logistics and industrial sector:
Rising use of Internet applications and technological advancements:
Market Landscape
Fleet Management Software Market is dominated by major companies such as Inseego Corporation, GPS Trackit, Verizon Connect, Geotab,Inc, Trimble,Inc, GPS Insights, Fleet Complete, NexTrq LLC, Omnitracs,LLC, Fleet Complete among others.
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