[FURL=https://www.industryarc.com/Report/16198/fleet-management-software-market.html?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Fleet Management Software Market[/FURL] Fleet Management Software Market size is estimated to reach $55.89 billion by 2026, growtin at a CAGR of 16.1% during the forecast period 2021-2026. The Fleet Management Software solution provides authentic actionable data to aid automate fleet operations. To keep vehicles and other associated features performing smoothly, a fleet management solution offers data-based insights regarding safety, vehicle tracking, operations Management, passenger cars, and others. The significant transformation in the fleet management sector owing to digitalization, platformization and data-driven business models has driven the Fleet Management Software Industry. The rising adoption of Telematics software and hardware, enables fleet operators to seek complete fleet management lifecycle, starting from asset tracking, data capture, maintenance & repair to driver safety.Key Takeaways
The rising boom in e-commerce has accelerated the demand for effective operation of the logistic sector, which drives the growth of the Fleet Management Software Market.
The demand for autonomous driving cars and Electric vehicles has grown exponentially, which drives the Fleet Management Software Market growth
North America dominated the Fleet Management Software Market in 2020 with a share of 41.3 %, followed by Europe owing to the significant adoption of asset tracking devices across several end-verticals.
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Fleet Management Software Market Segment Analysis - By Geography
North America dominated the Fleet Management Software Market in 2020 with a share of 41.3%, followed by Europe owing to the significant adoption of asset tracking devices across several end-verticals. Moreover, the paradigm transformation to e-commerce from traditional retail stores has driven the demand for robust logistics support, thereby, accelerating the growth of Fleet Management Software Market. In December 2020, LocatorX, an innovative tracking technology company launched Asset Management solution, which is designed to track mobile and fixed assets from anywhere. Specifically, in the U.S and Canada, the region represents promising logistics hubs like express delivery services, truck, freight rail, air and maritime transportations, which require highly customizable technologies for fleet operation.
Fleet Management Software Market Drivers
Rapid growth of e-commerce
Rising demand of connected cars and EV-vehicles
Market Landscape
Fleet Management Software Market top 10 companies include Geotab Inc., ZF Friedrichshafen AG, Verizon Connect, Trimble Inc., Omnitracs, LLC, GPSTrackit, Trimble Navigation Limited, Telogis, Zonar Systems and Workwave LLC and among others
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