The insights into the automobile industry are advanced by Market Research Future, which concentrates on reports on industry verticals that review the market options for growth. A CAGR of 22 % is anticipated to be witnessed by the market in the course of the forecast period.

Regional Analysis 

The regional evaluation of the fleet management market comprises of regions such as North America, Europe, APAC, and other global regions. The European and North American region are projected to influence the fleet management market owing to the strict norms on vehicle emissions and enormous innovations in the fleet management technology placement. The Asia Pacific region is likely to be the fastest developing region with amplified openings in nations such as China and India. Moreover, the large scale adoption of mobile and web-based business services in these regions has been observed as the primary driver for the market in the region.

Segmental Analysis

The segment-based study of the fleet management market is carried out on the basis of deployment type, management type, connectivity type, services, and regions. On the basis of deployment types, the fleet management market comprises of on-premises, cloud and hybrid. Based on the management type, the fleet management market comprises of asset management, driver management, operation management. Based on the connectivity type, the fleet management market comprises of satellite navigation and cellular system. Based on the service, the fleet management market consists of integration and deployment services, managed services and professional services. By region, the fleet management market is segmented into North America, Europe, APAC and other global regions.

Competitive Analysis

The strategic contenders in the fleet management markets are I.D. Systems, Inc. (U.S), Verizon Telematics Inc.(U.S.), Fleetmatics Group PLC (U.S.), Trimble Inc. (U.S), Zonar Systems, Inc. (U.S.), WorkWave LLC(U.S.), and Cisco Systems, Inc. (U.S.).