- Solutions
- Services
Fleet Management Market size was valued at USD x million in 2023 and is expected to reach a value of USD x million by 2030, growing at a CAGR of x% from 2024 to 2030. The global market provides a detailed overview of the fleet management market and that can be segmented by deployment type, fleet type, and application. component, the fleet management market has been segmented into solutions and services. The solutions segment is likely to be the largest and fastest-growing segment in terms of components. Further, solutions are further segregated into operation management, vehicle maintenance and diagnostics, performance management, fleet analytics, and reporting. Services are segmented into professional services and managed services. Based on deployment type, the fleet management market is segmented into on-premises, and cloud. Among these, the on-premises segment is expected to have the fastest-growing market during the forecast period 2022-2028. On the basis of fleet type, the market is divided into the commercial fleet, light commercial vehicles, medium and heavy commercial vehicles, passenger cars, the internal combustion engine, and electric vehicles. The commercial fleet held a considerable market share during the forecast period.
Fleet Management Market Key Developments:
- In Feb 2021, Inseego has agreed to sell Ctrack's South African branch to Convergence Partners, an investment management firm concentrating on Africa's technology, media, and telecom sector.
Fleet Management Market Summary
Study Period
2024-2030Base Year
2023CAGR
X%Largest Market
Asia-PacificFastest Growing Market
Asia-PacificFleet Management Market Dynamics
By optimizing routing, maintaining vehicle security, promoting driver safety, and improving fleet vehicle performance and life cycle, fleet management solutions help fleet owners improve profit. Every industry strives for maximal output at the lowest possible cost. Fleet costs account for a significant amount of a company's operational expenses for fleet management. It also aids in the visualization of fleet performance and the identification of which drivers or cost-cutting categories should be prioritized for development.
Asia-Pacific Got Significant Share
Fleet Management Market Regional Analysis
By region, the Asia Pacific market is expected to witness the highest market share during the forecast period owing to the increased need for fleet management and vehicle tracking solutions in terms of the use of new technology across many sectors, the region is undergoing rapid transformation. The region's untapped market strength, increased awareness about driver safety and accident avoidance, future laws to promote road safety, and expansion in the transportation and logistics industries are all driving the fleet management market in Asia Pacific.
Latin America
Europe
Asia Pacific
Middle East
North America
Fleet Management Market Segmentation
By Component
By Application
- Fleet Type
- Deployment Type
By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa.
Frequently Asked Questions
The Fleet Management Market is projected to expand at a CAGR of X% during the forecast period.
The major players in the global Fleet Management Market are Cisco Systems, Inc., Digital Matter, Embitel, Geotab Inc., GoGPS, Rand McNally, TomTom N.V., Trakm8 Limited, Trimble Inc., WebEye Telematics Group, Wireless Links and Zebra Technologies Corp
Asia-Pacific is the fastest-growing region for Fleet Management Market
Key Features of the Report
- The fleet management market report provides granular level information about the market size, regional market share, historic market (2019-2023) and forecast (2024-2030)
- The report covers in-detail insights about the competitor's overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments, and start-up details that are actively working in the market
- The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
| 1. Executive Summary |
| 2. Global Fleet Management Market Introduction |
| 2.1. Global Fleet Management Market - Taxonomy |
| 2.2. Global Fleet Management Market -Definitions |
| 2.2.1. Component |
| 2.2.2. Deployment Type |
| 2.2.3. Fleet Type |
| 3. Global Fleet Management Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Fleet Management Market Dynamic Factors - Impact Analysis |
| 3.6. Global Fleet Management Market - Competition Landscape |
| 3.7. Epidemiology |
| 4. Global Fleet Management Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Fleet Management Market, By Component, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.1. Solutions |
| 5.1.1. Operation Management |
| 5.1.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.1.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.1.3. Market Opportunity Analysis |
| 5.1.2. Vehicle maintenance and diagnostics |
| 5.1.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.1.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.2.3. Market Opportunity Analysis |
| 5.1.3. Performance management |
| 5.1.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.1.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3.3. Market Opportunity Analysis |
| 5.1.4. Fleet analytics and reporting |
| 5.1.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.1.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.4.3. Market Opportunity Analysis |
| 5.1.5. Others |
| 5.1.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.1.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.5.3. Market Opportunity Analysis |
| 5.2. Services |
| 5.2.1. Professional services |
| 5.2.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.2.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.1.3. Market Opportunity Analysis |
| 5.2.2. Managed services |
| 5.2.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.2.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.2.3. Market Opportunity Analysis |
| 6. Global Fleet Management Market Forecast, By Deployment Type, 2019 - 2023 and Forecast, 2021 - 2027 (Revenue, USD Mn) |
| 6.1. On-Premises |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Cloud |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 7. Global Fleet Management Market, By Fleet Type, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.1. Commercial Fleet |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Light commercial vehicle |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Medium and heavy commercial vehicles |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Passenger cars |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Internal combustion engine |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Electric vehicles |
| 7.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.6.3. Market Opportunity Analysis |
| 8. Global Fleet Management Market Forecast, By Region, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia-Pacific |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Latin America |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Middle East and Africa |
| 8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 8.6. Global Fleet Management Market - Opportunity Analysis Index, By Component, Deployment Type, Fleet Type and Region, 2024 - 2030 |
| 9. North America Fleet Management Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 9.1. By Component Analysis 2019 - 2023 and Forecast 2024 - 2030by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Solutions |
| 9.1.1.1. Operation Management |
| 9.1.1.2. Vehicle maintenance and diagnostics |
| 9.1.1.3. Performance management |
| 9.1.1.4. Fleet analytics and reporting |
| 9.1.1.5. Others |
| 9.1.2. Services |
| 9.1.2.1. Professional services |
| 9.1.2.2. Managed services |
| 9.2. Deployment Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 9.2.1. On-Premises |
| 9.2.2. Cloud |
| 9.3. Fleet Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 9.3.1. Commercial Fleet |
| 9.3.2. Light commercial vehicle |
| 9.3.3. Medium and heavy commercial vehicles |
| 9.3.4. Passenger cars |
| 9.3.5. Internal combustion engine |
| 9.3.6. Electric vehicles |
| 9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.4.1. USA |
| 9.4.2. Canada |
| 9.5. North America Fleet Management Market - Opportunity Analysis Index, By Component, Deployment Type, Fleet Type, and Country, 2024 - 2030 |
| 9.6. North America Fleet Management Market Dynamics - Trends |
| 10. Europe Fleet Management Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 10.1. By Component Analysis 2019 - 2023 and Forecast 2024 - 2030by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Solutions |
| 10.1.1.1. Operation Management |
| 10.1.1.2. Vehicle maintenance and diagnostics |
| 10.1.1.3. Performance management |
| 10.1.1.4. Fleet analytics and reporting |
| 10.1.1.5. Others |
| 10.1.2. Services |
| 10.1.2.1. Professional services |
| 10.1.2.2. Managed services |
| 10.2. Deployment Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.2.1. On-Premises |
| 10.2.2. Cloud |
| 10.3. Fleet Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. Commercial Fleet |
| 10.3.2. Light commercial vehicle |
| 10.3.3. Medium and heavy commercial vehicles |
| 10.3.4. Passenger cars |
| 10.3.5. Internal combustion engine |
| 10.3.6. Electric vehicles |
| 10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.4.1. Germany |
| 10.4.2. UK |
| 10.4.3. France |
| 10.4.4. Spain |
| 10.4.5. Italy |
| 10.4.6. Russia |
| 10.4.7. Poland |
| 10.4.8. Rest of Europe |
| 10.5. Europe Fleet Management Market - Opportunity Analysis Index, By Component, Deployment Type, Fleet Type, and Country, 2024 - 2030 |
| 10.6. Europe Fleet Management Market Dynamics - Trends |
| 11. Asia-Pacific Fleet Management Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 11.1. By Component Analysis 2019 - 2023 and Forecast 2024 - 2030by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Solutions |
| 11.1.1.1. Operation Management |
| 11.1.1.2. Vehicle maintenance and diagnostics |
| 11.1.1.3. Performance management |
| 11.1.1.4. Fleet analytics and reporting |
| 11.1.1.5. Others |
| 11.1.2. Services |
| 11.1.2.1. Professional services |
| 11.1.2.2. Managed services |
| 11.2. Deployment Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.2.1. On-Premises |
| 11.2.2. Cloud |
| 11.3. Fleet Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Commercial Fleet |
| 11.3.2. Light commercial vehicle |
| 11.3.3. Medium and heavy commercial vehicles |
| 11.3.4. Passenger cars |
| 11.3.5. Internal combustion engine |
| 11.3.6. Electric vehicles |
| 11.4. Country Analysis2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.4.1. Japan |
| 11.4.2. China |
| 11.4.3. India |
| 11.4.4. ASEAN |
| 11.4.5. Australia & New Zealand |
| 11.4.6. Rest of Asia-Pacific |
| 11.5. Asia-Pacific Fleet Management Market - Opportunity Analysis Index, By Component, Deployment Type, Fleet Type, and Country, 2024 - 2030 |
| 11.6. Asia-Pacific Fleet Management Market Dynamics - Trends |
| 12. Latin America Fleet Management Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 12.1. By Component Analysis 2019 - 2023 and Forecast 2024 - 2030by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Solutions |
| 12.1.1.1. Operation Management |
| 12.1.1.2. Vehicle maintenance and diagnostics |
| 12.1.1.3. Performance management |
| 12.1.1.4. Fleet analytics and reporting |
| 12.1.1.5. Others |
| 12.1.2. Services |
| 12.1.2.1. Professional services |
| 12.1.2.2. Managed services |
| 12.2. Deployment Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.2.1. On-Premises |
| 12.2.2. Cloud |
| 12.3. Fleet Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Commercial Fleet |
| 12.3.2. Light commercial vehicle |
| 12.3.3. Medium and heavy commercial vehicles |
| 12.3.4. Passenger cars |
| 12.3.5. Internal combustion engine |
| 12.3.6. Electric vehicles |
| 12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.4.1. Brazil |
| 12.4.2. Mexico |
| 12.4.3. Argentina |
| 12.4.4. Rest of Latin America |
| 12.5. Latin America Fleet Management Market - Opportunity Analysis Index, By Component, Deployment Type, Fleet Type, and Country, 2024 - 2030 |
| 12.6. Latin America Fleet Management Market Dynamics - Trends |
| 13. Middle East and Africa Fleet Management Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 13.1. By Component Analysis 2019 - 2023 and Forecast 2024 - 2030by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1. Solutions |
| 13.1.1.1. Operation Management |
| 13.1.1.2. Vehicle maintenance and diagnostics |
| 13.1.1.3. Performance management |
| 13.1.1.4. Fleet analytics and reporting |
| 13.1.1.5. Others |
| 13.1.2. Services |
| 13.1.2.1. Professional services |
| 13.1.2.2. Managed services |
| 13.2. Deployment Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.2.1. On-Premises |
| 13.2.2. Cloud |
| 13.3. Fleet Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.3.1. Commercial Fleet |
| 13.3.2. Light commercial vehicle |
| 13.3.3. Medium and heavy commercial vehicles |
| 13.3.4. Passenger cars |
| 13.3.5. Internal combustion engine |
| 13.3.6. Electric vehicles |
| 13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 13.4.1. Gulf Cooperation Council (GCC) Countries |
| 13.4.2. Israel |
| 13.4.3. South Africa |
| 13.4.4. Rest of MEA |
| 13.5. MEA Fleet Management Market - Opportunity Analysis Index, By Component, Deployment Type, Fleet Type, and Country, 2024 - 2030 |
| 13.6. MEA Fleet Management Market Dynamics - Trends |
| 14. Competition Landscape |
| 14.1. Strategic Dashboard of Top Market Players |
| 14.2. Company Profiles (Introduction, Financial Analysis, Deployment Type& Service Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 14.2.1. Cisco Systems, Inc. |
| 14.2.2. Digital Matter |
| 14.2.3. Embitel |
| 14.2.4. Geotab Inc. |
| 14.2.5. GoGPS |
| 14.2.6. Rand McNally |
| 14.2.7. TomTom N.V. |
| 14.2.8. Trakm8 Limited |
| 14.2.9. Trimble Inc. |
| 14.2.10. WebEye Telematics Group |
| 14.2.11. Wireless Links |
| 14.2.12. Zebra Technologies Corp. |
| 15. Research Methodology |
| 16. Key Assumptions and Acronyms |
- Cisco Systems, Inc.
- Digital Matter
- Embitel
- Geotab Inc.
- GoGPS
- Rand McNally
- TomTom N.V.
- Trakm8 Limited
- Trimble Inc.
- WebEye Telematics Group
- Wireless Links
- Zebra Technologies Corp