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Global Fleet Management System Market Research and Forecast Report 2021-2026

Author: Elena Anderson,

Marketing Manager |

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Global Fleet Management System Market Research Report:

According to the recent report by IMARC Group, titled “Fleet Management System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global fleet management system market reached a strong growth in 2020.

Fleet management (FM) refers to the handling of commercial automobiles, which enables enterprises to track and maintain their vehicles in a quick and cost-effective way. There are three basic components of this system, namely position and material monitoring; equipment assigning and production monitoring; and optimization.

FM systems allow transportation-dependent companies to reduce or eliminate the risks associated with vehicle investment and staff costs. They also assist in financing, vehicle tracking and diagnostics, and fuel management, and provide maximum compliance with government legislation. Due to these advantages, FM systems find applications in a wide range of sectors, such as manufacturing, construction, utilities, retail, and logistics.

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Global Fleet Management System Market Trends :

One of the major factors influencing the growth of the market is the integration of cloud-based software programs and wireless technology in FM systems, along with advancements in 4G and 5G networks. These technologies help in enhancing productivity, covering a wide area for a seamless connection, and offering quick responses.

Moreover, FM solutions are now being utilized for medium- and large-scale fleets to streamline operations. Along with this, the implementation of favorable policies and rising concerns toward the increasing incidences of road accidents are also catalyzing the market growth. For instance, the Government of the United States is assessing the potential of telematics to reduce accidents.

Furthermore, increasing awareness about the efficiency and cost benefits of FM systems is expected to attract more customers. Technological innovations, such as in-vehicle cameras and GPS with telematics compatibility, are further anticipated to create a positive outlook for the market.

Looking forward, the market value is projected to reach a strong growth during the forecast period (2021-2026).

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Market Summary:

Breakup by Component: •Solutions

• Fleet Telematics • Driver Information Management • Vehicle Maintenance • Safety and Compliance Management • Others

•Services • Installation and Integration Services • After-Sales Support Services • Consulting Services

Breakup by Vehicle Type: •Commercial Vehicles •Passenger Cars •Aircrafts •Watercrafts

Breakup by End-Use Sector: •Automotive •Energy & Utilities •Manufacturing •Retail •Transportation and Logistics •Construction •Others

Breakup by Technology: •GNSS •Cellular Systems

Breakup by Deployment Type: •Cloud-based •On-premises •Hybrid

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Breakup by Region: •North America

• United States • Canada

•Asia Pacific • China • Japan • India • South Korea • Australia • Indonesia • Others

•Europe • Germany • France • United Kingdom • Italy • Spain • Russia • Others

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•Latin America • Brazil • Mexico • Argentina • Columbia • Chile • Peru • Others

•Middle East and Africa Turkey •Saudi Arabia •Iran •United Arab Emirates •Others

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Competitive Landscape with Key Players: • AT&T Inc. • Geotab • I.D. Systems • IBM Corporation • Inseego Corporation • Mix Telematics Ltd. • Omnitracs LLC • TomTom N.V. • Trimble Inc. • Verizon Communications • Wheels Inc.

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Partial List of Clients

A partial List of our Clients We are the trusted business partners to the world's leading corporates, governments, and institutions

Partial List of Clients

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© 2019 IMARC All Rights Reserved

This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC).

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