DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Fleet Management Solutions Market - Trends and Forecasts (2015-2020)" report to their offering.
The Fleet Management Solutions Market was projected at USD 3.21 billion in 2015, and is expected to reach USD 9 billion by 2020, with a CAGR value of 22.88%.
Increased demand for operational streamlining, greater access to connectivity and plunging hardware costs are expected to drive the growth of this market. The general market outlook is optimistic due to increased demand for fleet solutions, growing service sector and incremental innovations in technology. Suppliers comprise of original equipment manufacturers and after-market suppliers. Although fleet management services have been around for over three decades, they are yet penetrate the market due to several mitigating factors. These factors include lack of awareness among small fleet owners while large fleet owners face bureaucratic hurdles for gaining approval.
Fleet management solutions are increasingly being deployed on the cloud due to several cost and operational advantages. On-premise hosting is an alternative to the cloud model; it is based on local deployment of solutions. Hybrid deployment uses a combination of cloud and on-premise hosting facilities. This market is segmented based on solutions offered for different verticals such as, telematics, asset management, fleet analytics, driver management and other services. Fleet management solutions are used across various business verticals like manufacturing, transportation, government, energy utilities and others.
North America leads the market for fleet management solutions. It was worth USD 1.18 billion in 2015, and is expected to retain high growth during 2015-2020.
- OMNITRACS INC.
- TOMTOM TELEMATICS
- TELETRAC NAVMAN
- ARVENTO MOBILE SYSTEMS
- WIRELESS MATRIX
- TELULAR CORP
- ID SYSTEMS
- MIX TELEMATIC
- ASTRATA GROUP
Key Topics Covered:
2. RESEARCH APPROACH AND METHODOLOGY
3. KEY FINDINGS
4. EXECUTIVE SUMMARY
5. MARKET OVERVIEW
6. MARKET DYNAMICS
7. GLOBAL FLEET MANAGEMENT SOLUTIONS MARKET SEGMENTATION
8. COMPETITIVE ANALYSIS - COMPANY PROFILES
9. INVESTMENT ANALYSIS
10. OPPORTUNITIES IN GLOBAL FLEET MANAGEMENT SOLUTIONS MARKET
11. FUTURE OF GLOBAL FLEET MANAGEMENT SOLUTIONS MARKET
For more information about this report visit http://www.researchandmarkets.com/research/gwjpl5/global_fleet