DUBLIN--(BUSINESS WIRE)--The "Fleet Management Market by Solution (Operations Management, Information Management, Risk Management, Vehicle Maintenance & Leasing, Safety & Compliance Management), Service, Deployment Type, Fleet Type and Region - Global forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
The fleet management market size is expected to grow from US$13.78 Billion in 2017 to US$28.66 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 15.8%.
The major drivers of the market include the growing need for operational efficiency, resulting in increased demand for fleet management, the adoption of cloud computing in fleets, thereby streamlining the fleet management operations, and declining hardware and connectivity costs, leading to increased deployment of fleet management solutions.
The operations management solution is expected to have the largest market share during the forecast period, owing to much needed functionalities, such as the real time-tracking of vehicle location, geo-fencing, and route optimization, aiding in optimizing fuel usage.
The vehicle maintenance and leasing solution is expected to grow at the highest CAGR during the forecast period because fleets are increasingly opting for leasing to cut down the expenses, and increasing the focus and spending on vehicle maintenance to increase the lifecycle of the vehicles and decrease the vehicle down time.
The professional services segment is expected to have the largest market share during the forecast period, owing to the need of technological consulting, and continuous support and maintenance activities for the deployment of fleet management technologies. Managed services is expected to grow at the highest rate, owing to the increased adoption of outsourced managed services across various fleets.
The cloud deployment type is estimated to have the largest market share during the forecast period as well as expected to grow at the highest rate during the forecast period, owing to the cost-effectiveness, scalability, and real-time accessibility to organizational content.
The passenger cars segment is estimated to hold the largest market share as well as expected to grow at the highest CAGR during the forecast period, owing to its large presence and increased deployment by fleet leasing companies.
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview and Industry Trends
6 Fleet Management Market Analysis, By Type
7 Fleet Management Market Analysis, By Deployment Type
8 Fleet Management Market Analysis, By Fleet Type
9 Geographic Analysis
10 Competitive Landscape
11 Company Profiles
- Donlen Corporation
- Geotab (Canada)
- LeasePlan USA
- Masternaut Limited
- Merchants Fleet Management
- Teletrac Navman
- Verizon Telematics
- Wheels, Inc.
For more information about this report visit https://www.researchandmarkets.com/research/24gctq/global_28_66bn?w=4