Global Fleet Management Software Market by Cover Page

Fleet Management Software Market by Fleet Types (Commercial Fleet and Passenger Cars), Components (Solution [Vehicle Maintenance & Diagnostics, Fleet Analytics & Reporting, Performance Management {Fuel Management and Driver Management}, Operation Management {Routing & Scheduling and Fleet Tracking & Geo-fencing}, and Others] and Services), Deployments (Cloud-based and On-premises), End-users (Manufacturing, Oil & Gas, Transportation & Logistics, Construction, Chemical, Energy & Utilities, Retail, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2022 – 2030

  • Report ID: ICT-SE-4279
  • Author: Growth Market Reports
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  • No. Of Pages: 155
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The global fleet management software market size was valued at USD 18.1 billion in 2021 and is expected to surpass USD 68.5 billion by 2030, expanding at a CAGR of 17.9% during the forecast period, 2022–2030. The growth of the market is attributed to the rapid expansion of industries, increasing volume of global trade, and rising integration of advanced technology in the logistics industry.


Global Fleet Management Software Market by Summary


A fleet management software provides a series of solutions and services that help fleet managers in executing effective and better management in fleet operation and performance. It allows fleet managers to gain real-time visibility of the overall operation of their transport vehicles and make better decisions ranging from dispatch and routing to vehicle acquisition and disposal. Some of the most popular fleet software solutions include fleet Complete software, all-in-one GPS fleet, and GPS fleet tracking, which enable a fleet manager to conduct real-time monitoring, vehicle tracking, and route maintenance for safe delivery of drivers. Through the help of the software, a manager can get better insights into the coordination of cargo or vehicle movements, improving the course of transport, and safe delivery of the targeted products. As a result, the overall operation of a fleet service can be effectively handled to ensure proper compliance with government regulations and operation cost reduction.

The COVID-19 pandemic outbreak has adversely affected the fleet management software market due to the massive curtail in the transportation service and sharp decline of global trade, impacted by emergency lockdowns worldwide. The pandemic had shattered the transport and logistics industry due to movement restrictions and the prolonged shutdown of manufacturing units across industries. As per global reports, the fleet management market had plummeted to -0.5% of the total sale in 2020 as compared to the previous year as the demand for the service had declined significantly.

Market Trends, Drivers, Restraints, and Opportunities

  • Rising cross-border trade and massive flow of global trade volume due to the expansion of industries are key factors driving the market.
  • Increasing need for an effective transport system and robust logistics components such as fleet telematics to ensure safe and timely delivery of goods including raw materials present another key driver of the market.
  • High adoption of cloud-based data storage by fleet management service providers to ensure the safe operation of the entire transport operations is expected to boost the market in the coming years.
  • Rapid growth in e-commerce platforms has demanded effective logistic services, which is projected to fuel the market during the forecast period.
  • High cost of software installation and frequent upgrades of the software to enable better operation management are major challenges to the market.
  • Wide integration of advanced technologies and tools such as Artificial Intelligence (AI), Machine Learning (ML), big data, and Internet of Things (IoT) in fleet management solutions are creating immense opportunities for the market.

Scope of the Report

The report on the global fleet management software market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Fleet Management Software Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2021

Historic Data

2019–2020

Forecast Period

2022–2030

Segmentation

Fleet Types (Commercial Fleet and Passenger Cars), Components (Solution [Vehicle Maintenance & Diagnostics, Fleet Analytics & Reporting, Performance Management {Fuel Management and Driver Management}, Operation Management {Routing & Scheduling and Fleet Tracking & Geo-fencing}, and Others] and Services), Deployments (Cloud-based and On-premises), and End-users (Manufacturing, Oil & Gas, Transportation & Logistics, Construction, Chemical, Energy & Utilities, Retail, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Verizon Connect; Geotab, Inc.; GPSTrackit; Omnitracs LLC; Trimble, Inc.; AT&T, Inc.; Telogis; Zonar Systems; MiX Telematics; and Workwave LLC.

 

Market Segment Insights

Commercial segment to expand at a robust growth rate

Based on fleet types, the global fleet management software market is bifurcated into commercial fleet and passenger cars. The commercial fleet segment is expected to expand at a robust growth rate during the forecast period owing to the rising need for massive use of commercial vehicles for transportation of goods or cargo, impacted by the increasing volume of cross-border trade worldwide. The software is widely used in a commercial fleet system to ensure a proper flow of the supply chain and deliver raw materials on time to industries to avoid any disruption in manufacturing processes.


Global Fleet Management Software Market by Fleet Types

Solution segment to account for a large market share

In terms of components, the market is divided into solution and services. The solution segment is further segmented into vehicle maintenance & diagnostics, fleet analytics & reporting, performance management, operation management, and others. The performance management segment is further bifurcated into fuel management and driver management while the operation management segment is sub-divided into routing & scheduling and fleet tracking & geo-fencing. The solution segment is anticipated to account for a major market share during the forecast period owing to rising demand for various advanced solutions from industries and the wide requirement of key components to ensure better performance and effective operations of fleets.

Availability of low-cost cloud platforms fuels the cloud-based segment

Based on deployments, the global fleet management software market is bifurcated into cloud-based and on-premises.  The cloud-based segment is a fast-growing sector and is anticipated to expand at a rapid growth rate during the forecast period due to the wide adoption of cloud computing platforms by industries, especially the logistics industry for safety storage of operation data related to vehicle tracking and other fleet management. Furthermore, factors such as easy accessibility to the platforms and availability of low-cost cloud computing platforms present another key driver of the segment.

Integration of innovative technology boosts the transportation & logistics segment

On the basis of end-users, the market is segregated into manufacturing, oil & gas, transportation & logistics, construction, chemical, energy & utilities, retail, and others. The transportation & logistics segment accounted for a major market share in 2021, representing over 55% share of the global market revenue, and is projected to register a considerable CAGR during the forecast period. The segment growth is attributed to the rising expansion of the transportation and logistics industry as well as the wide integration of innovative technology such as AI and ML in the logistics industry to ensure a better and safer transport system for industries.


Global Fleet Management Software Market by End-users

North America to dominate the market

In terms of regions, the global fleet management software market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America held a dominant market share in 2021, representing more than 37% share of the total revenue and the market trend is expected to continue during the projected period. Early adoption of advanced software for effective fleet management and increasing deployment of real-time vehicle tracking solutions by several industries are key factors boosting the market in the region. Moreover, the presence of key global vendors supplying a huge range of commercial vehicle fleets to industries presents another key driver of the regional market.
 


Global Fleet Management Software Market by Regions 

Segments

The global fleet management software market has been segmented on the basis of

Fleet Types

  • Commercial Fleet
  • Passenger Cars

Components

  • Solution
    • Vehicle Maintenance & Diagnostics
    • Fleet Analytics & Reporting
    • Performance Management
      • Fuel Management
      • Driver Management
    • Operation Management
      • Routing & Scheduling
      • Fleet Tracking & Geo-fencing
    • Others
  • Services

Deployments

  • Cloud-based
  • On-premises

End-users

  • Manufacturing
  • Oil & Gas
  • Transportation & Logistics
  • Construction
  • Chemical
  • Energy & Utilities
  • Retail
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Verizon Connect
  • Geotab, Inc.
  • GPSTrackit
  • Omnitracs LLC
  • Trimble, Inc.
  • AT&T, Inc.
  • Telogis
  • Zonar Systems
  • MiX Telematics
  • Workwave LLC

Competitive Landscape

Key players competing in the global fleet management software market are Verizon Connect; Geotab, Inc.; GPSTrackit; Omnitracs LLC; Trimble, Inc.; AT&T, Inc.; Telogis; Zonar Systems; MiX Telematics; and Workwave LLC. Some of these players have adopted a range of business development strategies including merger and acquisition, entering into partnerships and collaboration, developing innovative software technology, and massive investment in R&D programs to expand their consumer base and enhance their market share.

Global Fleet Management Software Market by Key Players 

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Fleet Management Software Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Fleet Management Software Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Fleet Management Software Market - Supply Chain
  4.5. Global Fleet Management Software Market Forecast
     4.5.1. Fleet Management Software Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Fleet Management Software Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Fleet Management Software Market Absolute $ Opportunity
5. Global Fleet Management Software Market Analysis and Forecast by End Users
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by End Users
     5.2.2. Y-o-Y Growth Projections by End Users
  5.3. Fleet Management Software Market Size and Volume Forecast by End Users
     5.3.1. Manufacturing
     5.3.2. Oil & Gas
     5.3.3. Transportation & Logistics
     5.3.4. Construction
     5.3.5. Chemical
     5.3.6. Energy & Utilities
     5.3.7. Retail
     5.3.8. Others
  5.4. Absolute $ Opportunity Assessment by End Users
  5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Fleet Management Software Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Fleet Management Software Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Fleet Management Software Demand Share Forecast, 2019-2026
7. North America Fleet Management Software Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Fleet Management Software Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Fleet Management Software Market Size and Volume Forecast by End Users
     7.4.1. Manufacturing
     7.4.2. Oil & Gas
     7.4.3. Transportation & Logistics
     7.4.4. Construction
     7.4.5. Chemical
     7.4.6. Energy & Utilities
     7.4.7. Retail
     7.4.8. Others
  7.5. Basis Point Share (BPS) Analysis by End Users
  7.6. Y-o-Y Growth Projections by End Users
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Fleet Management Software Demand Share Forecast, 2019-2026
8. Latin America Fleet Management Software Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Fleet Management Software Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Fleet Management Software Market Size and Volume Forecast by End Users
     8.4.1. Manufacturing
     8.4.2. Oil & Gas
     8.4.3. Transportation & Logistics
     8.4.4. Construction
     8.4.5. Chemical
     8.4.6. Energy & Utilities
     8.4.7. Retail
     8.4.8. Others
  8.5. Basis Point Share (BPS) Analysis by End Users
  8.6. Y-o-Y Growth Projections by End Users
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Fleet Management Software Demand Share Forecast, 2019-2026
9. Europe Fleet Management Software Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Fleet Management Software Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Fleet Management Software Market Size and Volume Forecast by End Users
     9.4.1. Manufacturing
     9.4.2. Oil & Gas
     9.4.3. Transportation & Logistics
     9.4.4. Construction
     9.4.5. Chemical
     9.4.6. Energy & Utilities
     9.4.7. Retail
     9.4.8. Others
  9.5. Basis Point Share (BPS) Analysis by End Users
  9.6. Y-o-Y Growth Projections by End Users
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Fleet Management Software Demand Share Forecast, 2019-2026
10. Asia Pacific Fleet Management Software Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Fleet Management Software Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Fleet Management Software Market Size and Volume Forecast by End Users
     10.4.1. Manufacturing
     10.4.2. Oil & Gas
     10.4.3. Transportation & Logistics
     10.4.4. Construction
     10.4.5. Chemical
     10.4.6. Energy & Utilities
     10.4.7. Retail
     10.4.8. Others
  10.5. Basis Point Share (BPS) Analysis by End Users
  10.6. Y-o-Y Growth Projections by End Users
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Fleet Management Software Demand Share Forecast, 2019-2026
11. Middle East & Africa Fleet Management Software Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Fleet Management Software Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Fleet Management Software Market Size and Volume Forecast by End Users
     11.4.1. Manufacturing
     11.4.2. Oil & Gas
     11.4.3. Transportation & Logistics
     11.4.4. Construction
     11.4.5. Chemical
     11.4.6. Energy & Utilities
     11.4.7. Retail
     11.4.8. Others
  11.5. Basis Point Share (BPS) Analysis by End Users
  11.6. Y-o-Y Growth Projections by End Users
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Fleet Management Software Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Fleet Management Software Market: Market Share Analysis
  12.2. Fleet Management Software Distributors and Customers
  12.3. Fleet Management Software Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Verizon Connect
     12.4.2. Geotab, Inc.
     12.4.3. GPSTrackit
     12.4.4. Omnitracs LLC
     12.4.5. Trimble, Inc.
     12.4.6. AT&T, Inc.
     12.4.7. Telogis
     12.4.8. Zonar Systems

The global fleet management software market has been segmented on the basis of

Fleet Types

  • Commercial Fleet
  • Passenger Cars

Components

  • Solution
    • Vehicle Maintenance & Diagnostics
    • Fleet Analytics & Reporting
    • Performance Management
      • Fuel Management
      • Driver Management
    • Operation Management
      • Routing & Scheduling
      • Fleet Tracking & Geo-fencing
    • Others
  • Services

Deployments

  • Cloud-based
  • On-premises

End-users

  • Manufacturing
  • Oil & Gas
  • Transportation & Logistics
  • Construction
  • Chemical
  • Energy & Utilities
  • Retail
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Verizon Connect
  • Geotab, Inc.
  • GPSTrackit
  • Omnitracs LLC
  • Trimble, Inc.
  • AT&T, Inc.
  • Telogis
  • Zonar Systems
  • MiX Telematics
  • Workwave LLC

Key players competing in the global fleet management software market are Verizon Connect; Geotab, Inc.; GPSTrackit; Omnitracs LLC; Trimble, Inc.; AT&T, Inc.; Telogis; Zonar Systems; MiX Telematics; and Workwave LLC. Some of these players have adopted a range of business development strategies including merger and acquisition, entering into partnerships and collaboration, developing innovative software technology, and massive investment in R&D programs to expand their consumer base and enhance their market share.

Global Fleet Management Software Market by Key Players 

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FAQ Section

Some frequently asked quetions about this report!

The global fleet management software market size was valued at USD 18.1 billion in 2021 and is expected to surpass USD 68.5 billion by 2030.

The transportation & logistics segment accounted for a major market share in 2021, representing over 55% share of the global market revenue and is projected to register a considerable CAGR during the forecast period.

The key drivers of the market include the rapid expansion of industries, increasing volume of global trade, and rising integration of advanced technology in the logistics industry.

North America held a dominant market share in 2021 and the trend is expected to continue during the projected period.

The key players of the market are Verizon Connect; Geotab, Inc.; GPSTrackit; Omnitracs LLC; Trimble, Inc.; AT&T, Inc.; Telogis; Zonar Systems; MiX Telematics; and Workwave LLC.