How has the fleet management software market evolved, and where is it heading next?
The fleet management software market size has grown rapidly in recent years. It will grow from $24.04 billion in 2024 to $28.24 billion in 2025 at a compound annual growth rate (CAGR) of 17.5%. The growth in the historic period can be attributed to demand for autonomous and electric vehicles (EVs), real-time monitoring, predictive maintenance, the rise of mobility-as-a-service (MaaS), and increasing connectivity.
The fleet management software market size is expected to see rapid growth in the next few years. It will grow to $53.16 billion in 2029 at a compound annual growth rate (CAGR) of 17.1%. The growth in the forecast period can be attributed to the digitization of vehicles, cybersecurity concerns, safety and security, regulatory compliance, and customer expectations. Major trends in the forecast period include global positioning systems, mobile communications, driver monitoring systems, behavior analytics, mobile and cloud-based fleet management solutions, artificial intelligence and machine learning, and IoT technologies.
Get Your Free Sample of The Global Fleet Management Software Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14716&type=smp
What are the key forces behind the fleet management software market’s growth in recent years?
The rapid growth of e-commerce activities is expected to propel the growth of the fleet management software market going forward. E-commerce activities encompass online buying and selling, digital payments, and diverse transaction models, revolutionizing commerce through the Internet. E-commerce activities are growing due to increasing internet penetration, the convenience of online shopping, and evolving consumer preferences for digital transactions. Fleet management software is widely utilized in e-commerce for optimizing delivery operations, enhancing efficiency, and ensuring timely and accurate order fulfillment, thereby improving overall customer satisfaction and driving the growth of online retail. For instance, in February 2024, according to a report published by the U.S. Census Bureau, a division of the United States Department of Commerce, total e-commerce sales in the US reached an estimated $1,118.7 billion in 2023, reflecting a 7.6% increase compared to 2022. E-commerce sales in 2023 accounted for 15.4% of total sales, marking an increase from 14.7% of total sales in 2022. Therefore, the rapid growth in e-commerce activities will drive the growth of the fleet management software market.
What are the major segments of the fleet management software market?
The fleet management software market covered in this report is segmented –
1) By Type: Operations Management, Vehicle Maintenance And Diagnostics, Performance Management, Fleet Analytics And Reporting, Other Types
2) By Deployment: On-premises, Cloud
3) By Fleet Type: Commercial, Passenger Cars
4) By End-Users: Manufacturing, Oil And Gas, Transportation And Logistics, Construction, Chemical, Energy And Utilities, Retail, Other End-Users
Subsegments:
1) By Operations Management: Route Planning And Optimization, Dispatch Management, Driver Scheduling And Monitoring
2) By Vehicle Maintenance And Diagnostics: Preventive Maintenance, Diagnostic Tools And Alerts, Maintenance Scheduling And Reporting
3) By Performance Management: Driver Behavior Monitoring, Fuel Management, Fleet Efficiency Tracking
4) By Fleet Analytics And Reporting: Real-Time Fleet Tracking, Data Analytics And Dashboards, Reporting And Compliance Management
5) By Other Types: Asset Management, Inventory Management, Fleet Safety Management
Order your report now for swift delivery
https://www.thebusinessresearchcompany.com/report/fleet-management-software-global-market-report
Which companies dominate the fleet management software market?
Major companies operating in the fleet management software market are AT&T Inc., Intel Corporation, International Business Machines Corporation, Cisco Systems Inc., ZF Friedrichshafen AG, Oracle Corporation, LeasePlan Corporation N.V., Zebra Technologies Corporation, Garmin Ltd., Trimble Inc., FLEETCOR Technologies Inc., Holman Automotive Inc., Element Fleet Management Corp., Verizon Connect, Geotab Inc., TomTom Telematics BV, Omnitracs LLC, Samsara Inc., Teletrac Navman, Orbcomm, Emkay Inc., Wheels Inc., MiX Telematics Ltd., Lytx Inc., Magellan Navigation Inc., Masternaut Limited, Fleetio, GPS Insight, Avrios, Quartix Ltd
What major trends will shape the fleet management software market during the forecast period?
Major companies operating in the fleet management software market are focused on developing advanced technological solutions, such as GPS (Global Positioning System) fleet tracking and dual-facing dashcam solutions, to enhance vehicle monitoring, optimize fleet efficiency, and improve overall safety and compliance measures. GPS fleet tracking and dual-facing dashcam solutions offer comprehensive tools for fleet management, combining real-time vehicle tracking with video recording capabilities. For instance, in August 2023, Bridgestone Americas, a US-based corporation specializing in the manufacturing and distribution of tires, automotive parts, and industrial products, launched Azuga Fleet Management Solutions on AWS Marketplace, marking its debut product release since joining the AWS Partner Network (APN). With direct access via AWS accounts, fleet customers can conveniently discover, evaluate, purchase, and deploy the software, benefiting from streamlined billing and deployment processes and buyer incentives. This initiative aligns with the ‘Efficiency’, ‘Extension’, and ‘Ease’ values of Bridgestone’s E8 Commitment, aiming to drive effective management practices and earn the trust of future generations.
What are the key regional dynamics of the fleet management software market, and which region leads in market share?
North America was the largest region in the fleet management software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the fleet management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Does The Fleet Management Software Market Report 2025 Offer?
The fleet management software market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Fleet management software refers to computer software that enables the management of various aspects related to a fleet of vehicles operated by organizations. This software helps with tasks ranging from vehicle acquisition to disposal, including vehicle inventory, maintenance, licensing, insurance, cost management, driver management, tracking, incident management, and more.
Purchase the exclusive report now to unlock valuable market insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=14716
About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
