Asia Pacific Blood Glucose Test Strip Packaging Market Research Repor Fleet Management Market040319

Global Fleet Management Market Expected to Expand at 22% CAGR over 2022
Global Fleet Management Market Poised to Grow Significantly During the Forecast Period
According to Market Research Future (MRFR)’s study, the global fleet management market is projected
to expand at a CAGR of 22% during the forecast period. Fleet management is extensively used in verticals
such as oil and gas, mining, chemicals, construction, utilities, retail and logistics, public and private
transport, and waste management among others. It facilitates risk management, vehicle tracking, fuel
management, accident management, telematics, etc. The growth of the end-user verticals is likely to drive
the growth of the market over the assessment period.
The rising demand for transport and logistics is expected to drive the growth of the fleet management
market in the forthcoming years. In addition, the developments and advancements in sensor technology,
Internet of Things, etc. are poised to boost the growth trajectory of the market over the next couple of
years.
Fleet management facilitates cost-efficiency, performance enhancement, and fuel-efficiency. It is likely to
attract more organizations towards the deployment of fleet management services. Furthermore, the
flexibility of hybrid, on-premise and cloud deployment is expected to favor the expansion of the fleet
management market over the next couple of years.
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Market Segmentation:
By deployment type, the global fleet management market has been segmented into cloud, on-premises,
and hybrid.
By management type, the fleet management market has been segmented into driver management, asset
management, and operation management.
By Connectivity Type, the global fleet management market has been segmented into satellite navigation
and cellular system.
By services managed services, the fleet management market has been segmented into integration and
deployment services, and professional services.
Regional Analysis:
The global fleet management market, by region, has been segmented into North America, Europe, Asia
Pacific, and the Rest of the World (RoW). North America and Europe are two important revenue pockets
expected to dominate the growth trajectory of the global market. The deployment of technological
innovations is poised to catapult the regional fleet management market on an upward trajectory.
Furthermore, stringent emission norms are anticipated to favor the expansion of the market in the
foreseeable future.
Asia Pacific has been estimated to emerge as the fastest growing region in the global fleet management
market. The developmental opportunities of China and India are prognosticated to expedite the growth
of the market in the upcoming years. In addition, the region has been witnessing widespread adoption of