PUBLISHER: TechNavio | PRODUCT CODE: 1544443
PUBLISHER: TechNavio | PRODUCT CODE: 1544443
The commercial vehicle fleet management system market is forecasted to grow by USD 7.4 bn during 2023-2028, accelerating at a CAGR of 7.03% during the forecast period. The report on the commercial vehicle fleet management system market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by high-cost pressure on fleet operators, integration of video-based safety system to improve driver behavior, and growing focus on efficient use of data to enhance fleet management.
Technavio's commercial vehicle fleet management system market is segmented as below:
Market Scope | |
---|---|
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 6.56% |
CAGR | 7.03% |
Incremental Value | $7.4 bn |
By Product
By Geographical Landscape
This study identifies the growing popularity of 360-degree fleet management system (FMS) as one of the prime reasons driving the commercial vehicle fleet management system market growth during the next few years. Also, collaboration of OEMs and tier-1 suppliers for pre-installed telematics services and advanced analytics usage on telematics data to reduce risk severity will lead to sizable demand in the market.
The report on the commercial vehicle fleet management system market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading commercial vehicle fleet management system market vendors that include AT and T Inc., Azuga Inc., Continental AG, Faststream Technologies, Fleetx Technologies Pvt. Ltd., Garmin Ltd., Geotab Inc., Jaama Ltd., Masternaut Ltd., Microlise Group PLC, Numadic Ltd., Omnitracs LLC, Rolta India Ltd., TomTom NV, Trimble Inc., TUV SUD AG, VAMO Systems Pvt. Ltd., and Verizon Communications Inc.. Also, the commercial vehicle fleet management system market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
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