Fleet Management Solution Market: Industry Insights, Trends and Forecast 2017 – 2025
Global Fleet Management Solutions Market: Snapshot Fleet management is a process or an approach that enables companies to systemize and coordinate work vehicles with the aim to reduce costs, improve efficiency, and provide compliance to government regulations. Solutions such as driver management, vehicle management and operations management are encompassed in the scope of fleet management solutions. The rising adoption of fleet management analytics and a shift towards smaller fleets are some of the reason that are expected to drive the fleet management solution market in the next few years. Obtain Report Details @ http://www.transparencymarketresearch.com/fleet-management-solution-market.html Cloud-based Deployment to Contribute Massive Share in Revenue The market is also expected to benefit from the vast technological advancements recently observed in the field of automatic vehicles. Transparency Market Research estimates that the global fleet management solutions market will exhibit an exponential CAGR of 22.6% during the period between 2017 and 2025, rising from a valuation of US$12.57 bn in 2015 to US$91.94 bn in 2025. On the basis of deployment, the global fleet management solution market is segmented into cloud and on-premise. The cloud-based deployment segment is anticipated to contribute major share in the global fleet management solution market. The on-premise deployment segment is expected to hold a comparatively smaller share of the global fleet management solution market. On the basis of type, the global fleet management solution market has been segmented in the report into vehicle management, driver management, and operations management. Of these, the segment of operations management solutions is expected to hold the dominant share of the global market throughout the forecast period. The segment is expected to be followed by the segment of