NEW YORK, Oct. 12, 2021 /PRNewswire/ --
The fleet management market size is set to grow by USD 42.35 billion from 2021 to 2025. However, the market is expected to decelerate at a CAGR of 18.78%, according to the latest report by Technavio.
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The market is fragmented, and the degree of fragmentation will decelerate during the forecast period. AT and T Inc., Azuga Inc., Donlen Corp., MiX Telematics International (Pty) Ltd., NexTraq LLC, Omnitracs LLC, Samsara Inc., TomTom International BV, Trimble Inc., and Verizon Communications Inc. are some of the major market participants. The growing need for operational efficiency, growing demand for utility vehicles, and growing incorporation of electronic vehicles in the company fleet will offer immense growth opportunities. However, factors such as Issues in GPS connectivity may threaten the growth of the market.
Fleet Management Market 2021-2025: Segmentation
Offerings
Geography
Fleet Management Market 2021-2025: Vendor Analysis and Scope
To help businesses improve their market position, Technavio's report provides a detailed analysis of around 25 vendors operating in the market. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments.
The report also covers the following areas:
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Fleet Management Market 2021-2025: Key Highlights
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Fleet Management Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Decelerate at a CAGR of 18.78% |
Market growth 2021-2025 |
USD 42.35 billion |
Market structure |
Fragmented |
YoY growth (%) |
18.20 |
Regional analysis |
North America, Europe, APAC, South America, and MEA |
Performing market contribution |
North America at 31% |
Key consumer countries |
US, China, Germany, UK, and Japan |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
AT and T Inc., Azuga Inc., Donlen Corp., MiX Telematics International (Pty) Ltd., NexTraq LLC, Omnitracs LLC, Samsara Inc., TomTom International BV, Trimble Inc., and Verizon Communications Inc. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period, |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
You can download our report sample to unlock information on the upcoming market insights that will have a far-reaching effect on your business growth.
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
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Website: www.technavio.com/
SOURCE Technavio
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