Fleet Management Market Forecast Report 2020 – 2027 – Top Key Players Analysis

1. Fleet Management market

2. The GMI Research adds new research on the Fleet Management market, a detailed analysis of this business space, including the emerging market trends, competitive landscape, and market size. The report covers various parameters among different segment analysis, the regional growth landscape, and an in-depth study of the industry’s competitive scenario.

3. Key Drivers of the Fleet Management market: The global fleet management market is projected to experience an upsurge in demand over the forecast period due to the growing penetration of wireless technology in fleet management due to its numerous advantages offered, such as large-area coverage, fast response & access among others, and the rising implementation of big data analytics and cloud computing solutions. Additionally, various technological advancements, including the use of artificial intelligence, IoT, and data analytics and the rising adoption of fleet management systems in electric vehicles and medium & heavy commercial vehicles, are some other factors that are responsible for the growth of the fleet management market size during the forecast period.

4. The fleet management system provides numerous remarkable advantages such as decreases the risk associated with the vehicle, improves efficiency, boosts productivity, ensures compliance with legislation, reduces the fuel costs, and enhances customer satisfaction. Furthermore, the increasing concerns related to the fleet safety, stringent government mandates for the development of new revenue streams for the vendors, and the downward trend in the cost of hardware and IoT connectivity will further accelerate the market’s demand. In addition to this, the increasing concerns of the fleet owners for the efficiency of operations and various initiatives of the green fleet in order to reduce the effect on the environment and decrease pollution are some other factors that will surge the demand of the global fleet management market. On the other edge of the spectrum, the increasing incidences of cyber threats and challenges related to the safety of the driver, are likely to hamper the market’s demand.

5. About GMI Research GMI Research is a market research and consulting firm which provides bespoke industry & market research to help businesses in making the toughest business decision. We know the significance of accurate data; that’s why our analyst uses a tailored methodology to study every market in detail because one size doesn’t fit all. We not only cover the traditional well-established market but also focuses on the niche market and markets in the emerging economies, where getting data and information is a challenge. This factor makes us pioneer in emerging market research space. Our syndicate reports cover multiple industries across various regions and countries. Our in-depth market reports help propel your business with all the data, strategic inputs, and competitive intelligence to move ahead even in the most uncertain times. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research look forward to helping businesses stay ahead of the curve.