DUBLIN—Research and Markets has announced the addition of the "Global Fleet Management Market Insights, Opportunity Analysis, Market Shares and Forecast, 2016 - 2022" report to their offering.

The fleet management solutions market was projected at USD 7.71 billion in 2015, and is expected to reach USD 34.56 billion by 2022, with a CAGR value of 23.90%.

Key drivers for the market are advantages of automated scheduling and reminders rise in fuel cost, increase in pollution issues, connectivity costs, high demand for operational effectiveness and declining management system components. Fleet management has many benefits such as maintenance planning, vehicle routine measure, driver safety, scheduling of fleet appropriate transmitting which lead to cost effective operations for the fleet owners, fleet security and consumer satisfaction.

However, challenges are driver's security matters, fleet data integration to current software systems, compliance standards, lesser integrity of data, and higher productivity hopes can turn into restraints if not provided to at the right time. These challenges can be overcome by proper approach of management, coaching, engaging working people and understanding of risk.

The fleet management market is segmented by deployment, solution, connectivity technology, service, vertical, and geography. On the basis of deployment market further classified in cloud services, on premises services and hybrid services. On the basis of solution market is segmented into operation management, asset management and driver management.

Some of the major players of the market include AT&T Inc. Fleetmatics Group, ID Systems Inc., Mix Telematic, Telogis, Trimble Navigation Ltd., Verizon Communications, Workwave LLC, Zonar Systems etc.

Innovation and expansion, technology development and technical collaboration are some of the key strategies being adopted by the market players. Companies are adopting such strategy to develop the market and capture the more market share.

Key Topics Covered:

1. Introduction

2. Market Overview

3. Market Determinants

4. Sector Analysis

5. Market Segmentation

6. Geographic Analysis

7. Company Profiles

  • Astrata Group
  • AT&T, Inc.
  • Cisco Systems, Inc.
  • Fleetmatics Group Plc.
  • Geotab
  • I.D. Systems, Inc.
  • Ibm Corporation
  • Mix Telematic
  • Omnitracs Inc.
  • Telogis
  • Telular Corp
  • Trimble Navigation Limited
  • Verizon Communications, Inc.

For more information about this report visit http://www.researchandmarkets.com/research/jrsqzv/global_fleet

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Related Topics: Car Fleet