The global fleet management market size is expected to grow from $19.9 billion in 2020 to $34 billion in 2025 with an average annual growth rate (CAGR) of 11% over the forecast period. The growth of the market can be attributed to the cost advantages of deploying software-as-a-service (SaaS) and cloud-based fleet management solutions. Key factors driving the growth of the fleet management market include increasing government regulations and the need to optimize fleet operating costs. Other factors supporting the market growth include reduced hardware and software costs and increased demand for operational efficiency among vehicle owners.
A full report of Fleet Management Market is available at: https://www.orionmarketreports.com/fleet-management-market/23882/
Segments covered under the Fleet Management Market report are as below:
By Component
• Commercial Fleets
• Passenger Cars
By Solutions
• Operations Management
• Performance Management
• Vehicle Maintenance and Diagnostics
• Fleet Analytics and Reporting
• Others (crash management and toll management)
By Services
• Professional Services
• Managed Services
By Fleet Type
• Commercial Fleets
• Passenger Cars
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
