The global transportation and fleet management solutions market is anticipated to grow at a significant CAGR of 16.3% during the forecast period. The push towards EVs as a sustainable transportation solution led to the integration of EVs into fleet operations. Fleet management solutions are being adapted to support the unique needs of EVs, including charging infrastructure management. Additionally, policymakers are launching zero-emission vehicle programs and setting emissions reduction targets that directly impact commercial fleets across a number of industries. Subsequently, growing social and investor demands for more sustainable operations are influencing leaders to progress toward fleet electrification.
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For instance, in April 2023, Samsara Inc., the pioneer of the connected operations cloud, revealed the sustainable fleet management solution. This expansion of Samsara’s current fuel efficiency and EVsofferings is designed to empower customerswith additional data-driven insights that helped to reduce emissions, accelerate electrification, and achieve sustainability goals. Furthermore, some companies are shifting from vehicle ownership to mobility services, such as ride-sharing and vehicle-sharing platforms. Fleet management solutions enable efficient management of these shared vehicles and services. Hence, there has been a rapid innovation in battery electric power systems and data intelligence for e-mobility applications.
For instance, in June 2023, ZEVX, Inc., a global provider in intelligent EV systems, launched theOpenZEVX, a SaaS fleet management system designed for battery electric powertrains and e-mobility solutions.OpenZEVX empowered fleet managers to optimize commercial EV powertrains and charge systems to improve EV performance, range and driver safety.
In addition, the advancement of technologies such as telematics and AI facilitated the adoption of more sophisticated fleet management solutions. These technologies allowed for real-time tracking, data-driven decision-making, and predictive maintenance.Therefore, the manufacturers specifically created next-generation suite of fleet management tools for the commercial fleet operations to cater the demand for fleet solutions. For instance, In August 2022, AT&T Inc., launched the next-generation suite of fleet management tools built to empower commercial fleet operations with AI-powered video telematics, automated ELD tools and a robust catalog of tracking solutions.
Global Transportation and Fleet Management Solutions Market Report Segment
By Deployment Type
- On-premise
- On-Demand
- Hybrid
By Solution Type
- Asset Management
- Driver Management
- Safety and Compliance Management
- Information Management
- Operations Management
- Other Solutions (Risk Management)
By End-User
- Transportation
- Health and Pharmaceuticals
- Energy
- Construction
- Manufacturing
- Others (Mining, Utilities)
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Company Profiles
- Astrata Group
- Azuga holdings Inc.
- Chevin Fleet Solutions
- Ctrack (Inseego Corp.)
- Donlen Corporation By Hertz Holdings
- Fleetable (Affable Web Solutions Company)
- Geotab Inc.
- Go Fleet Inc.
- D. Systems
- KeepTrucking Inc.
- Mix Telematics Ltd.,
- Octo Group SpA
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