Fleet Management Market is expected to grow from $10.91 billion in 2013

BANDERA, Texas - Aug. 19, 2013 - PRLog -- The increase in the number of vehicles globally with major boom from the emerging economies such as Asia-Pacific indicates the upcoming business opportunities for fleet management solutions. The environmental concerns, CO2 emission reduction norms, and fleet operators’ need for operational efficiencies are expected to serve as major drivers for the fleet management market. The hardware and connectivity costs are decreasing which is again supporting the growth of the adoption of FMS. Cloud-based fleet management software is surpassing the popularity of on-premise software. The major companies who are focusing on the fleet management sector are Accenture, IBM, Motorola Solutions, TomTom, Qualcomm, Masternaut, Trimble Navigation Ltd., Garmin International, Fleetmatics, Pointer Telocation Ltd, Verizon Networkfleet, etc. 

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The report consists of the opportunity analysis of various software and hardware components involved in Fleet Management System (FMS). The report also forecasts the revenue potentials of the various communication technologies and services associated with fleet management. The report speaks about the business opportunities of the fleet management solutions for various types of vehicles comprising the fleets. It explores business potential of fleet management solutions across varied industry verticals such as academia, government and waste management, public transport, utilities, retail, logistics, construction, mining, oil gas and chemicals, service sectors, and others.

The report analyzes market drivers, restraints, and opportunities, along with a study on key players and the competitive outlook. The report also provides key insights into the industry trends, adoption trends, and best practices in this market. The report brings out the fleet management business potential across the different regions such as North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa. It further segments each regional market by system components, connectivity technologies, services, fleet vehicle types, and industry verticals and forecasts the revenue for the various sub-markets.

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1.1 Markets Covered

The fleet management market is segmented on the basis of system components and technologies, services, vehicle types, industry verticals, and regions.

Based on system components and technologies, the fleet management market is segmented into three categories. They are further classified based on their types.

Fleet Analytics Software

This segment includes the software components involved in FMS. Fleet analytics software segment is again sub-divided into two types:

Cloud-based fleet management software
On-premise fleet management software

Vehicle Tracking Devices

This segment includes all the hardware components used in a FMS. The following are the hardware components:

Communication transreceivers
Sensors
RFID tags and readers
Display terminals
Other devices (batteries and power sources, text-to-speech device for driver instruction, driver alarms)

Telematics Technologies

This segment includes the connectivity technologies involved in FMS. The following are the connectivity technologies:

Satellite-GNSS (Global Navigation Satellite System)
Cellular

Based on services, the fleet management market is segmented into the following three categories:

Deployments and customization
Maintenance and support

Based on vehicle types, the fleet management market is segmented into the following seven categories:

Trucks and trailers
Light goods vehicles
Buses and trams
Corporate fleets
Container ships
Commercial and freighter aircrafts
Other vehicles (passenger and goods trains, cruise ships)

Based on industry verticals, the fleet management market is segmented into the following eleven categories:

Academia
Government and waste management
Public transport
Utilities
Retail
Logistics
Construction
Mining
Oil, gas, and chemicals
Service sectors
Other verticals

Based on regions, the fleet management market is segmented into five categories:

North America
Europe
Asia Pacific
Middle East and Africa 
Latin America 

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