Fleet Management Market Worth $27.90 Billion by 2021 - Fueled by the Need for Global Positioning Systems - Research and Markets

DUBLIN, October 10, 2016 /PRNewswire/ --

Research and Markets has announced the addition of the "Fleet Management Market - Global Forecast to 2021" report to their offering.

The major growth drivers of the market include the regular scheduled maintenance of fleet and the need to meet compliance requirements.

The fleet management market is segmented by solution, connectivity technology, service, deployment model, vertical, and region. The wireless technology segment is expected to grow at the highest CAGR during the forecast period; wireless technology in the connectivity technologies segment is projected to witness the highest demand due to the increased wireless networks and growing demand for tracking fleets.

Operation management solution holds the largest share of the fleet management market in 2016. The growth is fueled by the growing demand for scheduled maintenance of fleets. Along with the largest market share, operation management solution under solution segment of fleet management is also expected to grow at highest CAGR during the forecast period.

Manufacturing holds the largest share of the fleet management market in 2016. The growth is fueled by the need for global positioning systems and tracking requirement of various systems involved in the verticals. The government vertical is expected to grow at the highest CAGR during the forecast period due to compliance to mandates like Global Positioning Systems (GPS) and Electronic Logging Devices (ELD) for vehicles.

Organizations are rapidly deploying fleet management services either on-premises or on cloud. The demand for cloud-based fleet management services is increasing due to the cost-effective and time-efficient features of cloud; its growth is specifically high in enterprises, where low cost solutions are much required.

Companies Mentioned:

• AT&T, Inc.
• Cisco Systems, Inc.
• Fleetmatics Group PLC
• I.D. Systems, Inc.
• IBM Corporation
• Introduction
• Telogis
• Trimble Navigation Limited
• Verizon Communications, Inc.
• Workwave LLC
• Zonar Systems

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Fleet Management Market Overview

6 Industry Trends

7 Fleet Management Market Analysis, By Deployment Type

8 Fleet Management Market Analysis, By Solution

9 Fleet Management Market Analysis, By Connectivity Technology

10 Fleet Management Market Analysis, By Service

11 Fleet Management Market Analysis, By Vertical

12 Geographic Analysis

13 Competitive Landscape

14 Company Profiles

15 Key Innovators

For more information about this report visit http://www.researchandmarkets.com/research/lkg3vq/fleet_management

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SOURCE Research and Markets