Fleet Management Market

The global fleet management market size is projected to grow from USD 28.6 billion in 2023 to USD 55.6 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 14.2% during the forecast period. The integration of telematics and IoT technologies has emerged as a pivotal factor driving the growth of the fleet management market.

Fleet management has always emphasized safety, but 2024 it will be more focused. Fleets implementing cutting-edge safety systems have seen a noticeable drop in accidents and fatalities, according to the latest data from the National Highway Traffic Safety Administration (NHTSA). In addition to lowering the financial and human costs of accidents, real-time monitoring, collision avoidance technologies, and driver behavior analysis are helping to make driving safer.

Major Fleet Management Companies Include

• Geotab (Canada)
• Verizon Connect (US)
• Orbcomm (US)
• Mix Telematics (South Africa)
• Zebra Technologies (US)
• Chevin (UK), Michelin (France),
• Fleetcomplete (Canada)
• Gurtam (Lithuania)

To know about the assumptions considered for the study download the pdf brochure

Geotab (Canada)

Geotab provides telematics solutions that offer advanced reporting, driver behavior management, robust engine data reporting, GPS vehicle tracking, and route optimization. With over 20 years of experience and millions of connected vehicles, the company harnesses the power of data to transform operations. For fleets of various sizes and sectors, Geotab provides a wide range of solutions, including fuel management, driver coaching, dispatching and routing, and much more. The company has a presence in North America, Europe, Asia Pacific, and Latin America.

Geotab stated that it will be working with Renault to integrate the MyGeotab fleet management platform with the telematics capabilities of its vehicles. Fleet managers can make informed decisions and offer connectivity solutions to fleets of any size thanks to this one point of access. Clients can choose from Renault models manufactured in 2010 or later, and receive a telematics system that is factory-installed or modified for field-use vehicles. Because of this, users can manage their whole fleet with first-hand, high-quality OEM data that has been combined into the robust, vendor-neutral MyGeotab platform. In twenty-one European nations, including France, Germany, Spain, Italy, the UK, and Ireland, the new telematics solution is now accessible.

Verizon Connect (US)

Verizon Connect is a subsidiary of Verizon Communications, a leading global telecommunications company. Verizon Connect, a pioneer in connected fleet management, empowers businesses of all sizes to transform their operations. Harnessing the power of GPS tracking, telematics, and data analytics, their comprehensive solutions address key challenges such as visibility and control, driver safety and compliance, productivity and performance, tailored solutions and expertise, scalability, and security.

Verizon Connect's fleet management solutions help track vehicles in the field, improve fleet operations, increase worker productivity, and promote safe driving. With a range of customizable GPS tracking solutions that offer dashboards, reports, and alerts, fleet managers can see driver and vehicle location in near real-time, track driver behavior like speeding, idling, and harsh driving, reduce costs for vehicle maintenance and fuel consumption, and improve dispatch, routing, and visibility. Verizon Connect's solutions can help optimize fleet operations and save money.

Orbcomm (US)

Orbcomm is a global provider of industrial Internet of Things (IoT) and Machine-to-Machine (M2M) solutions. It offers a range of hardware, software, and connectivity services for tracking, monitoring, and controlling assets in industries such as transportation and logistics, maritime, utilities, and agriculture. Orbcomm's solutions enable organizations to optimize asset utilization, improve operational efficiency, and enhance safety and compliance.

Mix Telematics (South Africa)

Mix Telematics is a leading provider of fleet management and telematics solutions. The company offers a comprehensive suite of software and hardware products for vehicle tracking, driver behavior monitoring, fuel management, and compliance. Mix Telematics serves customers across various industries, including transportation, logistics, construction, mining, and utilities, helping them improve fleet safety, efficiency, and productivity.

Zebra Technologies (US)

Zebra Technologies is a global leader in enterprise asset intelligence, providing hardware, software, and services for automatic identification and data capture (AIDC), location tracking, and real-time analytics. Zebra's solutions include barcode and RFID printers, mobile computers, scanners, asset tracking systems, and software platforms for inventory management, asset tracking, and workflow optimization. Zebra serves customers in industries such as retail, manufacturing, healthcare, transportation, and logistics.

Chevin (UK)

Chevin Fleet Solutions is a provider of fleet management software and consultancy services. The company offers a range of fleet management solutions, including asset management, maintenance management, driver management, fuel management, and compliance solutions. Chevin's software helps organizations streamline fleet operations, reduce costs, and improve regulatory compliance and safety.

Michelin (France)

Michelin is a global leader in tire manufacturing and related services. In addition to producing tires for cars, trucks, motorcycles, and bicycles, Michelin offers a range of digital services and solutions for fleet management, mobility solutions, and sustainable mobility initiatives. Michelin's offerings include tire monitoring systems, tire management software, and mobility services aimed at optimizing fleet performance, fuel efficiency, and environmental sustainability.

Fleet Complete (Canada)

Fleet Complete is a provider of fleet management and telematics solutions for businesses of all sizes. The company offers a comprehensive suite of software and hardware products for vehicle tracking, asset tracking, driver behavior monitoring, and asset management. Fleet Complete's solutions help organizations improve fleet safety, efficiency, and compliance while reducing operational costs.

Gurtam (Lithuania)

Gurtam is a software company specializing in fleet management and GPS tracking solutions. The company offers a cloud-based platform called Wialon, which provides real-time tracking, monitoring, and management of vehicles, assets, and mobile workforce. Gurtam's platform is used by businesses worldwide for fleet optimization, route planning, fuel management, and operational efficiency.

Related Reports:

Fleet Management Market By Solutions (Operations Management, Vehicle Maintenance & Diagnostics, Fleet Analytics & Reporting, Compliance Management, Performance Management), Fleet Type (Commercial Fleets, Passenger Vehicles) - Global Forecast to 2028

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