The global fleet and transportation management system for transportation and logistics market was accounted for at $24.9 billion in 2021, and is expected to reach $64.9 billion by 2031, growing at a CAGR of 10.3% from 2022 to 2031 by Application (Scheduling Routing and Tracking, ADAS, Fuel Management, Telematics, Others), by Component (Solution, Services): Global Opportunity Analysis and Industry Forecast, 2021-2031.
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Covid-19 scenario:
- The lockdown measures taken to curb the spread of the virus took a major toll on the global economy. The prolonged lockdown in most the European and Asian countries disrupted the supply chain.
- However, in the post-pandemic, demand for fleet and transportation management solutions that enhance efficacy and efficiency of first-mile and last-mile, logistics, improve mobile resource, utilization, and enhance fleet’s ability in improving revenue growth will rise.
The global fleet and transportation management system for transportation and logistics market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Asia-Pacific held the largest share in 2021, accounting for around two-fifths of the market. However, the market across Latin America region is expected to register the highest CAGR of 12.8% during the forecast period.
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The global fleet and transportation management system for transportation and logistics market report includes an in-depth analysis of the prime market players such as Azuga Inc., E2open Parent Holdings Inc., Element Fleet Management Corp, Geotab Inc., Holman Inc., MercuryGate International Inc., Solera Holdings LLC, Trimble Inc., Verizon Communications Inc., Wheels LLC, SAP SE, and Samsera Inc.
KEY FINDINGS OF THE STUDY :
By application, the scheduling, routing and tracking segment dominated the global fleet and transportation management system for transportation and logistics market in 2021, in terms of revenue.
By component, the solution segment is expected to register significant growth, registering a CAGR of 9.2% during the forecast period.
By region, Asia-Pacific dominated the global fleet and transportation management system for transportation and logistics market in 2021 in terms of market share
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