Presently, the global fleet and transportation management system for transportation and logistics market is dominated by Asia-Pacific followed by Europe, North America, and Latin America & Middle East. In Asia-Pacific, the market is mainly driven by China owing to the optimistic automotive sector scenario coupled with rise in demand for vehicle tracking and telematics. In North America, the U.S. is expected to witness considerable growth in the fleet and transportation management system for transportation and logistics industry during the forecast period.
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In addition, key manufacturers have carried numerous developments such as Trimble Inc., Verizon Communications Inc., Wheels LLC, SAP, Geotab Inc., and others, which has created ample opportunities for the marketโs growth across the globe. Moreover, the key players operating in the industry have launched some fleet management services & telematics apps for fuel management, asset management, android apps, camera & video solutions, SAP solutions, reverse geocoding, and ADAS map solutions, which effectively leads to the growth of the fleet and transportation management system for transportation and logistics market across the globe. For instance, in 2020, Geotab Inc., a prominent player in IoT & connected transportation, launched a Geotab Public Works Solution designed to support government agencies by providing improved fleet management capabilities to control cost without hampering the environment.
The fleet and transportation management system for transportation and logistics market is segmented on the basis of application, component, and region. By application, the market is further categorized into scheduling, routing and tracking, ADAS, fuel management, telematics and others. On the basis of component, the market is segmented as solutions and services. By region, the market is analyzed across North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ : https://www.alliedmarketresearch.com/fleet-and-transportation-management-system-for-transportation-and-logistics-market/purchase-options
Factors such as rapid technological integration and adoption across the transportation & logistics sector, are creating a positive correlation for the fleet and transportation management system for transportation and logistics market. Furthermore, exponential growth within the e-commerce industry is also projected to fuel the adoption of fleet and transportation management systems. However, high upfront cost create a staggering effect on the market. However, strengthening communication network vehicles coupled with rise in concerns about fleet safety is estimated to have a positive impact on the fleet and transportation management system for transportation and logistics market growth during the forecast period.
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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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The prominent players operating in the fleet and transportation management system for transportation and logistics market are 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.
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