Fleet Management Market Trends, Competitor Analysis and Regional Share Report to 2032

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Fleet Management Market Trends, Competitor
Analysis and Regional Share Report to 2032
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• Industry Insights

• Fleet Management Market size would surge beyond
  USD 70 billion by 2032. It is defined as the
  supervision, procurement, and maintenance of
  vehicles, driver safety, vehicular equipment, and
  associated costs of the retainment of vehicles.
  Moreover, industry solutions and software can
  enable fleet managers to streamline and automate
  various aspects of day-to-day business processes
  related to industry effectively and accurately.
• The concept of connected cars and an increase in
  the sales of commercial vehicles worldwide are
  taking the automotive industry by storm. To this
  end, the management of fleet of connected cars
  has become quite crucial. This is where fleet
  management market solutions come into the
  picture.
• Artificial intelligence is starting to gain
  significant traction in the fleet management
  market landscape. Fleet managers have come to
  terms that AI is meant to assist in making their
  roles highly productive and more streamlined, and
  not replace them.

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• Cloud-based tools are now leading the transition
  toward an advanced and enhanced fleet management
  market landscape as technology is becoming more
  deeply embedded in corporate operations and
  functions. Reasons why cloud-based technology is
  highly critical for fleet manager, include
• Robust growth of the fleet and automobile
  industry
• Increased emphasis on cost reduction and resource
  utilization
• Stiff competition to take over the major market
  proportion
• Besides, advantages that have enabled a push
  toward cloud market solutions are
• Improved tracking
• Proper data preservation
• Enhanced customer relationships and communication
• Risk mitigation
• To sum up, the technological revolution including
  the emergence of AI, IoT, and cloud computing is
  opening new growth opportunities for fleet
  management market players. In addition,
  increasing production and sales of commercial
  vehicles for logistics and transportation
  purposes subject to expanding urbanization, is
  propelling the market growth.

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• Competitive Analysis

• Some of the key fleet management market players
  profiled in the report include ID Systems, Inc.
  (Powerfleet), Masternaut Ltd., LeasePlan
  Corporation., GPS Insights, MiX Telematics
  International (Pty) Ltd., and KeepTruckin, Inc.,
  among others. The strategic landscape is expected
  to witness a series of strategic partnerships and
  collaborations by industry participants.

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