Dublin, May 13, 2025 (GLOBE NEWSWIRE) -- The "Fleet Management Software Market Report 2025" has been added to ResearchAndMarkets.com's offering.
This report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The fleet management software market size has grown rapidly in recent years. It will grow from $24.04 billion in 2024 to $28.24 billion in 2025 at a compound annual growth rate (CAGR) of 17.5%. The growth in the historic period can be attributed to demand for autonomous and electric vehicles (EVs), real-time monitoring, predictive maintenance, the rise of mobility-as-a-service (MaaS), and increasing connectivity.
The fleet management software market size is expected to see rapid growth in the next few years. It will grow to $53.16 billion in 2029 at a compound annual growth rate (CAGR) of 17.1%. The growth in the forecast period can be attributed to the digitization of vehicles, cybersecurity concerns, safety and security, regulatory compliance, and customer expectations. Major trends in the forecast period include global positioning systems, mobile communications, driver monitoring systems, behavior analytics, mobile and cloud-based fleet management solutions, artificial intelligence and machine learning, and IoT technologies.
The fleet management software market is primed for expansion, driven by the rapid proliferation of e-commerce activities on a global scale. According to data from the U.S. Census Bureau released in February 2024, total e-commerce sales in the US surged to $1.11 trillion in 2023, marking a notable 7.6% increase compared to the preceding year. E-commerce sales accounted for 15.4% of total sales in 2023, underscoring its significant influence in driving the growth of the fleet management software market.
Key players in the fleet management software market are placing considerable emphasis on developing advanced technological solutions to cater to the evolving demands of the industry. Bridgestone Americas introduced Azuga Fleet Management Solutions on AWS Marketplace in August 2023, offering fleet customers convenient access to comprehensive tracking and video recording capabilities. This initiative streamlines the procurement and deployment processes, aligning with Bridgestone's commitment to fostering trust among customers and driving effective management practices.
In December 2023, Komatsu Ltd. bolstered its fleet management technology offerings through the acquisition of iVolve Holdings Pty Ltd. This strategic maneuver enriches Komatsu's suite of solutions tailored for the construction and mining sectors, complementing existing offerings such as smart construction and smart quarry applications. iVolve Holdings Pty Ltd., headquartered in Australia, specializes in fleet management software, further solidifying Komatsu's position as a frontrunner in delivering innovative solutions for optimizing fleet operations in industrial settings.
North America was the largest region in the fleet management software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the fleet management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the fleet management software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Report Scope
Markets Covered:
1) By Type: Operations Management; Vehicle Maintenance And Diagnostics; Performance Management; Fleet Analytics And Reporting; Other Types
2) By Deployment: On-premises; Cloud
3) By Fleet Type: Commercial; Passenger Cars
4) By End-Users: Manufacturing; Oil And Gas; Transportation And Logistics; Construction; Chemical; Energy And Utilities; Retail; Other End-Users
Subsegments:
1) By Operations Management: Route Planning And Optimization; Dispatch Management; Driver Scheduling And Monitoring
2) By Vehicle Maintenance And Diagnostics: Preventive Maintenance; Diagnostic Tools And Alerts; Maintenance Scheduling And Reporting
3) By Performance Management: Driver Behavior Monitoring; Fuel Management; Fleet Efficiency Tracking
4) By Fleet Analytics And Reporting: Real-Time Fleet Tracking; Data Analytics And Dashboards; Reporting And Compliance Management
5) By Other Types: Asset Management; Inventory Management; Fleet Safety Management
Key Companies Profiled: AT&T Inc; Intel Corporation; International Business Machines Corporation; Cisco Systems Inc; ZF Friedrichshafen AG
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
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Key Attributes
| Report Attribute | Details |
| No. of Pages | 200 |
| Forecast Period | 2025-2029 |
| Estimated Market Value (USD) in 2025 | $28.24 Billion |
| Forecasted Market Value (USD) by 2029 | $53.16 Billion |
| Compound Annual Growth Rate | 17.1% |
| Regions Covered | Global |
Some of the major companies featured in this Fleet Management Software market report include:
- AT&T Inc
- Intel Corporation
- International Business Machines Corporation
- Cisco Systems Inc
- ZF Friedrichshafen AG
- Oracle Corporation
- LeasePlan Corporation N.V
- Zebra Technologies Corporation
- Garmin Ltd
- Trimble Inc
- FLEETCOR Technologies Inc
- Holman Automotive Inc
- Element Fleet Management Corp
- Verizon Connect
- Geotab Inc
- TomTom Telematics BV
- Omnitracs LLC
- Samsara Inc
- Teletrac Navman
- Orbcomm
- Emkay Inc
- Wheels Inc
- MiX Telematics Ltd
- Lytx Inc
- Magellan Navigation Inc
- Masternaut Limited
- Fleetio
- GPS Insight
- Avrios
- Quartix Ltd
For more information about this report visit https://www.researchandmarkets.com/r/ba2m63
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