Fleet Management Software Market to Reach USD 79.82 Billion by 2030; Rising Use of Mobility-as-a-Service to Bolster Product Demand

The fleet management software market size touched USD 20.58 billion in 2022 and is predicted to be valued at USD 23.67 billion in 2023. The market size is anticipated to reach USD 79.82 billion by 2030, recording a CAGR of 19% over 2023-2030.

Fortune Business Insights™ displays this information in its latest report titled “Fleet Management Software Market Size, Share & COVID-19 Impact Analysis, By Type (Operation Management, Vehicle Maintenance and Diagnostics, Performance Management, Fleet Analytics & Reporting, and Others), By Fleet Type (Commercial and Passenger Cars), By Deployment (Cloud and On-premises), By Industry (Manufacturing, Logistics, Transportation, Oil & Gas, Chemical, and Others), and Regional Forecast, 2023-2030”.

Growing Demand for Essential Products During COVID-19 Pandemic Boosted Product Adoption

The COVID-19 pandemic bolstered the demand for essential goods as governments had imposed movement and trade restrictions, which drastically reduced the production and supply of various products. The resulting supply chain disruptions boosted the need for advanced fleet management software to ensure the timely and consistent supply of essential products. Many logistics and transportation services providers faced severe challenges, which increased the product demand during this period.

During the pandemic, fleet managers were increasing their focus on the efficient management of product deliveries. They were also trying to improve their fleet maintenance activities and improve their transportation. Fleet operators were also trying to enhance driver’s safety and cater to other needs.

Rising Use of Mobility-as-a-Service to Bolster Product Demand

Mobility-as-a-Service has witnessed robust adoption in recent years as many government authorities and mobility industries are using this model to decrease carbon emissions and traffic congestion. They are launching economical carpooling, ride-hailing, car sharing, and other options to dissuade commuters from using their private vehicles. Fleet management software can assist users in getting insights on pick-ups, drop-offs, vehicle telematics, and payment activities, augmenting its adoption.

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/industry-reports/fleet-management-software-market-100893

Competitive Landscape

Key Companies Partner with Leading Automakers to Fortify their Market Positions

The leading market players are trying to diversify their product portfolios by increasing their investments in innovative software development processes. They are also partnering with top vehicle manufacturers to develop innovative fleet management solutions. These firms are teaming up with technology developers to offer enhanced fleet management services. For example, in December 2021, GPS Insight announced that it acquired FieldAware, a field service automation software developer. This acquisition was expected to help develop innovative field service, fleet management, and telematics software.

Notable Industry Development:

• March 2021 – Geotab, Inc. teamed up with Lytx to announce the availability of Surfsight AI-12 camera solution to improve fleet safety. It was mainly designed to allow continuous recording with the help of advanced technologies such as AI and machine vision.

List of the Companies Profiled in the Report:

• Verizon Connect (U.S.)


• Geotab, Inc. (Canada)


• Trimble Inc. (U.S.)


• LeasePlan Corporation N.V. (Netherlands)


• Omnitracs, LLC (U.S.)


• Cisco Systems, Inc. (U.S.)


• AT&T, Inc. (U.S.)


• FleetCor Technologies, Inc. (U.S.)


• IBM Corporation (U.S.)


• MiXTelematics International Ltd (U.S.)


• Fleet Complete (Canada)

Further Report Findings

• North America is predicted to hold a dominant global fleet management software market share due to the extensive deployment of real-time tracking software across various industry verticals to conduct seamless business activities. Vehicle tracking systems have also witnessed increased adoption in recent years among automobile companies across the U.S., such as Ford, General Motors, and Fiat-Chrysler.


• Asia Pacific is anticipated to emerge as the fastest-growing region during the forecast timeline as the region’s radio cab industry is expanding at a notable pace. There is also a robust demand for mobility services in this region. The growing establishment of manufacturing facilities across India, China, and Japan is expected to enhance the global fleet management software market growth in this region. India is projected to record strong growth as the country is rolling out stringent emission and fuel policies. Many start-up firms, such as AerisCommunications and LocoNov, are partnering with leading global players to offer fleet solutions in India.


• The cloud segment is expected to record the highest CAGR during the forecast period, owing to the model’s cost-efficient and hassle-free integration features. This type of deployment model has provided several effective ways to manage fleet activity on a real time basis. For example, GPS tracking has become highly efficient by connecting with the cloud and can work smoothly even in areas that have low-connectivity. Also, the leading market players are creating advanced cloud-based software solutions, which will further enhance the product adoption.

Table of Segmentation