United States, Rockville, MD, June 09, 2022 (GLOBE NEWSWIRE) -- The global fleet maintenance software market is predicted to witness a moderate growth rate of 9.2% during the forecast years 2022 to 2032. The net worth of the fleet maintenance software market share is expected to reach US$ 30.9 Billion by the year 2032 while increasing from US$ 11.6 Billion in the year 2021.
Fleet maintenance software or FMS is a digital solution that allows the manager or employees to complete a series of specified duties in the management and administration of all parts of a private or public organization's fleet of vehicles used in logistics or transportation. These specialized tasks cover the whole process starting from vehicle purchase, its operation, and its final disposal resulting in huge demand for fleet maintenance software in the present market.
Several types of vehicles, including cars, trucks, earth-moving machines, buses, forklift trucks, trailers, and even ships – can be managed for procedures, tasks, and events by the adoption of fleet maintenance software. Furthermore, government fleet management rules are transforming businesses, including logistics, manufacturing, oil & gas, transportation, and others, rapidly making it more and more difficult for the businesses to manage their transportation department.
For more insights into the Market, Get A Sample of this Report!
https://www.factmr.com/connectus/sample?flag=S&rep_id=7421
Management of real-time data allows fleet managers to plan ahead for better routes, time schedules, maintenance timings, and dispatching. As a result, the market for fleet maintenance software is set to see a surge in demand with the expansion of business, followed by economic progress.
In the software sector, AI integrated fleet maintenance solutions have a wide range of applications, including recognizing and analyzing the real-time data obtained from fleet management, vehicle, drivers, and other business systems. Road conditions, traffic, weather, and environmental dangers can also be analyzed by AI to forecast and assess the likelihood of an oncoming risk, which is expected to boost the global fleet maintenance software market in the future.
Key Takeaways
- The overall increase of the worldwide fleet maintenance software market, calculated in absolute dollars, is expected to reach roughly US$ 18.1 Billion during the next ten years.
- Based on component type, services segment with the higher growth rate of 9% is anticipated to overtake the market against the solution segment by 2032.
- Passenger car segment remains the largest contributor to the global fleet maintenance software market share, with a projected growth rate of 9% during the projection years of 2022 to 2032.
- In terms of overall value, the fleet maintenance software market in the United States occupies the largest share. In the year 2022, the size of the US fleet maintenance software market is estimated to be around US$ 4.7 Billion.
- While United Kingdom (UK) fleet maintenance software market is rapidly expanding with the highest CAGR of 9.1% through 2032.
For Comprehensive Insights Ask An Analyst Here
https://www.factmr.com/connectus/sample?flag=AE&rep_id=7421
Competitive Landscape for Fleet Maintenance Software Market Key Players
Name of some of the fleet maintenance software market key players includes Geotab Inc., Automotive Rentals Inc., Omnitracs, Teletrac Navman, Trimble, Verizon Connect, Wheels Inc., Mix Telematics, Chevin Fleet Solution, and Donlen Corporation among others.
Recent Developments in Fleet Maintenance Software Market
- Element Fleet Management Corporation is a provider of automobile fleet management solutions that announced an upgraded element connection solution and telematics products for the fleet management market in November 2021. DriverCare CoPilot and QConnect are the two innovative telematics systems for fleet owners and operators those were introduced by the business for increasing its adoption.
- CalAmp Inc. developed an iOn Fleet Management Software Tracker in October 2021 to help fleet managers and owners in the United Kingdom (UK) make faster decisions while on road. Assets, fleets, and workers are all visible in real time with this tracker to aid in lowering fuel costs, improving fleet efficiency, and enhancing the safety of the pilot.
Get Customization on this Report for Specific Research Solutions
https://www.factmr.com/connectus/sample?flag=RC&rep_id=7421
More Valuable Insights
Fact.MR, in its new offering, presents an unbiased analysis of the global Fleet Maintenance Software Market, presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.
The study reveals essential insights on the basis of fleet type (Passenger Car, and Commercial Fleets), by Component (Solution, Services) and by Region - Global Forecast 2022-2032.
Fact.MR’s Domain Knowledge in Technology
Our ICT consulting team guides organizations at each step of their business strategy by helping you understand how the latest influencers account for operational and strategic transformation in the ICT sector. Our expertise in recognizing the challenges and trends impacting the global ICT industry provides indispensable insights and support – encasing a strategic perspective that helps you identify critical issues and devise appropriate solutions.
Explore More ICT Industry Reports:
Fire Testing Market Outlook 2022 to 2032 - The fire testing market is predicted to grow at a fair CAGR of 5.9% during the projected period of 2022 to 2032.
North America Automated Weather Observing System Market - The North American automated weather observing system market will register substantial growth, with an expected overall valuation of US$ 200 Million in 2022.
Europe Electronic Health Records Market - The European electronic health records market is predicted to increase from a valuation of US$ 6.7 billion in 2022 to US$ 10.5 billion by the end of 2032, registering a steady CAGR of 4.5% during the forecast years of 2022-2032.
U.S. Electronic Health Records Market – The U.S. electronic health records market stands at a current valuation of US$ 8.1 billion and is estimated to surpass US$ 12.4 billion by the end of 2032.
Network Attached Storage (NAS) Market - Global network attached storage (NAS) industry revenue stood at US$ 26.9 Billion in FY 2021, and is forecast to reach US$ 31.1 Billion, registering a Y-o-Y expansion rate worth 15.61% in 2022.
5G Fixed Wireless Access Market - The global 5G fixed wireless access market is estimated to secure US$ 121 Billion by 2032, with a whopping CAGR of 43.6%. The market is projected to hold a market value worth US$ 3.3 Billion in 2022.
North America Precision Farming Market - The North American Precision Farming market is projected to grow at the rate of 12.1% to reach a valuation of US$ 6 Billion by 2032 from US$ 1.91 Billion in 2022.
Drone Accessories Market Outlook (2022-2032) - Demand for drone accessories across the world stood at around US$ 15 billion in 2021, accounting for 53.2% share of the global drone market in terms of value.
Anti-Drone Market - The global anti-drone market size is estimated at US$ 1.1 billion in 2022 and is predicted to top a market valuation of US$ 7.4 billion by 2032, expanding at a stupendous CAGR of 20.9% from 2022 to 2032.
About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
Contact:
Mahendra Singh
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
Email: sales@factmr.com
Tel: +1 (628) 251-1583
![](https://ml.globenewswire.com/media/ZjYzMzEyZWQtMmQwOS00ZTg1LTgyYzQtZWI3OWEwNjhlYWVhLTExMDc2ODU=/tiny/FACT-MR.png)