Global Fleet and Transportation Management System for Transportation and Logistics Market is valued at approximately USD 24.9 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 10.3 % over the forecast period 2022-2029. Fleet and Transportation Management System refers to a type of software-based platform utilized by logistics service providers. This platform facilitates planning of transportation, fleet size and helps in measuring deliveries across the supply chain in real-time. FTMS helps in automation of different aspects of shipping & logistics thus increasing transportation efficiency. The rising E-commerce sector worldwide and growing technological advancements in logistics & transportation sector as well as strategic initiatives from leading market players are key factors accelerating the market growth.
According to India Brand Equity Foundation (IBEF) estimates - as of 2022, the Indian e-commerce market is estimated at USD 74.8 billion, and the e-commerce sector in India is projected to grow to USD 111 billion by 2024 and further to USD 200 billion by 2026. Moreover, as per United Nations estimates- global e-commerce sales increased to USD 26.7 trillion in 2019, up four percent from 2018. Also, rising expansion of cross-border trade in post covid era and favorable initiatives from government authorities would create lucrative growth prospectus for the market over the forecast period. However, high upfront costs associated with Fleet and Transportation Management Systems and lack of uninterrupted internet connectivity in developing regions impede the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Fleet and Transportation Management System for Transportation and Logistics Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region in terms of market share owing to presence of leading market players as well as growing automation in logistics & transportation sector in the region. Whereas, Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising expansion of logistics sector coupled with increasing penetration of e-commerce platforms in the region.
Major market players included in this report 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
Recent Developments in the Market:
- In March 2020, Aeris Communication launched Smart Fleet Platform in India. The new platform would offer different features such as remote tracking and tracing of vehicles, trip data analytics, EMI and Insurance reminders, map view of vehicle status and live vehicle tracking through a single view dashboard.
- In March 2022, Fleet Complete launched a new integrated platform named Fleet Complete Insights Solution Suite for SME fleet operators.
Global Fleet and Transportation Management System for Transportation and Logistics Market Report Scope:
Historical Data: 2019-2020-2021
Base Year for Estimation: 2021
Forecast period: 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Application, Component, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Application:
Scheduling, Routing and Tracking
ADAS
Fuel Management
Telematics
Others
By Component:
Solution
Services
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Fleet and Transportation Management System for Transportation and Logistics Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Fleet and Transportation Management System for Transportation and Logistics Market, by Application, 2019-2029 (USD Billion)
- 1.2.3. Fleet and Transportation Management System for Transportation and Logistics Market, by Component, 2019-2029 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Fleet and Transportation Management System for Transportation and Logistics Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Fleet and Transportation Management System for Transportation and Logistics Market Dynamics
- 3.1. Fleet and Transportation Management System for Transportation and Logistics Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Rising E-commerce sector worldwide
- 3.1.1.2. Growing technological advancements in logistics & transportation Sector
- 3.1.1.3. Strategic initiatives from leading market players
- 3.1.2. Market Challenges
- 3.1.2.1. High upfront cost associated with Fleet and Transportation Management System
- 3.1.2.2. Lack of uninterrupted internet connectivity in developing regions
- 3.1.3. Market Opportunities
- 3.1.3.1. Rising expansion of cross-border trade in post covid era
- 3.1.3.2. Favourable initiatives from government authorities
Chapter 4. Global Fleet and Transportation Management System for Transportation and Logistics Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Investment Adoption Model
- 4.5. Analyst Recommendation & Conclusion
- 4.6. Top investment opportunity
- 4.7. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Fleet and Transportation Management System for Transportation and Logistics Market, by Application
- 6.1. Market Snapshot
- 6.2. Global Fleet and Transportation Management System for Transportation and Logistics Market by Application, Performance - Potential Analysis
- 6.3. Global Fleet and Transportation Management System for Transportation and Logistics Market Estimates & Forecasts by Application, 2019-2029 (USD Billion)
- 6.4. Fleet and Transportation Management System for Transportation and Logistics Market, Sub Segment Analysis
- 6.4.1. Scheduling, Routing and Tracking
- 6.4.2. ADAS
- 6.4.3. Fuel Management
- 6.4.4. Telematics
- 6.4.5. Others
Chapter 7. Global Fleet and Transportation Management System for Transportation and Logistics Market, by Component
- 7.1. Market Snapshot
- 7.2. Global Fleet and Transportation Management System for Transportation and Logistics Market by Component, Performance - Potential Analysis
- 7.3. Global Fleet and Transportation Management System for Transportation and Logistics Market Estimates & Forecasts by Component, 2019-2029 (USD Billion)
- 7.4. Fleet and Transportation Management System for Transportation and Logistics Market, Sub Segment Analysis
- 7.4.1. Solution
- 7.4.2. Service
Chapter 8. Global Fleet and Transportation Management System for Transportation and Logistics Market, Regional Analysis
- 8.1. Fleet and Transportation Management System for Transportation and Logistics Market, Regional Market Snapshot
- 8.2. North America Fleet and Transportation Management System for Transportation and Logistics Market
- 8.2.1. U.S. Fleet and Transportation Management System for Transportation and Logistics Market
- 8.2.1.1. Application breakdown estimates & forecasts, 2019-2029
- 8.2.1.2. Component breakdown estimates & forecasts, 2019-2029
- 8.2.2. Canada Fleet and Transportation Management System for Transportation and Logistics Market
- 8.3. Europe Fleet and Transportation Management System for Transportation and Logistics Market Snapshot
- 8.3.1. U.K. Fleet and Transportation Management System for Transportation and Logistics Market
- 8.3.2. Germany Fleet and Transportation Management System for Transportation and Logistics Market
- 8.3.3. France Fleet and Transportation Management System for Transportation and Logistics Market
- 8.3.4. Spain Fleet and Transportation Management System for Transportation and Logistics Market
- 8.3.5. Italy Fleet and Transportation Management System for Transportation and Logistics Market
- 8.3.6. Rest of Europe Fleet and Transportation Management System for Transportation and Logistics Market
- 8.4. Asia-Pacific Fleet and Transportation Management System for Transportation and Logistics Market Snapshot
- 8.4.1. China Fleet and Transportation Management System for Transportation and Logistics Market
- 8.4.2. India Fleet and Transportation Management System for Transportation and Logistics Market
- 8.4.3. Japan Fleet and Transportation Management System for Transportation and Logistics Market
- 8.4.4. Australia Fleet and Transportation Management System for Transportation and Logistics Market
- 8.4.5. South Korea Fleet and Transportation Management System for Transportation and Logistics Market
- 8.4.6. Rest of Asia Pacific Fleet and Transportation Management System for Transportation and Logistics Market
- 8.5. Latin America Fleet and Transportation Management System for Transportation and Logistics Market Snapshot
- 8.5.1. Brazil Fleet and Transportation Management System for Transportation and Logistics Market
- 8.5.2. Mexico Fleet and Transportation Management System for Transportation and Logistics Market
- 8.6. Rest of The World Fleet and Transportation Management System for Transportation and Logistics Market
Chapter 9. Competitive Intelligence
- 9.1. Top Market Strategies
- 9.2. Company Profiles
- 9.2.1. Azuga Inc.
- 9.2.1.1. Key Information
- 9.2.1.2. Overview
- 9.2.1.3. Financial (Subject to Data Availability)
- 9.2.1.4. Product Summary
- 9.2.1.5. Recent Developments
- 9.2.2. E2open Parent Holdings Inc
- 9.2.3. Element Fleet Management Corp
- 9.2.4. Geotab Inc
- 9.2.5. Holman Inc
- 9.2.6. MercuryGate International Inc
- 9.2.7. Solera Holdings LLC
- 9.2.8. Trimble Inc
- 9.2.9. Verizon Communications Inc
- 9.2.10. Wheels LLC
Chapter 10. Research Process
- 10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
- 10.2. Research Attributes
- 10.3. Research Assumption