FACTS AT A GLANCE
Edition: 16; Released: April 2021
Executive Pool: 3969
Companies: 133 – Players covered include AirIQ, Inc.; Aplicom Oy; Aspire Tracking Ltd.; Batrak Ltd.; BOX Telematics Ltd.; CarrierWeb, LLC; CATERPILLAR, Inc.; Cisco Systems, Inc.; Daimler Fleetboard GmbH; Donlen Corp.; HCL Technologies Ltd.; Modular Mining Systems, Inc.; Risk Technology Ltd.; SafeTrac Solutions Ltd.; TomTom International B.V.; Verizon Enterprise Solutions; V-SOL Ltd. and Others.
Coverage: All major geographies and key segments
Segments: Component (Solutions, Services); Fleet Type (Passenger Cars, Commercial Fleets)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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ABSTRACT-
Global Fleet Management Systems Market to Reach $38.4 Billion by 2026
Amid the COVID-19 crisis, the global market for Fleet Management Systems estimated at US$17.8 Billion in the year 2020, is projected to reach a revised size of US$38.4 Billion by 2026, growing at a CAGR of 13.4% over the analysis period. Solutions, one of the segments analyzed in the report, is projected to record a 13% CAGR and reach US$23.1 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Services segment is readjusted to a revised 13.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $5.4 Billion in 2021, While China is Forecast to Reach $8.2 Billion by 2026
The Fleet Management Systems market in the U.S. is estimated at US$5.4 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$8.2 Billion by the year 2026 trailing a CAGR of 17.4% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.5% and 11.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 10.6% CAGR. More
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