The global fleet management market is projected to reach USD 52.23 billion by 2029, according to Technavio. This growth is attributed to the increasing adoption of telematics and autonomous vehicles, fueled by the rise of e-commerce and last-mile delivery. Key players in the market include AT&T Inc., Avrios International AG, Bridgestone Corp., and others.
Fleet management solutions are essential for optimizing operational efficiency and reducing overhead costs in the transportation and logistics industries. These solutions leverage GPS connectivity, Google Maps, and satellite technology to provide real-time visibility, optimize routes, and track vehicles. They also offer fuel management, maintenance management, and driver management solutions.
The market is further driven by advancements in technology, including automation, the Internet of Things (IoT), and 5G deployment. Subscription-based fleet management solutions are gaining popularity, offering businesses flexibility and predictability in managing their fleets.