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DUBLIN, June 15, 2020 /PRNewswire/ -- The "Global Fleet Management Market Outlook 2025" report has been added to ResearchAndMarkets.com's offering. The global fleet management market is anticipated to achieve a CAGR of around 12% during the forecast period, i.e. 2019-2025.Factors such as rising need of fleet operators to decrease their operational costs and increase efficiency so as to gain a competitive advantage, coupled with the stringent norms such as the electronic logging device or ELD mandate for tracking a driver's total working hours to comply with the labor regulations and the growing commercial fleet around the world are some of the factors anticipated to drive the growth of the global fleet management market.Additionally, the ability of fleet management systems to be customized depending upon the requirement of the fleet owner, which has raised greater adoption of fleet management systems amongst businesses worldwide along with the trends of the fleet operators who are opting for advanced technologies including telematics that are related to bigdata, artificial intelligence and others are some of the factors anticipated to contribute significantly towards the growth of the global fleet management market.The global fleet management market consists of various segments that are segmented by function and by region. The function segment is further sub-divided into operational fleet monitoring and management, vehicle dispatch, asset tracking, security & safety management, driver scheduling and condition-based maintenance. Out of these, the operational fleet monitoring and management segment is anticipated to grow with a modest CAGR over the forecast period owing to the rising need of fleet owners to decrease their operational expenditure and track their fleets properly.Based on region, the global fleet management market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The market in Asia Pacific, is primarily driven by nations such as China, Japan, Philippines and India, as majority of the nations are dependent on road transport and has a large road network connectivity for the transportation of goods.Some of the affluent industry leaders in the global fleet management market are Webfleet Solutions B.V., Geotab Inc., Verizon, Omnitracs, Trimble Inc., Alphabet (GB) Limited, Telenav, Inc., Arvento Mobile Tracking and Fleet Management Systems, Teletrac Navman US Ltd. and Emkay.Key Topics Covered Chapter 1 Overview of Fleet Management1.1 Definition of Fleet Management in This Report1.2 Function of Fleet Management System1.2.1 Operational Fleet Monitoring and Management1.2.2 Vehicle Dispatch1.2.3 Driver Scheduling1.2.4 Asset Tracking1.2.5 Condition-based Maintenance1.2.6 Security and Safety Management1.3 Technology Development Analysis of Fleet Management System1.3.1 1950s: Unit Record Equipment1.3.2 1960s: The Power of Mainframes1.3.3 1970s: Electronic Vehicle Ordering1.3.4 1980s: Dawn of Personal Computers1.3.5 1990s: The Internet Revolution1.3.6 2000s: Emergence of Mobile Devices1.3.7 Technology Trends1.4 Market Status and Trend of Fleet Management1.4.1 Global Fleet Management Revenue and Growth Rate 2014-20251.4.2 Market Top Trends and Key Driving FactorsChapter 2 Market Driving Factor Analysis of Fleet Management2.1 Global Economy Situation and Trend Overview2.2 Fleet Management System Downstream Analysis2.2.1 Asian Fleet Market2.2.2 European Fleet Market2.2.3 North American Fleet Market2.2.4 Australia and New Zealand Fleet Market2.2.5 Africa Fleet MarketChapter 3 Fleet Management Market Competition Status by Major Manufacturers3.1 Revenue of Fleet Management by Major Manufacturers3.2 Merger, Consolidation or Acquisition NewsChapter 4 Report ConclusionCompanies Mentioned Webfleet Solutions B.V. Geotab Inc. Verizon Omnitracs Trimble Inc. Alphabet (GB) Limited Telenav Inc. Arvento Mobile Tracking Fleet Management Systems Teletrac Navman US Ltd. Emkay For more information about this report visit https://www.researchandmarkets.com/r/jhpz52 Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Media Contact: Research and Markets Laura Wood, Senior Manager [emailprotected] For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716 SOURCE Research and Markets Related Links http://www.researchandmarkets.com

Answer: Fleet Management Market to Exhibit a CAGR of Approx 12% till 2025 - Analysis of Major Driver Factors