The Fleet Management Market, valued at $12.69 billion in 2023, is projected to reach $45.66 billion by 2030, driven by an impressive compound annual growth rate of 20.07%, according to Maximize Market Research.
Innovative AI-driven route optimization and maintenance solutions are key growth factors.
The market is witnessing significant advancements, including OEM and aftermarket telematics integration, which provides comprehensive vehicle performance data. Additionally, the adoption of AI and Advanced Driver Assistance Systems (ADAS) enhances driver safety and operational efficiency.
With the rise of electric vehicles (EVs), fleet management systems are increasingly focused on optimizing battery health. The hyper-pooling option, allowing up to 14 passengers per vehicle, aims to boost efficiency and reduce environmental impact.
The report highlights the competitive landscape featuring major players like Geotab, Omnitracs, and Trimble. Regional markets in North America, Europe, Asia Pacific, and Africa are analyzed, providing valuable insights for investors and stakeholders.
