Market Overview:
The global fleet tracking and monitoring software market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for fleet tracking and monitoring software from various end-use industries, such as transportation and logistics, media and entertainment, government and utilities, travel and tourism, among others. Additionally, the growing trend of IoT is also fueling the growth of this market. However, lack of awareness about benefits offered by fleet tracking and monitoring software may restrain the growth of this market during the forecast period. On basis on type , professional software segment is anticipated to hold dominant position in global Fleet Tracking And Monitoring Software Market over next decade . Professional Fleet Tracking And Monitoring Software are used by commercial organizations for managing their fleets with features such as real-time vehicle location tracking , fuel management etc . Whereas , managed service providers are offering these services to their customers with added benefits which include round-the clock customer support & maintenance . On basis on application , transportation & logistics sector held largest share in 2017 followed by media & entertainment sector . Transportation sector accounted for majority revenue share due high adoption rate across different verticals such as automotive manufacturing companies , courier services etc whereas media & entertainment sector projected highest CAGR over next decade owing rising demand for live broadcasting especially in sports events .
Product Definition:
Fleet tracking and monitoring software is used to track the location of a fleet of vehicles. The software can also be used to monitor the speed, direction, and other parameters of the vehicles in the fleet. This information can be used to improve safety and efficiency in transportation operations.
Professional Software:
Professional software is a category of mobile fleet tracking and monitoring solutions that are designed to meet the complex requirements of businesses. These solutions offer features such as integrated GPS, route optimization, vehicle management, driver behavior analysis and reporting among others which make them stand out in the competitive market.
Professional software has been gaining popularity over the past few years owing to its ability to cater to multiple functions such as fleet tracking & monitoring along with predictive analytics for business growth.
Managed Software:
Managed software is a type of mobile application software that is designed to support the management and operations of organizations. It helps in enhancing productivity, streamlining processes, and automating tasks through the use of various technologies such as analytics, cloud computing, mobility applications among others.
Application Insights:
The transportation and logistics application segment accounted for the largest revenue share in 2017. Fleet tracking and monitoring software helps in efficient management of vehicle fleet by providing real-time information on asset, driver, location and status of a vehicle. The segment is expected to continue its dominance over the forecast period owing to increasing demand for effective fleet operations across various industries such as automotive, retail, distribution centers/warehouses along with rising concerns regarding employee safety and security.
The media & entertainment industry has been witnessing significant growth due to factors such as rapid urbanization coupled with technological advancements that have fueled the growth of online streaming services like Netflix and YouTube. This has led to an increase in video production activities which also contributes towards overall market size.
Regional Analysis:
The North American regional market dominated the global fleet tracking and monitoring software industry in 2016. The growth of this region can be attributed to the presence of major industry players, such as Trimble Navigation Ltd., Mavenir, Fleetmatics International GmbH, and Zonar Systems Inc. Moreover, these companies are actively involved in developing new products to meet the growing demand from customers across various industries.
Asia Pacific is expected to emerge as a prominent regional market over the forecast period owing to increasing government mandates pertaining to vehicle tracking systems in order for maintaining safety and security of its citizens along with rising investments by various international companies for expanding their business operations within this region. Furthermore, increasing disposable income levels coupled with rapid urbanization is anticipated to fuel product adoption within commercial transportation sector thereby driving overall growth over next eight years.
Growth Factors:
- Increasing demand for fleet tracking and monitoring software from small and medium-sized businesses (SMBs) due to the benefits of cost savings, improved efficiency, and safety.
- The increasing trend of using fleet tracking and monitoring software for regulatory compliance purposes, such as Hours of Service (HOS) recording for truck drivers in the US.
- Growing demand for fleet tracking and monitoring software from the transportation sector as a result of the increasing popularity of telematics systems in vehicles.
- Proliferation of smartphones and other mobile devices that can be used to track fleets, which is driving down the costs associated with deploying these systems.
Scope Of The Report
Report Attributes
Report Details
Report Title
Fleet Tracking and Monitoring Software Market Research Report
By Type
Professional Software, Managed Software
By Application
Transportation and Logistics, Media and Entertainment, Government and Utilities, Travel and Tourism, Others
By Companies
PTC, Inc. (US), Trimble Inc. (US), TomTom Telematics BV (Netherlands), Verizon Telematics, Inc. (US), Mix Telematics International (Pty) Ltd (South Africa), Zonar Systems, Inc. (US), Octo Telematics Ltd. (UK), Omnitracs LLC (US), Masternaut Limited. (UK), Microlise Group Ltd. (UK), Inseego Corporation (US)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
163
Number of Tables & Figures
115
Customization Available
Yes, the report can be customized as per your need.
Global Fleet Tracking and Monitoring Software Market Report Segments:
The global Fleet Tracking and Monitoring Software market is segmented on the basis of:
Types
Professional Software, Managed Software
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Transportation and Logistics, Media and Entertainment, Government and Utilities, Travel and Tourism, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- PTC, Inc. (US)
- Trimble Inc. (US)
- TomTom Telematics BV (Netherlands)
- Verizon Telematics, Inc. (US)
- Mix Telematics International (Pty) Ltd (South Africa)
- Zonar Systems, Inc. (US)
- Octo Telematics Ltd. (UK)
- Omnitracs LLC (US)
- Masternaut Limited. (UK)
- Microlise Group Ltd. (UK)
- Inseego Corporation (US)
Highlights of The Fleet Tracking and Monitoring Software Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Professional Software
- Managed Software
- By Application:
- Transportation and Logistics
- Media and Entertainment
- Government and Utilities
- Travel and Tourism
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Fleet Tracking and Monitoring Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Fleet tracking and monitoring software is a computer program that helps managers keep track of the location, movement, and status of vehicles in a fleet. The software can also help identify problems with the vehicles, such as broken down cars or drivers who are not following traffic laws.
Some of the key players operating in the fleet tracking and monitoring software market are PTC, Inc. (US), Trimble Inc. (US), TomTom Telematics BV (Netherlands), Verizon Telematics, Inc. (US), Mix Telematics International (Pty) Ltd (South Africa), Zonar Systems, Inc. (US), Octo Telematics Ltd. (UK), Omnitracs LLC (US), Masternaut Limited. (UK), Microlise Group Ltd. (UK), Inseego Corporation (US).
The fleet tracking and monitoring software market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Fleet Tracking and Monitoring Software Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Fleet Tracking and Monitoring Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Fleet Tracking and Monitoring Software Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Fleet Tracking and Monitoring Software Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Fleet Tracking and Monitoring Software Market Size & Forecast, 2020-2028
4.5.1 Fleet Tracking and Monitoring Software Market Size and Y-o-Y Growth
4.5.2 Fleet Tracking and Monitoring Software Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Professional Software
5.2.2 Managed Software
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Transportation and Logistics
6.2.2 Media and Entertainment
6.2.3 Government and Utilities
6.2.4 Travel and Tourism
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Fleet Tracking and Monitoring Software Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Fleet Tracking and Monitoring Software Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Professional Software
9.6.2 Managed Software
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Transportation and Logistics
9.10.2 Media and Entertainment
9.10.3 Government and Utilities
9.10.4 Travel and Tourism
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Professional Software
10.6.2 Managed Software
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Transportation and Logistics
10.10.2 Media and Entertainment
10.10.3 Government and Utilities
10.10.4 Travel and Tourism
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Professional Software
11.6.2 Managed Software
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Transportation and Logistics
11.10.2 Media and Entertainment
11.10.3 Government and Utilities
11.10.4 Travel and Tourism
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Professional Software
12.6.2 Managed Software
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Transportation and Logistics
12.10.2 Media and Entertainment
12.10.3 Government and Utilities
12.10.4 Travel and Tourism
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Professional Software
13.6.2 Managed Software
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Transportation and Logistics
13.10.2 Media and Entertainment
13.10.3 Government and Utilities
13.10.4 Travel and Tourism
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Fleet Tracking and Monitoring Software Market: Competitive Dashboard
14.2 Global Fleet Tracking and Monitoring Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 PTC, Inc. (US)
14.3.2 Trimble Inc. (US)
14.3.3 TomTom Telematics BV (Netherlands)
14.3.4 Verizon Telematics, Inc. (US)
14.3.5 Mix Telematics International (Pty) Ltd (South Africa)
14.3.6 Zonar Systems, Inc. (US)
14.3.7 Octo Telematics Ltd. (UK)
14.3.8 Omnitracs LLC (US)
14.3.9 Masternaut Limited. (UK)
14.3.10 Microlise Group Ltd. (UK)
14.3.11 Inseego Corporation (US)
