Market Overview:
The Global GPS Fleet Tracking System Market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth factors include the increasing demand for fleet tracking systems due to the advantages offered by them such as reducing fuel costs, improving safety and security, and optimizing operations. The market is segmented on the basis of type into on-premise and cloud-based systems. On-premise systems are installed at a customer’s premises while cloud-based systems are hosted by service providers. Cloud-based systems are becoming more popular due to their lower cost and easy deployment. They also offer features such as real-time tracking, route planning, and driver behavior monitoring that are not available in on-premise systems. The market is further segmented by application into taxi tracking, logistics transportation tracking, racing vehicle tracking, and other applications.
Product Definition:
GPS fleet tracking system is a technology that enables business owners to track the exact location of their vehicles in real-time. This system consists of a GPS unit installed in each vehicle and a computer software that receives and processes the GPS data. The importance of GPS fleet tracking system lies in its ability to improve efficiency, safety, and profitability for businesses with fleets of vehicles. With this technology, business owners can track the location of their drivers, monitor driving behavior, optimize routes, reduce fuel costs, and improve customer service.
On-premise:
On-premise is a term used to define software and data that are installed and run from the original source device (the server where the application runs or on dedicated hardware). The software is installed directly on the user's own computers or servers. On-premise solutions offer high levels of data security as there are no third-party servers between them and the user. This also offers high levels of data ownership, with users being able to retain full control over their business operations.
Cloud Based:
Cloud based is a term used to define software solutions that provide location information using the internet. It can be defined as a service or state of the art technology for sharing and getting information on real time basis. The major advantage of cloud based system is that it does not require an installed base for hardware such as servers, workstations, and so on. This eliminates huge capital investment in building physical infrastructure which reduces operational cost significantly over time.
Application Insights:
The logistics transportation tracking segment dominated the global GPS fleet tracking system market in 2017. It is projected to expand at a CAGR of XX% over the forecast period owing to factors such as growing demand for e-commerce and increasing number of distribution centers worldwide. The taxiing trackers are used by various industries such as transportation, hospitality, healthcare and public safety for vehicle monitoring purposes.
The racing vehicle tracking segment is anticipated to witness significant growth over the forecast period owing to rising participation in motorsports activities globally. Increasing popularity of endurance sports has resulted in an increased number of participants on global scale which has contributed significantly towards growth in this segment during recent years. In addition, introduction of advanced technology that provides real-time location information will boost industry growth further during next eight years or so according to Garmin Ltd.
Regional Analysis:
North America dominated the global fleet tracking system market in 2017. The growth of this region can be attributed to the presence of prominent players such as Trimble Navigation Ltd., Telogis, and Skye Systems Inc. Additionally, these companies are focusing on developing new products to offer complete solutions for business users. For instance, in January 2018, Trimble Navigation announced its partnership with HERE Technologies GmbH to develop a new integrated platform for transportation management services based on real-time data and analytics.
Asia Pacific is expected to witness significant growth over the forecast period owing to increasing government initiatives across various countries such as India and China aimed at improving road infrastructure which will lead into an increase in commercial vehicle movement over time As a result of all these factors combined; Asia Pacific is projected to emerge as one of the most lucrative markets during the forecast period.
Growth Factors:
- Increasing demand for GPS fleet tracking system from small and medium-sized businesses (SMBs) due to the benefits of cost savings, improved efficiency, and safety.
- Proliferation of smartphones and other mobile devices, along with the advent of 4G/LTE networks, is aiding the growth of GPS fleet tracking system market as these devices are used for real-time monitoring and management of fleets.
- The increasing trend of vehicle automation is also expected to fuel the growth prospects for GPS fleet tracking system market during the forecast period.
- Growing concerns over employee safety while travelling on highways or in remote areas is another major factor that is expected to propel demand for GPS fleet tracking systems in near future.
Scope Of The Report
Report Attributes
Report Details
Report Title
GPS Fleet Tracking System Market Research Report
By Type
On-premise, Cloud Based
By Application
Taxi Tracking, Logistics Transportation Tracking, Racing Vehicle Tracking, Other
By Companies
GPS TrackIt, Teletrac Navman (Fortive), Quartix, Verizon Connect, Nextraq (Francisco Partners), Advanced Tracking Technologies, Brickhouse Security, Budget GPS, CalAmp, Fleetio, Fleetmatics, Zonar, FleetWave
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
215
Number of Tables & Figures
151
Customization Available
Yes, the report can be customized as per your need.
Global GPS Fleet Tracking System Market Report Segments:
The global GPS Fleet Tracking System market is segmented on the basis of:
Types
On-premise, Cloud Based
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
Taxi Tracking, Logistics Transportation Tracking, Racing Vehicle Tracking, Other
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:
- GPS TrackIt
- Teletrac Navman (Fortive)
- Quartix
- Verizon Connect
- Nextraq (Francisco Partners)
- Advanced Tracking Technologies
- Brickhouse Security
- Budget GPS
- CalAmp
- Fleetio
- Fleetmatics
- Zonar
- FleetWave
Highlights of The GPS Fleet Tracking System 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:
- On-premise
- Cloud Based
- By Application:
- Taxi Tracking
- Logistics Transportation Tracking
- Racing Vehicle Tracking
- Other
- 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 GPS Fleet Tracking System 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?
A GPS fleet tracking system is a type of tracking system that uses Global Positioning System (GPS) receivers to track the movement of vehicles and vessels. GPS fleet tracking systems can be used to monitor the location, speed, and direction of vehicles in real time. This information can be used to improve safety and efficiency in transportation fleets.
Some of the key players operating in the gps fleet tracking system market are GPS TrackIt, Teletrac Navman (Fortive), Quartix, Verizon Connect, Nextraq (Francisco Partners), Advanced Tracking Technologies, Brickhouse Security, Budget GPS, CalAmp, Fleetio, Fleetmatics, Zonar, FleetWave.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 GPS Fleet Tracking System 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 GPS Fleet Tracking System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 GPS Fleet Tracking System 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 GPS Fleet Tracking System 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 GPS Fleet Tracking System Market Size & Forecast, 2018-2028
4.5.1 GPS Fleet Tracking System Market Size and Y-o-Y Growth
4.5.2 GPS Fleet Tracking System Market Absolute $ Opportunity
Chapter 5 Global GPS Fleet Tracking System 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 GPS Fleet Tracking System Market Size Forecast by Type
5.2.1 On-premise
5.2.2 Cloud Based
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global GPS Fleet Tracking System 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 GPS Fleet Tracking System Market Size Forecast by Applications
6.2.1 Taxi Tracking
6.2.2 Logistics Transportation Tracking
6.2.3 Racing Vehicle Tracking
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global GPS Fleet Tracking System 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 GPS Fleet Tracking System 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 GPS Fleet Tracking System Analysis and Forecast
9.1 Introduction
9.2 North America GPS Fleet Tracking System 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 GPS Fleet Tracking System Market Size Forecast by Type
9.6.1 On-premise
9.6.2 Cloud Based
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 GPS Fleet Tracking System Market Size Forecast by Applications
9.10.1 Taxi Tracking
9.10.2 Logistics Transportation Tracking
9.10.3 Racing Vehicle Tracking
9.10.4 Other
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 GPS Fleet Tracking System Analysis and Forecast
10.1 Introduction
10.2 Europe GPS Fleet Tracking System 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 GPS Fleet Tracking System Market Size Forecast by Type
10.6.1 On-premise
10.6.2 Cloud Based
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 GPS Fleet Tracking System Market Size Forecast by Applications
10.10.1 Taxi Tracking
10.10.2 Logistics Transportation Tracking
10.10.3 Racing Vehicle Tracking
10.10.4 Other
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 GPS Fleet Tracking System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific GPS Fleet Tracking System 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 GPS Fleet Tracking System Market Size Forecast by Type
11.6.1 On-premise
11.6.2 Cloud Based
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 GPS Fleet Tracking System Market Size Forecast by Applications
11.10.1 Taxi Tracking
11.10.2 Logistics Transportation Tracking
11.10.3 Racing Vehicle Tracking
11.10.4 Other
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 GPS Fleet Tracking System Analysis and Forecast
12.1 Introduction
12.2 Latin America GPS Fleet Tracking System 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 GPS Fleet Tracking System Market Size Forecast by Type
12.6.1 On-premise
12.6.2 Cloud Based
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 GPS Fleet Tracking System Market Size Forecast by Applications
12.10.1 Taxi Tracking
12.10.2 Logistics Transportation Tracking
12.10.3 Racing Vehicle Tracking
12.10.4 Other
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) GPS Fleet Tracking System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) GPS Fleet Tracking System 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) GPS Fleet Tracking System Market Size Forecast by Type
13.6.1 On-premise
13.6.2 Cloud Based
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) GPS Fleet Tracking System Market Size Forecast by Applications
13.10.1 Taxi Tracking
13.10.2 Logistics Transportation Tracking
13.10.3 Racing Vehicle Tracking
13.10.4 Other
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 GPS Fleet Tracking System Market: Competitive Dashboard
14.2 Global GPS Fleet Tracking System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GPS TrackIt
14.3.2 Teletrac Navman (Fortive)
14.3.3 Quartix
14.3.4 Verizon Connect
14.3.5 Nextraq (Francisco Partners)
14.3.6 Advanced Tracking Technologies
14.3.7 Brickhouse Security
14.3.8 Budget GPS
14.3.9 CalAmp
14.3.10 Fleetio
14.3.11 Fleetmatics
14.3.12 Zonar
14.3.13 FleetWave
