Fleet Management Market Demand, Status and Global Briefing 2022 to 2030
Fleet Management Market Overview The global fleet management market is growing continually, mainly due to the growing demand for improved communication mediums, performance monitoring solutions, and vehicle safety & security. Besides, the growth in fleet operations, especially in emerging nations, and an increase in demand for electric vehicles, escalates market shares. Increasing mobile phones and GPS technology usages boosts the market demand. With increasing advances in communication technologies, the market is expected to touch significant heights in the next few years. In this regard, Market Research Future (MRFR) states that the global fleet management market is projected to gain exponential traction by 2027, growing at a colossal CAGR during the forecast period (2020-2027). Additionally, developments in 3G/4G and 5G vehicle connectivity technologies fuel the market’s growth. Simultaneously, the penetration of autonomous and semi-autonomous vehicles and growth in cloud comp