Skip to content
  • Home
  • World News
  • Business
  • Aviation
195 news

195News

All the news that's fit to print

  • Home
  • World News
  • Business
  • Aviation
  • Toggle search form
  • War Day 551: Return of Crimea, Zelensky Thesis
    War Day 551: Return of Crimea, Zelensky Thesis World News
  • Irit Tratt Featured in Algemeiner Event
    Irit Tratt Featured in Algemeiner Event World News
  • Sanctioning Individuals in Bosnia and Herzegovina for Corruption, Destabilizing Activity, and Drug Proliferation
    Sanctioning Individuals in Bosnia and Herzegovina for Corruption, Destabilizing Activity, and Drug Proliferation World News
  • War Day 206: war diaries w/Advisor to Ukraine President, Intel Officer @arestovych & #Feygin
    War Day 206: war diaries w/Advisor to Ukraine President, Intel Officer @arestovych & #Feygin World News
  • Peruvian Gastronomy Featured during New York City Wine & Food Festival
    Peruvian Gastronomy Featured during New York City Wine & Food Festival World News
  • Special Envoy Medina’s Travel to Pakistan
    Special Envoy Medina’s Travel to Pakistan World News
  • DiaGen Ai Inc. Announces Partnership with Cambridge, UK Based The Vaccine Group LTD. to Co-Develop Novel Vaccines
    DiaGen Ai Inc. Announces Partnership with Cambridge, UK Based The Vaccine Group LTD. to Co-Develop Novel Vaccines World News
  • Mini Mall Storage Offers Drive Up Storage Units And Parking Spots For RVs, Boats, And Other Vehicles in Greencastle, IN
    Mini Mall Storage Offers Drive Up Storage Units And Parking Spots For RVs, Boats, And Other Vehicles in Greencastle, IN Business
Fleet management market is set to reach a valuation of USD 81.6 billion by 2031, according to SkyQuest Technology.

Fleet management market is set to reach a valuation of USD 81.6 billion by 2031, according to SkyQuest Technology.

Posted on October 14, 2024 By NewsEditor

WESTFORD, MA, UNITED STATES, October 14, 2024 /EINPresswire.com/ — Fleet Management Market size was valued at around USD 24.4 billion in 2022 and is expected to rise from USD 28.4 billion in 2023 to reach a value of USD 81.6 Billion by 2031, at a CAGR of 14.1% over the forecast period (2024–2031).

Download a detailed overview:

The logistics and transportation sector has benefited greatly from technological improvements. The need for faster deliveries is growing in the modern day. Fast and timely delivery of shipments is ensured by the widespread use of smartphones and the development of outstanding programs that provide a wide range of real-time tracking options.
There is a rapid growth in the global fleet management market due to the ever-increasing demands of efficiency, safety and compliance in transportation. Some of the key trends include the increased use of electric and autonomous vehicles, real-time monitoring using IoT and telematics, cost-oriented business strategies and sustainability.

The following are the key Fleet Management Trends that will shape the growth of the market in the next 5 years
Digital Evolution of Logistics through AI and Electric Fleets Leading the Charge Towards Sustainability
• In September 2024, most notably, global logistics companies such as DHL and UPS made headlines with their announcements of partnerships with technology companies to develop AI-based fleet management systems. This, in turn, will optimize the routing and cut down on the consumption of fuel, thus enabling these companies to rise to the top on account of efficiency and sustainability in the coming five years.
• Tesla and Rivian stepped up to extend their fleets in October 2024, the adoption of electric vehicles (EVs) by fleets was reported to be increasing. This orientation towards electrification is anticipated to spur huge investments on charging systems, fleet management software and will alter how operations are conducted and cut down on emissions in the years to come.
Long-Term Impact of Autonomous Technologies and Green Practices in Fleet Management
• In August 2024, the logistics majors, fedex and maersk, made an important announcement regarding their collaboration to work towards the development of completely automated delivery vehicles. The initiative is expected to change the last mile logistics industry and cut costs which could change the future of fleet management in ten years. This is due to the revolutionary changes in technology aimed at improving the efficiency of delivery services and delighting customers.
• The International Fleet Management Association (IFMA) revealed in November 2024 that the demand for sustainable practices is increasing amongst fleet operators. The investments made by companies such as Volvo and Daimler towards the development of electric vehicles and smart fleet solutions represent a paradigm shift towards eco-friendly operations that will close up in the market trends and regulatory framework in the next decade.

Request Free Customization of this report:

Synergy of Data Analytics and Electric Vehicles in Driving Logistics Forward
In December 2024, the logistics management company XPO Logistics unveiled its intentions to adopt sophisticated telematics systems to improve the management and efficiency of fleet operations. On the other hand, the following month – January of 2025 – Amazon showcased the all-electric delivery vans designed and built by Rivian with an eye towards lowering carbon emissions. Such initiatives by the key market contributors are expected to alter the global fleet management market, moving it towards sustainability and efficiency in the operations that will translate to great time and cost benefits with an enhanced delivery of services soon.

This report covers the following segments:
A. Component
1. Solution
2. Service
B. Fleet Type
1. Commercial Fleets
2. Passenger Vehicles
C. Vertical
1. Retail
2. Transportation & logistics
3. Healthcare & pharmaceuticals
4. Construction
5. Utilities
6. Oil
7. Gas and Mining
8. Government
9. Other verticals

View Report Summary and Table of Contents (TOC):

The report covers the following players:
1. Geotab (Canada)
2. Verizon Connect (USA)
3. Bridgestone Group (Japan)
4. Trimble (USA)
5. Samsara (USA)
6. Wheels (USA)
7. Inseego (USA)
8. Solera Group (USA)
9. Verra Mobility (USA)
10. Teletrac Navman (USA)
11. Holman (USA)
12. Orbcomm (USA)
13. Mix Telematics (South Africa)
14. Zebra Technologies (USA)
15. Motive (USA)

Technological Advancements, Sustainable Practices, and the Rise of Autonomous Fleet Management
The industry of logistics and transportation is currently experiencing radical changes driven by the innovations in technology and the increasing focus on sustainability. The inclusion of AI, the use of electric cars and the application of telematics are on the rise to improve efficiency and meet the needs of quicker and eco-friendly delivery services. Fleet management has already commenced a transformation process whose full extent can only be predicted in the next ten years with reasons that major companies such as FedEx, Maersk and Amazon are implementing cutting-edge technologies. This development will improve efficiency, minimize adverse effects on the environment and increase consumer satisfaction making the sector ready to flourish even more considering the nature of competition and concerns on the environment.

Related Report:
Smart Fleet Management Market

About Us:
SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.
We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization has expanded our reach across North America, Europe, ASEAN and Asia Pacific.
Visit Our Website: https://www.skyquestt.com/

Mr. Jagraj Singh
Skyquest Technology Consulting Pvt. Ltd.
+1 351-333-4748
email us here
Visit us on social media:
LinkedIn

Legal Disclaimer:

EIN Presswire provides this news content “as is” without warranty of any kind. We do not accept any responsibility or liability
for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this
article. If you have any complaints or copyright issues related to this article, kindly contact the author above.

Fleet management market is set to reach a valuation of USD 81.6 billion by 2031, according to SkyQuest Technology.

You just read:

News Provided By

October 14, 2024, 12:05 GMT


EIN Presswire’s priority is author transparency. We do our best to weed out false and misleading content. The content above is
the sole responsibility of the author who makes it available. If you have any complaints, kindly contact the author above.

Article originally published on www.einpresswire.com as Fleet management market is set to reach a valuation of USD 81.6 billion by 2031, according to SkyQuest Technology.

World News

Post navigation

Previous Post: Loader Global Market 2024 To Reach $29.3 Billion By 2028 At Rate Of 4.6%
Next Post: Medical Ceramics Market Segments, Drivers, Restraints, And Trends For 2024-2033

Related Posts

  • Day 416: war diaries w/Former Advisor to Ukraine President, Intel Officer  @arestovych  & #Feygin
    Day 416: war diaries w/Former Advisor to Ukraine President, Intel Officer @arestovych & #Feygin World News
  • Advancements In Gene Therapy Fueling Industry Growth
    Advancements In Gene Therapy Fueling Industry Growth World News
  • War Day 247: war diaries w/Advisor to Ukraine President, Intel Officer @Alexey Arestovych & #Feygin
    War Day 247: war diaries w/Advisor to Ukraine President, Intel Officer @Alexey Arestovych & #Feygin World News
  • Michael Nacke: The Battle for Kyiev. How Ukraine stopped the Russian army in Feb ’22.
    Michael Nacke: The Battle for Kyiev. How Ukraine stopped the Russian army in Feb ’22. World News
  • War Day 148: war diaries w/Advisor to Ukraine President, Intel Officer @Alexey Arestovych  & #Feygin
    War Day 148: war diaries w/Advisor to Ukraine President, Intel Officer @Alexey Arestovych & #Feygin World News
  • Ukraine claims hundreds of Russian soldiers killed by missile attack – BBC News
    Ukraine claims hundreds of Russian soldiers killed by missile attack – BBC News World News
June 2025
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
30  
« May    
last celebrity gossip
Gossip Stone - celebrity life and gossip

Recent Posts

  • Market Share, Segments, and Emerging TrendsJune 23, 2025
  • IMPORTANT NOTICE TO ARMADA WASTE MANAGEMENT/GPB WASTE MANAGEMENT INVESTORS WHO SUFFERED LOSSESJune 23, 2025
  • R2 Recycling Expands E-Waste Pickup Services for Businesses & SchoolsJune 23, 2025
  • IMPORTANT NOTICE TO GPB NYC DEVELOPMENT INVESTORS WHO SUFFERED LOSSESJune 22, 2025
  • Alexander Döll Appointed CEO of the Methanol InstituteJune 22, 2025
Brand Values Content
VUGA Enterprises - media network PR & Marketing
  • Rising Demand for Advanced Diagnostic Solutions
    Rising Demand for Advanced Diagnostic Solutions Business
  • International African Energy, Oil & Gas Summit (IAEOGS) 2025 Set for August in Namibia Amid Record Investment Growth
    International African Energy, Oil & Gas Summit (IAEOGS) 2025 Set for August in Namibia Amid Record Investment Growth Business
  • FAA Hits 1,500-Controller Hiring Goal for 2023
    FAA Hits 1,500-Controller Hiring Goal for 2023 Aviation
  • Zelensky’s Visit to US. Global “Game of Thrones”. War in Ukraine, Analytics. Arestovich, Romanenko.
    Zelensky’s Visit to US. Global “Game of Thrones”. War in Ukraine, Analytics. Arestovich, Romanenko. World News
  • War Day 233: war diaries w/Advisor to Ukraine President, Intel Officer @arestovych & #Feygin
    War Day 233: war diaries w/Advisor to Ukraine President, Intel Officer @arestovych & #Feygin World News
  • War in Ukraine, Analytics. Day 838 (part1): What Are the Components of a Possible Defeat?
    War in Ukraine, Analytics. Day 838 (part1): What Are the Components of a Possible Defeat? World News
  • US Artificial Disc Market Has Seen Exceptional Growth in 2022, Driven by Zimvie, Centinel Spine, and Orthofix
    US Artificial Disc Market Has Seen Exceptional Growth in 2022, Driven by Zimvie, Centinel Spine, and Orthofix World News
  • PMCF Advises Enviroplas on Its Merger With Aurora Plastics, a Portfolio Company of Nautic Partners
    PMCF Advises Enviroplas on Its Merger With Aurora Plastics, a Portfolio Company of Nautic Partners Business
aerospace company
stem cell clinic in kiev
medical spa in miami
Fashion TV free

Copyright © 2023 195 News. All Rights Reserved by Coolaser | Partner of VUGA Enterprises |  Advertising: Get Published

Powered by .