Global Fleet Management Market and its Trends
In this day and age, transportation has become an essential part of human life. From the daily commute to moving cargo and logistics, different aspects of transportation are involved in our lives. Fleet businesses have become indispensable for every country as they contribute a huge chunk of revenue in the economy. The dire need of these businesses has resulted in the emergence of fleet management. Nowadays, Fleet Management is one of the booming industries globally. The increase in fleet companies has resulted in the growing demand for management solutions. Let us look at the various aspects of fleet management market. Market Overview: Fleet management market size is currently 20.6 billion $ in 2021, which is projected to reach 33.9 billion $ by 2026. The CAGR (Compound Annual Growth Rate) for 2021-2026 is estimated to be 10.5%. Many role players in the industry result in a diverse market. A high growth rate is recorded for the cloud computing and analytics tools that help co