Fleet Management Procurement Intelligence anticipated to witness growth at a CAGR of 16.4% from 2023 to 2030
Fleet Management Procurement Intelligence The fleet management category is anticipated to witness growth at a CAGR of 16.4% from 2023 to 2030. In 2022, North America accounted for 39% of the market share followed by Asia-Pacific and Europe. North America currently holds a dominant position in the global industry with the U.S. being a dominant nation in the region as it is home to several enormous market participants. Industry players support businesses working in different sectors by streamlining their fleet operations to reduce their operating expenses and offer various services such as fuel management, driver management & performance monitoring, vehicle maintenance, vehicle purchase/lease, funding, offering consultation, etc. Technologies such as advanced driver assistance system (ADAS), electronic logging device (ELD) compliance system, artificial intelligence (AI), Internet of Things (IoT), machine learning (ML), and global positioning system (GPS) are playing a vi...