Fleet Management Market: Demand Would Increase Rapidly By 2017 - 2025

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Global B2B Telecommunications Market: Overview

The global B2B telecommunications market is rapidly growing and is expected to further increase its growth pace in the coming years. In fact, the B2B telecommunications market is predicted to outpace the consumer telecom market. Access to high-speed internet and availability of smartphones has paved way for telecom companies to explore the global B2B communications market.

Transparency Market Research is coming out with a report on the key trends of the global B2B telecommunications market. It discusses the market overview, its drivers and restraints, in-depth analysis of the competitive dynamics, detailed geographical insights, and the key takeaways for market players.

Global B2B Telecommunications Market: Drivers and Restraints

One of the biggest drivers of the global B2B telecommunications market is the adoption of Internet of Things (IoT). It has been gaining impetus as it is cost effective, and facilitates wireless transactions and machine-to-machine communications. Easy access to high-speed broadband, penetration of the internet in remote areas, and availability of storage devices is fuelling the growth of the global B2B telecommunications market.

Besides, B2B telecommunication solutions have eliminated the need for face-to-face communications. In this manner, they have helped companies cut-down on travel expenses and reduce dependency on conferences to reach out to prospective clients. These solutions have also facilitated knowledge sharing among players in the market.

Some solutions focus on managing complexities involved in delivering and supporting several customized products and services. They ease managing service level agreements (SLAs) and complicated fulfilment process for a company’s customer management system.

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A major restraint facing telecommunication companies in the global B2B telecommunications solutions market is the lack of resources. With consumer business as the focus, most telecom companies have deployed junior employees to handle the B2B business.

Global B2B Telecommunications Market: Geographical Analysis

North America is expected to hold the largest share of the global B2B telecommunications market followed by Europe. It is also predicted that the Asia Pacific region will be growing at the fastest pace. Faster adoption of cloud and VoIP (Voice over Internet Protocol) are the key reasons for the rapid growth. Latest developments in the media and entertainment, and telecom industries are pushing the growth in India, China and South Korea. This in turn is supporting the speedy growth of Asia Pacific B2B telecommunications market.

Global B2B Telecommunications Mark

Owing to increase in volume of transport operations, the demand for solutions on the fleet management front is increasing too. As per Transparency Market Research study on the market, “The global fleet management solution market will chart a stellar CAGR of 22.6% from 2017 to 2025 over the forecast period. The demand is generated due to introduction of reduction in running costs by these solutions in the business operations of logistics and transport companies. Besides these also lead to better safety and monitoring of fleet, leading to optimization of operations.”

Certain factors that are supporting the growth of this market are associated with technological adoption and advancement in the field. For instance, it is significant to note here that the market is hugely benefitted from adoption and advancement of wireless technology, ELD, and so on. Besides, as international trade is increasing, so is the need for seamless fleet management solutions. As prices of these solutions decrease due to innovation, local players are also set to get on-board the fleet management solutions bandwagon.

Also, as mentioned above, certain benefits that market players accrue by adoption of these solutions is a major factor of growth in the market. Some of these that are not mentioned above include wide area coverage, quick response and quick access, increase in productivity and efficiency, and thus achieving better ROI (Return on Investments).

Asia Pacific Region to Present Global Fleet Management Solution Market Players with Untapped Growth Opportunities over the Forecast Period

Due to United States’ massive contribution in terms of revenue, North America will account for a major chunk of market share over the forecast period. Besides, the country will reap benefits from the presence of several top players existing in the regional landscape. Besides, support would build up from the OEM corner.

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However, as per TMR, “Lead in terms of growth would be demonstrated by Asia Pacific (APAC) due to demand arising from countries such as Japan, China, and India due to trade volumes, robust logistics infrastructure and improving disposable income levels over the forecast period.” This region will thus create new opportunities which will keep players hooked.

The Global Fleet Management Solution Market to Witness Fragmented Landscape over Forecast Period

Top players dabbling in the global fleet solution management solution market are Trimble Inc., Element Fleet Management Corp., Daimler Fleet Management GmbH, JDA Software Group, Inc., Wheels, Inc., MiX Telematics Ltd., TomTom Telematics BV., Magellan Navigation, Inc., Emkay, Inc., and Telogis, Inc., among others. The number of players is decent and this makes it fragmented. Players are deploying a number of organic and inorganic strategies to gain edge over market competitors to gain a better hold on market share. Some of the prominent strategies observes by experts are strategic mergers and collaborations.

Global Fleet Management Solution Market, By Deployment

  • Cloud
  • On-Premise

Global Fleet Management Solution Market, By Type

  • Vehicle Management
  • Driver Management
  • Operations Management

Global Fleet Management Solution Market, By End-Use Industry

  • Transportation & Logistics
  • Automotive
  • Retail
  • Government
  • Shipping

et: Competitive Dynamics

There are several key players in the global B2B telecommunications market. Those include Verizon Communications Inc., AT&T Inc., Cisco Systems Inc., Vodafone Group PLC., Deutsche Telecom, and Orange S.A.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.a

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