Fleet industry is on the boom around the world. The fleet management market is anticipated to increase from USD 25.5 billion in 2022 to USD 52.4 billion by 2027, according to a recent Markets and Markets research. In the post-pandemic environment, the fleet management sector has advanced faster as businesses adopt new digital trends to boost productivity and cut expenses. New options are presented by service providers like white label GPS tracking software to cater to the varying needs of businesses.
As more businesses release high-end versions that improve communication through greater data sharing and sophisticated fleet software, EV usage is anticipated to increase even further in 2023. The global market for zero-emission trucks is expected to increase quickly over the following ten years, according to an IDTechEx analysis titled "Electric and Fuel Cell Trucks 2024-2043." By 2043, the market for medium- and heavy-duty zero-emission trucks will be valued more than $200 billion a year.
As the sector lessens its reliance on diesel-powered cars and transitions to electronic and autonomous fleets, technology like fleet management software will be crucial in assisting organizations in achieving their sustainability goals.
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