Global Fuel Management Software Market Overview:
Fuel Management Software is digital solutions that are used to monitor, control, and manage fuel stocks as well as fuel consumption. This software can be used across industries that use any kind of logistics or transportation. Automotive, Aircraft, and Railways are types of transportation according to which this fuel management software can be segmented. The rise of trade, and enhanced focus on sustainability, as well as energy conservation, has led to the growth of the fuel management software market. Another reason driving the growth of the fuel management software market is the adoption of digital transportation technology and other solutions across the industries. Geographically, North America and the Asia Pacific are expected to be prominent markets of fuel management software. Some of the players profiled in the study are FuelCloud (United States), TruckMaster Logistics Systems (United States), Rarestep, Inc. (United States), Gilbarco Veeder-Root (United States), PIUSI (Italy), Franklin Fueling Systems (United States), Triscan Group (United Kingdom), Banlaw (Australia), FuelPlus Group (Germany) and WolfByte Software Inc. (Canada).
On the basis of geography, the market of Fuel Management Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Deployment Mode, the sub-segment i.e. Cloud-Based will boost the Fuel Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Components, the sub-segment i.e. Software will boost the Fuel Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Users, the sub-segment i.e. Oil and Gas will boost the Fuel Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Transportation, the sub-segment i.e. Automotive will boost the Fuel Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Increasing Focus on Conserving Fuel and Reducing Transportation Costs
- Rising Adoption of Digital Solutions by Logistics Companies
- Transportation and Logistics are the Largest End-User Segment
- Poor IT and Telecom Infrastructure in Developing Countries
- South East Asia can be Potential Big Beneficiary of this Software due to Petroleum Deposits and High Volume of Trade Transportation
- Suspicion about Efficiency of Fuel Management Software by Various Stakeholders
- Educating Existing Professionals about Working of Fuel Management Software
Key Market Developments:
In 2020, Omnitracs, LLC, US-based one of the market leaders in fleet and fuel management digital solutions provider has announced the acquisition of SmartDrive, which has established itself as a market innovator in video-based safety and transportation intelligence solutions. The acquisition will lead the two companies to combine their expertise to offer class apart complete comprehensive transportation technology solutions.
In 2019, PDI Software, known as one of the market leaders in enterprise management software solutions has announced the completion of the acquisition of FACTOR, a fuel management digital solutions provider. The factor was earlier a branch of WR Hess Co. The acquisition will bolster PDI’s solutions for the petrochemical industry.
Fuel Management Software Providers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Analysts and Strategic Business Planners, End-Use Industries and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Fuel Management Software market on the basis of product  , application [Fuel Transportation Tracking, Fuel Storage Monitoring and Access Control & Fuel Dispensing], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Fuel Management Software market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Fuel Management Software industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are Fleetx (India), Samsara Software (United States) and Spireon (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Fuel Management Software market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.