The report titled “IoT Fleet Management Market” report will be very useful to get a stronger and effective business outlook. It provides an in-depth analysis of different attributes of industries such as trends, SWOT analysis, policies, and clients operating in several regions. The qualitative and quantitative analysis techniques have been used by analysts to provide accurate and applicable data to the readers, business owners and industry experts.
The global IoT Fleet Management market size was 3810 million US$ and it is expected to reach 17500 million US$ by the end of 2025, with a CAGR of 21.0% during 2019-2025.
A fleet management system is formed by the integration of hardware, software, and communication technologies. It provides a platform for fleet operators to efficiently control, track, and monitor commercial vehicles. They improve the overall operational efficiency by reducing the non-value-added activities of the operators. Fuel cards are used for fuel management while driver safety systems monitor driver behavior. Other solutions are employed for locational tracking of vehicles, driver navigation assistance, and ensuring that the operators meet the regulatory standards set by their respective national governments.
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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global IoT Fleet Management Market: Trimble, Omnitracs, Fleetmatics (Verizon), AT&T, IBM, Teletrac Navman, TomTom, Oracle, Intel, Cisco Systems, Sierra Wireless and others.
The Internet of Things (IoT) helps in smooth connectivity of all the vehicles in a fleet, which not only helps to gain better insight into the driver’s behavior but also assists in monitoring the health of the fleet from any device. Rising demand for fleet safety and data management coupled with the growing need to reduce the total cost of ownership (TCO) and achieve fuel efficiency are anticipated to drive the adoption of IoT technology in fleet management systems.
Global IoT Fleet Management Market Split By Product Type and Applications:
This report segments the global IoT Fleet Management Market on the basis of Types are:
On the basis of Application, the Global IoT Fleet Management Market is segmented into:
Tracking and Monitoring
Regional Analysis For IoT Fleet Management Market:
For the comprehensive understanding of market dynamics, the global IoT Fleet Management Market is analysed across key geographies namely: United States, China, Europe, Japan, South-east Asia, India and others. Each of these regions is analysed on the basis of market findings across major countries in these regions for a macro-level understanding of the market.
Important Features that are under Offering and Key Highlights of the Reports:
– Detailed overview of IoT Fleet Management Market.
– Changing market dynamics of the IoT Fleet Management Market industry.
– In-depth segmentation of IoT Fleet Management Market by Type, Application etc.
– Historical, current and projected market size in terms of volume and value.
– Recent industry trends and developments.
– Competitive landscape of IoT Fleet Management Market.
– Strategies of key players and product offerings.
– Potential and niche segments/regions exhibiting promising growth.
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