MarketResearchNest.com
adds “Global IoT Fleet Management Market
2019 by Company, Regions, Type and Application, Forecast to 2024”new report
to its research database.
A fleet management system is formed by the integration of
hardware, software, and communication technologies. It provides a platform to
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.
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.
Scope of the Report:
The key factors driving the growth of the IoT fleet
management market are increased demand for optimized business operations,
real-time fleet monitoring, and growing number of government mandates for fleet
safety.
Routing management accounted for the largest share of the
IoT fleet management market, 38.4% in 2016. The growth of this segment can be
attributed to rising global road freight traffic and constant RandD activities
to develop innovative products. Also, the continuous RandD activities by fleet
solution providers to develop advanced products help the fleet companies to
provide the shortest and less crowded route to fleet vehicles to avoid
unnecessary overtime cost.
The North America region is expected to hold the largest
share in the IoT fleet management market, 38% in 2016. The growth of the IoT
fleet management market in this region can be attributed to increasing sales of
fleet vehicles, high adoption rate of advanced technological products, and
regulatory developments by the government.
The major players who are operating in the IoT fleet
management market globally have been profiled thoroughly and competitively in
the study across all the give broad geographical regions that are covered under
the purview of the report. The competitive analysis of all the market players
is inclusive of their recent developments regarding IoT fleet management and
the unique business strategies formulized by the companies to compete and
retain their position in the global market.
The global IoT Fleet Management market is valued at 3810
million USD in 2018 and is expected to reach 12700 million USD by the end of
2024, growing at a CAGR of 22.2% between 2019 and 2024.
The Asia-Pacific will occupy for more market share in
following years, especially in China, also fast growing India and Southeast
Asia regions.
North America, especially The United States, will still play
an important role which cannot be ignored. Any changes from United States might
affect the development trend of IoT Fleet Management.
Europe also play important roles in global market, with
market size of xx million USD in 2019 and will be xx million USD in 2024, with
a CAGR of xx%.
This report studies the IoT Fleet Management market status
and outlook of Global and major regions, from angles of players, countries,
product types and end industries; this report analyzes the top players in
global market, and splits the IoT Fleet Management market by product type and
applications/end industries.
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Research Report @
Market Segment by
Companies, this report covers
·
Trimble
·
Omnitracs
·
Fleetmatics (Verizon)
·
ATandT
·
IBM
·
Teletrac Navman
·
TomTom
·
Oracle
·
Intel
·
Cisco Systems
·
Sierra Wireless
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with in-depth TOC @
Market Segment by
Type, covers
·
Passenger
Vehicles
·
Commercial
Vehicles
Market Segment by
Applications, can be divided into
·
Routing
Management
·
Tracking
and Monitoring
·
Fuel
Management
·
Remote
Diagnostics
·
Others
Market Segment by
Regions, regional analysis covers
·
North America (United States, Canada and Mexico)
·
Europe (Germany, France, UK, Russia and Italy)
·
Asia-Pacific (China, Japan, Korea, India and
Southeast Asia)
·
South America (Brazil, Argentina, Colombia)
·
Middle East and Africa (Saudi Arabia, UAE,
Egypt, Nigeria and South Africa)
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