The global demand for IoT Fleet Management Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026.
By definition, fleet management is the proper management of commercial motor vehicles including cars, vans, trucks, trailers, air crafts, ships, rail cars and speciality vehicles. Primarily, fleet management is the successful use of fleet with enhanced performance, increased output and reduced wastage. IoT in fleet management collects the data about traffic, vehicle speed, route, number of passengers, etc. and enables the fleet operator to automate the planning and processes during the fleet trips. IoT supported fleet uses system sensors and continuously monitor the status of various parameters such as speed, road traffic, route etc. The actuators in the system respond to the commands and take actions accordingly.
The increased preference for vehicles integrated with a smartphone is the major aspect that is supporting IoT enabled fleet management systems market. The other significant elements that are driving the market include demand for the optimum business operations, projected strict government regulations and ELD (Electronic Logging Mandate) for vehicles.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of IoT fleet management.
The entire IoT fleet management market has been sub-categorized into platform, service, cloud deployment, solution and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Cloud Deployment
- Device Management
- Application Enablement
- Network Management
- Driver Tracking & Monitoring
- Fleet Analytics
- Fuel Management
- Predictive Maintenance
- Remote Diagnostics
- Vehicle Tracking & Monitoring
- Commercial Vehicles
- Passenger Cars
This section covers regional segmentation which accentuates on current and future demand for IoT fleet management market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Europe IoT Fleet Management Market By Revenue (USD MN)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the IoT fleet management market include AT & T, Cisco Systems, Inc., Verizon, Trimble Inc., Tomtom International BV, IBM, Telefónica, Intel Corporation, Sierra Wireless, Omnitracs. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.