Global Internet of Things (IoT) Fleet Management Market 2025 with Focus on Emerging Technologies, Global Trends, Competitive Landscape, Regional Analysis & Forecasts
According to a new report published by Reports Monitor titled, “ Global Internet of Things (IoT) Fleet Management Market, Growth Opportunities, Innovations and Forecast, 2018-2025,” the Internet of Things (IoT) Fleet Management market was valued at XX million in 2018, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2018 to 2025.
The increasing developments in internet of things services are influencing the growth of the fleet management market. Internet of Things benefits the fleet management systems by making them more efficient and reliable. IoT provides advantages such as efficient vehicular route tracking and navigation, cost effectiveness, safety and time management and vehicular sustainability.
The increasing demand for vehicular safety, need for productivity, minimization of risk factors and well organized and easy communication between vehicles are factors fuelling market growth. The ever increasing number of vehicles is growing the demand for such technologies. The progress in wireless digital technologies is benefitting market growth. Oracle offers IoT fleet monitoring cloud which helps to keep track and locate vehicles in transit. Concerns such as increasing cost due to implementation of IoT systems and services are affecting market growth. Lack of awareness among underdeveloped nations may affect the global market.
The Internet of Things Fleet Management market research report provides key insights on the growth opportunities of this market based on regions, applications and upcoming technologies. It includes detailed analysis of the current market situations such as market size, upcoming developments and investments. Major advancements and key strategies of major companies such as mergers and acquisitions, value chain analysis and swot analysis have also been included in this report. The report has been composed by carrying out in-depth analysis of both primary and secondary data sources.
The global Internet of Things fleet management market is bifurcated into segments such as vehicle type, application area and solution. In terms of the vehicle type we have taxicabs, cars, buses and trucks. In the application area they are mainly used with commercial vehicles and passenger cars. On the basis of solution the market is segmented into fuel management, fleet analytics, GPS tracking and monitoring, remote diagnostics, vehicle maintenance, route planning and many others. Omnitracs’ Fault Monitoring monitors vehicle diagnostics and informs the driver if any fault occurs.
North America is having dominance in this market owing to factors such as higher number of fleet management companies, higher vehicle sales rate and rising digitization in all sectors. The marketing analysis has taken place across regions North America, Europe, Asia Pacific (APAC) and Latin America, Middle East and Africa.
The key players in this market are: AT&T Inc., Intel Corporation, Cisco Systems, Trimble Inc., Fleetmatics, International Business Machines Corporation, Oracle Corporation, Sierra Wireless, Tom Tom International BV, Omnitracs and Telefonica S.A.
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