Press release
Smart Fleet Management Market Growth By Major Players: Harman International Industries, Robert Bosch GmbH, Siemens AG, Denso, IBM, Continental AG, Cisco Systems, Sierra Wireless, Calamp, OTTO Marine, Precious Shipping, Globecomm Systems.
Global Market Insights
Smart Fleet Management Market to gain momentum during the forecast timeframe owing to the rise in demand for fleet monitoring and real-time tracking to reduce the transportation cost. The increase in stringent government regulations pertaining to safety is expected to propel the demand for these systems. Smart fleet management systems market enables operators to keep a check on factors such as route management, fuel consumption, vehicle maintenance, and driver performance. These systems provide a dedicated server for fleet data and security in a single system, which is anticipated to increase the customer inclination toward these solutions.
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Top Key Players: -
Some of the key players in the smart fleet management market are Harman International Industries, Inc., Robert Bosch GmbH., Siemens AG, Denso Corporation, IBM Corporation, Continental AG, Cisco Systems, Inc., Sierra Wireless, Inc., Calamp Corp., OTTO Marine Ltd., Precious Shipping Co. Ltd., and Globecomm Systems, Inc. The presence of primarily big players characterizes the smart fleet management market.
Market share calculation in this report is not done based on companies covered in it. The calculation of smart fleet management market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
Regional Segmentations: -
The smart fleet management market in the Asia Pacific region is expected to grow at a remarkable pace owing to increasing stringency in regulations and rising transportation facilities in countries including India, China, and Japan. The governments in these countries are compelling the OEMs to implement these systems in vehicles owing to the changing approach toward the safety of drivers, passengers, fleet operators, and goods.
Improving trade and socio-economic conditions in Thailand, Indonesia, and Malaysia have increased the demand for premium fleets with high safety features, thus positively impacting the smart fleet management market growth.
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Increased emphasis on energy/fuel efficiency in vehicle operations in addition to the need for high-speed networks is encouraging the adoption of these systems. Advancements in Internet of Things (IoT) and wireless technology are expected to bring new capabilities to these systems, thus fueling the demand. An increase in the mobile connectivity to deliver safer, cost-effective, and greener services is expected to augment the smart fleet management market over the forecast period.
The high cost of these systems and their complexity are anticipated to be the factors restraining the smart fleet management market size. Continuously increasing fleet sizes and the routes traveled increase the complexity of the system. The abundant amount of data generated by continuous location tracking of the vehicles is likely to challenge the industry growth.
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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