IoT Fleet Management Market Expected to Hit $13.17 Billion by 2023, growing at a CAGR of 22.5% | Global Key Vendors - Cisco, Trimble, IBM, Intel, Omnitracs, AT&T, Verizon Communications, Tomtom

Marketprognosis.com Publish a New Market Research Report On “IoT Fleet Management - Global Market Outlook (2017-2023)” which contains global key player’s survey information and forecast to 2023.

Overview of the Global IoT Fleet Management Market:

The Global IoT Fleet Management Market is accounted for $3.17 Billion in 2016 and is expected to reach $13.17 Billion by 2023 growing at a CAGR of 22.5% during the forecast period. Requirement for optimum operational efficiencies and increasing trends towards smartphone integration with vehicles are factors contributing for the market growth. However, absence of IoT infrastructure in emerging countries is restricting the market. Moreover, Truck Platooning, Cloud and Fog Computing Analytics provide huge growth opportunities for the market.

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Fleet Management is a capacity which permits organizations which depend on transportation in business to expel or limit the dangers related with vehicle investment, improving efficiency and productivity and diminishing their general transportation and staff costs, giving 100% consistence government enactment and some more. The hybrid model has a significant growth in the market due to benefits such as higher flexibility of data management and adequate data implementation privilege at lesser prices. It allows data backup and recovery on cloud infrastructure.

Geographically, Americas region has acquired the largest market share in the IoT fleet management market owing to expanding offers of fleet vehicles, high appropriation rate of advanced technological products and administrative advancements by the government. Likewise, a portion of the Original Equipment Manufacturers (OEM) in this region, for example, Volvo Trucks and Daimler Trucks North America, LLC began offering telematics arrangements either freely or in association with fleet arrangement suppliers.

Major Key Players:

1 Cisco Systems, Inc.

2 Trimble, Inc.

3 International Business Machines Corporation (IBM)

4 Intel Corporation

5 Omnitracs, AT&T, Inc.

6 Verizon Communications, Inc. and More………….

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Market Segment by Platform:

1 Network management

2 Device management

3 Application Enablement Platform (AEP)

Market Segment by Cloud Deployment Model:

1 Public

2 Hybrid

3 Private

Market Segment by Services:

1 Managed

2 Professional

Market Segment by Fleet Type:

1 Public buses

2 Commercial Vehicles (CV)

3 Passenger Cars (PC)

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This study answers to the below key questions:

1 What will the market size be in 2023 and what will the growth rate be?

2 What are the key market trends?

3 What are the challenges to market growth?

4 Who are the key players in this market?

5 What are the market opportunities and threats faced by the key players?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of IoT Fleet Management Market.

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