Global Smart Fleet Management Market 2026: Professional analysis with study of Driving Factors, Key Players, Growth Opportunities & Restraints, technological developments and changing trends
The Global Smart Fleet Market is anticipated to reach around USD 629.5 billion by 2026. In 2017, the automotive segment dominated the global market, in terms of revenue. In 2017, North America accounted for the majority share in the global Smart Fleet market.
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Major Key Player in Global Market: -
Cisco Systems, Inc.
Robert Bosch GmbH
Sierra Wireless, Inc.
Zonar Systems, Inc.
OTTO Marine Limited
Harman International Industries, Inc.
Globecomm Systems Inc.
Globecomm Systems Inc.
The increasing need to track and monitor fleets to increase operational efficiency, and reduce costs drives the Smart Fleet Market growth. Organizations are increasingly adopting smart fleet systems to increase efficiency and manage high volume of fleets. The growing need for high speed networks further accelerates the adoption of smart fleet systems. Other factors driving the market growth include growing need to reduce operational costs, increase profitability, and avoid road congestions and accidents. New emerging markets, increasing need to monitor driver behavior, and growing safety concerns are factors expected to influence the market in the coming years.
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The various mode of transportation covered in the report include automotive, rolling stock, and marine. Use of smart fleet solutions in automotive sector offers remote monitoring, fuel management, remote diagnostics, and route optimization among other functionalities. Increasing safety concerns, and government regulations regarding vehicular emissions support the growth of this segment.
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