Global IoT Fleet Management Market Size is anticipated to grow at a CAGR of 22.2% by 2024, Leading Key Players Like: Trimble, Omnitracs, Fleetmatics (Verizon), AT&T, IBM, Teletrac Navman, TomTom, Oracle, Intel, Cisco Systems, Sierra Wireless

According to this study, over the next five years the IoT Fleet Management market will register a 22.2% CAGR in terms of revenue, the global market size will reach US$ 12700 million by 2024, from US$ 3810 million in 2019. In particular, this report presents the global revenue market share of key companies in IoT Fleet Management business.

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A fleet management system is formed by the integration of hardware, software, and communication technologies. It provides a platform to fleet operators to efficiently control, track, and monitor commercial vehicles. They improve the overall operational efficiency by reducing the non-value-added activities of the operators. Fuel cards are used for fuel management while driver safety systems monitor driver behavior. Other solutions are employed for locational tracking of vehicles, driver navigation assistance, and ensuring that the operators meet the regulatory standards set by their respective national governments.

The major players who are operating in the IoT fleet management market globally have been profiled thoroughly and competitively in the study across all the give broad geographical regions that are covered under the purview of the report. The competitive analysis of all the market players is inclusive of their recent developments regarding IoT fleet management and the unique business strategies formulized by the companies to compete and retain their position in the global market.

The Internet of Things (IoT) helps in smooth connectivity of all the vehicles in a fleet, which not only helps to gain better insight into the driver's behavior but also assists in monitoring the health of the fleet from any device. Rising demand for fleet safety and data management coupled with the growing need to reduce the total cost of ownership (TCO) and achieve fuel efficiency are anticipated to drive the adoption of IoT technology in fleet management systems.

The key factors driving the growth of the IoT fleet management market are increased demand for optimized business operations, real-time fleet monitoring, and growing number of government mandates for fleet safety.

Routing management accounted for the largest share of the IoT fleet management market, 38.4% in 2016. The growth of this segment can be attributed to rising global road freight traffic and constant R&D activities to develop innovative products. Also, the continuous R&D activities by fleet solution providers to develop advanced products help the fleet companies to provide the shortest and less crowded route to fleet vehicles to avoid unnecessary overtime cost.

The North America region is expected to hold the largest share in the IoT fleet management market, 38% in 2016. The growth of the IoT fleet management market in this region can be attributed to increasing sales of fleet vehicles, high adoption rate of advanced technological products, and regulatory developments by the government.

IoT Fleet Management Market Segment by Top Manufacturers Including:
Trimble
Omnitracs
Fleetmatics (Verizon)
AT&T
IBM
Teletrac Navman
TomTom
Oracle
Intel
Cisco Systems
Sierra Wireless

Scope of the Report:

This report focuses on the IoT Fleet Management Market, especially in North America, Europe, Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, types and applications.

IoT Fleet Management Market Segment by Regions, regional analysis covers:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Market Segment by Type, covers:
Passenger Vehicles
Commercial Vehicles

Market Segment by Applications, can be divided into:
Routing Management
Tracking and Monitoring
Fuel Management
Remote Diagnostics
Others

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There are 15 Chapters to deeply display the global IoT Fleet Management market.

Chapter 1, to describe IoT Fleet Management Market Introduction, product scope, market overview, market opportunities, market risk, market driving force;

Chapter 2, to analyze the top manufacturers of IoT Fleet Management, with sales, revenue, and price of IoT Fleet Management, in 2016 and 2017;

Chapter 3, to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2016 and 2017;

Chapter 4, to show the global market by regions, with sales, revenue and market share of IoT Fleet Management, for each region, from 2013 to 2018;

Chapter 5, 6, 7, 8 and 9, to analyze the key regions, with sales, revenue and market share by key countries in these regions;

Chapter 10 and 11, to show the market by type and application, with sales market share and growth rate by type, application, from 2013 to 2018;

Chapter 12, IoT Fleet Management market forecast, by regions, type and application, with sales and revenue, from 2018 to 2023;

Chapter 13, 14 and 15, to describe IoT Fleet Management sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source

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Table of Contents:

1 IoT Fleet Management Market Overview
2 Manufacturers Profiles
3 Global IoT Fleet Management Market Competition, by Players
4 Global IoT Fleet Management Market Analysis by Regions
5 North America IoT Fleet Management Revenue by Countries
6 Europe IoT Fleet Management Revenue by Countries
7 Asia-Pacific IoT Fleet Management Revenue by Countries
8 South America IoT Fleet Management Revenue by Countries
9 Middle East and Africa Revenue IoT Fleet Management by Countries
10 Global IoT Fleet Management Market Segment by Type
11 Global IoT Fleet Management Market Segment by Application
12 Global IoT Fleet Management Market Size Forecast (2018-2023)
13 Research Findings and Conclusion
14 Appendix
14.1 Methodology
14.2 Data Source

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