IoT Fleet Management Market size Emerging Growth by Top Players |Trimble, Omnitracs, Fleetmatics (Verizon), AT&T, IBM, Teletrac Navman, TomTom, Oracle, Intel, Cisco Systems and Sierra Wireless

MarketStudyReport.com present the report on global IoT Fleet Management Market evaluates the growth trends of the industry through historical study and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2019-2024.

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.

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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.
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.

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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What does the report encompass

The regional spectrum of the IoT Fleet Management market

The IoT Fleet Management market report, as far as the regional scope is concerned, categorizes this industry into USA, Europe, Japan, China, India, South East Asia. The study includes information about the product consumption across the concerned geographies.
The valuation that each region will account for as well as the market share that each topography will hold are included in the study.
The report elucidates the product consumption growth rate spanning the geographies in question and the consumption market share.
The regional consumption rate in accordance with the product types and applications is also encompassed.
A run-through of the market segmentation

With respect to the product type, the IoT Fleet Management market is segmented into
Passenger Vehicles
Commercial Vehicles
. The study also includes the market share that every product accounts for as well as the estimated valuation.
In addition, the study is inclusive of the consumption (growth rate and revenue) of each product as well as the sales price over the projected duration.
With regards to applications, the report segments the IoT Fleet Management market into
Routing Management
Tracking and Monitoring
Fuel Management
Remote Diagnostics
Others
. The market share accounted for by each application as well as the estimated revenue that each application would account for is included in the report.
Drivers & Challenges

The IoT Fleet Management market report delivers information about the driving factors impacting the revenue scale of this industry as well as their influence on the commercialization graph of this business sphere.
The research study incorporates the latest trends proliferating the IoT Fleet Management market in conjunction with the challenges that this business vertical will be remnant of, over the forecast duration.
Marketing Strategies Undertaken

The report encompasses a brief of the numerous tactics that are adopted by prominent stakeholders with respect to the product marketing.
The sales channels which are adopted by manufacturers are also briefly mentioned in the report.
The distributors of these products in addition to an overview of the top-notch customers for the same are included in the study.
An evaluation of the pivotal competitors in the industry:

A brief overview of the manufacturer base of the IoT Fleet Management market, which is basically inclusive of
Trimble
Omnitracs
Fleetmatics (Verizon)
AT&T
IBM
Teletrac Navman
TomTom
Oracle
Intel
Cisco Systems
Sierra Wireless
as well as the distribution parameters and sales area, have been provided.
The report enumerates details of every vendor, like a brief overview, products manufactured, and the company profile.
Also, the IoT Fleet Management market report exclusively concentrates on the price models, revenue procured, product sales, and gross margins.
For More Details On this Report: https://www.marketstudyreport.com/reports/global-iot-fleet-management-market-growth-status-and-outlook-2019-2024

Some of the Major Highlights of TOC covers:

Chapter 1: Methodology & Scope

Definition and forecast parameters

Methodology and forecast parameters

Data Sources

Chapter 2: Executive Summary

Business trends

Regional trends

Product trends

End-use trends

Chapter 3: IoT Fleet Management Industry Insights

Industry segmentation

Industry landscape

Vendor matrix

Technological and innovation landscape

Chapter 4: IoT Fleet Management Market, By Region

Chapter 5: Company Profile

Business Overview

Financial Data

Product Landscape

Strategic Outlook

SWOT Analysis

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