IoT Fleet Management Market Global Outlook, Business Overview, Demand and Future Scope 2024: Trimble, Omnitracs, Fleetmatics (Verizon), AT&T, IBM, Teletrac Navman, TomTom Oracle, Intel, Cisco Systems, Sierra Wireless
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 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.
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market.
The key manufacturers covered in this report: Trimble, Omnitracs, Fleetmatics (Verizon), AT&T, IBM, Teletrac Navman, TomTom Oracle, Intel, Cisco Systems, Sierra Wireless
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Get more Information Download a Sample Copy at www.reportsweb.com/inquiry&RW00012501661/sample
Segmentation by product type:
Segmentation by application:
Tracking and Monitoring
To study and analyze the global IoT Fleet Management market size by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of IoT Fleet Management market by identifying its various subsegments.
Focuses on the key global IoT Fleet Management players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the IoT Fleet Management with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of IoT Fleet Management submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Get Exclusive Discount on Report @ www.reportsweb.com/inquiry&RW00012501661/discount
Table of Contents
2019-2024 Global IoT Fleet Management Market Report (Status and Outlook)
1 Scope of the Report
2 Executive Summary
3 Global IoT Fleet Management by Players
4 IoT Fleet Management by Regions
8 Middle East & Africa
9 Market Drivers, Challenges and Trends
10 Global IoT Fleet Management Market Forecast
11 Key Players Analysis
11.1.1 Company Details
11.1.2 IoT Fleet Management Product Offered
11.1.3 Trimble IoT Fleet Management Revenue, Gross Margin and Market Share (2017-2019)
11.1.4 Main Business Overview
11.1.5 Trimble News
11.2.1 Company Details
11.2.2 IoT Fleet Management Product Offered
11.2.3 Omnitracs IoT Fleet Management Revenue, Gross Margin and Market Share (2017-2019)
11.2.4 Main Business Overview
11.2.5 Omnitracs News
11.3 Fleetmatics (Verizon)
11.3.1 Company Details
11.3.2 IoT Fleet Management Product Offered
11.3.3 Fleetmatics (Verizon) IoT Fleet Management Revenue, Gross Margin and Market Share (2017-2019)
11.3.4 Main Business Overview
11.3.5 Fleetmatics (Verizon) News
Place Direct Purchase order For Complete report @ www.reportsweb.com/buy&RW00012501661/buy/3660
Name: Sameer Joshi
ReportsWeb.com is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost effective research reports and solutions from various publishers. We provide best in class customer service and our customer support team is always available to help you on your research queries.
533, 5th floor, Amanora Township,
Amanora Chambers, East Block,
Kharadi Road, Hadapsar, Pune-411028
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release IoT Fleet Management Market Global Outlook, Business Overview, Demand and Future Scope 2024: Trimble, Omnitracs, Fleetmatics (Verizon), AT&T, IBM, Teletrac Navman, TomTom Oracle, Intel, Cisco Systems, Sierra Wireless here
News-ID: 1610774 • Views: 840
More Releases from ReportsWeb
Virtualized Multi-tenant Data Center Market Growth Set to Surge Significantly du …
Global Virtualized Multi-tenant Data Center Market 2019 by Company Regions Type and Application Forecast to 2024 This report mainly studies Virtualized Multi-tenant Data Center (VMDC) market.A multi-tenant data center (MTDC), also known as a colocation data center, is a facility where organizations can rent space to host their data. MTDCs provide the space and networking equipment to connect an organization to service providers at a minimal cost.? The Asia-Pacific will occupy for
Internet Messaging Platform Market Set for Rapid Growth During 2019 - 2024 | Syc …
Global Internet Messaging Platform Market 2019 by Company Regions Type and Application Forecast to 2024 An Internet messaging platform is any system on the Internet that exchanges messages for the purpose of human communications. The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions. North America, especially The United States, will still play an important role which cannot be ignored. Any
Proximity Mobile Payment Market Trends Analysis, Demand, Future Scenario and Gro …
Global Proximity Mobile Payment Market 2019 by Company Regions Type and Application Forecast to 2024 Mobile payment generally refers to payment services operated under financial regulation and performed from or via a mobile device. This report studies the Proximity Mobile Payment. The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions. North America, especially The United States, will still play an
Online Betting Market Growth Prospects, Demand, Future Scenario and Key Vendors: …
Global Online Betting Market 2019 by Company Regions Type and Application Forecast to 2024 Online Betting is the wagering of money or something of value (referred to as "the stakes") on an event with an uncertain outcome with the primary intent of winning money or material goods. The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions. North America, especially The
More Releases for IoT
Global IoT Gateway Market
Global IoT Gateway Market – Industry Analysis and Forecast (2018-2026) – by Node, Connectivity Technology, Component, Application, and Region. Global IoT Gateway Market was valued US$ 11.5 Bn in 2017 and is expected to reach US$ 85 Bn by 2026, at a CAGR of 28.41 % during the forecast period. The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated
Global IoT Software Market
Global IoT Software Market is segmented into type, application, and geography. On the basis of type, a market is segmented into Real-time Streaming, Analytics Software, Security Solution Software, Data Management Software, Remote Monitoring System Software, and Network Bandwidth Management Software Global IoT Software Market was valued US$ 1.5 Bn in 2017 and expected to reach US$ 7.9 Bn in 2016, at CAGR 23.8% during forecast period. Browse Complete Premium Research
Global IOT Sensors Market
Global IOT Sensors Market – Industry Analysis and Forecast (2016-2024) Global IOT Sensors Market was valued at more than US$ 4 Bn in 2016 and is expected to cross US$ 45 Bn by 2024, at CAGR of more than 40%. The increase in IoT sensors market growth is driven by the certain key factors such as development of cheaper, smarter, and advanced sensors, rising market demand for smart devices and
IoT Data Management Market
The demand for IoT data management has increased due to widespread adoption of end-to-end data management platforms to capitalize IoT data more efficiently. Moreover, modernization of data warehouse architecture, rising need for data security and data traffic management, and rising implementation of IoT device security for data encryption are some of the other factors driving demand in this market. The global IoT data management market can be categorized based on type
Publisher’s market research analysts predict the global telecom IoT market to grow steadily during the forecast period and post an impressive CAGR of more than 42% by 2020. This industry research report identifies the growing adoption of intelligent transportation systems (ITS) to be one of the major factors that will have a positive impact on the growth of this market in the coming years. In addition to enabling operators to
IoT Processor Market
In this connected world, internet of things (IoT) is fueling every aspect of human lives. The data that is generated every day from these connected devices is humongous. Proper functioning of these connected devices requires real time exchange of data and information amongst them so that they can solve human problems. In another word IoT means more data, more sensors, agile responses, end-to-end connectivity and smarter user interfaces. All these