IoT Fleet Management Market Booming the Industries by Top 10 Players Trimble, Omnitracs, Fleetmatics (Verizon), AT&T & IBM Forecast 2025

IoT Fleet Management Market Overview:
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.

Request an Exclusive Sample Report @ https://www.supplydemandmarketresearch.com/home/contact/216265?ref=Sample-and-Brochure&toccode=SDMRSE216265

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.

In 2018, the global IoT Fleet Management market size was 3810 million US$ and it is expected to reach 17500 million US$ by the end of 2025, with a CAGR of 21.0% during 2019-2025.

This report focuses on the global IoT Fleet Management status, future forecast, growth opportunity, key market and key players. The study objectives are to present the IoT Fleet Management development in United States, Europe and China.

The key players covered in this study
• Trimble
• Omnitracs
• Fleetmatics (Verizon)
• AT&T
• IBM
• Teletrac Navman
• TomTom
• Oracle
• Intel
• Cisco Systems
• Sierra Wireless

Market segment by Type, the product can be split into
• Passenger Vehicles
• Commercial Vehicles

Market segment by Application, split into
• Routing Management
• Tracking and Monitoring
• Fuel Management
• Remote Diagnostics
• Others

Get Complete Report Details with Detail Tables and Figures @ https://www.supplydemandmarketresearch.com/home/toc_publisher/216265?code=SDMRSE216265#Report_Highlights

Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America

The study objectives of this report are:
To analyze global IoT Fleet Management status, future forecast, growth opportunity, key market and key players.
To present the IoT Fleet Management development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.

About Us:
SupplyDemandMarketResearch.com have a strong network of high powered and experienced global consultants who have about 10+ years of experience in the specific industry to deliver quality research and analysis.
Having such an experienced network, our services not only cater to the client who wants the basic reference of market numbers and related high growth areas in the demand side, but also we provide detailed and granular information using which the client can definitely plan the strategies with respect to both supply and demand side.

Canada Office:
302-20 Misssisauga Valley Blvd, Missisauga, L5A 3S1, Toronto
Global - +1-276-477-5910
Email - info@supplydemandmarketresearch.com

This release was published on openPR.