IoT Fleet Management Market is projected to display a robust growth represented by a CAGR of 22.2% during 2019 – 2024 | Top Key Players - Trimble, Omnitracs, Fleetmatics (Verizon), AT&T, IBM, Teletrac Navman, TomTom, Oracle, Intel, Cisco Systems and Sie
Get Report Sample @ https://www.worldwidemarketreports.com/sample/258093
he 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.
Scope of the Report:
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.
The global IoT Fleet Management market is valued at 3810 million USD in 2018 and is expected to reach 12700 million USD by the end of 2024, growing at a CAGR of 22.2% between 2019 and 2024.
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 changes from United States might affect the development trend of IoT Fleet Management.
Europe also play important roles in global market, with market size of xx million USD in 2019 and will be xx million USD in 2024, with a CAGR of xx%.
This report studies the IoT Fleet Management market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the IoT Fleet Management market by product type and applications/end industries.
Market Segment by Companies, this report covers
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
Market Segment by Applications, can be divided into
Tracking and Monitoring
Report Inquire Before Buy @ https://www.worldwidemarketreports.com/quiry/258093
Worldwide Market Reports is your one-stop repository of detailed and in-depth market research reports compiled by an extensive list of publishers from across the globe. We offer reports across virtually all domains and an exhaustive list of sub-domains under the sun. The in-depth market analysis by some of the most vastly experienced analysts provide our diverse range of clients from across all industries with vital decision making insights to plan and align their market strategies in line with current market trends. Worldwide Market Research’s well-researched inputs that encompass domains ranging from IT to healthcare enable our prized clients to capitalize upon key growth opportunities and shield against credible threats prevalent in the market in the current scenario and those expected in the near future.
Worldwide Market Reports
Tel: +1 415 871 0703
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 is projected to display a robust growth represented by a CAGR of 22.2% during 2019 – 2024 | Top Key Players - Trimble, Omnitracs, Fleetmatics (Verizon), AT&T, IBM, Teletrac Navman, TomTom, Oracle, Intel, Cisco Systems and Sie here
News-ID: 1691075 • Views: 225
More Releases from Worldwide Market Reports
Abrasive Wheels & Discs Market Industry is the next Big Thing according to New R …
The Abrasive Wheels & Discs market report gives direct insight into the latest market trends and future opportunities along with the major player active in the market. The report comprises of all the important market-related information in detail such as size, share, growth factors, challenges, current and future trends and emerging opportunities for the forecast timeframe of 2019-2027. Major Players operating in market includes: 3M, DEWALT, Shark, Benchmark Abrasives, Black Hawk,
X-Ray Film Processors Market Will Reach USD XX Billion By 2027: WMReports
The X-Ray Film Processors market report gives direct insight into the latest market trends and future opportunities along with the major player active in the market. The report comprises of all the important market-related information in detail such as size, share, growth factors, challenges, current and future trends and emerging opportunities for the forecast timeframe of 2019-2027. X-Ray Film Processors Report also predicts and forecasts product lifecycle, emerging technologies, latest trends,
Women's Golf Club Sets Market Insights & In-Deapt Analysis 2019-2027
The Women's Golf Club Sets market report gives direct insight into the latest market trends and future opportunities along with the major player active in the market. The report comprises of all the important market-related information in detail such as size, share, growth factors, challenges, current and future trends and emerging opportunities for the forecast timeframe of 2019-2027. Major Players operating in market includes: Puma, Antigua, Nike, Lija, Under Armour, Adidas,
Weight Dumbbell Racks Market Expected To Observe Major Growth to 2027
The Vitamin Ingredients market report gives direct insight into the latest market trends and future opportunities along with the major player active in the market. The report comprises of all the important market-related information in detail such as size, share, growth factors, challenges, current and future trends and emerging opportunities for the forecast timeframe of 2019-2027. Major Players operating in market includes: Sandvik AB, Kennametal Inc., Sumitomo Electric Industries, Ltd., Nippon
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