IoT Fleet Management Market Worth 17.500 billion USD by the end of 2025

This report also analyses the impact of Coronavirus COVID-19 on the Fleet Management Industry

In 2018, the global IoT Fleet Management market size was 3.810 billion USD and it is expected to reach 17.500 billion USD by the end of 2025, with a CAGR of 21.0% during 2019-2025.

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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.

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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

o Trimble
o Omnitracs
o Fleetmatics (Verizon)
o AT&T
o IBM
o Teletrac Navman
o TomTom
o Oracle
o Intel
o Cisco Systems
o Sierra Wireless


MARKET SEGMENT BY TYPE, THE PRODUCT CAN BE SPLIT INTO

o Passenger Vehicles
o Commercial Vehicles


MARKET SEGMENT BY APPLICATION, SPLIT INTO

o Routing Management
o Tracking and Monitoring
o Fuel Management
o Remote Diagnostics
o Others


MARKET SEGMENT BY REGIONS/COUNTRIES, THIS REPORT COVERS

o United States
o Europe
o China
o Japan
o Southeast Asia
o India
o Central & South America


THE STUDY OBJECTIVES OF THIS REPORT ARE:

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

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