IoT Fleet Management Market is expected to see growth rate of 20.9% and may see market size of USD12.45 Billion by 2024

Fleet management is a function that supports companies involved in transportation business to reduce or remove the risk related with productivity, increase efficiency, vehicle investment, as well as also offers compliance with government legislation. Fleet management also benefits to reduce the cost related with transportation by enhancing cost & efficiency in fleet operations. The addition of the IoT in the fleet management system purposes at improving the business opportunities. IoT solutions in the fleet management are likely to improve the supply-chain visibility, process-chain monitoring, & much more. Key factor driving the growth of global IoT fleet management market is the incorporation of smart devices with vehicles. The emergence of the IoT has made possible the automobiles to flawlessly connect with the smart devices, so making possible real-time traffic alerts as well as emergency roadside assistance. This is likely to boost the market growth over near future. According to AMA, the Global IoT Fleet Management market is expected to see growth rate of 20.9% and may see market size of USD12.45 Billion by 2024.

Global IoT Fleet Management Market Report from AMA Research highlights deep analysis on market characteristics, sizing, estimates and growth by segmentation, regional breakdowns & country along with competitive landscape, players market shares, and strategies that are key in the market. The exploration provides a 360° view and insights, highlighting major outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions to improved profitability. In addition, the study helps venture or private players in understanding the companies in more detail to make better informed decisions.

Major Players in This Report Include,
Trimble, Inc. (United States), Omnitracs (United States), Fleetmatics (Verizon) (United States), AT&T, Inc. (United States), IBM Corporation (United States), TomTom International BV (Netherlands), Oracle Corporation (United States), Intel Corporation (United States), Telefonica S.A. (Spain), Digit fleet & fuel management (South Africa), enX Group Limited (South Africa), Autotrak (South Africa) and PFK Electronics (Pty) Ltd (South Africa)

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Market Drivers
• Requirement for Optimum Operational Efficacy
• Execution of Eld Mandate & Other Anticipated Government Rules
• Growing Trends towards Smartphone Integration with Vehicles

Market Trend
• Growing Trends towards Smartphone Integration with Vehicles
• Increasing emphasis on minimum energy consumption, lower emissions, as well as risk-free operations

Restraints
• Cost Sensitivity
• Absence of IoT Infrastructure in Emerging Nations

Opportunities
• Truck Platooning
• Cloud & Fog Computing Analytics

Challenges
• Data Security & Safety Issues

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In this research study, the prime factors that are impelling the growth of the Global IoT Fleet Management market report have been studied thoroughly in a bid to estimate the overall value and the size of this market by the end of the forecast period. The impact of the driving forces, limitations, challenges, and opportunities has been examined extensively. The key trends that manage the interest of the customers have also been interpreted accurately for the benefit of the readers.

The IoT Fleet Management market study is being classified by Type, Applications and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).

The Global IoT Fleet Management is segmented by Type (Device management, Application Enablement Platform (AEP), Network management), Application (Commercial Vehicles (CV), Passenger Cars (PC), Public buses), Services (Professional, Managed), Solutions (Drive Time Analysis, Driver Information System, Fleet Analytics, Fuel Management, Remote Diagnostics, Routing Management, Tracking and monitoring, Vehicle Maintenance)

The report concludes with in-depth details on the business operations and financial structure of leading vendors in the Global IoT Fleet Management market report, Overview of Key trends in the past and present are in reports that are reported to be beneficial for companies looking for venture businesses in this market. Information about the various marketing channels and well-known distributors in this market was also provided here. This study serves as a rich guide for established players and new players in this market.

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Current Scenario Analysis for Decision Framework
Key Strategic Developments in IoT Fleet Management Market:
The research includes the key strategic activities such as Research & Development (R&D) initiatives, Merger & Acquisition (M&A) completed, agreements, new launches, collaborations, partnerships & (JV) Joint ventures, and regional growth of the key competitors operating in the market at global and regional scale to overcome current slowdown due to COVID-19.

Key Market Features in Global IoT Fleet Management Market
The report highlights IoT Fleet Management market features, including revenue size, weighted average regional price, capacity utilization rate, production rate, gross margins, consumption, import & export, demand & supply, cost bench-marking in IoT Fleet Management, market share and annualized growth rate (Y-o-Y) and Periodic CAGR.

Extracts from Table of Contents
Global IoT Fleet Management Market Research Report
Chapter 1 Global IoT Fleet Management Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Revenue (Value, Volume*) by Region
Chapter 5 Global Supplies (Production), Consumption, Export, Import by Regions
Chapter 6 Global Revenue (Value, Volume*), Price* Trend by Type
Chapter 7 Global Market Analysis by Application
………………….continued

This report also analyzes the regulatory framework of the Global Markets IoT Fleet Management Market Report to inform stakeholders about the various norms, regulations, this can have an impact. It also collects in-depth information from the detailed primary and secondary research techniques analyzed using the most efficient analysis tools. Based on the statistics gained from this systematic study, market research provides estimates for market participants and readers.

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