Global IoT Fleet Management Market Size 2022-2028

The global IoT Fleet Management market is projected to reach US$ 32430 million by 2028 from an estimated US$ 10330 million in 2022, at a CAGR of 21.0% during 2023 and 2028.

This report covers a chapter on COVID-19 impacts in the IoT Fleet Management Market.

Inquire for Free Sample Report: https://reports.valuates.com/request/sample/QYRE-Auto-L394/Global_IoT_Fleet_Management

TRENDS INFLUENCING THE IoT FLEET MANAGEMENT MARKET

One of the key factors driving growth in the IoT fleet management market size is the convergence of smart devices with vehicles. The increasing acceptance by transport companies of smart equipment is predicted to speed up the expansion of the IoT fleet management market size during the forecast period.
The introduction of the IoT has made it possible for automobiles to connect with the smart devices, thus making possible real-time traffic alerts and emergency roadside assistance. The IoT solutions allow fleet operators not only to increase their operational efficiency but also to help them cut costs. This feature is expected to further increase the IoT Fleet Management market size.
The increasing demand for electronic device integration with the vehicles is fuelling the growth of IoT Fleet Management market size. Furthermore, factors such as Internet connectivity, technology advancement, and the need for optimum operational efficiency are expected to increase the IoT Fleet Management market size.
The implementation of the Government's road safety legislation provides an optimistic IoT Fleet management market outlook. However, the IoT infrastructure insufficiency and the cost associated with implementing IoT technology hamper the market growth. While increasing numbers of IoT devices are boosting market growth, considerable concerns have also been expressed about data privacy and security. As cyber-attacks have increased significantly around the world, the need to protect end-users from a potential attack is likely to play an important role in determining the growth of the IoT fleet management market.
View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-L394/global-iot-fleet-management

IoT FLEET MANAGEMENT MARKET SHARE ANALYSIS

Routing management has accounted for the largest IoT fleet management market share. This segment's growth can be attributed to increased global freight traffic on the roads and continuous R&D activities to develop innovative products.
The managed services segment in the IoT Fleet Management Market is expected to hold a significant share. Managed services not only offer flexibility but also allow efficient handling of multiple functions and thus reduce overall operating costs.
Seamless connectivity is one of the most important prerequisites for IoT technology to work successfully. The emergence of efficient wireless networking infrastructures in regions such as North America and Europe has made it easier for IoT fleet management to be widely adopted. Hence, these regional markets are expected to witness remarkable growth in the years to come. In addition, it is projected that the domicile of prominent IoT technology firms such as AT&T, Cisco Systems, Inc., Intel Corporation, Verizon, and IBM would foster business growth prospects in these regions.
The booming e-commerce market has created a demand for efficient transportation systems in countries such as India and China. Due to this, the Asia Pacific IoT fleet management market share is expected to grow at the highest growth rate during the forecast period.
Inquire for Regional Report: https://reports.valuates.com/request/regional/QYRE-Auto-L394/Global_IoT_Fleet_Management

THE KEY PLAYERS COVERED IN THIS STUDY
• Trimble
• Omnitracs
• Fleetmatics (Verizon)
• AT&T
• IBM
• Teletrac Navman
• TomTom
• Oracle
• Intel
• Cisco Systems
• Sierra Wireless
• Others.

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.

MARKET SEGMENT BY REGIONS/COUNTRIES, THIS REPORT COVERS
BY REGION
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa

SIMILAR REPORTS

Pallet Pooling Market https://reports.valuates.com/reports/QYRE-Auto-15U2483/covid-19-impact-on-global-pallet-pooling

Logistics Market
https://reports.valuates.com/market-reports/ALLI-Auto-3T152/logistics

Drone logistics and transportation Market
https://reports.valuates.com/market-reports/QYRE-Auto-32R1184/global-drone-transportation-and-logistics

E-Commerce Market
https://reports.valuates.com/market-reports/ALLI-Auto-1C124/e-commerce-logistic

Valuates Reports
sales@valuates.com
For U.S. Toll-Free Call 1-(315)-215-3225
For IST Call +91-8040957137
WhatsApp: +91-9945648335
Website: https://reports.valuates.com
Twitter - https://twitter.com/valuatesreports

Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.
Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.

This release was published on openPR.