Smart Solutions on the Road: IoT Fleet Management Market Reach by 2031 | Top Players Such as - Tomtom International BV, International Business Machines Corporation (IBM)

According to the report published by Allied Market Research, the global IoT fleet management market generated $6.4 billion in 2021, and is estimated to reach $16 billion by 2031, witnessing a CAGR of 9.8% from 2022 to 2031. The report provides an in-depth analysis of top segments, changing market trends, value chains, key investment pockets, competitive scenarios, and regional landscape. The report is an essential and helpful source of information for leading market players, investors, new entrants, and stakeholders in formulating new strategies for the future and taking steps to strengthen their position in the market.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬: https://www.alliedmarketresearch.com/request-sample/12649

There are prominent key factors that drive the growth of the IoT fleet management market, such as technological advancements across transportation & logistics sector, and increase in use of cloud-based technology for smart fleet management solutions. IoT fleet management provide effective fleet tracking, real-time monitoring, dedicated remote server for fleet data, and security features in a single system. Fleet operators track vehicles through route optimization or selection of best routes in real time that further reduce the transportation costs and idle time by increasing the operational efficiency. The purpose of IoT fleet management is to deliver effective real-time monitoring, fleet tracking, and security. In addition, data generated from IoT and sensors help in analyzing and making a cost effective decision as per requirement.

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬

NORTHRUP GRUNMAN, International Business Machines Corporation (IBM), Tomtom International BV, Telefonica S.A, Verizon Communications Inc, Webfleet Solution, Honeywell International Inc., Trimble Inc, Cisco Systems Inc., Omnitracs, Intel Corporation, Sierra Wireless, Fleet Complete, AT&T Inc., Vnomics

Based on services, the professional segment held the largest share in 2021, accounting for more than half of the market, and is expected to maintain its dominance in terms of revenue by 2031. In addition, the segment is estimated to witness the largest CAGR of 10.3% during the forecast period.

On the basis of platform, the device management segment dominated the market in 2021, accounting for more than half of the global IoT fleet management market, and is projected to maintain its leading position throughout the forecast period. Furthermore, the segment is estimated to showcase the highest CAGR of 10.6% during the forecast period.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰: https://www.alliedmarketresearch.com/iot-fleet-management-market/purchase-options

Transportation organizations needed to ensure that transportation networks can continue to operate throughout the lockdown measures, striking a balance between reduced operations and providing enough capacity for key workers to practice social distancing. In addition, several companies active in mergers and strategic partnership to sustain in pandemic period. For instance, in November 2020, Athene Holding Ltd. and Hertz Global Holdings, a renowned financial services business, entered into a stock and asset purchase agreement to acquire Donlen. In addition, Geotab teamed with SAP (Germany) in October 2020 to give businesses that use SAP solutions and Geotab's fleet management service visibility into their company's telemetry data via the SAP Cloud Platform.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

IoT fleet management market is segmented basis of application, service, platform, type and region. Based on application industry, it is divided into routing management, tracking & monitoring, fuel management, remote diagnostics and others. Based on service, it is segmented into professional, and managed. Based on platform, it is divided into application enablement platform, network management, and device management. By type, it is divided into public, private, and hybrid. By region, the market is analyzed across North America, Europe, Asia-Pacific and LAMEA.

𝐊𝐄𝐘 𝐅𝐈𝐍𝐃𝐈𝐍𝐆𝐒 𝐎𝐅 𝐓𝐇𝐄 𝐒𝐓𝐔𝐃𝐘

By end use industry, the retail and e-commerce segment is expected to register a significant growth during the forecast period.

By customer type, the b2b segment is projected to lead the global IoT fleet management market

By services, the intermodal segment is projected to lead the global IoT fleet management market

By mode of transport, the roadways segment is projected to lead the global IoT fleet management market

Region-wise, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.

𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐭𝐨 𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐭𝐡𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭? 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠: https://www.alliedmarketresearch.com/purchase-enquiry/12649

The report analyzes these key players in the global IoT fleet management market. These players have adopted various strategies such as new product launches, expansion, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio, and developments of every market player.

𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 :

Portable Automotive Wi-Fi Router Market - https://www.prnewswire.com/news-releases/portable-automotive-wi-fi-router-market-to-reach-5-15-billion-globally-by-2030-at-16-6-cagr-allied-market-research-301402254.html

Vehicle-To-Grid (V2G) Market - https://www.globenewswire.com/news-release/2022/09/16/2517671/0/en/Vehicle-To-Grid-V2G-Market-to-Garner-15-03-Billion-by-2031-Allied-Market-Research.html

Smart Railway Market - https://www.prnewswire.com/news-releases/smart-railway-market-to-reach-38-46-billion-globally-by-2027-at-12-8-cagr-says-allied-market-research-301210699.html

𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.