Press release
Global Smart Fleet Management Market Comprehensive Study: Forecasted Market Size And Growth Rate | Continental Aktiengesellschaft, Denso Corporation, Robert Bosch GmbH, Precious Shipping Public Company Limited
Smart Fleet Management Market Characteristics
The Business Research Company offers in-depth market insights through Smart Fleet Management Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The smart fleet management market size has grown strongly in recent years. It will grow from $419.1 billion in 2023 to $455.32 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to fuel efficiency concerns, safety and driver monitoring, globalization of supply chains, government regulations, focus on environmental sustainability, fleet size and complexity, .
The smart fleet management market size is expected to see strong growth in the next few years. It will grow to $641 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to urbanization and smart cities, demand for real-time visibility, cybersecurity measures, insurance premium reduction, remote diagnostics.. Major trends in the forecast period include adoption of telematics and iot, implementation of predictive analytics, integration with advanced driver assistance systems, integration with cloud-based platforms, eco-friendly and sustainable practices..
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Market Segmentation:
The smart fleet management market covered in this report is segmented -
1) By Solutions: Vehicle Tracking, Fleet Optimization
2) By Connectivity: Short Range Communication, Long Range Communication, Cloud
3) By Transportation: Automotive, Rolling Stock, Marine
4) By Application: Tracking, ADAS, Optimization, Other Applications
5) By Industry Vertical: Transportation and Logistics, Automotive Industry, Government, Oil and Gas, Other Verticals
Major Driver - Surge In Passenger Car Sales Driving Growth In The Smart Fleet Management Market
The increasing sales and production of passenger cars are expected to propel the growth of the smart fleet management market going forward. An automobile is a self-propelled motor vehicle designed for land passenger transportation. Smart fleet management helps passenger cars by improving safety on the road. For instance, in October 2021, according to the European Automobile Manufacturers Association, a Belgium-based lobbying, and standards group of the automobile industry in the European Union, in the first three-quarters of car registrations across the EU climbed 6.6% to reach 7.5 million units. Therefore, increasing sales and production of passenger cars are driving the growth of the smart fleet management market.
Competitive Landscape:
Major companies operating in the smart fleet management market report are Continental Aktiengesellschaft, Denso Corporation, Robert Bosch GmbH, Precious Shipping Public Company Limited, Otto Marine Limited, Cisco Systems Inc., Globecomm Systems Inc., International Business Machines Corporation, Samsung Electronics Co. Ltd., Tech Mahindra Limited, Siemens Aktiengesellschaft, CalAmp Corp., General Motors Company, Infineon Technologies AG, WorkWave LLC, Trimble Inc., Verizon Connect, Geotab Inc., Teletrac Navman US Ltd., Samsara Networks Inc., Omnitracs LLC, Fleet Complete Holdings Ltd., Spireon Inc., Gurtam JLLC, MiX Telematics Limited, Inseego Corp., ORBCOMM Inc., Zonar Systems Inc., GPS Insight LLC, KeepTruckin Inc.
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Top Trend - Innovative Solutions Transforming The Landscape Of Smart Fleet Management Market
Innovative smart fleet management solutions are a key trend gaining popularity in the smart fleet management market. Many companies operating in the smart fleet management market are developing innovative smart fleet solutions to strengthen their position in the market. For instance, in February 2021, Farnek Services LLC, a UAE-based smart and green facilities management company launched an in-house smart fleet management solution that optimizes its transport fleet's performance and improves service delivery to its customers. This custom system technology is a cloud and mobility-based platform. It is equipped with IoT telematic sensors that are linked to Google Maps for route optimization with drivers, fleet, service schedule, and customers.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Smart Fleet Management Market Characteristics
3. Smart Fleet Management Market Trends And Strategies
4. Smart Fleet Management Market - Macro Economic Scenario
5. Smart Fleet Management Market Size And Growth
…..
27. Smart Fleet Management Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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