Press release
Smart Fleet Management Global Market 2025: Amplified by Robust CAGR of 7.5% and Projections of $478.21 Billion Market Size
Smart Fleet Management Market Size
What Is The Projected Market Size Of The Global Smart Fleet Management Market And Its Growth Rate?
• The smart fleet management market size has shown significant growth and will grow from $445.01 billion in 2024 to $478.21 billion in 2025, signaling a CAGR of 7.5%.
• Rapid growth is expected in the coming years, predicting a leap to $713.91 billion in 2029 at a CAGR of 10.5%.
• This growth can be attributed to urbanization and smart cities, demand for real-time visibility, cybersecurity measures, insurance premium reduction, remote diagnostics, and other emerging trends.
What Is Driving The Growth In The Smart Fleet Management Market?
The noticeable growth in smart fleet management market is predominantly driven by the increasing sales and production of passenger cars. Smart fleet management significantly augments passenger cars by enhancing safety on the road. Statistics Canada noted a 0.3% rise in the number of registered road motor vehicles in 2022, evidencing an additional 78,655 units on the roads. This increase in passenger cars consequently propels the growth of the smart fleet management market.
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Who Are The Key Players Driving The Global Smart Fleet Management Market Growth?
• Continental AG
• Denso Corporation
• Robert Bosch GmbH
• Cisco Systems Inc.
• Globecomm Systems Inc.
• IBM Corporation
• Samsung Electronics Co. Ltd.
• Tech Mahindra Limited
• Siemens AG
• 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.
What Are The Key Trends In The Smart Fleet Management Market?
• Adoption of telematics and IoT technologies
• Implementation of predictive analytics
• Integration with advanced driver assistance systems
• Integration with cloud-based platforms
• Promotion of eco-friendly and sustainable practices
What Are The Segments Of The Global Smart Fleet Management Market?
• By Solution: Vehicle Tracking, Fleet Optimization
• By Connectivity: Short Range Communication, Long Range Communication, Cloud
• By Transportation: Automotive, Rolling Stock, Marine
• By Application: Tracking, ADAS, Optimization, Other Applications
• By Industry Vertical: Transportation And Logistics, Automotive, Government, Oil And Gas, Other Verticals
Which Region Leads The Smart Fleet Management Market?
In 2024, Asia-Pacific was the largest contributor to the smart fleet management market globally. Other regions included in the smart fleet management market report are Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Smart Fleet Management Global Market Report?
The Smart Fleet Management Global Market Report covers:
- Market Size Analysis: Analysis of the Smart Fleet Management market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identification of various subsegments within the Smart Fleet Management market for effective categorization.
- Key Player Examination of key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Investigation of individual growth trends and prospects in the market.
- Market Contribution: Evaluation of different segments' contributions to the overall Smart Fleet Management market growth.
- Growth Drivers: Examination of key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analysis of challenges and risks affecting the Smart Fleet Management market.
- Competitive Developments: Investigation into competitive developments, such as expansions, agreements, and new product launches in the market.
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