IoT Fleet Management Market Forecast 2025-2034: Comprehensive Analysis And Growth Opportunities

The IoT Fleet Management Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Projected Growth of the IoT Fleet Management Market?
In the past years, the IoT fleet management market has rapidly expanded. The market, which was worth $7.96 billion in 2024, is projected to escalate to $9.24 billion by 2025 with a compound annual growth rate (CAGR) of 16.1%. Factors that drove growth during the historical period include a need to comply with regulations, rising costs of fuel, need for operational efficiency, and a greater focus on safety and security.

In the forthcoming years, the IoT fleet management market size is predicted to experience accelerated growth. The market expansion is projected to reach $16.55 billion in 2029, with a compound annual growth rate (CAGR) of 15.7%. Factors contributing to the growth in this forecast term include autonomous vehicles integration, e-commerce proliferation along with last-mile delivery, increased use of predictive analytics, the need for sustainable transportation, and the advent of 5G connectivity. Key tendencies within this forecast period encompass advanced analytics integration, swift adoption of telematics solutions, technological progression, cybersecurity emphasis, and a tendency towards predictive maintenance.

Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=14738

What Are the Different IoT Fleet Management Market Segments?
The IoT fleet management market covered in this report is segmented -

1) By Platform: Device Management, Application Enablement Platform (AEP), Network Management
2) By Services: Professional, Managed
3) By Cloud Type: Public, Private, Hybrid
4) By Fleet Type: Public Buses, Passenger Cars (PC), Commercial Vehicles
5) By Application: Drive Time Analysis, Driver Information System, Fleet Analytics, Fuel Management, Remote Diagnostics, Routing Management, Tracking And Monitoring, Other Applications

Subsegments:
1) By Device Management: Device Configuration and Provisioning, Device Monitoring and Diagnostics, Firmware and Software Management
2) By Application Enablement Platform (Aep): Data Analytics and Reporting, IoT Application Development, Real-Time Monitoring and Alerts
3) By Network Management: Network Security and Access Control, Data Transmission and Communication, Network Optimization and Performance Monitoring

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14738&type=smp

What Are the Primary Drivers Shaping the IoT Fleet Management Market?
The IoT fleet management market is projected to experience significant growth driven by an increase in fleet vehicle sales. Essentially, fleet vehicles represent a range of cars owned or rented by a business or institution, typically for operational reasons such as service, delivery, or transportation. The surge in fleet vehicle sales is due to the rising demand for commercial transportation, economic advancement, and companies' aspirations to enlarge or modernize their automotive fleets. Increased fleet vehicle sales strengthen fleet management by allowing for real-time assessment of vehicle condition, fuel consumption, driving patterns, and maintenance requirements. For example, per the Society of Motor Manufacturers and Traders (SMMT), a trade association based in the UK for the automotive industry, in 2024, they recorded a noteworthy rise of 21.0% in new light commercial vehicle (LCV) registrations during 2023 in the UK. A remarkable investment into 341,455 crucial vehicles to Britain's economy by businesses and fleets was reflected in this growth. This increase also marked a record uptake of battery electric vans (BEVs) with 20,253 units registered, which aligns with the overall lift of 21.0%. Hence, the IoT fleet management market is positively influenced by the rise in fleet vehicle sales.

Which Companies Are Leading in the IoT Fleet Management Market?
Major companies operating in the IoT fleet management market are Verizon Communications Inc., AT&T Inc., Intel Corporation, International Business Machines Corporation (IBM), Cisco Systems Inc., Oracle Corporation, Telefonica S.A, Northrop Grumman Corporation, Honeywell International Inc., Webfleet Solutions (Bridgestone Mobility Solutions B.V.), Telefonaktiebolaget LM Ericsson, Trimble Inc., Viasat Inc., Sierra Wireless Inc., Geotab Inc., TomTom International B.V., Omnitracs LLC, CalAmp Corp, KORE Wireless Group Inc., Teletrac Navman US Ltd., Inseego Corp, HydraForce Inc., Telit Communications PLC, Aeris Communications Inc., Gurtam, Fleet Complete, Vnomics Corp, Particle Industries Inc., Simon IoT LLC, Monogoto Ltd

What Trends Are Expected to Dominate the IoT Fleet Management Market in the Next 5 Years?
Prominent organizations engaged in the IoT Fleet Management market are prioritizing the creation of inventive solutions, for example, novel fleet management solutions, to boost operational productivity and amplify real-time tracking. Fleet management solutions exist as systems or software developed to keep a check, control, and streamline operations related to a vehicle fleet. These utilize Internet of Things (IoT) technology to offer real-time information about vehicle location, condition, and performance. To illustrate, Trga Telematics, an organization based in Italy that specializes in software, launched ViaSat Fleet Start and Advanced, new fleet management solutions, in March 2024. Specifically designed for passenger cars and light commercial vehicles, these solutions blend effortlessly with Targa's pre-existing IoT platform. Leveraging real-time data, these solutions augment fleet management capacity, assisting companies in cost reduction, bettering operational procedures, and offering protection from vehicle theft with functions such as stolen vehicle tracking.

Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/iot-fleet-management-global-market-report

What Are the Top Revenue-Generating Geographies in the IoT Fleet Management Market?
North America was the largest region in the IoT fleet management market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the IoT fleet management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the IoT Fleet Management Market?
2. What is the CAGR expected in the IoT Fleet Management Market?
3. What Are the Key Innovations Transforming the IoT Fleet Management Industry?
4. Which Region Is Leading the IoT Fleet Management Market?

Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.

Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.

Efficient Research: Quickly identify market growth, leading players, and major segments.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.