IoT Fleet Management Market Analysis And Review By Experts 2017

Internet of things (IoT) is known as the inter-networking of buildings, physical devices, vehicles and of other items that are installed with actuators, software’s, connectivity of networks and electronics that grants these items to accumulate and exchange data. The Internet of things enhances accuracy and efficiency and develops more opportunity in the physical world for more direct communication into systems that are computer-based along with enhancing economic advantages and reduces human efforts as it grants items to be managed, controlled and sensed in remote manner across the infrastructure of networks that exist.

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When the augmentation of Internet of things is done with actuators and sensors, the technology is turned into a more prevailing class of systems that are cyber-physical that takes into account technologies like smart homes and cities, smart grids, intelligent transportation and virtual power plants. Everything can be identified in a unique manner with the computer systems installed and can be interoperated inside the existing infrastructure of the internet. The internet of things is extremely helpful in the unification of information processes, communications and control across different systems of transportation. The internet of things can be applied aspects of system of transportation such as the vehicle, user, driver etc. major interactions between these sections of transportation systems enables communication of inter and intra vehicles, fleet management, road assistance, electronic toll collection systems, smart parking and vehicle control.

The global Internet of Things Fleet management market has witnessed excellent growth in the past years and is said to show considerable growth in the future. The omnipresence of smartphones has had a considerable impact on the global Internet of things fleet management market due to large number of transportation companies are controlling, monitoring and tracking their fuel management.
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The introduction of Internet of Things allows automobiles to render roadside assistance in cases of emergency by seamlessly connecting to smart phones and also provide real time traffic alerts. The increasing demand of adopting Eld Mandate, improving consumer satisfaction and enhancing the procedure fleet management are the major factors that boost the growth of the global Internet of thing fleet management market. However, increased costs of installation may hinder the growth of this market.
On the basis of cloud type the global Internet of Things Fleet management market is segmented into Public, Hybrid and Private. On the basis of application the market is segmented into Remote Diagnostics, Routing Management, Fuel Management and Tracking and Monitoring. On the basis of Fleet type the market is segmented into Commercial vehicles and Passenger vehicles. The major players in the market are TomTom International BV, Verizon Communications, Intel Corporation, Omnitracs and IBM Corporation. Geographically, the market is segmented into Southeast Asia, United States, Europe and Asia Pacific.

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