Market Executive Summary

A fleet management system is formed by the integration of hardware, software, and communication technologies. It provides a platform to fleet operators to efficiently control, track, and monitor commercial vehicles. They improve the overall operational efficiency by reducing the non-value-added activities of the operators. Fuel cards are used for fuel management while driver safety systems monitor driver behavior. Other solutions are employed for locational tracking of vehicles, driver navigation assistance, and ensuring that the operators meet the regulatory standards set by their respective national governments.

The Internet of Things (IoT) helps in smooth connectivity of all the vehicles in a fleet, which not only helps to gain better insight into the driver's behavior but also assists in monitoring the health of the fleet from any device. Rising demand for fleet safety and data management coupled with the growing need to reduce the total cost of ownership (TCO) and achieve fuel efficiency are anticipated to drive the adoption of IoT technology in fleet management systems.

The global IoT Fleet Management market size was US$ 8416.4 million in 2023 and is forecast to a readjusted size of US$ 32430 million by 2030 with a CAGR of 21.0% during the forecast period 2024-2030.

Fully considering the economic change by this health crisis, Passenger Vehicles accounting for % of the IoT Fleet Management global market in 2023, is projected to value US$ million by 2030, growing at a revised ?GR from 2024 to 2030. While Routing Management segment is altered to an ?GR throughout this forecast period.

Global IoT Fleet Management main players are Trimble, Omnitracs, Fleetmatics (Verizon), AT&T, etc. Top four companies hold a share above 45%. North America is the largest market, with a share about 35%.

The market research report offered here is a very useful resource that can help manufacturers, stakeholders, decision-makers, and other market participants to become familiar with every factor impacting the growth of the global IoT Fleet Management market. The analysts authoring the report have closely studied key strategies adopted by top players of the global IoT Fleet Management market. The report includes SWOT, and other market analyses to provide a clear and deep understanding of important aspects of the global IoT Fleet Management market. Readers of the report can become informed about current and future trends of the global IoT Fleet Management market and how they will impact market growth during the forecast period.

Market Segmentation

Global IoT Fleet Management Companies Covered

Trimble, Omnitracs, Fleetmatics (Verizon), AT&T, IBM, Teletrac Navman, TomTom, Oracle, Intel, Cisco Systems, Sierra Wireless

Global IoT Fleet Management Market, by Region

North America (U.S., Canada, Mexico)

Europe (Germany, France, UK, Italy, etc.)

Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)

South America (Brazil, etc.)

Middle East and Africa (Turkey, GCC Countries, Africa, etc.)

Global IoT Fleet Management Market, Segment by Type

Passenger Vehicles

Commercial Vehicles

Global IoT Fleet Management Market, Segment by Application

Routing Management

Tracking and Monitoring

Fuel Management

Remote Diagnostics

Others

Chapter Outline

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (product type, application, etc.), including the market size of each market segment, future development potential, and so on.

Chapter 2: Revenue of IoT Fleet Management in global and regional level.

Chapter 3: Detailed analysis of IoT Fleet Management companies' competitive landscape, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides the analysis of various market segments by type, covering the revenue, and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 5: Provides the analysis of various market segments by application, covering the revenue, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 6: North America (US & Canada) by type, by application and by country, revenue for each segment.

Chapter 7: Europe by type, by application and by country, revenue for each segment.

Chapter 8: Asia Pacific by type, by application and by region, revenue for each segment.

Chapter 9: Latin America by type, by application and by country, revenue for each segment.

Chapter 10: Middle East and Africa, by type, by application and by country, revenue for each segment.

Chapter 11: Provides profiles of key companies, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, IoT Fleet Management revenue, gross margin, and recent development, etc.

Chapter 12: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 13: Research Findings and Conclusion.

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