The IoT Fleet Management Market is expected to grow from USD 4.56 billion in 2020 to USD 13.96 billion by 2026 at a CAGR of 20.5% from 2020 to 2026.
The IoT Fleet Management is an integrated outcome of hardware, software and communication technology. It offers a wide range of solutions such as remote diagnostics, management of fuel, fleet analytics, predictive maintenance, tracking and monitoring of vehicles and various others. It is highly applicable to improve vehicular internet connectivity. The application of the IoT fleet management allows enhancing the operational efficiency in response to the cost-efficiency. Increasing requirement for vehicle safety and optimum operational efficiencies is a major factor anticipated to propel growth of the global market during the forecast period. In addition to this, the rising adoption and ability of tablets, smartphones and other smart devices to integrate with vehicles are other factors projected to boost growth of the IoT fleet management market. Moreover, the government regulations and initiatives for intelligent transportation systems will promotes the development of vehicle connectivity technologies, leading to the rising adoption of IoT technologies across the world. This factor is anticipated to favor the growth of the IoT fleet management market in the coming years. Besides, the increasing preference towards lower consumption of energy, risk-free operations and minimum emissions is other factor estimated to fuel growth of the global IoT fleet management market over the forecast period. Also the rising development and increasing adoption of smartphones, internet services, smart devices and digital software are projected to create lucrative opportunities for manufacturers operating in the IoT fleet management market. Since, the cyber-attacks have proliferated significantly around the world; the requirement to protect end-users from a possible attack is anticipated to play a prominent role in determining the growth of the IoT fleet management market. Besides this, the factors such as limited IoT infrastructure in developing nations and poor network connectivity will limit the market growth.
Further, the ongoing trend observed in the IoT fleet management market is development of various IoT technologies which offer various benefits such as security, monitoring and safety. Furthermore, the advancements in vehicular internet connectivity leading to the growing rate of adoption for IoT fleet management around the globe. IoT fleet management offers several solutions such as vehicle tracking and monitoring, fuel management, fleet analytics, remote diagnostics, predictive maintenance and driver performance tracking and monitoring.
The global IoT Fleet Management Market is segregated on the basis of Platform as Device Management, Application Enablement and Network Management. Based on Service the global IoT Fleet Management Market is segmented in Professional and Managed. Based on Cloud Deployment the global IoT Fleet Management Market is segmented in Private, Public and Hybrid. Based on Solution the global IoT Fleet Management Market is segmented in Driver Tracking & Monitoring, Fleet Analytics, Fuel Management, Predictive Maintenance, Remote Diagnostics and Vehicle Tracking & Monitoring. Based on Application the global IoT Fleet Management Market is segmented in Commercial Vehicles and Passenger Cars.
The global IoT Fleet Management Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The IoT Fleet Management Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Analysis
AT & T Inc., Cisco Systems Inc., Verizon Communications Inc., TomTom International BV, Trimble Inc. and others are among the major players in the global IoT Fleet Management Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.
The global IoT Fleet Management Market has been segmented as below:
IoT Fleet Management Market, By Platform
IoT Fleet Management Market, By Service
IoT Fleet Management Market, By Cloud Deployment
IoT Fleet Management Market, By Solution
IoT Fleet Management Market, By Application
IoT Fleet Management Market, By Region
IoT Fleet Management Market, By Company
The report covers the below scope:
The years considered for the study are as follows:
Report Scope:
The global IoT Fleet Management Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global IoT Fleet Management Market share. Major industry players with significant revenue share include AT & T Inc., Cisco Systems Inc., Verizon Communications Inc., TomTom International BV, Trimble Inc. and others.
Why to Buy this Report:
Target Audience:
Free and Paid Customization based on the requirement
1. Introduction
1.1. Key Points
1.2. Report Description
1.3. Markets Covered
1.4. Stakeholders
2. Research Methodology
2.1. Research Scope
2.2. Research Methodology
2.2.1. Market Research Process
2.2.2. Research Methodology
2.2.2.1. Secondary Research
2.2.2.2. Primary Research
2.2.2.3. Models for Estimation
2.3. Market Size Estimation
2.3.1. Bottom-Up Approach
2.3.2. Top-Down Approach
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Drivers
4.3. Restraints
4.4. Opportunities
4.5. Challenges
5. IoT Fleet Management Market, By Platform
5.1. Key Points
5.2. Device Management
5.3. Application Enablement
5.4. Network Management
6. IoT Fleet Management Market, By Service
6.1. Key Points
6.2. Professional
6.3. Managed
7. IoT Fleet Management Market, By Cloud Deployment
7.1. Key Points
7.2. Private
7.3. Public
7.4. Hybrid
8. IoT Fleet Management Market, By Solution
8.1. Key Points
8.2. Driver Tracking & Monitoring
8.3. Fleet Analytics
8.4. Fuel Management
8.5. Predictive Maintenance
8.6. Remote Diagnostics
8.7. Vehicle Tracking & Monitoring
9. IoT Fleet Management Market, By Application
9.1. Key Points
9.2. Commercial Vehicles
9.3. Passenger Cars
10. Competitive Landscape
10.1. Introduction
10.2. Start-up companies- IoT Fleet Management Market
10.3. Recent Developments
10.3.1. Mergers & Acquisitions
10.3.2. New Product Developments
10.3.3. Portfolio/Production Capacity Expansions
10.3.4.Joint Ventures, Collaborations, Partnerships & Agreements
10.3.5. Others
11. Company Profile
11.1. AT & T Inc.
11.2. Cisco Systems Inc.
11.3. Verizon Communications Inc.
11.4. TomTom International BV
11.5. Trimble Inc.
11.6. IBM Corporation
11.7. Omnitracs
11.8. Sierra Wireless
11.9. Intel Corporation
11.10. Telefonica S. A
11.11. Fleetmatics
11.12. Teletrac Navman
11.13. Oracle
IoT Fleet Management Market, By Platform
IoT Fleet Management Market, By Service
IoT Fleet Management Market, By Cloud Deployment
IoT Fleet Management Market, By Solution
IoT Fleet Management Market, By Application
IoT Fleet Management Market, By Company