The IoT Fleet Management Market

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.

• In January 2017, Cisco Systems, Inc. introduced its Cisco Jasper IoT services in partnership with Asia-Pacific Telecom, China in the Taiwan market. This expansion will assist the company to enhance its market presence in the Asia-Pacific region.
• In September 2016, TomTom International launched ‘TomTom Pro 2020’, a driver terminal solution which provides monitoring and controlling of the complete fleet system. This product comprises of features such as driver ID, working time log, digital logbook and driver performance improvement module.
• In August 2016, Verizon Communications, Inc. has acquired Fleetmatics Group PLC (U.S.), a global fleet management solutions provider. The acquisition, worth USD 2.4 billion, became a part of Verizon Telematics business. This acquisition would support the company to expand its offerings in network and fleet solutions. It also offers an opportunity to serve the current customer base of Fleetmatics with around 826,000 subscribers.

The global IoT Fleet Management Market has been segmented as below:

IoT Fleet Management Market, By Platform

• Device Management
• Application Enablement
• Network Management

IoT Fleet Management Market, By Service

• Professional
• Managed

IoT Fleet Management Market, By Cloud Deployment

• Private
• Public
• Hybrid

IoT Fleet Management Market, By Solution

• Driver Tracking & Monitoring
• Fleet Analytics
• Fuel Management
• Predictive Maintenance
• Remote Diagnostics
• Vehicle Tracking & Monitoring

IoT Fleet Management Market, By Application

• Commercial Vehicles
• Passenger Cars

IoT Fleet Management Market, By Region

• Europe
• North America
• Asia Pacific
• Rest of The World

IoT Fleet Management Market, By Company

• AT & T Inc.
• Cisco Systems Inc.
• Verizon Communications Inc.
• TomTom International BV
• Trimble Inc.
• IBM Corporation
• Omnitracs
• Sierra Wireless
• Intel Corporation
• Telefonica S. A
• Fleetmatics
• Teletrac Navman
• Oracle

The report covers the below scope:

• Global IoT Fleet Management Market sizes from 2020 to 2026, along with CAGR for 2020-2026
• Market size comparison for 2019 vs 2026, with actual data for 2019, estimates for 2019 and forecast from 2020 to 2026
• Global IoT Fleet Management Market trends, covering comprehensive range of consumer trends & manufacturer trends
• Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global IoT Fleet Management Market
• Major market opportunities and challenges in forecast timeframe to be focused
• Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
• Comprehensive company profiles of the key industry players

The years considered for the study are as follows:

• Base year - 2019
• Estimated year - 2019
• Projected year - 2020
• Forecast period - 2021 to 2026

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:

• Gain detailed insights on the IoT Fleet Management industry trends
• Find complete analysis on the market status
• Identify the IoT Fleet Management Market opportunities and growth segments
• Analyse competitive dynamics by evaluating business segments & product portfolios
• Facilitate strategy planning and industry dynamics to enhance decision making

Target Audience:

• The report targeted towards the existing players in the industry is as follows:
• Market Manufacturers/Service Providers
• Market Wholesale/Traders
• Investment and Financial Institutions

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