Global IoT Fleet Management Market Revenue Estimated Around USD 12.3 Billion by 2026

13-Jan-2020 | Facts and Factors

Facts and Factors Market Research has published a new report titled “IoT Fleet Management Market By Platform (Device Management, Application Management, & Network Management), By Services (Professional & Managed), By Deployment Mode (Private, Public, & Hybrid), By Applications (Driver Tracking & Monitoring, Fleet Analytics, Fuel Management, Predictive Maintenance, & Remote Diagnostics), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 – 2026”. According to the report, the global IoT Fleet Management Market is predicted to be valued at approximately USD 4.3 Billion in 2020 and is expected to reach a value of around USD 12.3 Billion by 2026, at a CAGR of around 19.9% between 2020 and 2021.

Global IoT Fleet Management Market Size

Request Sample Request Customization Buy Now

Fleet management is the function that supports the firms in transport activities to reduce or eradicate the risks related to output. It helps in improving efficiency, increase the allocation of funds for the fleet, and offer compliance through government legislation. Moreover, fleet management assists in minimizing the charges related to transporting through cost optimization & cost efficiency in fleet functions. Apparently, the incorporation of IoT in the fleet management system is aimed at enhancing the business avenues along with improving the supply chain visibility and process chain monitoring activities.

Browse the full “IoT Fleet Management Market By Platform (Device Management, Application Management, & Network Management), By Services (Professional & Managed), By Deployment Mode (Private, Public, & Hybrid), By Applications (Driver Tracking & Monitoring, Fleet Analytics, Fuel Management, Predictive Maintenance, & Remote Diagnostics), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 – 2026” Report at https://www.fnfresearch.com/iot-fleet-management-market-by-platform-device-management-221

Amalgamation of smart equipment and vehicle to spur the market trends

The launching of the internet of things has helped the vehicles in connecting to smart equipment perfectly along with offering real-time traffic warnings as well as emergency roadside support. This is likely to drive the growth of the market over the forecast period.

Furthermore, smart equipment like mobiles, cameras, and sensors are connected via wireless systems for the purpose of communication. The incorporation of IoT with fleet management systems supports remote diagnostics, fleet analytics, vehicle maintenance, fuel management, tracking & monitoring, and drive time analysis. This, in turn, helps in saving both time and costs and assists in fulfilling the client's requirements. Moreover, the growing acceptance of smart equipment in transport firms is predicted to embellish the expansion of the IoT fleet management industry over the forecast timeline.

Moreover, upcoming rules on fleet safety are predicted to enhance the scope of the market during the forecast timeline. In addition to this, governments of many countries are introducing laws and carrying out fleet safety programs for securing fleet solutions. All these aforementioned aspects are likely to drive the market trends over the forecast timeline. Nevertheless, the lack of IoT infrastructure facilities in the emerging economies may pose a threat to the expansion of the IoT fleet management industry during the forecast period. However, cloud computing & fog computing analytics will offer new growth avenues for the market over the forecast timeline.

Device management to lead the platform segment during the forecast period

The growth of the segment during the forecast timeline is owing to the beneficial characteristic of device management for aiding remote access, equipment confirmation, observation, and investigation along with providing security against malware threats & hackling. Apart from this, massive usage of personalized equipment such as tablets & smartphones for a device management tool for regulating & monitoring the device security will steer the segmental growth over the forecast timeline.

Commercial Vehicles (CV) segment to account for the major market share during the forecast period

The segmental growth is credited to the ability of the IoT fleet management in reducing the commercial vehicle risks through the offering of real-time data pertaining to the vehicle, traffic, and driver along with saving the vehicle fuel resulting in cost-savings.

North America to garner major market revenue share by 2025

The regional market surge over the forecast timeline is credited to strict compliance laws, large-scale acceptance of technologically advanced products, and robust network infrastructure facilities in the region. In addition to this, rise in the number of public transport vehicles, passenger vehicles, and heavy trucks in countries like the U.S. will need rapid data exchange for effectual decision-making & better business analytics, thereby offering bright growth prospects for market in the region.

Top Market Players

The key market participants for the global IoT fleet management market are AT&T, Cisco Systems, Inc., Verizon, Trimble, Inc., IBM, Telefonica, Intel Corporation, Sierra Wireless, Omnitracs, and Tomtom International, among others.

This report segments the IoT Fleet Management market as follows:

Global IoT Fleet Management Market: By Platform Segment Analysis

  • Device Management
  • Application Management
  • Network Management

Global IoT Fleet Management Market: By ServicesSegment Analysis

  • Professional
  • Managed

Global IoT Fleet Management Market: By Deployment Mode Segment Analysis

  • Private
  • Public
  • Hybrid

Global IoT Fleet Management Market: By Applications Segment Analysis

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

IoT Fleet Management Market: By Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

About Us:

Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.

Contact Us:

Facts & Factors

A 2108, Sargam,
Nanded City,
Sinhagad Road,
Pune 411041, India
USA: +1-347-989-3985

Email: [email protected]

Web: https://www.fnfresearch.com


Latest Market Research Reports

report img

Aerospace 3D Printing Market Report 2024 – 2032

[212+ Pages Report] According to Facts Factors, the global aerospace 3D printing market size was valued at USD 2.83 billion in 2023 and is predicted to surpass USD 13.20 billion by the end of 2032. The aerospace 3D printing industry is expected to grow by a CAGR of 18.66% between 2024 and 2032. Aer

Published Date : 12-Jul-2024 | | Category : Defense and Security | Pages : 212 | Format : Read more

Inquiry for Buying Request Sample
report img

Plant-Based Spreads Market Report 2024 – 2032

[213+ Pages Report] According to Facts Factors, the global plant-based spreads market size was valued at USD 528.65 million in 2023 and is predicted to surpass USD 893.14 million by the end of 2032. The plant-based spreads industry is expected to grow by a CAGR of 6.00% between 2024 and 2032. Plant

Published Date : 12-Jul-2024 | | Category : Food & Beverages | Pages : 213 | Format : Read more

Inquiry for Buying Request Sample
report img

Auto Insurance Market Report 2024 – 2032

[211+ Pages Report] According to Facts Factors, the global auto insurance market size in terms of revenue was valued at around USD 652.5 billion in 2023 and is expected to reach a value of USD 1,252.3 billion by 2032, growing at a CAGR of roughly 7.51% from 2024 to 2032. The global auto insurance m

Published Date : 11-Jul-2024 | | Category : Automotive | Pages : 211 | Format : Read more

Inquiry for Buying Request Sample
report img

High-flow Nasal Cannula Market Report 2024 – 2032

[212+ Pages Report] According to Facts Factors, the global high-flow nasal cannula market size in terms of revenue was valued at around USD 7.24 billion in 2023 and is expected to reach a value of USD 20.12 billion by 2032, growing at a CAGR of roughly 12.03% from 2024 to 2032. The global high-flow

Published Date : 11-Jul-2024 | | Category : Healthcare | Pages : 212 | Format : Read more

Inquiry for Buying Request Sample
report img

Electric Vehicle Charging Station Market Report 2024 – 2032

[213+ Pages Report]According to Facts Factors, the global electric vehicle charging station market size in terms of revenue was valued at around USD 28.37 billion in 2023 and is expected to reach a value of USD 310.69 billion by 2032, growing at a CAGR of roughly 30.47% from 2024 to 2032. The globa

Published Date : 11-Jul-2024 | | Category : Automotive | Pages : 213 | Format : Read more

Inquiry for Buying Request Sample

Why FnF Market Research?

1 Inflallible Methodology

to ensure high-level data integrity, accurate analysis, and impeccable forecasts

2 Analyst Support

for complete satisfaction

3 Customization

on-demand customization of scope of the report to exactly meet your needs

4 Targeted Market View

Targeted market view to provide pertinent information and save time of readers

5 Agile Approach

A faster and efficient way to cater to the needs with continuous iteration