IoT Fleet Management Business and Market 2019 Outlook with Trends, Types, Applications and Key Players

In 2018, the global IoT Fleet Management market size was 3810 million US$ and it is expected to reach 17500 million US$ by the end of 2025, with a CAGR of 21.0% during 2019-2025.

Dublin, United States - March 15, 2019 /MarketersMedia/ —

The key factor propelling the development of IoT fleet management market is the integration of smart devices with vehicles. The advent of the IoT has helped automobiles to connect with smart devices seamlessly, thereby enabling emergency roadside assistance and real-time traffic alerts. The incorporation of IoT with fleet management assists in fuel management, remote diagnostics, routing management, fleet analytics, vehicle maintenance, monitoring and tracking, cost-and time-saving, drive time analysis, and even satisfies the requirements of the client. The rising implementation of smart devices by transportation industries is anticipated to boost the development of the IoT fleet management market over the forecast period.

Routing management accounted for the largest share of the IoT fleet management market, 38.4% in 2016. The growth of this segment can be attributed to rising global road freight traffic and constant R&D activities to develop innovative products. Also, the continuous R&D activities by fleet solution providers to develop advanced products help the fleet companies to provide the shortest and less crowded route to fleet vehicles to avoid unnecessary overtime cost.

The North America region is expected to hold the largest share in the IoT fleet management market, 38% in 2016. The growth of the IoT fleet management market in this region can be attributed to increasing sales of fleet vehicles, high adoption rate of advanced technological products, and regulatory developments by the government.

Download Sample of This Premium Report at https://www.inforgrowth.com/samplerequest/iot-fleet-management-market

The major players who are operating in the IoT fleet management market globally have been profiled thoroughly and competitively in the study across all the give broad geographical regions that are covered under the purview of the report. The competitive analysis of all the market players is inclusive of their recent developments regarding IoT fleet management and the unique business strategies formulized by the companies to compete and retain their position in the global market.
Key Players covered in this report are Trimble, Omnitracs, Fleetmatics (Verizon), AT&T, IBM, Teletrac Navman, TomTom, Oracle, Intel, Cisco Systems, Sierra Wireless.

Report analysed by applications like Routing Management, Tracking and Monitoring, Fuel Management, Remote Diagnostics, Others. Then report is analysed on the basis of product Passenger Vehicles, Commercial Vehicles.

Likewise, the growing participation of government by integrating regulations on fleet security and safety is anticipated to boost the development of the IoT fleet management market. But, the lack of IoT infrastructure in emerging countries may hinder the development of the market. The lack of technically knowledgeable workforce and poor internet connectivity are some other aspects that can negatively affect the development of the market during the forecast period. The growing collaboration and partnerships among the major players in the IoT fleet management market are anticipated to create huge opportunities for the market globally.

Ask for Custom Requirements or Queries about this Report at https://www.inforgrowth.com/customizationrequest/iot-fleet-management-market

The IoT Fleet Management Market report provides key statistics on the market status of the IoT Fleet Management manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.

Major Points Covered in Table of Contents:
1 Study Coverage
2 Executive Summary
3 Breakdown Data by Manufacturers
4 Breakdown Data by Type
5 Breakdown Data by Application
6 North America
7 Europe
8 Asia Pacific
9 Central & South America
10 Middle East and Africa
11 Company Profiles
12 Market Opportunities, Challenges, Risks and Influences Factors Analysis
13 Value Chain and Sales Channels Analysis
14 Research Findings and Conclusion
15 Appendix

About InForGrowth:
We are a market-intelligence company formed with the objective of providing clients access to the most relevant and accurate research content for their growth needs. At InForGrowth, we understand Research requirements and help a client in taking informed business critical decisions. Given the complexities and interdependencies of market-intelligence, there is always more than one source to explore and arrive at the right answer. Through our smart search feature and our reliable & trusted publishing partners, we are paving way for a more simplified and relevant research.

Contact Info:
Name: Rohan
Email: Send Email
Organization: inforgrowth
Address: 6400 Village Pkwy suite # 104, Dublin, CA 94568, USA
Phone: +1-909-329-2808
Website: http://www.inforgrowth.com

Source URL: https://marketersmedia.com/iot-fleet-management-business-and-market-2019-outlook-with-trends-types-applications-and-key-players/492863

Source: MarketersMedia

Release ID: 492863

Latest News

Egypt demands Christie's halt auction of King Tut statue

Jun 19, 2019

CAIRO — Egypt has tried to halt the auction of a 3,000-year-old stone sculpture of the famed boy pharaoh Tutankhamun at Christie's in London, while the auction house said its sale was legal. The statue — a brown quartzite head depicting King Tut — is scheduled to be auctioned off in July, and could generate more than $5 million, according to Christie's. The artifact features King Tut's full mouth with slightly drooping lower lips and almond-shaped eyes. For many, King Tut is the ultimate symbol of ancient Egypt's glory. Howard Carter discovered the pharaoh's nearly intact tomb in 1922 in...

Turkey's Erdogan witness in footballer Mesut Ozil's wedding

Jun 19, 2019

ISTANBUL — Turkey President Recep Tayyip Erdogan was in the wedding party as Arsenal midfielder Mesut Ozil tied the knot on Friday. State-run Anadolu news agency said Erdogan and his wife, Emine, were legal witnesses for Ozil, who married model, actress and former Miss Turkey Amine Gulse in Istanbul. Secular Turkish weddings require a witness each for the bride and groom. Ozil, a German player of Turkish descent, quit Germany's soccer team last year after he was criticized for posing for a photograph with Erdogan before the World Cup. In his international retirement announcement, Ozil accused the German football federation,...

Protesters in Iran, Iraq burn Israel, US flags on 'Quds Day'

Jun 19, 2019

TEHRAN, Iran — Iranians in the capital Tehran set fire to effigies of U.S. President Donald Trump, while in the Iraqi capital, Iran-backed militiamen marched over a large Israeli flag as part of rallies Friday marking Quds, or Jerusalem Day. The annual protests come as the Trump administration tries to market its long-awaited Israeli-Palestinian peace plan. Held each year on the last Friday of the Muslim holy fasting month of Ramadan, Iran has marked Quds Day since the start of its 1979 Islamic Revolution by the late Ayatollah Ruhollah Khomeini. Al-Quds is the Arabic name for Jerusalem, and Iran says...

Ramadan in Mideast is for fasting and Facebook, data shows

Jun 19, 2019

DUBAI, United Arab Emirates — The Muslim holy month of Ramadan, with its long days of fasting and prayer meant to draw worshippers closer to God and away from worldly distractions, is being reshaped by technology. People in the Middle East spend close to 58 million more hours on Facebook during Ramadan and watch more YouTube videos — everything from beauty tips and recipes to sports and TV dramas — than any other time of the year, making the holy month not only the most important one for Muslims, but also the prime time of the year for advertisers. For...

A look at the Muslim fasting month of Ramadan

Jun 19, 2019

DUBAI, United Arab Emirates — Many Muslims around the world began fasting Monday to mark the start of the holy month of Ramadan. This means waking up before dawn to eat, hydrate and pray. Once the sun rises, Muslims abstain from food and drink, including water, until sunset. They repeat the grueling routine every day for a month. Here are some questions and answers about Islam's holiest month and how it's observed. WHY DO MUSLIMS FAST? Fasting is meant to bring worshippers closer to God through steady remembrance, reflection and sacrifice. Daily fasting, combined with five daily prayers and extended...

About Us

Originally founded in 2015, Voyage Times publishes articles on travel and lifestyle for travelers, leisure seekers, and culture hunters from around the world.

Contact us: sales[at]voyagetimes.com

Subscribe Now!

Quick Links

HomePress