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.
Scope of the Report:
This report studies the IoT Fleet Management market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the IoT Fleet Management market by product type and applications/end industries.
The key factors driving the growth of the IoT fleet management market are increased demand for optimized business operations, real-time fleet monitoring, and growing number of government mandates for fleet safety.
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.
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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.
The global IoT Fleet Management market is valued at 3810 million USD in 2017 and is expected to reach 12700 million USD by the end of 2023, growing at a CAGR of 22.2% between 2017 and 2023.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of IoT Fleet Management.
Europe also play important roles in global market, with market size of xx million USD in 2017 and will be xx million USD in 2023, with a CAGR of xx%.
Market Segment by Companies, this report covers
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
Market Segment by Applications, can be divided into
Tracking and Monitoring
Table Of Contents – Major Key Points
1 IoT Fleet Management Market Overview
1.1 Product Overview and Scope of IoT Fleet Management
1.2 Classification of IoT Fleet Management by Types
1.2.1 Global IoT Fleet Management Revenue Comparison by Types (2017-2023)
1.2.2 Global IoT Fleet Management Revenue Market Share by Types in 2017
1.2.3 Passenger Vehicles
1.2.4 Commercial Vehicles
1.3 Global IoT Fleet Management Market by Application
1.3.1 Global IoT Fleet Management Market Size and Market Share Comparison by Applications (2013-2023)
1.3.2 Routing Management
1.3.3 Tracking and Monitoring
1.3.4 Fuel Management
1.3.5 Remote Diagnostics
1.4 Global IoT Fleet Management Market by Regions
1.4.1 Global IoT Fleet Management Market Size (Million USD) Comparison by Regions (2013-2023)
1.4.1 North America (USA, Canada and Mexico) IoT Fleet Management Status and Prospect (2013-2023)
1.4.2 Europe (Germany, France, UK, Russia and Italy) IoT Fleet Management Status and Prospect (2013-2023)
1.4.3 Asia-Pacific (China, Japan, Korea, India and Southeast Asia) IoT Fleet Management Status and Prospect (2013-2023)
1.4.4 South America (Brazil, Argentina, Colombia) IoT Fleet Management Status and Prospect (2013-2023)
1.4.5 Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa) IoT Fleet Management Status and Prospect (2013-2023)
1.5 Global Market Size of IoT Fleet Management (2013-2023)
2 Manufacturers Profiles
2.1.1 Business Overview
2.1.2 IoT Fleet Management Type and Applications
220.127.116.11 Product A
18.104.22.168 Product B
2.1.3 Trimble IoT Fleet Management Revenue, Gross Margin and Market Share (2016-2017)
2.2.1 Business Overview
2.2.2 IoT Fleet Management Type and Applications
22.214.171.124 Product A
126.96.36.199 Product B
2.2.3 Omnitracs IoT Fleet Management Revenue, Gross Margin and Market Share (2016-2017)
2.3 Fleetmatics (Verizon)
2.3.1 Business Overview
2.3.2 IoT Fleet Management Type and Applications
188.8.131.52 Product A
184.108.40.206 Product B
2.3.3 Fleetmatics (Verizon) IoT Fleet Management Revenue, Gross Margin and Market Share (2016-2017)
2.4.1 Business Overview
2.4.2 IoT Fleet Management Type and Applications
220.127.116.11 Product A
18.104.22.168 Product B
2.4.3 AT&T IoT Fleet Management Revenue, Gross Margin and Market Share (2016-2017)
2.5.1 Business Overview
2.5.2 IoT Fleet Management Type and Applications
22.214.171.124 Product A
126.96.36.199 Product B
2.5.3 IBM IoT Fleet Management Revenue, Gross Margin and Market Share (2016-2017)
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