Smart Fleet Management Market Size To Reach USD 629.5 Billion by 2026 – Polaris Market Research
Polaris Market Research presents a most up-to-date research on “Smart Fleet Management Market [By Mode of Transport (Automotive, Rolling Stock, Marine); By Application (Tracking, Diagnostics, Optimization, Others); By Communication (Short Range Communication, Long Range Communication, Cloud); By Region]: Market size & Forecast, 2017 – 2026”
The Global Smart Fleet Management Market Size Worth USD 629.5 Billion By 2026 according to a new market research report by polaris market research. In 2017, the automotive segment dominated the global market, in terms of revenue. In 2017, North America accounted for the majority share in the global Smart Fleet market.
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The increasing need to track and monitor fleets to increase operational efficiency, and reduce costs drives the Smart Fleet Market growth. Organizations are increasingly adopting smart fleet systems to increase efficiency, and manage high volume of fleets. The growing need for high speed networks further accelerates the adoption of smart fleet systems. Other factors driving the market growth include growing need to reduce operational costs, increase profitability, and avoid road congestions and accidents. New emerging markets, increasing need to monitor driver behavior, and growing safety concerns are factors expected to influence the market in the coming years.
North America is expected to lead the global Smart Fleet market during the forecast period. Significant investment by organizations to improve the fleet operations coupled with favorable regulations regarding transportation safety drive the growth of smart fleet in this region. Technological advancement and introduction of advanced smart fleet systems by the market players has increased the acceptance of smart fleet systems in the region.
Browse Complete summary of this report with TOC on “Smart Fleet Management Market by Application and End User – Global Industry Analysis and Forecast to 2026” at: https://www.polarismarketresearch.com/industry-analysis/smart-fleet-management-market
Asia-Pacific Smart Fleet Market is expected to grow at the highest CAGR during the forecast period. This is due to economic growth in countries such as China and India, and increasing investments in increasing fleet efficiency. Expansion of global players into these countries to tap market potential boosts the market growth.
The various mode of transportation covered in the report include automotive, rolling stock, and marine. Use of smart fleet solutions in automotive sector offers remote monitoring, fuel management, remote diagnostics, and route optimization among other functionalities. Increasing safety concerns, and government regulations regarding vehicular emissions support the growth of this segment.
The well-known companies profiled in the report include Cisco Systems, Inc., Robert Bosch GmbH, Denso Corporation, Sierra Wireless, Inc., Orbcomm, Inc., Siemens AG, Zonar Systems, Inc., IBM Corporation, Continental AG, OTTO Marine Limited, Harman International Industries, Inc., Globecomm Systems, Inc., and Globecomm Systems, Inc. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
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Key Segments:
Smart Fleet Management Market Size and Forecast, 2017-2026 by Mode of Transport
- Key Findings
- Automotive
- Rolling Stock
- Marine
Smart Fleet Management Market Size and Forecast, 2017-2026 by Application
- Key Findings
- Tracking
- Diagnostics
- Optimization
- Others
Smart Fleet Management Market Size and Forecast, 2017-2026 by Communication
- Key Findings
- Short Range Communication
- Long Range Communication
- Cloud
Smart Fleet Management Market Size and Forecast, 2017-2026 by Region
- North America [U.S., Canada]
- Europe [Germany, UK, France, Italy, Spain, Belgium, Netherlands, Rest of Europe]
- Asia-Pacific [China, India, Japan, South Korea, Singapore, Malaysia, Rest of Asia-Pacific]
- Latin America [ Brazil, Mexico, Argentina, Rest of Latin America]
- Middle East and Africa [Israel, South Africa, Saudi Arabia, UAE, Rest of MEA]
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