11 Jun 2019 - The Global Smart Fleet Management Market is expected to grow at a CAGR of 7% during the forecast period. Fleet management is a mammoth task particularly in the scenario involving fluctuation in fuel prices, manpower availability, passenger safety, and effective customer service. The market exhibits several opportunities to enhance customer satisfaction and fleet performance.
Smart fleet management enables fleet operators to manage vehicles, routes, and manpower using a mix of technologies. Overall, with the change in operational abilities and proliferation of technology for disaster management, fleet management market is likely to witness several opportunities in the forecast period. Driving factors for market include government regulations and positive initiatives for reliable and efficient transportation. In addition, the market witnesses’ technological innovations in the automobile industry coupled with encouraging conditions in the market. Smart fleet management solutions are much helpful to avoid any collisions and carbon emissions. While operating in the real time scenario, smart fleet management market enhances operational efficiency, which in turn drives the market growth.
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Transportation segmentation for smart fleet management market includes rolling stock, marine and automotive. By hardware, market comprises ADAS, tracking remote diagnostics and optimization. Geographical segmentation for smart fleet management market includes North America, South America, Europe, Asia-Pacific, Middle East and Africa. North America and Europe markets are likely to gain a significant market share in the forecast period due to technological upgrade and rise in traffic volume. Presence of supply chain and logistics is likely to influence the market growth in these regions.
Asia-Pacific regions have a vast network of road transport and deal with a massive volume of traffic on regular basis. The vehicle for goods carrier have undergone tremendous change due to improved road conditions, better business options and use of enhanced technology for avoiding any collisions. The key players in the smart fleet management market include IBM Corporation, Siemens AG, Cisco Systems Inc, Continental AG, Robert Bosch GmbH, Sierra Wireless, Zonar Systems and Tech Mahindra.
Geographically, this report is segmented into several key Regions, with production, revenue (million USD), market share and growth rate of Smart Fleet Management in these regions, from 2013 to 2025 (forecast), covering
• United States
• South Korea
Global Smart Fleet Management market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
• Robert Bosch
• Denso Corporation
• Harman International
• IBM Corporation
• Sierra Wireless
• Cisco Systems
• Calamp Corp
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