Smart Fleet Management Market Share, Global Size, Challenges and Future Forecast To 2023
Summary
Global Smart Fleet Management Market Share, Information Report by Transportation (Automotive, Rolling Stock, Marine), by Hardware (Tracking, Optimization, ADAS, and Diagnostic), by Solution (Tracking and Optimization), and by Regions - Global Forecast To 2023
Overview
The growing demand for long-distance shipping of various products, including for the food and beverage, steel and metalworking, and construction industries, is likely to be a major driver for the global Smart Fleet Management Market Share, over the forecast period.
Competitive Analysis
The global Smart Fleet Management Market Share, is dominated by companies such as Globecomm Systems Inc., Precious Shipping Co. Ltd., OTTO Marine Ltd., CalAmp Corp., Sierra Wireless Inc., Cisco Systems Inc., Continental AG, IBM Corporation, Denso Corporation, Siemens AG, Robert Bosch GmbH, and Harman International Industries Inc.
In April 2019, CalAmp acquired Synovia Solutions, a leading provider of fleet tracking solutions and a longtime collaborator with CalAmp.
Segmentation
The global Smart Fleet Management Market Share is segmented on the basis of transportation type, hardware, solution, and region.
By transportation type, the global Smart Fleet Management Market Share, is segmented into automotive, rolling stock, and marine.
By hardware, the global Smart Fleet Management Market Share, is segmented into tracking, optimization, ADAS, and diagnostic.
By solution, the global Smart Fleet Management Market Share, is segmented into tracking and optimization.
Regional Analysis
Growing government support for solutions that make transportation safer and more reliable across the board is likely to be a major driver for the smart fleet management solutions market in Asia Pacific. Driver safety has become a major topic in transportation applications over the last few years, with several governments issuing supportive regulations that could enable strong progress of the Smart Fleet Management Market Share, over the forecast period.
North America and Europe are also likely to hold on to major shares in the global Smart Fleet Management Market Share, over the forecast period due to the early mover advantage, which has seen widespread installation of advanced smart fleet management solutions in these regions.
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