Smart Fleet Management Market Report Overview
Smart Fleet Management Market Report is having an unprecedented growth as its potential to optimize logistics has been realized by various fleet operators. This operating system can track variable factors such as fuel consumption, maintenance, and route management to make real-time decisions and introduce cost-effective decisions or enhance safety. The global Smart Fleet Management Market Report is expecting a robust growth during the forecast period (2016-2023) as more and more fleet operators are integrating the system into their operational facility to maximize profit. The report on the same market published by Market Research Future (MRFR) further involves various market drivers such as fuel efficiency, connectivity, reduction of transportation & operational cost, and government regulations regarding tracking as major market influencers.
The global Smart Fleet Management Market Report 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.
The global Smart Fleet Management Market Report is segmented on the basis of transportation type, hardware, solution, and region.
By transportation type, the global Smart Fleet Management Market Report is segmented into automotive, rolling stock, and marine.
By hardware, the global Smart Fleet Management Market Report is segmented into tracking, optimization, ADAS, and diagnostic.
By solution, the global Smart Fleet Management Market Report is segmented into tracking and optimization.
Asia Pacific is likely to retain a major share in the global Smart Fleet Management Market Report over the forecast period. The growing urbanization and industrialization in Asia Pacific has driven the demand for smart, efficient tracking mechanisms for shipping companies. The steady improvement in transportation facilities and infrastructure in countries such as China, India, Indonesia, Malaysia, and Singapore is likely to be a major driver for the global Smart Fleet Management Market Report over the forecast period. The growing number of software development companies in the region and the growing research prospects in the Internet of Things (IoT) are also likely to be a major driver for the Smart Fleet Management Market Report in Asia Pacific over the forecast period, as this is likely to enable smooth incorporation of technological advances into the practical solutions.
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