Smart Fleet Management Market Report, Global Size, Challenges and Future Forecast To 2023
Summary
Global Smart Fleet Management Market Report, 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
Competitive Analysis
The global Smart Fleet Management Market 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 Report is segmented on the basis of transportation type, hardware, solution, and region.
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.
Regional Analysis
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.
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 Report, over the forecast period.
North America and Europe are also likely to hold on to major shares in the global Smart Fleet Management Market Report, 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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