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Smart Fleet Management Market to 2027 Global Analysis and Forecasts by Mode of Transportation, Connectivity, Application and Geography

Press release   •   Aug 27, 2019 11:54 IST

Global Smart Fleet Management Market

Smart fleet solutions are utilized to simplify the creation of effective maintenance plans in the automotive industry. These solutions incorporate AI, IoT, and data analytics to enhance vehicle budget, driver management, fuel management, and vehicle telematics of aircraft & marine. It integrates commercial, technical, or operational requirements and restrictions. The solutions enable real-time fleet status and fleet data access to the fleet managers to enhance performance and increase driver productivity. The smart fleet management market is anticipated to grow in the forecast period owing to driving factors such as favorable government policies and demand for high speed network. Furthermore, increasing use of cloud based solution is further expected to fuel the growth of the smart fleet management market. However, cybersecurity concerns may hinder the growth of the smart fleet management market. Nonetheless, artificial intelligence for fleet integration is likely to offer lucrative opportunities for the market in the coming years.

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Some of the leading players in global market are Cisco Systems, Inc., Continental AG, Denso Corporation, IBM Corporation, Infineon Technologies AG,, Robert Bosch GmBH, Samsung Electronics Co. Ltd. (Harman International Industries, Inc.), Siemens AG, Trimble Navigation Ltd., Verizon Communications, Inc.

MARKET SEGMENTATION:

The global smart fleet management market is segmented on the basis of mode of transportation, connectivity, and application. Based on mode of transportation, the market is segmented as roadways, marine, railways, and airways. On the basis of the connectivity, the market is segmented as short range communication, long range communication, and cloud. The market on the basis of the application is classified as tracking, optimization, ADAS, and remote diagnostics.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global smart fleet management market based on various segments. It also provides market size and forecast estimates from the year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The smart fleet management market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting smart fleet management market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the smart fleet management market in these regions.

The reports cover key developments in the smart fleet management market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from smart fleet management market are anticipated to lucrative growth opportunities in the future with the rising demand for smart fleet management in the global market. Below mentioned is the list of few companies engaged in the smart fleet management market.

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