IoT Fleet Management Business and Market 2019 Outlook with Trends, Types, Applications and Key Players

In 2018, the global IoT Fleet Management market size was 3810 million US$ and it is expected to reach 17500 million US$ by the end of 2025, with a CAGR of 21.0% during 2019-2025.

Dublin, United States - March 15, 2019 /MarketersMedia/ —

The key factor propelling the development of IoT fleet management market is the integration of smart devices with vehicles. The advent of the IoT has helped automobiles to connect with smart devices seamlessly, thereby enabling emergency roadside assistance and real-time traffic alerts. The incorporation of IoT with fleet management assists in fuel management, remote diagnostics, routing management, fleet analytics, vehicle maintenance, monitoring and tracking, cost-and time-saving, drive time analysis, and even satisfies the requirements of the client. The rising implementation of smart devices by transportation industries is anticipated to boost the development of the IoT fleet management market over the forecast period.

Routing management accounted for the largest share of the IoT fleet management market, 38.4% in 2016. The growth of this segment can be attributed to rising global road freight traffic and constant R&D activities to develop innovative products. Also, the continuous R&D activities by fleet solution providers to develop advanced products help the fleet companies to provide the shortest and less crowded route to fleet vehicles to avoid unnecessary overtime cost.

The North America region is expected to hold the largest share in the IoT fleet management market, 38% in 2016. The growth of the IoT fleet management market in this region can be attributed to increasing sales of fleet vehicles, high adoption rate of advanced technological products, and regulatory developments by the government.

Download Sample of This Premium Report at https://www.inforgrowth.com/samplerequest/iot-fleet-management-market

The major players who are operating in the IoT fleet management market globally have been profiled thoroughly and competitively in the study across all the give broad geographical regions that are covered under the purview of the report. The competitive analysis of all the market players is inclusive of their recent developments regarding IoT fleet management and the unique business strategies formulized by the companies to compete and retain their position in the global market.
Key Players covered in this report are Trimble, Omnitracs, Fleetmatics (Verizon), AT&T, IBM, Teletrac Navman, TomTom, Oracle, Intel, Cisco Systems, Sierra Wireless.

Report analysed by applications like Routing Management, Tracking and Monitoring, Fuel Management, Remote Diagnostics, Others. Then report is analysed on the basis of product Passenger Vehicles, Commercial Vehicles.

Likewise, the growing participation of government by integrating regulations on fleet security and safety is anticipated to boost the development of the IoT fleet management market. But, the lack of IoT infrastructure in emerging countries may hinder the development of the market. The lack of technically knowledgeable workforce and poor internet connectivity are some other aspects that can negatively affect the development of the market during the forecast period. The growing collaboration and partnerships among the major players in the IoT fleet management market are anticipated to create huge opportunities for the market globally.

Ask for Custom Requirements or Queries about this Report at https://www.inforgrowth.com/customizationrequest/iot-fleet-management-market

The IoT Fleet Management Market report provides key statistics on the market status of the IoT Fleet Management manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.

Major Points Covered in Table of Contents:
1 Study Coverage
2 Executive Summary
3 Breakdown Data by Manufacturers
4 Breakdown Data by Type
5 Breakdown Data by Application
6 North America
7 Europe
8 Asia Pacific
9 Central & South America
10 Middle East and Africa
11 Company Profiles
12 Market Opportunities, Challenges, Risks and Influences Factors Analysis
13 Value Chain and Sales Channels Analysis
14 Research Findings and Conclusion
15 Appendix

About InForGrowth:
We are a market-intelligence company formed with the objective of providing clients access to the most relevant and accurate research content for their growth needs. At InForGrowth, we understand Research requirements and help a client in taking informed business critical decisions. Given the complexities and interdependencies of market-intelligence, there is always more than one source to explore and arrive at the right answer. Through our smart search feature and our reliable & trusted publishing partners, we are paving way for a more simplified and relevant research.

Contact Info:
Name: Rohan
Email: Send Email
Organization: inforgrowth
Address: 6400 Village Pkwy suite # 104, Dublin, CA 94568, USA
Phone: +1-909-329-2808
Website: http://www.inforgrowth.com

Source URL: https://marketersmedia.com/iot-fleet-management-business-and-market-2019-outlook-with-trends-types-applications-and-key-players/492863

Source: MarketersMedia

Release ID: 492863

Latest News

Sri Lankan army probes possible additional extremist groups

May 24, 2019

COLOMBO, Sri Lanka — Sri Lanka's army chief said Thursday that other groups of Islamic extremists could be operating in the country independent of the one that carried out Easter Sunday bomb attacks. "There could be other groups, definitely," Lt. Gen. Mahesh Senanayake said. "To what extent are they offensive, what is the equipment they carry, what is the time frame, who are their handlers, these are all matters under discussion," he told reporters. More than 250 people were killed in coordinated suicide bomb attacks at three churches and three tourist hotels on Easter Sunday that were claimed by the...

Lonely Planet's top destination suffers a blow after blasts

May 24, 2019

HIKKADUWA, Sri Lanka — Sipping fresh coconut water while sunbathing on deserted Hikkaduwa beach, Alexi Konchayenko, a sports trainer from Ukraine, struck a stoical note. Bomb blasts can happen "anywhere, anytime," he said, adding that he was not afraid. "Sri Lanka is an amazing country. This is my first visit and I will tell my friends also to come." His is a lone voice — and a lone presence. Sri Lanka was the Lonely Planet guide's top travel destination for 2019, but since the Easter Sunday attacks on churches and luxury hotels, foreign tourists have fled. Many of those booked...

Met Museum: No more money from family connected to OxyContin

May 24, 2019

NEW YORK — The Metropolitan Museum of Art on Wednesday said it would stop taking monetary gifts from members of the Sackler family who are connected to the pharmaceutical company that makes OxyContin, cutting a longstanding philanthropic relationship at a time when cultural institutions are coming under increasing scrutiny over their donors. The Sackler family overall has a multi-decade history with the Met and other cultural institutions, and there is a wing named for them at the museum that houses the well-known Temple of Dendur. But there has been increasing criticism over institutions accepting money from the branches of the...

Inside the Met Gala: Feathers, bling and ideas about 'camp'

May 24, 2019

NEW YORK — The cocktail bar was shutting down, and guests were being encouraged to commence the elegant trek to dinner through the majestic halls of the Metropolitan Museum of Art. But Joan Collins had just swept in, channeling her famous "Dynasty" character, Alexis, in a tiered gown of fluffy white feathers and gobs of blinding diamonds. And Alexis wanted a glass of wine. "I'm having a great time," Collins said of her first Met Gala. "I'd be even better if I had a drink." The sartorial theme of this year's gala was "camp"— not summer camp, but the aesthetic...

Real spies, not James Bond, take spotlight at new spy museum

May 24, 2019

WASHINGTON — James Bond's shiny silver sports car — with its JB007 rotating license plate — is the first thing visitors see when they step into the new and improved International Spy Museum that opens Sunday in Washington. After that, it's as if the history of Hollywood's famous private eye vanishes in invisible ink, while the stories of real-life spies and modern-day espionage take center stage. The old, cramped museum focused on human collection of intelligence. The new one also offers a window into covert operations, counterterrorism, intelligence analysis, cyber espionage, intelligence failures and even highly debated legal and ethical...

Welcome to The Zig Zag World. This travel blog will help you to make the most out of your travel time with interesting destination guides. Our paths will definitely cross some day as we zigzag around the world.

Contact us: sales@thezigzagworld.com