Global IoT Fleet Management Market Size is estimated to expand rapidly in coming years, at a CAGR of 22.36 % from 2018 to 2025. In 2017, the global market valuation was USD 3.25 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. Fleet management is a function which allows companies to incorporate many different functions, such as telematics, vehicle maintenance and finance, vehicle tracking and diagnostics, fuel management and management of the fleet driver. Increasing demands of optimized business operations, real time fleet monitoring and increase in government mandates for fleet safe are some of the key point which is driving the growth of global IoT fleet management market. North America is expected to be the highest growing region in the market of IoT fleet management.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global IoT fleet management market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global IoT fleet management market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.

Segment Analysis

By Platform Insights: on the basis of device type, global IoT fleet management market has been segmented into device management, application enablement platform, and network management. Among which routing management segment is expected to be the highest growing segment in the market of IoT fleet management. Routing in IoT fleet management is related to considerations of layout, temporary storage of in process material and maintaining road freight traffic. Constants R&D and technical advancement are the key factors behind the growth of routing management.

By Services Insights: on the basis of device type, global IoT fleet management market has been segmented into professional and managed. According to the research and analysis, the managed services segment is expected to be the highest growing segment in the market of global IoT fleet management. Managed services offer flexibility and increase the function handling. With the help of managed services certain things can be modified as per client’s demands which results in customer satisfaction. Managed services provide low cost of operation in IoT fleet management market.

By Organization Size Insights: On the basis of organization size, global IoT fleet management market has been segmented into large, small and mid-size organizations. Amongst them mid-size organizations are expected to victim high growth in the IoT fleet management market in forecast period due to increasing awareness and benefits of cloud based IoT fleet management applications. According to the research, Cloud based IoT fleet management application provide wide range of applications such as flexibility, and data security provided by cloud.

Regional Analysis

The global IoT fleet management market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. North America is expected to witness high growth in upcoming time span due to high demand in fleet vehicles and increasing advanced technological products. Technical advancements and government’s regulatory developments in the market are also one of the reasons behind market uplifting. In terms of region Asia Pacific region is expected to witness high growth in the market in upcoming time-span owing to the high demand of fleet vehicles. Low cost of raw material and easy availability of labors are key points for boosting market in Asia Pacific region. Emerging countries in the Asia Pacific region such as India, China and Japan are key manufacturers of advanced automotive parts which will drive the market and contribute the highest share in forecast period. Europe is anticipated to dominate the global IoT fleet management market over the projected period majorly owing to high technical demand of fleet vehicles, better technological connectivity and ease of raw material and highly cost-effective business strategies.

Global IoT Fleet Management Market Size, Share Analysis by Region 2017

Global IoT Fleet Management Market Study Objective

1. To forecast the market size of global IoT fleet management market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of global IoT fleet management market on the basis of region, substrate and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate significant factors that will have major impact on the growth of global IoT fleet management market, such as drivers, restraints, challenges and opportunities.

4. Regional analysis of global IoT fleet management market, to induce market size of five global major regions, which include, IoT fleet management, North America, South America, Middle East & Africa and Asia Pacific.

5. Strategic analysis of micro markets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.

6. To provide detailed analysis of competitive and strategic developments in the global IoT fleet management market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Players Landscape

Trimble, Inc., IBM Corporation, Omnitracs, Sierra Wireless, Intel Corporation, and Telefonica S.A, T&T, Inc., Cisco Systems, Inc., Verizon Communications are some of the key players in the market of IoT fleet management.

Global IoT Fleet Management Market Study Report Offer You!

The global market study report gives an idea about market size, share, stock, equity, investment, and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities, and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review, and market prediction & projection to develop effective strategies for optimizing their market position.