The global smart fleet management market size is expected to
reach USD 565.1 billion by 2025, according to a study conducted by Grand View
Research, Inc. The market is anticipated to register a CAGR of 7.6% from 2017
to 2025. Introduction of vehicular communication technologies has increased the
adoption of smart fleet management solutions, which enable vehicle tracking and
monitoring, fleet analytics, fuel management, predictive maintenance, remote
diagnostics, and driver performance tracking and monitoring, among others. This
enables fleet operators of all sizes to incorporate smart technologies to
increase their operational efficiency, enhance productivity, and enable varied
cost savings. Government agencies are investing in intelligent transport
systems and mandating the use of connected technologies for all vehicles to
enhance driver and road safety, reduce carbon emissions, and efficiently manage
traffic congestions.
For connected technologies to work successfully, it
is of utmost importance that there be seamless connectivity. In regions such as
North America and Europe, there is ubiquitous presence of strong wireless
connectivity infrastructure and this has facilitated widespread investment in
telematics solutions among fleet operators. Additionally, presence of prominent
industry players such as Cisco Systems, Inc.; IBM Corporation; Continental AG;
Sierra Wireless; Zonar Systems, Inc.; and Orbcomm, Inc. is estimated to foster
growth prospects for the smart fleet management market.
On the down side, advancements in networking
technologies enabling a connected environment will pose significant concerns
over data privacy and data security. Lack of network infrastructure in
developing regions, complexity of deployment, and high initial capital
requirements are also expected to hinder the growth of the smart fleet
management market.
Full Research Report On Global Smart Fleet
Management Market By Grand View Research:
www.grandviewresearch.com/industry-analysis/smart-fleet-management-market
www.grandviewresearch.com/industry-analysis/smart-fleet-management-market
Further
key findings from the report suggest:
- By transportation, the automotive segment will
register the fastest growth during the forecast period, exhibiting a CAGR
of 8.2%. Autonomous vehicles, telematics, and vehicular communications
will drive this segment
- In terms of hardware, ADAS systems are expected
to dominate the global smart fleet management market owing to increasing
government regulations and initiatives to ensure safety
- Low cost, flexibility, and scalability are
expected to drive the cloud connectivity segment. The segment is expected
to expand at a CAGR of 8.8% over the forecast period
- Demand for efficient transportation, rising
demand for premium fleets, and implementation of strict government
regulations are expected to bolster the growth of the APAC market
- Cisco Systems, Inc.; Continental AG; IBM
Corporation; Siemens AG; Robert Bosch GmbH; Tech Mahindra; Sierra
Wireless; and Zonar Systems, Inc. are some of the major players in the
market.
Browse More Reports Of This Category By Grand
View Research:
www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
Grand View Research has segmented the global smart fleet management
market on the basis of transportation, hardware, connectivity, and region:
Smart
Fleet Management Transportation Outlook (Revenue, USD Billion, 2014 - 2025)
- Automotive
- Rolling
Stock
- Marine
Smart
Fleet Management Hardware Outlook (Revenue, USD Billion, 2014 - 2025)
- Tracking
- Remote
Diagnostics
- ADAS
- Optimization
Smart
Fleet Management Connectivity Outlook (Revenue, USD Billion, 2014 - 2025)
- Short
Range Communication
- Long
Range Communication
- Cloud
Smart
Fleet Management Regional Outlook (Revenue, USD Billion, 2014 - 2025)
- North
America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- Asia
Pacific
- China
- India
- Japan
- Rest of
World (RoW)
- Brazil
- Mexico
- Others
Access Press Release Of This Research Report
By Grand View Research:
www.grandviewresearch.com/press-release/global-smart-fleet-management-market
www.grandviewresearch.com/press-release/global-smart-fleet-management-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business decisions,
we offer market intelligence studies ensuring relevant and fact-based research
across a range of industries, from technology to chemicals, materials and
healthcare.
For More
Information: www.grandviewresearch.com
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