The IoT Fleet Management is an integrated outcome of
hardware, software and communication technology. It offers a wide range of
solutions such as remote diagnostics, management of fuel, fleet analytics,
predictive maintenance, tracking and monitoring of vehicles and various others.
It is highly applicable to improve vehicular internet connectivity. The
application of the IoT fleet management allows enhancing the operational
efficiency in response to the cost-efficiency. Increasing
requirement for vehicle safety and optimum operational efficiencies is a major
factor anticipated to propel growth of the global market during the forecast
period. In addition to this, the rising adoption and ability of tablets,
smartphones and other smart devices to integrate with vehicles are other
factors projected to boost growth of the IoT fleet management market. Moreover,
the government regulations and initiatives for intelligent transportation
systems will promotes the development of vehicle connectivity technologies, leading
to the rising adoption of IoT technologies across the world. This factor is anticipated
to favor the growth of the IoT fleet management market in the coming years. Besides,
the increasing preference towards lower consumption of energy, risk-free
operations and minimum emissions is other factor estimated to fuel growth of
the global IoT fleet management market over the forecast period. Also the
rising development and increasing adoption of smartphones, internet services, smart
devices and digital software are projected to create lucrative opportunities
for manufacturers operating in the IoT fleet management market. Since, the cyber-attacks have proliferated
significantly around the world; the requirement to protect end-users from a possible
attack is anticipated to play a prominent role in determining the growth of the
IoT fleet management market. Besides this, the factors such as limited IoT
infrastructure in developing nations and poor network connectivity will limit
the market growth.
Further,
the ongoing trend observed in the IoT fleet management market is development of
various IoT technologies which offer various benefits such as security, monitoring
and safety. Furthermore, the advancements in vehicular internet connectivity leading
to the growing rate of adoption for IoT fleet management around the globe. IoT
fleet management offers several solutions such as vehicle tracking and
monitoring, fuel management, fleet analytics, remote diagnostics, predictive
maintenance and driver performance tracking and monitoring.
The
global IoT Fleet Management Market is segregated on the basis of Platform as Device
Management, Application Enablement and Network Management. Based on Service the
global IoT Fleet Management Market is segmented in Professional and Managed.
Based on Cloud Deployment the global IoT Fleet Management Market is segmented
in Private, Public and Hybrid. Based on Solution the global IoT Fleet
Management Market is segmented in Driver Tracking & Monitoring, Fleet
Analytics, Fuel Management, Predictive Maintenance, Remote Diagnostics and Vehicle
Tracking & Monitoring. Based on Application the global IoT Fleet Management
Market is segmented in Commercial Vehicles and Passenger Cars.
The
global IoT Fleet Management Market report provides geographic analysis covering
regions, such as Europe, North America, Asia Pacific, and Rest of The World.
The IoT Fleet Management Market for each region is further segmented for major
countries including the U.S., Canada, Germany, the U.K., France, Italy, China,
India, Japan, Brazil, South Africa, and others.
Competitive Analysis
AT &
T Inc., Cisco Systems Inc., Verizon Communications Inc., TomTom International
BV, Trimble Inc. and others are among the major players in the global IoT Fleet
Management Market. The companies studied in terms of product strategy and
various n several growth and expansion strategies to gain a competitive edge in
the market. The major players not only follow value chain integration with
business operations in multiple stages of the value chain.
- In
January 2017, Cisco Systems, Inc. introduced its Cisco Jasper IoT services in partnership
with Asia-Pacific Telecom, China in the Taiwan market. This expansion will assist
the company to enhance its market presence in the Asia-Pacific region.
- In
September 2016, TomTom International launched ‘TomTom Pro 2020’, a driver
terminal solution which provides monitoring and controlling of the complete
fleet system. This product comprises of features such as driver ID, working
time log, digital logbook and driver performance improvement module.
- In August
2016, Verizon Communications, Inc. has acquired Fleetmatics Group PLC (U.S.), a
global fleet management solutions provider. The acquisition, worth USD 2.4
billion, became a part of Verizon Telematics business. This acquisition would support
the company to expand its offerings in network and fleet solutions. It also offers
an opportunity to serve the current customer base of Fleetmatics with around
826,000 subscribers.
The global IoT Fleet Management Market has been
segmented as below:
IoT
Fleet Management Market, By Platform
- Device Management
- Application Enablement
- Network Management
IoT
Fleet Management Market, By Service
IoT
Fleet Management Market, By Cloud Deployment
IoT
Fleet Management Market, By Solution
- Driver Tracking & Monitoring
- Fleet Analytics
- Fuel Management
- Predictive Maintenance
- Remote Diagnostics
- Vehicle Tracking & Monitoring
IoT
Fleet Management Market, By Application
- Commercial Vehicles
- Passenger Cars
IoT
Fleet Management Market, By Region
- Europe
- North America
- Asia Pacific
- Rest of The World
IoT
Fleet Management Market, By Company
- AT & T Inc.
- Cisco Systems Inc.
- Verizon Communications Inc.
- TomTom International BV
- Trimble Inc.
- IBM Corporation
- Omnitracs
- Sierra Wireless
- Intel Corporation
- Telefonica S. A
- Fleetmatics
- Teletrac Navman
- Oracle
The
report covers the below scope:
- Global IoT Fleet Management Market
sizes from 2020 to 2026, along with CAGR for 2020-2026
- Market size comparison for 2019 vs
2026, with actual data for 2019, estimates for 2019 and forecast from 2020 to
2026
- Global IoT Fleet Management Market
trends, covering comprehensive range of consumer trends & manufacturer
trends
- Value chain analysis covering
participants from raw material suppliers to the downstream buyer in the global IoT
Fleet Management Market
- Major market opportunities and
challenges in forecast timeframe to be focused
- Competitive landscape with analysis
on competition pattern, portfolio comparisons, development trends and strategic
management
- Comprehensive company profiles of
the key industry players
The
years considered for the study are as follows:
- Base year - 2019
- Estimated year - 2019
- Projected year - 2020
- Forecast period - 2021 to 2026
Report
Scope:
The global IoT Fleet Management Market report scope
includes detailed study covering underlying factors influencing the industry
trends. The report covers analysis on regional and country level market
dynamics. The scope also covers competitive overview providing company market
shares along with company profiles for major revenue contributing companies.
The report scope includes detailed competitive outlook covering market shares
and profiles key participants in the global IoT Fleet Management Market share.
Major industry players with significant revenue share include AT
& T Inc., Cisco Systems Inc., Verizon Communications Inc., TomTom
International BV, Trimble Inc. and
others.
Why to
Buy this Report:
- Gain detailed insights on the IoT Fleet Management
industry trends
- Find complete analysis on the
market status
- Identify the IoT Fleet Management
Market opportunities and growth segments
- Analyse competitive dynamics by
evaluating business segments & product portfolios
- Facilitate strategy planning and
industry dynamics to enhance decision making
Target
Audience:
- The report targeted towards the existing players in
the industry is as follows:
- Market Manufacturers/Service
Providers
- Market Wholesale/Traders
- Investment and Financial
Institutions
Free
and Paid Customization based on the requirement