Smart Fleet Management Market
Overview and Scope
Smart fleet management refers to a solution that helps manage vehicles with a better platform, safely improves driver behavior under secure control, and saves cost.
Sizing and Forecast
The smart fleet management market size has grown strongly in recent years. It will grow from $419.1 billion in 2023 to $455.32 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to fuel efficiency concerns, safety and driver monitoring, globalization of supply chains, government regulations, focus on environmental sustainability, fleet size and complexity.
The smart fleet management market size is expected to see strong growth in the next few years. It will grow to $641 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to urbanization and smart cities, demand for real-time visibility, cybersecurity measures, insurance premium reduction, remote diagnostics. Major trends in the forecast period include adoption of telematics and iot, implementation of predictive analytics, integration with advanced driver assistance systems, integration with cloud-based platforms, eco-friendly and sustainable practices..
To access more details regarding this report, visit the link:
https://www.thebusinessresearchcompany.com/report/smart-fleet-management-global-market-report
Segmentation & Regional Insights
The smart fleet management market covered in this report is segmented –
1) By Solutions: Vehicle Tracking, Fleet Optimization
2) By Connectivity: Short Range Communication, Long Range Communication, Cloud
3) By Transportation: Automotive, Rolling Stock, Marine
4) By Application: Tracking, ADAS, Optimization, Other Applications
5) By Industry Vertical: Transportation and Logistics, Automotive Industry, Government, Oil and Gas, Other Verticals
Asia-Pacific was the largest region in the smart fleet management market share in 2023. The regions covered in the smart fleet management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Intrigued to explore the contents? Secure your hands-on sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=8864&type=smp
Major Driver Impacting Market Growth
The increasing sales and production of passenger cars are expected to propel the growth of the smart fleet management market going forward. An automobile is a self-propelled motor vehicle designed for land passenger transportation. Smart fleet management helps passenger cars by improving safety on the road. For instance, in October 2021, according to the European Automobile Manufacturers Association, a Belgium-based lobbying, and standards group of the automobile industry in the European Union, in the first three-quarters of car registrations across the EU climbed 6.6% to reach 7.5 million units. Therefore, increasing sales and production of passenger cars are driving the growth of the smart fleet management market.
Key Industry Players
Major companies operating in the smart fleet management market report are Continental Aktiengesellschaft, Denso Corporation, Robert Bosch GmbH, Precious Shipping Public Company Limited, Otto Marine Limited, Cisco Systems Inc., Globecomm Systems Inc., International Business Machines Corporation, Samsung Electronics Co. Ltd., Tech Mahindra Limited, Siemens Aktiengesellschaft, CalAmp Corp., General Motors Company, Infineon Technologies AG, WorkWave LLC, Trimble Inc., Verizon Connect, Geotab Inc., Teletrac Navman US Ltd., Samsara Networks Inc., Omnitracs LLC, Fleet Complete Holdings Ltd., Spireon Inc., Gurtam JLLC, MiX Telematics Limited, Inseego Corp., ORBCOMM Inc., Zonar Systems Inc., GPS Insight LLC, KeepTruckin Inc.
The smart fleet management market report table of contents includes:
1. Executive Summary
…..
Explore the trending research reports from TBRC:
https://topprnews.com/cables-market-growth
https://topprnews.com/excavator-market-growth
https://topprnews.com/heat-treating-market-growth
https://goodprnews.com/cables-global-market
https://goodprnews.com/excavator-market
https://goodprnews.com/heat-treating-global-market
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info
Healthcare Blog: https://healthcareresearchreports.com
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Overview and Scope Gout therapeutics refers to medication that exerts therapeutic effects in treating the…
Overview and Scope A food blender and mixer are an electric culinary grinding and mixing…
Overview and Scope Metastatic cancer therapies are pharmaceuticals used to treat cancer that has spread…
Overview and Scope Extrusion sheet is a technique to create flat material sheets of consistent…
Overview and Scope Medical writing refers to writing that focuses on providing well-structured, accurate material…
Overview and Scope Dry eye products refer to products that provide relief and alleviate the…