17th July 2019 - Internet
of Things (IoT) Fleet Management Market 2014-2025 report delivers
future development strategies, key companies, Possibility of competition, major
challenges analysis. The reports elaborate the expansion rate of the Internet
of Things (IoT) Fleet Management market supported the highest company profile
analysis. This report providing an in-depth analysis, market size, and
evaluation for the developing segment among the Internet of Things (IoT) Fleet
Management market. Internet of Things (IoT) Fleet Management Market report will
help you take expert decisions, recognize opportunities, plan effective
professional tactics, plan new schemes, analyze drivers and restraints and give
you a vision on the Internet of Things (IoT) Fleet Management Market forecast.
Internet of Things (IoT) Fleet
Management Market is expected reach USD 16.86 billion by 2025, as the scope,
product types and its applications are increasing across the globe. The
Internet of Things (IoT) is the network of vehicles, physical devices, home
applications, and the other items surrounded with software, electronics,
actuators, sensors, and connectivity; which permits these objects to exchange
and connect data. The Internet of Things Fleet Management market is expected to
grow at a CAGR of 20.8% in the upcoming period.
The rate of adoption for IoT fleet
management has triggered due to the introduction of vehicular internet
connectivity. Increasing necessity for optimal operative competences and
vehicle security is one of the important inclinations stimulating market
development. Furthermore, growing compatibility of tablets, smartphones, and
the other smart devices with vehicles has formed an entrance for internet
connectivity facilities.
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On the other hand, factors such as growing
price owing to application of IoT services and systems are disturbing market
development. In the developing economies, lack of awareness among nations may
hamper the growth of market in the forecast period. Internet of Things (IoT)
Fleet Management market may be explored by management platform, services, cloud
deployment, solution, applications, and geography. Internet of Things (IoT)
Fleet Management may be explored by management platform as Device Management,
Application Enablement, and Network Management.
Internet of Things (IoT) Fleet
Management may be explored by service as Professional, and Managed. Internet of
Things (IoT) Fleet Management may be explored by cloud deployment as Private,
Public, and Hybrid. Private cloud deployment segment is dominating cloud
deployment. Growing necessity for a safe environment is one of the prime
factors driving the demand of the private cloud sector in the IoT fleet
management in the forecast period. The private cloud type accounts for the
substantial share worldwide. With protected firewalls, private clouds offer
healthy cloud-based protected environment, and could be sustained by the IT
division of any specific business.
Internet of Things (IoT) Fleet
Management may be explored by solution as Predictive Maintenance, Fleet
Analytics, Fuel Management, Vehicle Tracking & Monitoring, Remote
Diagnostics, and Driver Tracking & Monitoring. Internet of Things (IoT)
Fleet Management may be explored by Applications as Commercial Vehicles, and
Passenger Cars
North America has been at the forefront
with regards to Internet of Things (IoT) Fleet Management market and will
continue to rule the roost in the years to come. North America accounted for
the major share of the Internet of Things (IoT) Fleet Management size analysis
in 2016. and it is expected to maintain its foremost position during the
upcoming period from 2014 to 2025. The marketplace for IoT fleet management in
North America, especially in the U.S., is the most lucrative one and gaining
robust traction from numerous features such as rapid technological
advancements, initial acceptance of fleet management and stringent
administrative orders to confirm security. North America is followed by the
Asia-Pacific and Europe.
Some of the key players that fuel the
growth of the Internet of Things Fleet Management market include Trimble Inc.;
Cisco Systems, Inc.; AT&T; Verizon; IBM; Omnitracs; Intel Corporation;
Sierra Wireless; Telefónica and Tomtom International BV. The key players are
focusing on inorganic growth to sustain themselves amidst fierce competition.
As such, mergers, acquisitions, and joint ventures are the need of the hour.
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