Global Internet of Things (IoT) Fleet Management Market 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 industry. Internet of Things (IoT) Fleet Management Market report will help you take expert decisions, recognize opportunities, plan effective professional tactics, plan new schemes, analyse drivers and restraints and give you a vision on the Internet of Things (IoT) Fleet Management Market forecast.
The Internet of Things (IoT) Fleet Management Market report discusses
the primary industry growth drivers and challenges that the vendors and the
market as a whole face and provides an overview of the key trends emerging in
the market. It also talks about the market size of different segments and their
growth aspects along with key leading countries in Americas, Asia-Pacific,
Europe, the Middle East, and Africa regions.
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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.
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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