Smart Fleet Management Market Size, Segmented By Application and Geography Trends, Growth and Forecast To 2023

Global Smart Fleet Management Market Size, Information Report by Transportation (Automotive, Rolling Stock, Marine), by Hardware (Tracking, Optimization, ADAS, and Diagnostic), by Solution (Tracking and Optimization), and by Regions - Global Forecast To 2023

(firmenpresse) - smart fleet management market size Overview

Market Research Future (MRFR), in its latest “smart fleet management market size” report, reveals that the global market of smart fleet management is expected to exhibit healthy growth over the forecast period of 2016 to 2023. The need for better fleet management is rising as the global population grows and an increase in traffic congestion is observed. Hence, the global smart fleet management market size is expected to expand at a decent growth rate across the forecast period.

Smart fleet management system equips a fleet operator with different information that aids in the effective administration of fleets. This is expected to boost the expansion of the global market of smart fleet management software. The solution aids in tracking fuel consumption and in route management.

Competitive Analysis

The global smart fleet management market is dominated by companies such as Globecomm Systems Inc., Precious Shipping Co. Ltd., OTTO Marine Ltd., CalAmp Corp., Sierra Wireless Inc., Cisco Systems Inc., Continental AG, IBM Corporation, Denso Corporation, Siemens AG, Robert Bosch GmbH, and Harman International Industries Inc.

In April 2019, CalAmp acquired Synovia Solutions, a leading provider of fleet tracking solutions and a longtime collaborator with CalAmp.

Segmentation

The global smart fleet management market size is segmented on the basis of transportation type, hardware, solution, and region.

By transportation type, the global smart fleet management market is segmented into automotive, rolling stock, and marine.

By hardware, the global smart fleet management market size is segmented into tracking, optimization, ADAS, and diagnostic.

By solution, the global smart fleet management market is segmented into tracking and optimization.

Regional Analysis

Asia Pacific is likely to retain a major share in the global smart fleet management market size over the forecast period. The growing urbanization and industrialization in Asia Pacific has driven the demand for smart, efficient tracking mechanisms for shipping companies. The steady improvement in transportation facilities and infrastructure in countries such as China, India, Indonesia, Malaysia, and Singapore is likely to be a major driver for the global smart fleet management market size over the forecast period.

Growing government support for solutions that make transportation safer and more reliable across the board is likely to be a major driver for the smart fleet management solutions market in Asia Pacific. Driver safety has become a major topic in transportation applications over the last few years, with several governments issuing supportive regulations that could enable strong progress of the smart fleet management market size over the forecast period.

Access Full Report (at) https://www.marketresearchfuture.com/reports/smart-fleet-management-market-5226

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