IoT Fleet Management Market

A fleet management system is formed by the integration of hardware, software, and communication technologies. It provides a platform to fleet operators to efficiently control, track, and monitor commercial vehicles. They improve the overall operational efficiency by reducing the non-value-added activities of the operators. Fuel cards are used for fuel management while driver safety systems monitor driver behavior. Other solutions are employed for locational tracking of vehicles, driver navigation assistance, and ensuring that the operators meet the regulatory standards set by their respective national governments.
The Internet of Things (IoT) helps in smooth connectivity of all the vehicles in a fleet, which not only helps to gain better insight into the driver's behavior but also assists in monitoring the health of the fleet from any device. Rising demand for fleet safety and data management coupled with the growing need to reduce the total cost of ownership (TCO) and achieve fuel efficiency are anticipated to drive the adoption of IoT technology in fleet management systems.
IoT Fleet Management Market contains market size and forecasts of IoT Fleet Management in Global, including the following market information:
Global IoT Fleet Management Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global IoT Fleet Management market was valued at 8660.1 million in 2021 and is projected to reach US$ 31210 million by 2028, at a CAGR of 20.1% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Passenger Vehicles Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of IoT Fleet Management include Trimble, Omnitracs, Fleetmatics (Verizon), AT&T, IBM, Teletrac Navman, TomTom, Oracle and Intel, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the IoT Fleet Management companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global IoT Fleet Management Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global IoT Fleet Management Market Segment Percentages, by Type, 2021 (%)
Passenger Vehicles
Commercial Vehicles
Global IoT Fleet Management Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global IoT Fleet Management Market Segment Percentages, by Application, 2021 (%)
Routing Management
Tracking and Monitoring
Fuel Management
Remote Diagnostics
Others
Global IoT Fleet Management Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global IoT Fleet Management Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies IoT Fleet Management revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies IoT Fleet Management revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Trimble
Omnitracs
Fleetmatics (Verizon)
AT&T
IBM
Teletrac Navman
TomTom
Oracle
Intel
Cisco Systems
Sierra Wireless