Global IoT Fleet Management Market Size, Status and Forecast 2020-2026

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.
The key factors driving the growth of the IoT fleet management market are increased demand for optimized business operations, real-time fleet monitoring, and growing number of government mandates for fleet safety.
Routing management accounted for the largest share of the IoT fleet management market, 38.4% in 2016. The growth of this segment can be attributed to rising global road freight traffic and constant R&D activities to develop innovative products. Also, the continuous R&D activities by fleet solution providers to develop advanced products help the fleet companies to provide the shortest and less crowded route to fleet vehicles to avoid unnecessary overtime cost.
The North America region is expected to hold the largest share in the IoT fleet management market, 38% in 2016. The growth of the IoT fleet management market in this region can be attributed to increasing sales of fleet vehicles, high adoption rate of advanced technological products, and regulatory developments by the government.
The major players who are operating in the IoT fleet management market globally have been profiled thoroughly and competitively in the study across all the give broad geographical regions that are covered under the purview of the report. The competitive analysis of all the market players is inclusive of their recent developments regarding IoT fleet management and the unique business strategies formulized by the companies to compete and retain their position in the global market.
Market Analysis and Insights: Global IoT Fleet Management Market
In 2019, the global IoT Fleet Management market size was US$ 5669.8 million and it is expected to reach US$ 21830 million by the end of 2026, with a CAGR of 21.0% during 2021-2026.
Global IoT Fleet Management Scope and Market Size
IoT Fleet Management market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global IoT Fleet Management market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2015-2026.
Segment by Type, the IoT Fleet Management market is segmented into Passenger Vehicles, Commercial Vehicles, etc.
Segment by Application, the IoT Fleet Management market is segmented into Routing Management, Tracking and Monitoring, Fuel Management, Remote Diagnostics, Others, etc.
Regional and Country-level Analysis
The IoT Fleet Management market is analysed and market size information is provided by regions (countries).
The key regions covered in the IoT Fleet Management market report are North America, Europe, China, Japan, Southeast Asia, India and Central & South America, etc.
The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by Type, and by Application segment in terms of revenue for the period 2015-2026.

Competitive Landscape

and IoT Fleet Management Market Share Analysis
IoT Fleet Management market competitive landscape provides details and data information by vendors. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by player for the period 2015-2020. Details included are company description, major business, company total revenue and the revenue generated in IoT Fleet Management business, the date to enter into the IoT Fleet Management market, IoT Fleet Management product introduction, recent developments, etc.
The major vendors include Trimble, Omnitracs, Fleetmatics (Verizon), AT&T, IBM, Teletrac Navman, TomTom, Oracle, Intel, Cisco Systems, Sierra Wireless, etc.

This report focuses on the global IoT Fleet Management status, future forecast, growth opportunity, key market and key players. The study objectives are to present the IoT Fleet Management development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.

The key players covered in this study


Trimble
Omnitracs
Fleetmatics (Verizon)
AT&T
IBM
Teletrac Navman
TomTom
Oracle
Intel
Cisco Systems
Sierra Wireless

Market segment by Type, the product can be split into


Passenger Vehicles
Commercial Vehicles

Market segment by Application, split into


Routing Management
Tracking and Monitoring
Fuel Management
Remote Diagnostics
Others

Market segment by Regions/Countries, this report covers


North America
Europe
China
Japan
Southeast Asia
India
Central & South America

The study objectives of this report are:


To analyze global IoT Fleet Management status, future forecast, growth opportunity, key market and key players.
To present the IoT Fleet Management development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by type, market and key regions.

In this study, the years considered to estimate the market size of IoT Fleet Management are as follows:
History Year: 2015-2019

Base Year:

2019

Estimated Year:

2020
Forecast Year 2020 to 2026
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.

Frequently Asked Questions



This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.

  • By product type
  • By End User/Applications
  • By Technology
  • By Region

The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.

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