IoT Fleet Management Market By Application (Routing Management, Tracking and Monitoring, Fuel Management, Remote Diagnostics, Others), By Services (Professional, Managed), By Platform (Application Enablement Platform, Network Management, Device Management), By Type (Public, Private, Hybrid): Global Opportunity Analysis and Industry Forecast, 2021-2031
IoT Fleet management is the management of commercial vehicle operations at larger scale using advanced software, sensors and technology. It can be defined as the processes used by fleet managers to monitor fleet activities and make decisions from asset management, dispatch & routing, and vehicle acquisition. Businesses that rely on transportation utilize fleet management to control costs, productivity, fuel management, and compliance. Thus, fleet managers are responsible for maintaining costs, maximizing profitability, and reducing fleet vehicle risks. Furthermore, it involves vehicle financing, driver management, and vehicle telematics related to watercraft, aircraft, commercial vehicles (LCVs & HCVs) and railways. In addition, fleet management offers finance management, enhanced safety of vehicle & driver, and operational competency with real-time fleet tracking analysis. Most fleet managers use fleet management software to improve overall fleet safety, customer services, and increase visibility & profitability with process management & research.
The IoT fleet management market is segmented on basis of application, service, platform, type and region. By application, it is divided into routing management, tracking & monitoring, fuel management, remote diagnostics and others. By service, it is bifurcated into professional, and managed. By platform, it is divided into application enablement platform, network management, and device management. By type, it is categorized into public, private, and hybrid. By region, the market is analyzed across North America, Europe, Asia-Pacific and LAMEA.
The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights key areas of investments. In addition, it includes Porter’s five forces analysis to understand competitive scenario of the industry and role of each stakeholder. The report features strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights competitive landscape of key players to increase their market share and sustain intense competition in the industry.
The key players that operate in this market are AT&T Inc., Cisco Systems Inc, Fleet Complete, Honeywell International Inc., Intel Corporation, International Business Machines Corporation (IBM), Northrop Grumman Corporation, Omnitracs, Sierra Wireless, Telefonica S.A, Tomtom International BV, Trimble Inc., Verizon Communications Inc., Vnomics, and Webfleet Solution (Bridgestone Mobility Solutions B.V.).
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the IoT fleet management market analysis from 2021 to 2031 to identify the prevailing IoT fleet management market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the IoT fleet management market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global IoT fleet management market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Application
Routing Management
Tracking and Monitoring
Fuel Management
Remote Diagnostics
Others
By Services
Professional
Managed
By Platform
Application Enablement Platform
Network Management
Device Management
By Type
Public
Private
Hybrid
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
Russia
Netherlands
UK
Poland
Spain
Rest Of Europe
Asia-Pacific
China
India
Japan
South Korea
Asean
Rest Of Asia-Pacific
LAMEA
Brazil
UAE
Saudi Arabia
South Africa
Rest Of LAMEA
Key Market Players
AT&T Inc.
Cisco Systems Inc.
Fleet Complete
Honeywell International Inc.
Intel Corporation
International Business Machines Corporation (IBM)
NORTHRUP GRUNMAN
Omnitracs
Sierra Wireless
Telefonica S.A
Tomtom International BV
Trimble Inc
Verizon Communications Inc
Vnomics
Webfleet Solution
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