Global Smart Fleet Management Market 2024-2028
The smart fleet management market is forecasted to grow by USD 241.6 bn during 2023-2028, accelerating at a CAGR of 8.8% during the forecast period. The report on the smart fleet management market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by government regulations for fleet management, real-time fleet monitoring, and increasing operational fleet efficiency, fleet security, and optimized fuel management.
Technavio's smart fleet management market is segmented as below:
ByApplication
- Tracking
- ADAS
- Optimization
- Fuel cards
- Automatic vehicle identification
ByType
- Roadways
- Railroad
- Marine
- Aviation
ByGeography
- APAC
- Europe
- North America
- Middle East and Africa
- South America
This study identifies the increasing adoption of telematics and autonomous vehicles, and the growing incorporation of electronic vehicles in company fleets as one of the prime reasons driving the smart fleet management market growth during the next few years. Also, the popularity of green fleet management solutions, fleet replacement, and lifecycle management and the growing use of software in fleet management will lead to sizable demand in the market.
The report on the smart fleet management market covers the following areas:
- Smart fleet management market sizing
- Smart fleet management market forecast
- Smart fleet management market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading smart fleet management market vendors that include Avnet Inc., Cisco Systems Inc., CLM Fleet Management Plc, Continental AG, Cyrrup Solutions Pvt. Ltd., DENSO Corp., FleetGO Group Ltd., Fleetsmart, International Business Machines Corp., Oracle Corp., ORBCOMM Inc., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Siemens AG, Semtech Corp., Speedcast, Tech Mahindra Ltd., TomTom NV, Total Motion Ltd., and Trakm8 Holdings Plc. Also, the smart fleet management market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.