Smart Fleet Management Market: Growth, Future Prospects & Competitive Analysis, 2018 – 2026

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Published: | Report ID: 10161 | Report Format : PDF

Overview

Smart fleet management systems allow fleet operators to track vehicles remotely using GPS technology, which helps in coordinating, managing, and simplifying transportation-related activities. Smart fleet management systems simplify transportation-related activities and help minimize overall transportation costs through cost-effective and optimum utilization of available resources. Managing a fleet of vehicles is a challenging task, especially with respect to concerns regarding the safety of passengers and drivers. Along with this, the imminent need to deliver excellent customer service and keep a check on fuel costs is equally important. Smart fleet management solutions not only help operators address these issues effectively but also improve fleet performance and customer satisfaction.

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Smart fleet management allows optimal monitoring and routing of a vehicle. Due to real-time access to fleet status and fleet data, fleet operators can run efficient operations that can help improve driver productivity. Advancements in technology resulting in increased internet connectivity have helped fleet operators obtain information in real-time and make informed decisions with respect to operational efficiency. Furthermore, smart fleet management systems assist in downloading fleet data to measure, analyze, and improve safety in order to make cost-effective decisions. For instance, fleet operators can measure the fuel efficiency of a vehicle in advance based on the route that it has selected. Thus, smart fleet management systems increase the effectiveness and efficiency of the operator by reducing the overall transportation, workload, and staff costs.

The smart fleet management market is driven by the increasing demand for real-time tracking and fleet monitoring among fleet owners. In addition, the rising need for enhancing vehicle safety and stringent government regulations promoting secure, efficient, and reliable transportation are collectively driving the market growth. Furthermore, the growing trend towards mobile connectivity and the “connected car” concept has enabled fleet owners to achieve high operational efficiencies, enhance vehicle safety, and optimize fleet operations. With the advent of the Internet of Things, fleet operators are increasingly equipping their vehicles with wireless technology in a bid to improve and achieve seamless connectivity and scalability. These factors are collectively anticipated to favor demand for fleet optimization solutions over the forecast period (2018–2026).

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The global smart fleet management market is segmented on the following basis:

By Transportation

  • Automotive
  • Marine
  • Rolling Stock

By Connectivity

  • Short-Range Communication
  • long-range communication
  • Cloud

By Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Italy
    • U.K.
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • India
    • China
    • Japan
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

Key players identified in the smart fleet management market include, but are not limited to:

CalAmp, Cisco, Continental AG, Denso Corporation, Globecomm Systems Inc., HARMAN International, IBM, Jutha Marine, Orbcomm, Otto Marine Limited, Precious Shipping Public Company Limited, Robert Bosch GmbH, Siemens AG, Sierra Wireless

Frequently Asked Question:

What is the size of Smart Fleet Management Market?

The market for Smart Fleet Management Market is expected to reach USD$ XX Bn in 2026.

What is the Smart Fleet Management Market CAGR?

The Smart Fleet Management Market is expected to see significant CAGR growth over the coming years, at XX%.

What is the Forecast period considered for Smart Fleet Management Market?

The report is forecasted from 2018 -2026.

What is the base year considered for Smart Fleet Management Market?

The base year of this report is 2017.

Who are the major players in this market?

CalAmp, Cisco, Continental AG, Denso Corporation, Globecomm Systems Inc., HARMAN International, IBM, Jutha Marine, Orbcomm, Otto Marine Limited. are some of the major players in the global market.

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