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SAN FRANCISCO, Global IoT Fleet Management Market is estimated to expand at a substantial CAGR in the forecast period as the scope, product types, and its applications are increasing across the globe. Vehicular internet connectivity has been driving the adoption of IoT fleet management. IoT fleet management comes across as a plethora of solutions like fleet analytics, vehicle tracking & monitoring, predictive maintenance, fuel management system, driver performance monitoring & tracking, and remote diagnostics.
Though we are seeing loads of IoT devices stirring up the market, substantial concerns have been raised with regards to data security and privacy. As there have been significant instances of cyber attacks across the globe since the last few years, there has arisen a need of safeguarding end-users from the potential attack. This is bound to play a vital role in the determination of growth of this market.
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The IoT fleet management market is segmented on the basis of platform, service, cloud deployment, solution, application, and geography. By platform, the market spans application enablement, device management, and network management. By service, it says professional and managed. By cloud deployment, it comprises public, private, and hybrid. By solution, the segmentation goes like fuel management, vehicle monitoring & tracking, remote diagnostics, fleet analytics, predictive maintenance, and driver tracking & monitoring. By application, the segmentation states passenger cars and commercial vehicles.
By geography, the market says North America (U.S., Canada), Europe (Germany, U.K.), Asia Pacific (Japan, India, China), LATAM (Mexico), and MEA. Asia Pacific is looked upon as a promising market for IoT fleet management due to emerging e-Commerce market in the economies like China and India.
The torchbearers for IoT fleet management market include Intel Corporation, AT&T, Verizon, Cisco Systems, Inc., and IBM. The players are emphasizing on inorganic growth. As such, mergers & acquisitions, joint ventures, partnerships are expected to be witnessed in the due course of time.
This report provides detailed historical analysis of global market for IoT Fleet Management from 2013-2018, and provides extensive market forecasts from 2019-2028 by region/country and subsectors. It covers the sales volume, price, revenue, gross margin, historical growth and future perspectives in the IoT Fleet Management market.
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