The global Smart FleetManagement Market expected to gain significant momentum during the forecast
period 2019-2027, owing to a rise in demand for smart fleet management for
vehicle tracking and monitoring, fuel management, remote diagnostics, and
driver performance tracking and monitoring. Smart fleet management helps get
current maintenance and maintenance information of the vehicle at any time to
improve the efficiency of vehicle maintenance work and reduce downtime. The
fleet safety and security in cargo and passenger transportation benefits such
as real-time monitoring, geo-fencing, diagnostic functions, etc. in rail,
automotive, and marine transportation contribute to the growing demand for
smart fleet management market.
The global Smart Fleet
Management market will bolster by the growing demand for AI and IoT based
technology for smart fleet management solutions such as real-time monitoring
tracking, monitoring, and enhanced safety and security. Additionally, smart
fleet management uses data to connect each truck, cargo owner, capacity owner,
and driver to improve the efficiency of transportation services and make
logistics more economical, efficient, safer, and more environmentally friendly.
Moreover, governments from various developing countries have initiated smart
fleet management technologies to reduce energy consumption, curtail carbon
emissions, and avoid road congestions.
Further, the growing demand
for fuel efficiency in vehicle operations, along with the need for high-speed
networks estimated to bolster the global smart fleet management market during
the forecast period.
Transportation Overview
in the Global Smart Fleet Management Market
Based on
transportation, the global Smart Fleet Management Market categorized into
Automotive, Rolling Stock, and Marine. The Automotive segment expected to
dominate the global Smart Fleet Management market owing to the benefits for the
fleet owner so that they can optimize their fleet operations and reduce
business risks.
Hardware Overview in the
Global Smart Fleet Management Market
Based on the
hardware, the Global Smart Fleet Management Market classified into Tracking,
Optimization, ADAS, Remote Diagnostic, and Others. The Advanced Driver
Assistance Systems (ADAS) segment projected to generate maximum revenue due to
the promotion of safety regulation by various developing countries for
vehicular safety, and the rapid adoption of autonomous vehicle technologies.
Connectivity Overview in
the Global Smart Fleet Management Market
Based on
Connectivity, the Global Smart Fleet Management Market segregated into Short,
Long, and Cloud. The Long-range segment will dominate the market on account of
the smart fleet to provide vehicular safety by triggering safeguard measures
and avoiding collisions.
Regional Overview in the
Global Smart Fleet Management Market
Based on the region, the
Global Smart Fleet Management Market segmented into North America, Europe, Asia
Pacific, Middle East & Africa, and Latin America. The Asia Pacific anticipated generating
maximum revenue in the global Smart Fleet Management owing to the application
for smart fleet management to real-time monitoring and traction of shipments
along with the huge surge in international free trade across the globe.
Global Smart Fleet
Management Market: Competitive Landscape
Companies
such as Continental AG, Denso Corporation, Robert Bosch GmbH, IBM Corporation, Harman
International Industries, Inc., Siemens AG, Cisco Systems, Inc., Sierra
Wireless, Inc., Calamp Corp., OTTO Marine Ltd, Globecomm Systems, Inc., and
Precious Shipping Company Public Limited are the key players in the Global
Smart Fleet Management Market.
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