10 July 2019 –
The Global Smart Fleet Management Market is
expected to grow at a CAGR of 7% during the forecast period. Fleet management
is a mammoth task particularly in the scenario involving fluctuation in fuel
prices, manpower availability, passenger safety, and effective customer
service. The market exhibits several opportunities to enhance customer
satisfaction and fleet performance.
Smart fleet management enables fleet operators to manage
vehicles, routes, and manpower using a mix of technologies. Overall, with the
change in operational abilities and proliferation of technology for disaster
management, fleet management market is likely to witness several opportunities
in the forecast period. Driving factors for market include government
regulations and positive initiatives for reliable and efficient transportation.
In addition, the market witnesses’ technological innovations in the automobile
industry coupled with encouraging conditions in the market. Smart fleet
management solutions are much helpful to avoid any collisions and carbon
emissions. While operating in the real time scenario, smart fleet management
market enhances operational efficiency, which in turn drives the market growth.
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Transportation segmentation for smart fleet management
market includes rolling stock, marine and automotive. By hardware, market
comprises ADAS, tracking remote diagnostics and optimization. Geographical
segmentation for smart fleet management market includes North America, South
America, Europe, Asia-Pacific, Middle East and Africa. North America and Europe
markets are likely to gain a significant market share in the forecast period
due to technological upgrade and rise in traffic volume. Presence of supply
chain and logistics is likely to influence the market growth in these regions.
Asia-Pacific regions have a vast network of road transport
and deal with a massive volume of traffic on regular basis. The vehicle for
goods carrier have undergone tremendous change due to improved road conditions,
better business options and use of enhanced technology for avoiding any
collisions. The key players in the smart fleet management market include IBM
Corporation, Siemens AG, Cisco Systems Inc, Continental AG, Robert Bosch GmbH,
Sierra Wireless, Zonar Systems and Tech Mahindra.
On the basis of
product, this report displays the production, revenue, price, market share and
growth rate of each type, primarily split into
• Tracking
• Optimization
• ADAS
• Remote Diagnostics
On the basis of the
end users/applications, this report focuses on the status and outlook for major
applications/end users, (sales), market share and growth rate for each
application, including
• Automotive
• Rolling Stock
• Marine
• Other
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