Safety Concerns is demanding Innovation in the Global Smart Fleet Management Market
According to a new market research report launched by Inkwood Research, the Global Smart Fleet Management Market is progressing at a CAGR of 6.47% during the forecast period and is projected to reach around $518.69 billion by 2028.
Browse 50 market data Tables and 45 figures spread over 198 Pages, along with in-depth analysis on Global Smart Fleet Management Market byConnectivity, Transportation Mode, Application & by Geography.
This insightful market research report by Inkwood Research focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. The report covers all the aspects of this comprehensive market by assessing major geographies and is a valuable asset for the existing players, new entrants, and future investors. The study presents a detailed market analysis, with inputs derived from industry professionals across the value chain.
Global Smart Fleet Management Market Scenario
The adoption of smart fleet management is progressing at a significant pace, attributed to its offerings such as critical alerts, driver behavior, real-time alerts, safety alerts, and anti-theft notifications. It is also used to enhance safety, ensure compliance, and reduce costs. Moreover, the system allows operators to track vehicles in real time, reducing transportation time & costs and increasing operational efficiency.
The smart fleet management market’s growth is driven by the integration of real-time fleet monitoring of vehicles, the rising use of cloud-based technology, and enhanced vehicle monitoring & fuel management. Government initiatives such as the development of the ‘National Safety Program’ by the U.S. government for its General Services Administration (GSA) fleet and announced a tactical plan to develop Intelligent Transportation Systems (ITS) over five years are contributing factors to the rapid growth of the market. Conversely, some of the factors holding back the market are the slow adoption rate among small fleet owners, the high cost of fleet management systems, and cybersecurity threats.
The Global Smart Fleet Management Market report provides data tables and includes charts and graphs for visual analysis.
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Market Segmentation
Market by Connectivity
- Cloud
- Long-Range
- Short-Range
Market by Transportation Mode
- Marine
- Roadways
- Railways
- Airways
Market by Application
- Automatic Vehicle Identification
- Tracking
- ADAS
- Fuel Cards
- Optimization
Report Highlights
– The report provides a detailed analysis of the current and future market trends to identify the investment opportunities – Market forecasts till 2028, using estimated market values as the base numbers – Key market trends across the business segments, regions, and countries – Key developments and strategies observed in the market – Market dynamics such as drivers, restraints, opportunities, and other trends – In-depth company profiles of key players and upcoming prominent players – Growth prospects among the emerging nations through 2028
Companies Profiled
- ZONAR SYSTEMS INC
- TECH MAHINDRA LIMITED
- SIEMENS AG
- OMNITRACS LLC
- DENSO CORPORATION
- ORBCOMM INC
- ROBERT BOSCH GMBH
- SIERRA WIRELESS INC
- CONTINENTAL AG
- INTERNATIONAL BUSINESS MACHINES CORPORATION
- CISCO SYSTEMS INC
- D. SYSTEMS INC (POWERFLEET INC)
GLOBAL ADVANCED DRIVER ASSISTANCE SYSTEM MARKET – Global advanced driver assistance system (ADAS) market is growing at a CAGR of 14.68% during the forecast period.
GLOBAL AUTOMOTIVE TELEMATICS MARKET – Global automotive telematics market is growing at a CAGR of 21.36% during the forecast period.
Media Contact
Company Name: Inkwood Research
Contact Person: Arvind Iyer
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Country: United States
Website: https://www.inkwoodresearch.com/