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Smart Fleet Management Market to Witness Tremendous Growth and Expansion by 2025
by sonali_86 · December 9 Wholesale AC Milan FC Jerseys , 2019

The global聽smart fleet management market聽size is expected to reach USD 565.1 billion by 2025, according to a study conducted by Grand View Research, Inc. The market is anticipated to register a CAGR of 7.6% from 2017 to 2025. Introduction of vehicular communication technologies has increased the adoption of smart fleet management solutions, which enable vehicle tracking and monitoring, fleet analytics, fuel management Wholesale AC Milan Jerseys , predictive maintenance, remote diagnostics, and driver performance tracking and monitoring, among others. This enables fleet operators of all sizes to incorporate smart technologies to increase their operational efficiency, enhance productivity, and enable varied cost savings. Government agencies are investing in intelligent transport systems and mandating the use of connected technologies for all vehicles to enhance driver and road safety Cheap AC Milan FC Jerseys , reduce carbon emissions, and efficiently manage traffic congestions.



For connected technologies to work successfully, it is of utmost importance that there be seamless connectivity. In regions such as North America and Europe, there is ubiquitous presence of strong wireless connectivity infrastructure and this has facilitated widespread investment in telematics solutions among fleet operators. Additionally, presence of prominent industry players such as Cisco Systems, Inc.; IBM Corporation; Continental AG; Sierra Wireless; Zonar Systems Cheap AC Milan Jerseys , Inc.; and Orbcomm, Inc. is estimated to foster growth prospects for the smart fleet management market.

On the down side, advancements in networking technologies enabling a connected environment will pose significant concerns over data privacy and data security. Lack of network infrastructure in developing regions, complexity of deployment, and high initial capital requirements are also expected to hinder the growth of the smart fleet management market.

Access Research Report of Smart Fleet Management Market@聽 Further key findings from the study suggest:


By transportation, the automotive segment will register the fastest growth during the forecast period Cheap Suso Jersey , exhibiting a CAGR of 8.2%. Autonomous vehicles, telematics, and vehicular communications will drive this segment In terms of hardware, ADAS systems are expected to dominate the global smart fleet management market owing to increasing government regulations and initiatives to ensure safety Low cost, flexibility, and scalability are expected to drive the cloud connectivity segment. The segment is expected to expand at a CAGR of 8.8% over the forecast period Demand for efficient transportation Cheap Riccardo Montolivo Jersey , rising demand for premium fleets, and implementation of strict government regulations are expected to bolster the growth of the APAC market Cisco Systems, Inc.; Continental AG; IBM Corporation; Siemens AG; Robert Bosch GmbH; Tech Mahindra; Sierra Wireless; and Zonar Systems, Inc. are some of the major players in the market. Grand View Research has segmented the global smart fleet management market on the basis of transportation, hardware, connectivity Cheap Ricardo Rodriguez Jersey , and region:
Smart Fleet Management Transportation Outlook (Revenue, USD Billion, 2014 – 2025)


Automotive Rolling Stock Marine Smart Fleet Management Hardware Outlook (Revenue, USD Billion, 2014 – 2025)

Tracking Remote Diagnostics ADAS Optimization Smart Fleet Management Connectivity Outlook (Revenue, USD Billion Cheap Patrick Cutrone Jersey , 2014 – 2025)

Short Range Communication Long Range Communication Cloud Smart Fleet Management Regional Outlook (Revenue, USD Billion, 2014 – 2025)

North America US. Canada Europe UK. Germany Asia Pacific China India Japan Rest of World (RoW) Brazil Mexico Others About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The聽company provides syndicated research reports, customized research reports Cheap Nikola Kalinic Jersey , and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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