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(EMAILWIRE.COM, March 20, 2019 ) A fleet management system is formed by the integration of hardware, software, and communication technologies. It provides a platform to fleet operators to efficiently control, track, and monitor commercial vehicles. They improve the overall operational efficiency by reducing the non-value-added activities of the operators. Fuel cards are used for fuel management while driver safety systems monitor driver behavior. Other solutions are employed for locational tracking of vehicles, driver navigation assistance, and ensuring that the operators meet the regulatory standards set by their respective national governments.
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The key factors driving the growth of the IoT fleet management market are increased demand for optimized business operations, real-time fleet monitoring, and growing number of government mandates for fleet safety.
Routing management accounted for the largest share of the IoT fleet management market, 38.4% in 2016. The growth of this segment can be attributed to rising global road freight traffic and constant R&D activities to develop innovative products. Also, the continuous R&D activities by fleet solution providers to develop advanced products help the fleet companies to provide the shortest and less crowded route to fleet vehicles to avoid unnecessary overtime cost.
Over the next five years, projects that IoT Fleet Management will register a 22.2% CAGR in terms of revenue, reach US$ 12700 million by 2023, from US$ 3810 million in 2017.
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The report also presents the market competition landscape and a corresponding detailed analysis of the major players in the market. The key players covered in this report:
Trimble
Omnitracs
Fleetmatics (Verizon)
AT&T
IBM
Teletrac Navman
TomTom
Oracle
Intel
Cisco Systems
Sierra Wireless
To calculate the market size, it is considered value generated from the sales of the following segments:
Segmentation by product type:
Passenger Vehicles
Commercial Vehicles
Segmentation by application:
Routing Management
Tracking and Monitoring
Fuel Management
Remote Diagnostics
Others
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Table of Contents:
1 Scope of the Report
2 Executive Summary
3 Global IoT Fleet Management by Players
4 IoT Fleet Management by Regions
5 Americas
6 APAC
7 Europe
8 Middle East & Africa
9 Market Drivers, Challenges and Trends
Â…Continued
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Orbis Research
Hector Costello
+1 (214) 884-6817
sales@orbisresearch.com 
Source: EmailWire.com
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