Report analyzes Smart Fleet Management Market Key Companies with Size, Share, Trends analysis, and Key Country Forecast to 2023. Smart Fleet Management Market Information is segmented by Transportation, Hardware, Solution, by Regions.

Smart fleet management market is having an unprecedented growth as its potential to optimize logistics has been realized by various fleet operators. This operating system can track variable factors such as fuel consumption, maintenance, and route management to make real-time decisions and introduce cost-effective decisions or enhance safety. The global smart fleet management market is expecting a robust growth during the forecast period (2016-2023) as more and more fleet operators are integrating the system into their operational facility to maximize profit. The report on the same market published by Market Research Future (MRFR) further involves various market drivers such as fuel efficiency, connectivity, reduction of transportation & operational cost, and government regulations regarding tracking as major market influencers.

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Global Smart Fleet Management Market:

The growth of the Asia Pacific region can be attributed to the increase in adoption of passenger cars. This is expected to the increase adoption of smart fleet management in the passenger cars. The recent shift in the preference from mileage to looks and features, is also expected to result in high demand of smart fleet management systems. The global smart fleet management market is also expected to grow during the forecast period owing to increasing population, rapid industrialization and aggressive expansion of manufacturing sector. The demand for smart fleet management is largely dependent on vehicle production in developing countries such as India and China. The growth in vehicle production, which would also push the demand for smart fleet management.

The key players of global smart fleet management market are Harman International Industries, Inc., Robert Bosch GmbH., Siemens AG, Denso Corporation, IBM Corporation, Continental AG, Cisco Systems, Inc., Sierra Wireless, Inc., Calamp Corp., OTTO Marine Ltd., Precious Shipping Co. Ltd., and Globecomm Systems, Inc. In 2016, these companies accounted for a share of XX% of the global market.

Market Research Analysis:

The market for smart fleet management is expected to grow with an increase in demand for automobile, majorly in the United States. There is an immense demand of commercial vehicles in United States. With the increase in demand of commercial vehicles, there is a subsequent increase in demand for smart fleet management market. The growth of North America market is also driven by the adoption of converted mobile homes in the U.S. Existence of major manufacturers in this region combined with availability of sophisticated technologies, enables the smart fleet management market to flourish in this region. North America is a mature economy as far as investment in automotive industry is concerned. Automotive industry is expecting huge investment by several giants due to the rising demand for passenger cars.

Segmentation:

The global smart fleet management market can be segmented by transportation, hardware, and solution.

By transportation, the global smart fleet management market can be segmented into automotive, rolling stock, and marine.

Based on hardware, the smart fleet management market comprises tracking, optimization, advanced driver-assistance systems (ADAS), and diagnostic.

Based on solution, the smart fleet management market can be segmented into tracking and optimization.

Competitive Insights:

Strategic stances taken by various market titans are important for the holistic growth of the smart fleet management market. These moves include merger, acquisition, collaboration, and other methods and help the companies operate more smoothly.

Miles Core ERP System, in fusion with Miles.next, a new cloud-based micro-services platform, provides driver-centric, value-added mobility and connected car services. The system can also integrate 3rd party apps/ services/platforms and orchestrate financing, leasing, renting and sharing in a seamless fashion.

Gurtam’s flagship fleet management system is Wialon which is a GPS tracking platform with both web-based SaaS version and server one. It backs a range of features that include mapping, geofencing, monitoring of fuel consumption and electronic vehicle systems, sensors data collection and additional tools for monitoring of driving behavior. Furthermore, the system is extremely cost-effective which helps companies integrate it without a second thought.

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