IoT Fleet Management Market Worth 8.28 Billion USD by 2021
Friday, April 21, 2017
PUNE, India, April 21, 2017 /PRNewswire/ --
The report "IoT Fleet Management Market
by Platform (Device Management, Application Enablement Platform, and Network
Management), Services (Professional, Managed), Cloud Deployment (Public, Private, Hybrid),
Solutions, Fleet Type, and Region - Global Forecast to 2021", published by
MarketsandMarkets(TM), the market is estimated to grow from USD 3.16 Billion in 2016 to
USD 8.28 Billion by 2021, at a CAGR of 21.26% during the forecast period.
Browse 78 market data Tables and 58 Figures spread through 158 Pages and in-depth TOC
on "IoT Fleet Management Market"
Early buyers will receive 10% customization on this report.
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 holds the largest share in IoT Fleet Management market"
Routing management accounted for the largest share of the IoT Fleet Management Market,
by solutions. The growth of this segment can be attributed to rising global road freight
traffic and constant R&D activities to develop innovative products. According to the Road
Freight Transport Statistics of European Commission (EC), the road freight transport of
European countries increased by 2.2% in 2015, as compared to 2014, and was the highest in
the last five years. 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.
Download PDF Brochure: http://www.marketsandmarkets.com/pdfdownload.asp?id=246122062
"Managed Services estimated to grow at the highest CAGR during the forecast period"
The managed services segment is expected to dominate the IoT Fleet Management Market,
by services, from 2016 to 2021. Managed services not only offer flexibility but also allow
multiple function handling efficiently and, hence, reduce the overall operational cost.
These also help to provide the desired operation as per the client's specific needs,
resulting in enhanced customer satisfaction. Further, these services allow work allocation
as per the expertise and centralization of various applications with the data center. The
increasing role of IoT in fleet management along with the integration of IoT is resulting
in the increased usage of these services. The difficulty for companies to focus on other
support functions other than their core business processes has also increased the
significance of managed services.
Make an Inquiry:
"The Americas region was expected to lead the IoT Fleet Management Market in 2016"
The Americas region is expected to hold the largest share in the IoT Fleet Management
Market. The growth of the IoT Fleet Management Market in this region can be attributed to
increasing sales of fleet vehicles, high adoption rate of advanced technological products,
and regulatory developments by the government. For instance, according to the U.S. Bureau
of Transportation Statistics, the number of fleet vehicles includes vans, SUVs, and trucks
had increased from 11,550 thousand units in 2010 to 12,276 thousand units in 2015. The
increasing number of fleet vehicles propels the demand for IoT fleet management solutions.
Also, some of the Original Equipment Manufacturers (OEM) in this region such as Volvo
Trucks and Daimler Trucks North America, LLC started offering telematics solutions either
independently or in partnership with fleet solution providers. Further, in 2015, Daimler
Trucks had successfully completed the testing of truck platooning concept. Also, the U.S.
government regulations of Electronic Logging Devices (ELD) mandate makes fleet management
solutions a necessary tool for commercial trucks.
Some of major players in the IoT Fleet Management Market include AT&T, Inc. (U.S.),
Cisco Systems, Inc. (U.S.), Verizon Communications, Inc. (U.S.), TomTom International BV
(Netherlands), Trimble, Inc. (U.S.), IBM Corporation (U.S.), Omnitracs (U.S.), Sierra
Wireless (Canada), Intel Corporation (U.S.), and Telefonica S.A. (Spain).
Browse related reports:
Smart Transportation Market for Roadway & Railway by Technology (AVLS, TIS, EPS, &
Intelligent Vehicle Initiatives), Components (CCTV Camera, GPS, Display, and Automated
Stop Announcement & Wi-Fi), Application, and Region - Global forecast to 2021
Vehicle Diagnostics Market by Vehicle Type, Application (Automatic Crash Notification,
Vehicle Tracking, Vehicle Health Alert & Roadside Assistance), Connectivity (3G, 4G LTE,
Wi-Fi, Bluetooth), Region, & Aftermarket (Vehicle Type & Region) - Forecast to 2021
MarketsandMarkets(TM) provides quantified B2B research on 30,000 high growth niche
opportunities/threats which will impact 70% to 80% of worldwide companies' revenues.
Currently servicing 5000 customers worldwide including 80% of global Fortune 1000
companies as clients. Almost 75,000 top officers across eight industries worldwide
approach MarketsandMarkets(TM) for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets(TM) are tracking global high
growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive
collaboration with the clients to identify new opportunities, identify most important
customers, write "Attack, avoid and defend" strategies, identify sources of incremental
revenues for both the company and its competitors. MarketsandMarkets(TM) now coming up
with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies,
innovators, strategic players) annually in high growth emerging segments.
MarketsandMarkets(TM) is determined to benefit more than 10,000 companies this year for
their revenue planning and help them take their innovations/disruptions early to the
market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform,
"RT" connects over 200,000 markets and entire value chains for deeper understanding of the
unmet insights along with market sizing and forecasts of niche markets.
701 Pike Street,
Suite 2175, Seattle,
WA 98101, United States
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
||FlowForma and Appetite for Business Invite you to an Exclusive Compliance Seminar in London on May 30 | May 24, 2017
||Milestone Partnership -- 21Vianet, Microsoft, and Tencent | May 24, 2017
||Parks Associates Research Shows Strong Consumer Interest for Smart Home-Connected Entertainment Integration | May 24, 2017
||First-time blood donors needed to curb new donor decline during challenging summer months | May 24, 2017
||New Thales CipherTrust Monitor 2.0 delivers convenience and operational savings for monitoring Hardware Security Modules | May 24, 2017
||Onshape Launches New Learning Center For Full-Cloud CAD | May 24, 2017
||Kalray Announces the Release of its Third-Generation MPPA® Processor "Coolidge" | May 24, 2017
||Texas A&M University System Saves $7 Million in One Year With Vectra Networks Automated Threat Hunting and Cyber Attacker Detection | May 23, 2017
||Social Media Fuels Momentum for Girl-Centric Technology Series and Game | May 23, 2017
||Ivanti Enables Instant Availability and High Performance Access to Office 365 in Citrix Environments | May 23, 2017