IoT Fleet Management Market Trends, Industry Analysis, Growth and Forecast – 2027

IoT Fleet Management market size is projected to reach US$ 26410 million by 2027, from US$ 6955.7 million in 2020, at a CAGR of 21% during 2021-2027.

A fleet management system consists of an integration of hardware, software and communication technologies. It provides a platform for drivers to efficiently control, track and monitor commercial vehicles. Improve overall operational efficiency by reducing non-value-added activities of operators. The fuel card is used for fuel management and the driver safety system monitors driver behavior. Other solutions are used to track the vehicle’s location, assist with driver navigation, and ensure that operators meet regulatory standards set by the respective national governments.

IoT Fleet Management Market is thoroughly, accurate and comprehensively assessed in a report focusing on market dynamics, market competition, regional growth, segment analysis, and key growth strategies. Report buyers will have access to proven market figures including global market size in terms of revenue and volume.

The following players are covered in this report:

• Trimble
• Omnitracs
• Fleetmatics (Verizon)
• AT&T
• IBM
• Teletrac Navman
• TomTom
• Oracle

IoT Fleet Management Breakdown Data by Type

• Passenger Vehicles
• Commercial Vehicles

IoT Fleet Management Breakdown Data by Application

• Routing Management
• Tracking and Monitoring
• Fuel Management
• Remote Diagnostics
• Others

Scope of the Report

The research study analyzes the global IoT Fleet Management industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by IoT Fleet Management Market Report

1. What was the IoT Fleet Management Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).

2. What will be the CAGR of IoT Fleet Management Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the IoT Fleet Management Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.