IoT Fleet Management Market

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.

The Internet of Things (IoT) helps in smooth connectivity of all the vehicles in a fleet, which not only helps to gain better insight into the driver's behavior but also assists in monitoring the health of the fleet from any device. Rising demand for fleet safety and data management coupled with the growing need to reduce the total cost of ownership (TCO) and achieve fuel efficiency are anticipated to drive the adoption of IoT technology in fleet management systems.

IoT Fleet Management Market contains market size and forecasts of IoT Fleet Management in Global, including the following market information:

Global IoT Fleet Management Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global top five companies in 2021 (%)

The global IoT Fleet Management market was valued at 8660.1 million in 2021 and is projected to reach US$ 31210 million by 2028, at a CAGR of 20.1% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Passenger Vehicles Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of IoT Fleet Management include Trimble, Omnitracs, Fleetmatics (Verizon), AT&T, IBM, Teletrac Navman, TomTom, Oracle and Intel, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the IoT Fleet Management companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global IoT Fleet Management Market, by Type, 2017-2022, 2023-2028 ($ millions)

Global IoT Fleet Management Market Segment Percentages, by Type, 2021 (%)

Passenger Vehicles

Commercial Vehicles

Global IoT Fleet Management Market, by Application, 2017-2022, 2023-2028 ($ millions)

Global IoT Fleet Management Market Segment Percentages, by Application, 2021 (%)

Routing Management

Tracking and Monitoring

Fuel Management

Remote Diagnostics

Others

Global IoT Fleet Management Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)

Global IoT Fleet Management Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies IoT Fleet Management revenues in global market, 2017-2022 (estimated), ($ millions)

Key companies IoT Fleet Management revenues share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

Trimble

Omnitracs

Fleetmatics (Verizon)

AT&T

IBM

Teletrac Navman

TomTom

Oracle

Intel

Cisco Systems

Sierra Wireless