The market demand for IoT fleet management will reach a value of $16

The IoT Fleet Management report offers an in-depth analysis of key segments, changing market trends, value chains, key investment areas, competitive scenarios, and the regional landscape. Technological advancements across the transportation and logistics sector and the increasing use of cloud-based technology for smart fleet management solutions have boosted the growth of the global IoT Fleet Management market.

𝐑𝐞𝐪𝐮𝐤𝐭𝐞 𝐏𝐚𝐠𝐞𝐬 𝐍𝐨𝐰𝐢𝐜𝐡: https://www.alliedmarketresearch.com/request-sample/A12284

The global IoT fleet management market was valued at $6.4 billion in 2021 and is expected to reach $16 billion by 2031, growing at a compound annual growth rate of 9.8% from 2022 to 2031.

The report offers detailed segmentation of the global IoT Fleet Management market based on application, service, platform, type, and region. The report offers analysis of each segment and sub-segment using tables and figures. This analysis helps investors, market players, and new entrants in determining the sub-segments to be tapped to achieve growth in the coming years.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

At the regional level, the Asia Pacific market accounted for the highest share in 2021, contributing more than one-third to the global IoT fleet management market. This market is forecast to maintain its leadership position until 2031. Moreover, the region is expected to witness the highest compound annual growth rate (CAGR) of 10.6% during the forecast period.

𝐁𝐮𝐤𝐭𝐞 𝐏𝐫𝐞𝐧𝐝 𝐄𝐱𝐜𝐥𝐮𝐤𝐭𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.alliedmarketresearch.com/checkout-final/aa2cafc735063e5f2285038c6402c2ac

There are major key factors driving the growth of the IoT fleet management market such as technological advancements in the transportation and logistics sector and increasing use of cloud-based technology for smart fleet management solutions. IoT fleet management offers effective fleet tracking, real-time monitoring, dedicated remote servers for fleet data, and security features in a single system. Fleet operators track vehicles by route optimization or selecting the best routes in real-time, which further reduces transportation costs and idle time by increasing operational efficiency. The purpose of IoT fleet management is to provide effective real-time monitoring, fleet tracking, and security. Moreover, data generated by IoT and sensors helps in analysis and cost-effective decision making as per the requirement. For example, a manager of a vehicle fleet can get data on fuel efficiency based on the route taken. Due to all the above factors, the IoT fleet management market is expected to grow significantly during the forecast period.

𝐓𝐡𝐞 𝐤𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫 𝐭𝐡𝐢𝐬 𝐚𝐧𝐠𝐡𝐞𝐝 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐢𝐧𝐜𝐥𝐮𝐤𝐫𝐞𝐧𝐝

𝐀𝐓𝐇𝐄 𝐈𝐧𝐜𝐞., 𝐓𝐨𝐦𝐭𝐨𝐦 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐁𝐕, 𝐈𝐧𝐭𝐞𝐥 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐢𝐨𝐧, 𝐂𝐢𝐬𝐜𝐡𝐞𝐧 𝐒𝐲𝐬𝐭𝐞𝐦𝐬 𝐈𝐧𝐜𝐡𝐞𝐫 𝐎𝐕𝐄𝐑𝐓 𝐕𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐁𝐮𝐬𝐢𝐧𝐞𝐬 𝐌𝐚𝐜𝐡𝐢𝐧𝐞𝐬 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐢𝐨𝐧 (𝐈𝐁𝐌𝐌), 𝐍𝐎𝐑𝐓𝐇𝐑𝐔𝐏 𝐆𝐑𝐔𝐍𝐌𝐀𝐍, 𝐇𝐨𝐧𝐞𝐲𝐰𝐞𝐥 𝐈𝐧𝐜𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐜𝐞., 𝐓𝐞𝐥𝐞𝐟𝐨𝐧𝐢𝐜𝐚 𝐒𝐀𝐁𝐞𝐫, 𝐕𝐧𝐨𝐦𝐢𝐜𝐬, 𝐒𝐢𝐞𝐫𝐚 𝐖𝐢𝐫𝐞𝐥𝐞𝐬, 𝐓𝐫𝐢𝐦𝐛𝐞𝐥𝐞 𝐈𝐧𝐜𝐡, 𝐕𝐞𝐫𝐢𝐳𝐨𝐧 𝐂𝐨𝐦𝐮𝐧𝐝𝐞𝐧𝐝 𝐈𝐧𝐜𝐡𝐞, 𝐖𝐞𝐛𝐞𝐟𝐥𝐞𝐞𝐭 𝐒𝐨𝐥𝐮𝐤𝐢𝐨𝐧

The IoT Fleet Management market is segmented by application, service, platform, type, and region. Based on application industry, it is segmented into route management, tracking & monitoring, fuel management, remote diagnostics, and others. Based on service, it is segmented into professional and managed. Based on platform, it is segmented into application enablement platform, network management, and device management. By type, it is segmented into public, private, and hybrid. By region, the market is analyzed into North America, Europe, Asia Pacific, and LAMEA.

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐰𝐢𝐭𝐡 𝐲𝐨𝐮’𝐫𝐞 𝐑𝐞𝐪𝐮𝐤𝐫𝐞𝐧𝐭𝐬: https://www.alliedmarketresearch.com/request-for-customization/A12284

The report analyzes these key players in the global IoT Fleet Management market. These players have adopted various strategies such as new product launch, expansion, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, business segments, product portfolio, and developments of each market player.

By type, the private segment accounted for the largest share in 2021, contributing more than two-fifths of the market. Moreover, the segment is forecast to witness the highest compound annual growth rate of 10.7% from 2022 to 2031.

𝐊𝐄𝐘 𝐅𝐈𝐍𝐃𝐈𝐍𝐆𝐒 𝐎𝐅 𝐓𝐇𝐄 𝐒𝐓𝐔𝐃𝐘

In terms of end-use industries, the retail and e-commerce segment is expected to witness significant growth during the forecast period.

By customer type, the B2B segment is expected to lead the global IoT fleet management market

By services, the intermodal segment is expected to lead the global IoT fleet management market

By transport type, the road segment is expected to lead the global IoT fleet management market

Regionally, the Asia-Pacific region is expected to record the highest average annual growth rate during the forecast period.

𝐂𝐡𝐞𝐜𝐤 𝐨𝐮𝐤𝐭 𝐦𝐨𝐫 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐬𝐭𝐮𝐝𝐢𝐞𝐬 𝐩𝐮𝐛𝐞𝐧𝐝 𝐛𝐞𝐢𝐬 𝐞𝐡𝐞𝐝 𝐛𝐞𝐢𝐬 𝐀𝐌𝐑 𝐑𝐞𝐬𝐞𝐧𝐤𝐫:

Freight transport market – https://www.globenewswire.com/en/news-release/2022/11/16/2557532/0/en/Freight-Trucking-Market-Size-To-Reach-4,457.4-Billion-By-2031-Allied-Market-Research.html

Freight forwarding market – https://www.prnewswire.com/news-releases/freight-forwarding-market-to-reach-285-15-billion-globally-by-2031-at-4-1-cagr-allied-market-research-301596949.html

Refrigerated container market – https://www.prnewswire.com/news-releases/reefer-container-market-to-reach-19-7-billion-globally-by-2032-at-7-5-cagr-allied-market-research-301996719.html

Dropshipping market – https://www.prnewswire.com/news-releases/dropshipping-market-to-reach-1-670-1-billion-globally-by-2031-at-27-1-cagr-allied-market-research-301670255.html

𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

United States
1209 Orange Street,
Group Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
International: +1-503-894-6022
Toll free: +1-800-792-5285
Fax: +1-800-792-5285
[email protected]

𝐀𝐛𝐨𝐮𝐤𝐭 𝐔𝐬

Allied Market Research (AMR) is a full-service market research and business consulting arm of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides unmatched quality “Market Research Reports” and “Business Intelligence Solutions” to global corporations, medium and small businesses. AMR has a targeted approach to provide its clients with business insights and consulting to help them make strategic business decisions and achieve sustainable growth in their respective market space.

Pawan Kumar, CEO, Allied Market Research, leads the company to provide high-quality data and insights. We have professional business relationships with various companies and this helps us in sourcing market data that helps us in preparing accurate research data tables and confirms the utmost accuracy in our market forecasts. All the data presented in the reports published by us is acquired through primary interviews with top officials of leading companies in the concerned industry. Our methodology for sourcing secondary data includes extensive online and offline research and discussions with knowledgeable professionals and analysts of the industry.

This press release was published on openPR.