Smart Fleet Management Market 2019 Global Industry Analysis To 2023 Research Report published by “Market Research Future”, Global Market for Smart Fleet Management is to grow at healthy compound annual growth rate by 2023. Report provides comprehensive information on Global Smart Fleet Management Market size, share, industry trends, growth, with regional forecast to 2023. Report analyzes Smart Fleet Management Market Upcoming Opportunities, challenges, Key Country Analysis, with business development strategies, And key players insights.
Key Players Analyzed in report:
MFR listed important players that are functioning in the global market of smart fleet management market. They are, Robert Bosch GmbH., Harman International Industries, Inc., Siemens AG, Denso Corporation, Continental AG, IBM Corporation, Sierra Wireless, Inc., Cisco Systems, Inc., Calamp Corp., OTTO Marine Ltd., Globecomm Systems, Inc, Precious Shipping Co. Ltd., and others.
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Smart Fleet Management Market Insights:
Global Smart Fleet Management Market Analysis by Transportation (Automotive, Rolling Stock, Marine), by Hardware (Tracking, Optimization, ADAS, and Diagnostic), by Solution (Tracking and Optimization), and by Regions – Global Forecast To 2023.
Market Research Future (MRFR), in its latest “Smart Fleet Management Market” report, reveals that the global market of smart fleet management is expected to exhibit healthy growth over the forecast period of 2016 to 2023. The need for better fleet management is rising as the global population grows and an increase in traffic congestion is observed. Hence, the global smart fleet management market is expected to expand at a decent growth rate across the forecast period. Growing Demand for BRT Buses to Induce Smart Fleet Management Market Growth.
Smart fleet management system equips a fleet operator with different information that aids in the effective administration of fleets. This is expected to boost the expansion of the global market of smart fleet management software. The solution aids in tracking fuel consumption and in route management. In addition, smart fleet management solutions also provide a dedicated server for fleet security in a single system. These benefits enable operators to analyze and make cost-effective decisions. Advantages offered by smart fleet management solutions attract customers. This is expected to surge the market. An increase in the production of fuel-efficient vehicles and those integrated with advanced infotainment systems are factors that are escalating the adoption of smart fleet management solutions among automakers. The growing demand for better connectivity and the growing adoption of connected cars are expected to impel the worldwide smart fleet management market. The need for the reduction of transportation and operation cost is expected to boost the adoption of smart fleet management solutions, which can accelerate the growth of the market. On the contrary, an increase in fleet sizes and complexities of the system can retard the global smart fleet management market growth.
Smart Fleet Management Market Segment Insights:
The worldwide market of smart fleet management is studied by transportation, hardware, and solutions. By transportation, the market is segmented into automotive, marine, and rolling stock. The increase in import and export activities via marine mode can boost the growth of the global smart fleet management market, which can earn substantial revenue for the market. However, automobile segment is expected to generate a greater turnover for the market. With the growing demand for BRT buses, the adoption of smart fleet management solutions due to their ability to induce flexibility and cost-effectiveness to related procedures is observed to surge. In addition, the growing need for passenger convenience is noted to increase the use of BRT, which is expected to boost smart fleet management solutions market growth over the assessment period. By solution, the market is sectioned into optimization and tracking. By hardware, the market is classified into tracking, ADAS, diagnostic, and optimization.
Smart Fleet Management Market Regional Insights:
High demand for smart fleet management solutions is expected to generate high revenue due to the increase in the application of the solutions. The APAC region is observed to hold potential opportunities for the smart fleet management market, where investments are likely to make decent income. The intensifying stringency of government norms regarding transportation and the need for improving transportation infrastructure is encouraging the adoption of smart fleet management solutions. This is expected to propel the growth of the APAC market across the review period. Besides, the increase in the need for BRT buses to provide improved public transportation experience to passengers can contribute to the regional market. MRFR identified that the market in North America and Europe is poised to exhibit a rapid expansion in the review period. This is due to the existence of sophisticated technology and wealthy manufacturers in these regions.
Table Of Contents
1.2 Scope Of Study
1.3 Research Objective
1.4 Assumptions & Limitations
1.5 Market Structure:
2 Research Hardwareology
2.1 Research Process
2.2 Primary Research
2.3 Secondary Research
3 Market Dynamics
3.5 Macroeconomic Indicators
4 Market Factor Analysis
4.1 Porter’s Five Forces Model
4.1.1 Bargaining Power Of Suppliers
4.1.2 Bargaining Power Of Customer
4.1.3 Intensity Of Competitor’s
4.1.4 Threat Of New Entrants
5 Smart Fleet Management, By Solution
6 Smart Fleet Management, By Transportation
6.1.2 Rolling Stock
7 Smart Fleet Management, By Hardware
8 Smart Fleet Management, By Region
List Of Tables
TABLE 1 EUROPE SMART FLEET MANAGEMENT, BY REGION 2011-2027, ($ MILLION) 19
TABLE 2 EUROPE SMART FLEET MANAGEMENT FOR AUTOMOTIVE, BY REGION 2011-2027, (MILLION) 19
TABLE 3 EUROPE SMART FLEET MANAGEMENT FOR ROLLING STOCK, BY REGION 2011-2027, (MILLION) 20
TABLE 4 EUROPE SMART FLEET MANAGEMENT FOR MARINE, BY REGION 2011-2027, (MILLION) 20
TABLE 5 EUROPE SMART FLEET MANAGEMENT FOR TRACKING, BY REGION 2011-2027, (MILLION) 20
TABLE 6 EUROPE SMART FLEET MANAGEMENT FOR OPTIMIZATION, BY REGION 2011-2027, (MILLION) 21
TABLE 9 EUROPE SMART FLEET MANAGEMENT, BY TRANSPORTATION 2011-2027, (MILLION) 22
TABLE 10 EUROPE SMART FLEET MANAGEMENT, BY TRANSPORTATION 2011-2027, (MILLION) 22
TABLE 11 MIDDLE EAST SMART FLEET MANAGEMENT, BY TRANSPORTATION 2011-2027, (MILLION) 23
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