Market Overview:
The global IoT fleet management system market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for fleet management systems across different industries and regions. The market is segmented by type, application, and region. By type, the market is segmented into light commercial vehicle, heavy commercial vehicle, watercraft, railway, aircrafts and others. By application, the market is divided into enterprise and government applications. Geographically speaking North America dominates the global IoT Fleet Management System Market followed by Europe due States of America are early adopters of technology which gives them an edge in this particular industry vertical over other countries in terms of revenue generation potential from sales generated through deployment of these systems within their respective countries. Asia Pacific excluding Japan (APEJ) region is anticipated to witness highest growth rate over the forecast period owing rapid industrialization & urbanization in countries such as China & India along with rising adoption rates for these systems among small & medium sized businesses (SMBs).
Product Definition:
IoT Fleet Management System is a comprehensive solution that enables fleet managers to manage their vehicles and drivers more effectively and efficiently. By using IoT technologies, the system collects data from various vehicle sensors and transmits it to a central management system for analysis. This allows fleet managers to identify issues early, take corrective action, optimize routes, reduce fuel consumption and emissions, improve safety, and achieve cost savings.
Light Commercial Vehicle:
The light commercial vehicle segment is expected to grow at a CAGR of XX% from 2017 to 2025. The growth can be attributed to the increasing demand for goods and services across the globe. Light commercial vehicles are used in transporting passengers and goods within a country or between different cities. They are also used for inter-city transportation of goods, which is further driving their demand globally.
Heavy Commercial Vehicle:
Heavy commercial vehicles are used to transport goods from one place to another. They have a large carrying capacity and can carry several goods at the same time. The most common types of heavy commercial vehicles include trucks, buses, and container carriers. Trucks are used for transportation of freight within the country or across different countries whereas container carriers are used for inter-country transportation of goods.
Application Insights:
The enterprise application segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% from 2018 to 2030. The growth can be attributed to the increasing adoption of these systems in enterprises as they offer various benefits, such as asset tracking, driver behavior monitoring, and location analytics among others. Furthermore, growing concerns regarding vehicle safety and security are driving the demand for IoT fleet management system within enterprises.
The government application segment is expected register a notable CAGR over the forecast period owing to extensive usage of these systems in governments across different levels (localities/cities, states) for carrying out administrative tasks related to public transportation services such as bus & train schedules; arrival & departure times; fares; service alerts; maintenance issues etcetera.
Regional Analysis:
The North American region dominated the market in terms of revenue share in 2017. The growth can be attributed to the increasing adoption of fleet management systems by enterprises for tracking vehicles, maintenance, and fuel consumption among others. Moreover, government initiatives such as “IoT-enabled smart cities†are also expected to drive regional demand over the forecast period.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to increased spending on connected cars and other IoT-based applications across various industry verticals including transportation & logistics (T&L), oil & gas, healthcare amongst others. Increasing investments from players such as Baidu Inc., China Telecom Corporation Limited (CTC), China Unicom Global Ltd., NTT Docomo India Pvt. Ltd., SK Telecom Co., Ltd.
Growth Factors:
- Increasing demand for fleet management system from transportation and logistics sector
- Growing popularity of IoT-based fleet management system among small and medium businesses
- Proliferation of connected devices and sensors across the transportation ecosystem
- Rising concerns over safety, security, and efficiency of fleet operations
- Emergence of new business models and applications for fleet management
Scope Of The Report
Report Attributes
Report Details
Report Title
IoT Fleet Management System Market Research Report
By Type
Light Commercial Vehicle, Heavy Commercial Vehicle, Watercraft, Railway, Aircraft, Others
By Application
Enterprise, Government
By Companies
Trimble, Omnitracs, Fleetmatics (Verizon), AT&T, IBM, Teletrac Navman, TomTom, Oracle, Intel, Cisco Systems, Sierra Wireless
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
177
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global IoT Fleet Management System Market Report Segments:
The global IoT Fleet Management System market is segmented on the basis of:
Types
Light Commercial Vehicle, Heavy Commercial Vehicle, Watercraft, Railway, Aircraft, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Enterprise, Government
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Trimble
- Omnitracs
- Fleetmatics (Verizon)
- AT&T
- IBM
- Teletrac Navman
- TomTom
- Oracle
- Intel
- Cisco Systems
- Sierra Wireless
Highlights of The IoT Fleet Management System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Light Commercial Vehicle
- Heavy Commercial Vehicle
- Watercraft
- Railway
- Aircraft
- Others
- By Application:
- Enterprise
- Government
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the IoT Fleet Management System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
IoT Fleet Management System (IFMS) is a software application that helps organizations manage their fleets of vehicles, including trucks, buses, and other transportation assets. IFMS can automate many aspects of fleet management, such as tracking vehicle location and activity data, managing driver records and logs, and issuing tickets or warnings to drivers for violations.
Some of the major companies in the iot fleet management system market are Trimble, Omnitracs, Fleetmatics (Verizon), AT&T, IBM, Teletrac Navman, TomTom, Oracle, Intel, Cisco Systems, Sierra Wireless.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 IoT Fleet Management System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 IoT Fleet Management System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 IoT Fleet Management System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the IoT Fleet Management System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global IoT Fleet Management System Market Size & Forecast, 2018-2028
4.5.1 IoT Fleet Management System Market Size and Y-o-Y Growth
4.5.2 IoT Fleet Management System Market Absolute $ Opportunity
Chapter 5 Global IoT Fleet Management System Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 IoT Fleet Management System Market Size Forecast by Type
5.2.1 Light Commercial Vehicle
5.2.2 Heavy Commercial Vehicle
5.2.3 Watercraft
5.2.4 Railway
5.2.5 Aircraft
5.2.6 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global IoT Fleet Management System Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 IoT Fleet Management System Market Size Forecast by Applications
6.2.1 Enterprise
6.2.2 Government
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global IoT Fleet Management System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 IoT Fleet Management System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America IoT Fleet Management System Analysis and Forecast
9.1 Introduction
9.2 North America IoT Fleet Management System Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America IoT Fleet Management System Market Size Forecast by Type
9.6.1 Light Commercial Vehicle
9.6.2 Heavy Commercial Vehicle
9.6.3 Watercraft
9.6.4 Railway
9.6.5 Aircraft
9.6.6 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America IoT Fleet Management System Market Size Forecast by Applications
9.10.1 Enterprise
9.10.2 Government
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe IoT Fleet Management System Analysis and Forecast
10.1 Introduction
10.2 Europe IoT Fleet Management System Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe IoT Fleet Management System Market Size Forecast by Type
10.6.1 Light Commercial Vehicle
10.6.2 Heavy Commercial Vehicle
10.6.3 Watercraft
10.6.4 Railway
10.6.5 Aircraft
10.6.6 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe IoT Fleet Management System Market Size Forecast by Applications
10.10.1 Enterprise
10.10.2 Government
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific IoT Fleet Management System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific IoT Fleet Management System Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific IoT Fleet Management System Market Size Forecast by Type
11.6.1 Light Commercial Vehicle
11.6.2 Heavy Commercial Vehicle
11.6.3 Watercraft
11.6.4 Railway
11.6.5 Aircraft
11.6.6 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific IoT Fleet Management System Market Size Forecast by Applications
11.10.1 Enterprise
11.10.2 Government
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America IoT Fleet Management System Analysis and Forecast
12.1 Introduction
12.2 Latin America IoT Fleet Management System Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America IoT Fleet Management System Market Size Forecast by Type
12.6.1 Light Commercial Vehicle
12.6.2 Heavy Commercial Vehicle
12.6.3 Watercraft
12.6.4 Railway
12.6.5 Aircraft
12.6.6 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America IoT Fleet Management System Market Size Forecast by Applications
12.10.1 Enterprise
12.10.2 Government
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) IoT Fleet Management System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) IoT Fleet Management System Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) IoT Fleet Management System Market Size Forecast by Type
13.6.1 Light Commercial Vehicle
13.6.2 Heavy Commercial Vehicle
13.6.3 Watercraft
13.6.4 Railway
13.6.5 Aircraft
13.6.6 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) IoT Fleet Management System Market Size Forecast by Applications
13.10.1 Enterprise
13.10.2 Government
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 IoT Fleet Management System Market: Competitive Dashboard
14.2 Global IoT Fleet Management System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Trimble
14.3.2 Omnitracs
14.3.3 Fleetmatics (Verizon)
14.3.4 AT&T
14.3.5 IBM
14.3.6 Teletrac Navman
14.3.7 TomTom
14.3.8 Oracle
14.3.9 Intel
14.3.10 Cisco Systems
14.3.11 Sierra Wireless
