Global IoT Fleet Management Market Insights and Forecast to 2017-2023
Summary –
A new
market study, “Global IoT Fleet Management Market Insights and Forecast to 2017-2023
“has been featured on WiseGuyReports.
According to Stratistics MRC, the Global IoT Fleet Management
Market is accounted for $3.17 billion in 2016 and is expected to reach $13.17
billion by 2023 growing at a CAGR of 22.5% during the forecast period.
Requirement for optimum operational efficiencies and increasing trends towards
smartphone integration with vehicles are factors contributing for the market
growth. However, absence of IoT infrastructure in emerging countries is
restricting the market. Moreover, Truck Platooning, Cloud and Fog Computing
Analytics provide huge growth opportunities for the market.
Fleet Management is a capacity which permits organizations which
depend on transportation in business to expel or limit the dangers related with
vehicle investment, improving efficiency and productivity and diminishing their
general transportation and staff costs, giving 100% consistence government
enactment and some more. The hybrid model has a significant growth in the
market due to benefits such as higher flexibility of data management and
adequate data implementation privilege at lesser prices. It allows data backup
and recovery on cloud infrastructure. The fluctuating trend of
subscription-based solutions is also developing at a modest pace. These require
endless cloud server with easy accessibility. The joint scalability and flexibility
of virtual cloud server will accelerate the growth of the hybrid model market.
Device management is utilized as a part of IoT fleet management
market because of extended usage of customized devices, for example, cell
phones and tablets. It encourage device confirmation, remote access, observing,
and investigating and offers security highlights against hacking and malware
assaults. The OAuth 2.0 and OpenID Connect 1.0 are the approval models that
improve the device confirmation that works with IoT server.
By geography, Americas region has acquired the largest market
share in the IoT fleet management market owing to expanding offers of fleet
vehicles, high appropriation rate of advanced technological products and
administrative advancements by the government. Likewise, a portion of the
Original Equipment Manufacturers (OEM) in this region, for example, Volvo
Trucks and Daimler Trucks North America, LLC began offering telematics
arrangements either freely or in association with fleet arrangement suppliers.
Some of the key players in IoT Fleet Management market include
Cisco Systems, Inc., Trimble, Inc., International Business Machines Corporation
(IBM), Intel Corporation, Omnitracs, AT&T, Inc., Verizon Communications,
Inc., Tomtom International BV, Telefonica, S.A. and Sierra Wireless.
Application Covered:
• Driver Information System
• Fuel Management
• Routing Management
• Vehicle Maintenance
• Drive Time Analysis
• Fleet Analytics
• Remote Diagnostics
• Tracking and monitoring
• Other Applications
Platform Covered:
• Network management
• Device management
• Application Enablement Platform (AEP)
Cloud Deployment Model Covered:
• Public
• Hybrid
• Private
Services Covered:
• Managed
• Professional
Fleet Type Covered:
• Public buses
• Commercial Vehicles (CV)
• Passenger Cars (PC)
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub
segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges,
Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market
estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent
developments
- Supply chain trends mapping the latest technological advancements
FOR MORE DETAILS: https://www.wiseguyreports.com/reports/3536416-optical-wireless-communication-and-lifi-global-markets-to-2023
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