Worldwide Smart Fleet Management Market Share at 8.6% CAGR Estimated to Reach Over USD 507.9 Billion By 2026: Facts & Factors

New Jersey, United Kingdom, Nov. 30, 2021 (GLOBE NEWSWIRE) -- Facts and Factors have published a new research report titled “Smart Fleet Management Market By Hardware (Tracking, Diagnostic, ADAS, and Optimization), By Transportation (Marine, Automotive, and Rolling Stock), By Connectivity (Short, Long, and Cloud), By Solution (Optimization and Tracking), And By Region: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” in its research database

“According to the latest research study, the demand of global Smart Fleet Management Market size & share expected to reach to USD 507.9 Billion by 2026 from USD 359.7 Billion in 2019, at a compound annual growth rate (CAGR) of 8.6% during the forecast period 2020 to 2026”

What is Smart Fleet Management? Report Overview & Coverage:

This specialized and expertise-oriented industry research report scrutinizes the technical and commercial business outlook of the global smart fleet management industry. The report analyzes and declares the historical and current trends analysis of the global smart fleet management industry and subsequently recommends the projected trends anticipated to be observed in the global smart fleet management market during the upcoming years.

Smart fleet management plays a vital role in regulating the entire transportation system ranging from vehicle production to vehicle re-marketing. The smart fleet management system involves vehicle tracking, safety management, speed management, accident management, vehicle maintenance, fuel management, and driver management, etc. Besides vehicle management, the smart fleet management industry offers driver management and operation management solutions. The global smart fleet management market is likely to drive considerably in the coming years owing to the rising adoption of fleet management analytics. Moreover, the extensive usage of real-time vehicle tracking & fleet monitoring, growing need for automation for efficiency enhancement, and multiple efforts to slash the operational costs are some of the key factors driving the global smart fleet management market.

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Our Free Sample Report Includes:

• 2020 Updated Report Introduction, Overview, and In-depth industry analysis
• COVID-19 Pandemic Outbreak Impact Analysis Included
• 225+ Pages Research Report (Inclusion of Updated Research)
• Provide Chapter-wise guidance on Request
• 2020 Updated Regional Analysis with Graphical Representation of Size, Share & Trends
• Includes Updated List of tables & figures
• Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis
• Facts and Factors research methodology

(Note: The sample of this report is updated with COVID-19 impact analysis before delivery)

Industry Major Market Players

• IBM
•  Robert Bosch GmbH
•  Continental AG
•  Sierra Wireless
•  Denso Corporation
•  Tech Mahindra Limited
•  Cisco Systems Inc.
•  Siemens
•  Samsung Electronics Co. Ltd.

Key questions answered in this report:

• What is the projected market size & growth rate of the Smart Fleet Management Market?
• What are the key driving factors for the growth of the Smart Fleet Management Market?
• What are the top companies operative in Smart Fleet Management Market?
• What segments are covered in Smart Fleet Management Market?
• How can I get free sample reports/company profiles of the Smart Fleet Management Market?

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Market Growth Factors

Favorable regulations imposed by governing bodies and mounting safety concerns are projected to flourish the smart fleet management market during the study timeframe. The global industry is anticipated to perceive a substantial boom throughout 2020–2026 owing to the advancements in technologies such as interconnected vehicles and the internet of things (IoT). However, bulky investments for setting up industry and multiple intricacies associated with it are likely to impede the smart fleet management market in the next few years.

Global Smart Fleet Management Market: Report Scope

Market Segmentation

• By hardware, the “ADAS systems” segment to dominate the global smart fleet management market during the study timeframe

Based on the hardware segment, the global smart fleet management market is categorized into tracking, optimization, ADAS, and remote diagnostics. Among all, the ADAS systems segment to hold the major revenue share of the global smart fleet management industry from 2020 to 2026. The segment dominance is attributed to the increased adaptability of ADAS systems in all passenger cars operating in North America and Europe-like advanced economies.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the global smart fleet management industry. The global smart fleet management market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the global smart fleet management sector. Key strategic developments in the global smart fleet management market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the global smart fleet management market are appropriately highlighted in the report.

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Regional Dominance:

• The Asia Pacific to hold a considerable share of the global smart fleet management market in the coming few years

In 2019, Asia-Pacific captured the major revenue share generated by the global smart fleet management market. The region is expected to attain the leading position throughout the forecast period owing to the growing demand for transportation facilities in rapidly developing countries such as India, Japan, and China.

Browse the full “Smart Fleet Management Market By Hardware (Tracking, Diagnostic, ADAS, and Optimization), By Transportation (Marine, Automotive, and Rolling Stock), By Connectivity (Short, Long, and Cloud), By Solution (Optimization and Tracking), And By Region: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/global-smart-fleet-management-market-by-hardware-tracking-1010

This report segments the global smart fleet management market as follows:

Global Smart Fleet Management Market: Hardware Segmentation Analysis

• Tracking
• Optimization
• ADAS
• Remote Diagnostics

Global Smart Fleet Management Market: Transportation Segmentation Analysis

• Automotive
• Rolling Stock
• Marine

Global Smart Fleet Management Market: Connectivity Segmentation Analysis

• Short Range Communication
• Long-Range Communication
• Cloud

Global Smart Fleet Management Market: Solutions Segmentation Analysis

• Fleet Optimization
• Vehicle Tracking

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