Global IoT Fleet Management Market 2023 by Company, Regions, Type and Application, Forecast to 2029

A fleet management system is formed by the integration of hardware, software, and communication technologies. It provides a platform to fleet operators to efficiently control, track, and monitor commercial vehicles. They improve the overall operational efficiency by reducing the non-value-added activities of the operators. Fuel cards are used for fuel management while driver safety systems monitor driver behavior. Other solutions are employed for locational tracking of vehicles, driver navigation assistance, and ensuring that the operators meet the regulatory standards set by their respective national governments.
The Internet of Things (IoT) helps in smooth connectivity of all the vehicles in a fleet, which not only helps to gain better insight into the driver's behavior but also assists in monitoring the health of the fleet from any device. Rising demand for fleet safety and data management coupled with the growing need to reduce the total cost of ownership (TCO) and achieve fuel efficiency are anticipated to drive the adoption of IoT technology in fleet management systems.
According to our (Global Info Research) latest study, the global IoT Fleet Management market size was valued at USD 8660.1 million in 2022 and is forecast to a readjusted size of USD 31210 million by 2029 with a CAGR of 20.1% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global IoT Fleet Management main players are Trimble, Omnitracs, Fleetmatics (Verizon), AT&T, etc. Top four companies hold a share above 45%. North America is the largest market, with a share about 35%.
This report is a detailed and comprehensive analysis for global IoT Fleet Management market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.
Key Features:
Global IoT Fleet Management market size and forecasts, in consumption value ($ Million), 2018-2029
Global IoT Fleet Management market size and forecasts by region and country, in consumption value ($ Million), 2018-2029
Global IoT Fleet Management market size and forecasts, by Type and by Application, in consumption value ($ Million), 2018-2029
Global IoT Fleet Management market shares of main players, in revenue ($ Million), 2018-2023
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for IoT Fleet Management
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global IoT Fleet Management market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Trimble, Omnitracs, Fleetmatics (Verizon), AT&T and IBM, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.
Market segmentation
IoT Fleet Management market is split by Type and by Application. For the period 2018-2029, the growth among segments provide accurate calculations and forecasts for consumption value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
    Passenger Vehicles
    Commercial Vehicles
Market segment by Application
    Routing Management
    Tracking and Monitoring
    Fuel Management
    Remote Diagnostics
    Others
Market segment by players, this report covers
    Trimble
    Omnitracs
    Fleetmatics (Verizon)
    AT&T
    IBM
    Teletrac Navman
    TomTom
    Oracle
    Intel
    Cisco Systems
    Sierra Wireless
Market segment by regions, regional analysis covers
    North America (United States, Canada, and Mexico)
    Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)
    Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia and Rest of Asia-Pacific)
    South America (Brazil, Argentina and Rest of South America)
    Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)
The content of the study subjects, includes a total of 13 chapters:
Chapter 1, to describe IoT Fleet Management product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top players of IoT Fleet Management, with revenue, gross margin and global market share of IoT Fleet Management from 2018 to 2023.
Chapter 3, the IoT Fleet Management competitive situation, revenue and global market share of top players are analyzed emphatically by landscape contrast.
Chapter 4 and 5, to segment the market size by Type and application, with consumption value and growth rate by Type, application, from 2018 to 2029.
Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2018 to 2023.and IoT Fleet Management market forecast, by regions, type and application, with consumption value, from 2024 to 2029.
Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War
Chapter 12, the key raw materials and key suppliers, and industry chain of IoT Fleet Management.
Chapter 13, to describe IoT Fleet Management research findings and conclusion.