The Business Research Company’s Smart Fleet Management Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Smart Fleet Management Global Market Report 2023 evaluates smart fleet management market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global smart fleet management market is expected to grow from $385.74 billion in 2022 to $422.89 billion in 2023 at a compound annual growth rate (CAGR) of 9.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The smart fleet management market is expected to grow to $582 billion in 2027 at a CAGR of 8.3%.
The smart fleet management market segments in the report are:
By Solutions:
Vehicle Tracking
Fleet Optimization
By Connectivity:
Short Range Communication
Long Range Communication
Cloud
By Transportation: Automotive
Rolling Stock
Marine
By Application:
Tracking
ADAS
Optimization
Other Applications
By Industry Vertical:
Transportation and Logistics
Automotive Industry
Government
Oil and Gas
Other Verticals
Asia-Pacific was the largest region in the smart fleet management market in 2022.
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The table of contents in TBRC’s smart fleet management market report includes:
1. Executive Summary
2. Smart Fleet Management Market Characteristics
3. Smart Fleet Management Market Trends And Strategies
4. Smart Fleet Management Market - Macro Economic Scenario
5. Smart Fleet Management Market Size And Growth
........
26. Africa Smart Fleet Management Market
27. Smart Fleet Management Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Smart Fleet Management Market
29. Smart Fleet Management Market Future Outlook and Potential Analysis
30. Appendix
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May 27, 2019: The global smart fleet management market size is expected to reach USD 565.1 billion by 2025, according to a study conducted by Grand View Research, Inc.
Introduction of vehicular communication technologies has increased the adoption of smart fleet management solutions, which enable vehicle tracking and monitoring, fleet analytics, fuel management, predictive maintenance, remote diagnostics, and driver performance tracking and monitoring, among others.
This enables fleet operators of all sizes to incorporate smart technologies to increase their operational efficiency, enhance productivity, and enable varied cost savings.
In regions such as North America and Europe, there is ubiquitous presence of strong wireless connectivity infrastructure and this has facilitated widespread investment in telematics solutions among fleet operators.
Additionally, presence of prominent industry players such as Cisco Systems, Inc.; IBM Corporation; Continental AG; Sierra Wireless; Zonar Systems, Inc.; and Orbcomm, Inc. is estimated to foster growth prospects for the smart fleet management market.On the down side, advancements in networking technologies enabling a connected environment will pose significant concerns over data privacy and data security.
Lack of network infrastructure in developing regions, complexity of deployment, and high initial capital requirements are also expected to hinder the growth of the smart fleet management market.Click For Report Details @ https://www.radiantinsights.com/research/smart-fleet-management-market Further key findings from the study suggest:By transportation, the automotive segment will register the fastest growth during the forecast period, exhibiting a CAGR of 8.2%.
