Smart Fleet Management Market by End-user and Geography - Forecast and Analysis 2020-2024

  • Published: May 2020
  • Pages: 120
  • SKU: IRTNTR43715

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The smart fleet management market size has the potential to grow by USD 153.63 bn during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by end-user (roadways, railroads, marine, and aviation) and geography (APAC, Europe, North America, MEA, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Avnet Inc., Cisco Systems Inc., Continental AG, DENSO Corp., International Business Machines Corp., Oracle Corp., Robert Bosch GmbH, Siemens AG, Speedcast International Ltd., and TomTom International BV.

Market Overview

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Market Competitive Analysis

The market is fragmented. Avnet Inc., Cisco Systems Inc., Continental AG, DENSO Corp., International Business Machines Corp., Oracle Corp., Robert Bosch GmbH, Siemens AG, Speedcast International Ltd., and TomTom International BV are some of the major market participants. Factors such as benefits such as real-time fleet monitoring will offer immense growth opportunities. To make the most of the opportunities, vendors should focus on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this smart fleet management market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this smart fleet management market analysis report provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of their future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

  • Avnet Inc.
  • Cisco Systems Inc.
  • Continental AG
  • DENSO Corp.
  • International Business Machines Corp.
  • Oracle Corp.
  • Robert Bosch GmbH
  • Siemens AG
  • Speedcast International Ltd.
  • TomTom International BV

 

Smart Fleet Management Market: Segmentation by Geography

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The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. APAC will offer several growth opportunities to market vendors during the forecast period. The rising dependence on software solutions in fleet management and the growing popularity of cold chain transportation will significantly influence the smart fleet management market's growth in this region.

41% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for the smart fleet management market in APAC. This report provides an accurate prediction of the contribution of all segments to the growth of the smart fleet management market size.

Smart Fleet Management Market: Key Highlights of the Report for 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will smart fleet management market growth during the next five years
  • Precise estimation of the smart fleet management market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the smart fleet management industry across APAC, Europe, North America, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of smart fleet management market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The smart fleet management market growth will increase by $153.63 billion during 2019-2024.
The smart fleet management market is expected to grow at a CAGR of 7.37% during 2019-2024.
Technavio has segmented the smart fleet management market by other1 (Roadways, Railroad, Marine, and Aviation) and geographic (APAC, Europe, North America, MEA, and South America).
Avnet Inc., Cisco Systems Inc., Continental AG, DENSO Corp., International Business Machines Corp., Oracle Corp., Robert Bosch GmbH, Siemens AG, Speedcast International Ltd., TomTom International BV are a few of the key vendors in the smart fleet management market.
APAC will register the highest growth rate of 40.61% among the other regions. Therefore, the smart fleet management market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the smart fleet management market growth are:
  • Increasing operational fleet efficiency, fleet security, and optimized fuel management
  • Need for sustainable, clean, and high-speed transport
The smart fleet management market vendors should focus on grabbing business opportunities from the roadways segment as it accounted for the largest market share in the base year.
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