The smart fleet management is an abundantly
integrated system employed to streamline the creation of the operational
maintenance plans. It assimilates technical of operational equipment,
commercial and restrictions whereas, it delivers a fully incorporated suite of
explanations, which involves the flight and business operations, reservation
and distribution, fleet management and maintenance, financial reporting and
human resources. Not only has this, the usage of smart fleet management
improves safety measures, decreases the costs and ensures compliances. The
major purpose of the smart fleet management is to deliver effective real-time
monitoring, fleet tracking, and protection. Furthermore, the key players of
this market are doing effective developments in the technology of which further
decrease the transportation cost and increase the demand. This also become
effective for leading the fastest market growth and increasing the amount of
market share across the globe more positively.
According to the report analysis, ‘Global
Smart Fleet Management Market Size Study, by Transportation (Rolling Stock, Marine,
Automotive), by Hardware (Remote Diagnostics, ADAS, Tracking, Optimization), by
Connectivity (Long Range, Cloud, Short Range), and Regional Forecasts,
2017-2025 (USD Billion/Million)’ states that there are several key players
which are recently functioning in this sector more actively for leading the
fastest market growth and registering the highest market growth across the
globe in the coming years while spreading awareness related to the smart fleet
management in the automotive industries which further increase the demand and
developments in the technologies for meeting the need of high-speed networks
includes Continental AG, Siemens AG, IBM Corporation, Tech Mahindra, Sierra
Wireless, Zonar System Inc., Robert Bosch GmbH, Orbocomm. Inc., and several
others. Moreover, many of the players in this market are investing the high
amount of money for increasing the safety concern and rising the requirement
which further lead the market growth more positively around the globe
throughout the forecasted period.
Global Smart Fleet Management Market industry
valued around USD 291 billion in 2016 is anticipated to increase with a healthy
growth rate of more than 7.6% over the forecast period of 2017-2025. Moreover,
the global market of smart fleet management is segmented into different sector
which majorly involves transportation, hardware, connectivity and regions. On
the basis of hardware, the market is further sectored into ADAS, Optimization,
Tracking and Remote Diagnostics while, based on the transportation, the market
is split into automotive, rolling stock and marine. Nevertheless, based on the
region, the market of smart fleet management is spread around the globe which
majorly involves North America, Europe, Asia Pacific, Latin America and Rest of
the World. It is anticipated that the North America is dominating the market
while adopting the effective technologies. In addition, the Asia Pacific is
expected to leading the smart fleet management market in the coming years owing
to increasing transport services in countries such as India, China, and Japan.
Additionally, the major aspects driving the
growth are increasing the requirement for Vehicle tracking and monitoring, Fuel
management, Fleet analytics, Remote Diagnostics, and driver performance
tracking and monitoring. Therefore, in the near future, it is anticipated that
the market of smart fleet management will increase around the globe more
significantly over the coming years.
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