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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Ankur Gupta, Head Marketing & Communications