Smart Fleet Management Market Size, Growth and Forecast Analysis Report To, 2026

Meghann Showers

The MarketWatch News Department was not involved in the creation of this content. Sep 24, 2020 (Market Insight Reports) — Selbyville, Delaware: A new business intelligence report added with the title “Smart Fleet Management Market Research Report” is made covering in-depth analysis by manufacturers and key business segments. The Over-the-top […]

The MarketWatch News Department was not involved in the creation of this content.

Sep 24, 2020 (Market Insight Reports) —
Selbyville, Delaware: A new business intelligence report added with the title “Smart Fleet Management Market Research Report” is made covering in-depth analysis by manufacturers and key business segments. The Over-the-top Market research report offers energetic visions to conclude and study the market size, share, market hopes, industry trends, forecast, and competitive surroundings.

According to a new research the worldwide Smart Fleet market is anticipated to reach around USD 629.5 billion by 2026. In 2017, the automotive segment dominated the global market, in terms of revenue. In 2017, North America accounted for the majority share in the global Smart Fleet market.

Request a sample of this premium report at: https://www.marketstudyreport.com/request-a-sample/1695059/?utm_source=marketwatch.com&utm_medium=TS

North America is expected to lead the global Smart Fleet market during the forecast period. Significant investment by organizations to improve the fleet operations coupled with favorable regulations regarding transportation safety drive the growth of smart fleet in this region. Technological advancement and introduction of advanced smart fleet systems by the market players has increased the acceptance of smart fleet systems in the region. Asia-Pacific Smart Fleet Market is expected to grow at the highest CAGR during the forecast period. This is due to economic growth in countries such as China and India, and increasing investments in increasing fleet efficiency. Expansion of global players into these countries to tap market potential boosts the market growth.

The increasing need to track and monitor fleets to increase operational efficiency, and reduce costs drives the Smart Fleet Market growth. Organizations are increasingly adopting smart fleet systems to increase efficiency, and manage high volume of fleets. The growing need for high speed networks further accelerates the adoption of smart fleet systems. Other factors driving the market growth include growing need to reduce operational costs, increase profitability, and avoid road congestions and accidents. New emerging markets, increasing need to monitor driver behavior, and growing safety concerns are factors expected to influence the market in the coming years.

The various mode of transportation covered in the report include automotive, rolling stock, and marine. Use of smart fleet solutions in automotive sector offers remote monitoring, fuel management, remote diagnostics, and route optimization among other functionalities. Increasing safety concerns, and government regulations regarding vehicular emissions support the growth of this segment.

Leading players in the market
The well-known companies profiled in the report include Cisco Systems, Inc., Robert Bosch GmbH, Denso Corporation, Sierra Wireless, Inc., Orbcomm, Inc., Siemens AG, Zonar Systems, Inc., IBM Corporation, Continental AG, OTTO Marine Limited, Harman International Industries, Inc., Globecomm Systems, Inc., and Globecomm Systems, Inc. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

More Details on this Report At: https://www.marketstudyreport.com/reports/smart-fleet-management-market-by-mode-of-transport-automotive-rolling-stock-marine-by-application-tracking-diagnostics-optimization-others-by-communication-short-range-communication-long-range-communication-cloud-by-region-market-size-forecast-2017-2026?utm_source=marketwatch.com&utm_medium=TS

About Us:

Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.

Contact Us:

Market Study Report LLC

4 North Main Street,

Selbyville, Delaware 19975

USA

Phone: 1-302-273-0910

US Toll Free: 1-866-764-2150

Email: sales@marketstudyreport.com

Website: https://www.marketstudyreport.com

News: https://www.cuereport.com/

This Press Release has been written with the intention of providing accurate market information which will enable our readers to make informed strategic investment decisions. If you notice any problem with this content, please feel free to reach us on editorial@themarketpublicist.com

COMTEX_371824705/2599/2020-09-24T18:02:05

Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.

The MarketWatch News Department was not involved in the creation of this content.

Source Article

Next Post

Blue Cross Blue Shield of Massachusetts Honored with Two Stevie International Business Awards for Health News Service

BOSTON, Sept. 16, 2020 /PRNewswire/ — Blue Cross Blue Shield of Massachusetts, Inc. (“Blue Cross”) has received two Stevie International Business Awards for the company’s health news service, Coverage, in recognition of the valuable information it has provided as a public service during the COVID-19 pandemic. “Traditional media outlets are shrinking, but […]