Global IOT Fleet Management Market

May 2020| VMR2227A| Verified Market Research

Report Highlights

IoT Fleet Management Market Size And Forecast

According to Verified Market Research, the Global IoT Fleet Management Market was valued at USD 4.51 Billion in 2018 and is projected to reach USD 19.94 Billion by 2026, growing at a CAGR of 20.4% from 2019 to 2026.

Global IoT Fleet Management Market Outlook

The increasing demand for the integration of electronic devices with the vehicles is the key component driving the growth of the market. Some other factors contributing to fueling the growth of the market are internet connectivity, advancement in technology, and the need for optimum operational efficiency. Moreover, the introduction of government regulation for road safety is imposing a positive outlook on the market. However, the insufficiency in IoT infrastructure and cost associated with the implementation of IoT technology are some factors hampering the growth of the market. 

Global IoT Fleet Management Market Competitive Landscape 

The Global IoT Fleet Management Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Sierra Wireless, Trimble, Inc., Omnitracs, IBM Corporation, Cisco Systems, Inc., Verizon Communications, Inc., AT&T, Inc., TomTom International BV, Intel Corporation, and Telefnica S.A.

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