Report Description:
IoT refers to Internet of Things. IoT Fleet Management enables fleet operators to automate processes and planning. Business owners, especially supply and logistics, depend heavily on large fleets for inventory management, driver management, and product deliveries. The most important and obvious benefit of IoT Fleet Management is reduced costs and fuel efficiency. Fuel consumption and vehicle efficiency is affected by several factors. Unnecessary idling, sudden acceleration and deceleration, and sudden brakes, can hamper vehicle performance thus causing increased consumption of fuel. This leads to increased costs.
IoT powered sensors can enable fleet managers to get information about a driver’s driving patterns. Analyzing this can help them understand where they can reduce costs. IoT Fleet Management can also aid in preventive maintenance and enhanced engine performance. IoT enabled sensors can send warning alerts for low battery, engine maintenance, oil change, low coolant temperature, and other critical engine parameters. These alerts will reduce emergency servicing since preventive steps can be taken beforehand to increase the life of the vehicle.
Another benefit of these steps is that it helps reduce the vehicle’s carbon footprint. IoT Fleet Management also enables tracking and monitoring of a vehicle so that delivery times on consignments can be made more accurate. Companies can run more efficient and optimized operations and comply with environment regulations too. Drivers can be better tracked and monitors to run safe and secure logistics. IoT Fleet Management also enables better business operations since companies can improve their processes by analyzing the data collected.
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Segmentation:
The IoT Fleet Management market is segmented first on the basis of type – passenger vehicles and commercial vehicles. On the basis of application, the IoT Fleet Management market is segmented into routing management, tracking and monitoring, fuel management, remote diagnostics, and others. Efficient routing and fuel management will help save maintenance costs and reduce fuel consumption. Tracking and monitoring can be carried out by IoT devices such as weight sensors, scanners, photo sensors, etc. The third segment is on the basis of sales distribution channel – direct (managed by manufacturer) and indirect (managed by intermediaries). The final segment is based upon the region or country of its market – North America, South America, Europe, Asia-Pacific, and Middle East and Africa.
Regional Analysis:
The IoT Fleet Management market in North America covers United States, Canada, and Mexico. In South America it covers Brazil, Argentina, Colombia, and Chile. Europe covers Germany, UK, France, Italy, Russia, and Spain. Asia-Pacific covers China, Japan, Korea, India, Australia, and Southeast Asia while the Middle East and Africa covers South Africa, Egypt, Nigeria, and Saudi Arabia. The market is still growing globally. However, it is expected to be worth $8.28 billion by 2021. The US IoT Fleet Management holds the largest market share.
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Industry News:
Currently, the key players in the IoT Fleet Management industry are Trimble, Omnitracs, Fleetmatics (Verizon), AT&T, IBM, Teletrac Navman, TomTom, Oracle, Intel, Cisco Systems, Sierra Wireless. SilentSensors, a UK based startup recently manufactured sensors to measure and monitor a vehicle’s performance. The sensor is installed in the vehicle’s tire. It measures multiple parameters and transmits the data to a cloud platform.
There are 4 key segments covered in this report: competitor segment, product type segment, end use/application segment and geography segment.
For competitor segment, the report includes global key players of IoT Fleet Management as well as some small players. At least 10 companies are included:
* IBM Corporation
* Intel Corporation
* Oracle Corporation
* AT&T
* Cisco Systems
* TomTom International BV
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The information for each competitor includes:
* Company Profile
* Main Business Information
* SWOT Analysis
* Sales, Revenue, Price and Gross Margin
* Market Share
For product type segment, this report listed main product type of IoT Fleet Management market
* Passenger Vehicles
* Commercial Vehicles
For end use/application segment, this report focuses on the status and outlook for key applications. End users sre also listed.
* Routing Management
* Tracking and Monitoring
* Fuel Management
* Remote Diagnostics
* Others
For geography segment, regional supply, application-wise and type-wise demand, major players, price is presented from 2013 to 2023. This report covers following regions:
* North America
* South America
* Asia & Pacific
* Europe
* MEA (Middle East and Africa)
The key countries in each region are taken into consideration as well, such as United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil etc.
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