Smart fleet management system equips a fleet operator with different information that aids in the effective administration of fleets. This is expected to boost the expansion of the global market of smart fleet management software. The solution aids in tracking fuel consumption and in route management. In addition, smart fleet management solutions also provide a dedicated server for fleet security in a single system. These benefits enable operators to analyze and make cost-effective decisions. Advantages offered by smart fleet management solutions attract customers.

Segmental Outline

The worldwide smart fleet management marketis studied by transportation, hardware, and solutions. By transportation, the market is segmented into automotive, marine, and rolling stock. The increase in import and export activities via marine mode can boost the growth of the global smart fleet management market, which can earn substantial revenue for the market. However, automobile segment is expected to generate a greater turnover for the market. With the growing demand for BRT buses, the adoption of smart fleet management solutions due to their ability to induce flexibility and cost-effectiveness to related procedures is observed to surge.

Regional Analysis

High demand for smart fleet management solutions is expected to generate high revenue due to the increase in the application of the solutions. The APAC region is observed to hold potential opportunities for the smart fleet management market, where investments are likely to make decent income. The intensifying stringency of government norms regarding transportation and the need for improving transportation infrastructure is encouraging the adoption of smart fleet management solutions. This is expected to propel the growth of the APAC market across the review period. Besides, the increase in the need for BRT buses to provide improved public transportation experience to passengers can contribute to the regional market. MRFR identified that the market in North America and Europe is poised to exhibit a rapid expansion in the review period. This is due to the existence of sophisticated technology and wealthy manufacturers in these regions.

Key Players

MFR listed important players that are functioning in the global market of smart fleet management market. They are, Robert Bosch GmbH., Harman International Industries, Inc., Siemens