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The need for the reduction of transportation and operation cost is expected to boost the adoption of smart fleet management solutions, which can accelerate the growth of the market. On the contrary, an increase in fleet sizes and complexities of the system can retard the global smart fleet management market report growth.
Regional Analysis
High demand for smart fleet management market report 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 report, 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.
Segmental Outline
The worldwide market of smart fleet management is 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 report, 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. In addition, the growing need for passenger convenience is noted to increase the use of BRT, which is expected to boost smart fleet management solutions market growth over the assessment period. By solution, the market is sectioned into optimization and tracking. By hardware, the market is classified into tracking, ADAS, diagnostic, and optimization.
Key Players
MFR listed important players that are functioning in the global market of smart fleet management market report. They are, Robert Bosch GmbH., Harman International Industries, Inc.
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