Press Release / Automotive / Increasing demand for large ships and vessel containers across the globe drives smart fleet management market.
Increasing demand for large ships and vessel containers across the globe drives smart fleet management market.
By rechaldey on March 01 2019 | 1043 Views
The smart fleet management market size is projected to grow at a CAGR of 8.0% during the forecast period, to reach USD 462.48 Billion by 2022.
According to the market research report smart fleet management market by Transportation (Automotive, Rolling Stock, Marine), Hardware (Tracking, Optimization, ADAS, and Diagnostic), Connectivity (Short, Long, and Cloud), Solution (Tracking and Optimization), and Region - Global Forecast to 2022, published by MarketsandMarkets™, The smart fleet management market is projected to grow at a CAGR of 8.0% during the forecast period, to reach USD 462.48 billion by 2022. Rising concerns about vehicle safety, driver monitoring, and passenger or goods safety have fueled the growth of the global smart fleet management market.
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Real-Time Monitoring: Promising technology in smart fleet management market
Fleet operators track vehicles in real time to reduce idle time and transportation cost. The purpose of this is to provide effective fleet tracking, real-time monitoring, a dedicated remote server for fleet data, and security features in a single system. With the adoption of technologies, a transporter or service provider can measure maintenance cost and monitor the driver’s behavior.
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The smart fleet management market, by connectivity type, is estimated to be led by short range communication during the forecast period. The short range communication technology can be used to share information regarding traffic jams, position, and best possible route and can also help to avoid collisions. The growing demand for developing systems that will help to reduce traffic fatalities, save fuel, and increase efficiency are some of the key factors contributing towards the growth of short-range communication.
Target Audience of Smart Fleet Management Market
• Fleet operators
• Automotive electronic system manufacturers
• Rolling Stock manufacturers
• Investment firms
• Equity research firms
• Private equity firms
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The report covers all the major players in the global smart fleet management market such as Continental AG (Germany), Denso Corporation (Japan), Robert Bosch GmbH (Germany), and Otto Maritime Limited. (Sigapore) among others.
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