LONDON--(BUSINESS WIRE)--Technavio has been monitoring the smart fleet management market and it is poised to grow by USD 153.63 bn during 2020-2024, progressing at a CAGR of over 7% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Frequently Asked Questions:
What are the major trends in the market?
Increasing operational fleet efficiency, fleet security, and optimized fuel management are major trends driving the growth of the market.
At what rate is the market projected to grow?
The year-over-year growth for 2020 is estimated at 5.23% and the incremental growth of the market is anticipated to be $ 153.63 bn.
Who are the top players in the market?
Avnet Inc., Cisco Systems Inc., Continental AG, DENSO Corp., International Business Machines Corp., Oracle Corp., Robert Bosch GmbH, Siemens AG, Speedcast International Ltd., and TomTom International BV, are some of the major market participants.
What are the key market drivers and challenges?
The need for high-speed transport is one of the major factors driving the market.
How big is the APAC market?
The APAC region will contribute 41% of the market share.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Avnet Inc., Cisco Systems Inc., Continental AG, DENSO Corp., International Business Machines Corp., Oracle Corp., Robert Bosch GmbH, Siemens AG, Speedcast International Ltd., and TomTom International BV are some of the major market participants. The need for high-speed transport will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Smart Fleet Management Market 2020-2024: Segmentation
Smart Fleet Management Market is segmented as below:
- North America
- South America
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Smart Fleet Management Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The smart fleet management market report covers the following areas:
- Smart Fleet Management Market Size
- Smart Fleet Management Market Trends
- Smart Fleet Management Market Industry Analysis
This study identifies increasing operational fleet efficiency, fleet security, and optimized fuel management as the prime reasons driving the smart fleet management market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Smart Fleet Management Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist smart fleet management market growth during the next five years
- Estimation of the smart fleet management market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the smart fleet management market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of smart fleet management market vendors
Table of Contents:
- Market ecosystem
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five forces analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Transportation Type
- Market segments
- Comparison by Transportation type
- Roadways - Market size and forecast 2019-2024
- Railroad - Market size and forecast 2019-2024
- Marine - Market size and forecast 2019-2024
- Aviation - Market size and forecast 2019-2024
- Market opportunity by Transportation type
- Customer landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers – Demand led growth
- Market challenges
- Market trends
- Landscape disruption
- Vendors covered
- Market positioning of vendors
- Avnet Inc.
- Cisco Systems Inc.
- Continental AG
- DENSO Corp.
- International Business Machines Corp.
- Oracle Corp.
- Robert Bosch GmbH
- Siemens AG
- Speedcast International Ltd.
- TomTom International BV
- Scope of the report
- Currency conversion rates for US$
- Research methodology
List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.