IoT Fleet Management Market by Platform, Services, Cloud Deployment, Solutions, Fleet Type, and Region - Global Forecast to 2021

  • ID: 4221319
  • Report
  • Region: Global
  • 160 Pages
  • Markets and Markets
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The IoT Fleet Management Market is Projected to Grow at a CAGR of 21.26% During the Forecast Period, to Reach USD 8.28 Billion by 2021

FEATURED COMPANIES

  • AT&T, Inc.
  • Cisco Systems, Inc.
  • Intel Corporation
  • Omnitracs
  • Sierra Wireless
  • Telefonica, S.A.
  • MORE

IoT Fleet Management Market by Platform (Device Management, Application Enablement Platform, and Network Management), Services (Professional, Managed), Cloud Deployment (Public, Private, Hybrid), Solutions, Fleet Type, and Region - Global Forecast to 2021

“The need for efficient operations, automated business processes, data analytics, and overall cost reduction are expected to fuel the IoT fleet management market.”

The IoT fleet management market is projected to grow at a CAGR of 21.26% during the forecast period, to reach USD 8.28 billion by 2021. The key factors driving the market are the requirement of high operational efficiency, integration of smart devices with vehicles, and upcoming regulations on fleet safety and security. However, key restraints such as lack of IoT infrastructure in developing countries, cost sensitivity of small fleet companies, and driver privacy concerns could affect the growth of this market.

“Cloud hybrid model is expected to grow at the highest CAGR during the forecast period”

The hybrid model is witnessing a potential growth opportunity in the market. The growth of the hybrid model can be attributed to benefits such as higher flexibility of data management and adequate data implementation privilege at lower costs. It enables data backup and recovery on cloud infrastructure. The shifting trend of subscription-based solutions is also emerging at a modest pace. These require uninterrupted cloud server with easy accessibility. The combined scalability and flexibility of virtual cloud server will accelerate the growth of the hybrid model market.

“Commercial vehicles are expected to be the largest market for IoT fleet management, by fleet type”

Commercial vehicles are estimated to be the largest segment in the IoT fleet management market, in terms of installed fleet solutions. The growth of this segment can be attributed to increasing trend of smartphone integration with vehicles, driver behavior monitoring, fuel efficiency, and fleet analytics. Also, testing of some innovative technologies such as automated trucks/platooning is currently at a nascent stage and will strongly influence the market in the near future. Companies such as Daimler AG, Volvo Trucks, and Scania AB have already started working on this technology. Hence, the increasing focus of fleet companies to reduce operational cost has resulted in increased demand for IoT-enabled fleet solutions in commercial vehicles.

“The Americas region is estimated to be the largest market for IoT fleet management”

The Americas region is expected to dominate the IoT fleet management market during the forecast period. The market in this region is growing due to increasing technological advancements, regulatory compliances, and noticeable government initiatives. For instance, the U.S. General Services Administration (GSA) states the rules and regulations for public sector fleet vehicles that are being offered to the federal government.

Also, in 2015, the U.S. Department of Transportation introduced a strategic plan for implementing the Intelligent Transportation System (ITS) over a period of next five years. Under this plan, R&D activities have been carried out to improve the country’s transportation infrastructure.

Furthermore, increasing awareness of the benefits of telematics in countries such as Brazil and Mexico would also fuel the IoT fleet management market in the Americas region. This would lead to higher usage of IoT for faster data communication between the vehicle and backend server to achieve enhanced analytics and decision making.

The study contains insights provided by industry experts, ranging from solution providers to Tier-1 companies and OEMs.

The break-up of primaries is as follows:

  • By Company Type: Tier-1 - 55%, Tier-2 - 35%, & OEMs - 10%
  • By Designation: C level - 61%, D Level - 27%, Others - 12%
  • By Region: Americas - 52%, EMEA - 33%, & Asia-Oceania - 15%

The report provides detailed profiles of following companies:

  • AT&T, Inc. (U.S.)
  • Cisco Systems, Inc. (U.S.)
  • Verizon Communications, Inc. (U.S.)
  • TomTom International BV (Netherlands)
  • Trimble, Inc. (U.S.)
  • IBM Corporation (U.S.)
  • Omnitracs (U.S.)
  • Sierra Wireless (Canada)
  • Intel Corporation (U.S.)
  • Telefonica S.A. (Spain)

Research Coverage:

  • The report defines and projects the IoT fleet management market by platform, solutions, services, cloud deployment model, fleet type, and region
  • It analyzes the opportunities offered by various segments of the market to stakeholders
  • It analyzes the regional markets for growth trends, future prospects, and contribution to the overall market
  • It tracks competitive developments such as joint ventures, new product launches, expansions, and other industry activities

Reasons for buying the report:

  • The report covers a detailed analysis of the IoT fleet management market based on solutions and penetration of fleet management in different regions
  • The study provides quantitative analysis of each segment, which is represented by value
  • The top ten companies, which have a significant impact on the market, are profiled along with their financial stature, recent developments, products offered, and SWOT analysis
  • The report covers the competitive landscape, which reflects the market ranking of leading players along with dominant strategies adopted by major stakeholders to retain their market position
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FEATURED COMPANIES

  • AT&T, Inc.
  • Cisco Systems, Inc.
  • Intel Corporation
  • Omnitracs
  • Sierra Wireless
  • Telefonica, S.A.
  • MORE
1 Introduction

    1.1 Objectives of the Study

    1.2 Market Definition

    1.3 Market Scope

           1.3.1 Markets Covered

           1.3.2 Years Considered for the Study

    1.4 Currency

    1.5 Limitations

    1.6 Stakeholders

2 Research Methodology

    2.1 Research Data

    2.2 Secondary Data

           2.2.1 Primary Data

           2.2.2 Sampling Techniques & Data Collection Methods

           2.2.3 Primary Participants

    2.3 Factor Analysis

           2.3.1 Introduction

           2.3.2 Demand-Side Analysis

                    2.3.2.1 Impact of GDP on Roadways Infrastructure Spending

                    2.3.2.2 Increasing Traffic Congestions

           2.3.3 Supply-Side Analysis

                    2.3.3.1 Technological Advancements

    2.4 Market Estimation

    2.5 Market Breakdown & Data Triangulation

    2.6 Assumptions

3 Executive Summary

    3.1 Introduction

    3.2 IoT Fleet Management Market, By Region

    3.3 IoT Fleet Management Market, By Services

    3.4 IoT Fleet Management Market, By Platform

    3.5 IoT Fleet Management Market, By Solutions

    3.6 IoT Fleet Management Market, By Cloud Deployment Model

    3.7 IoT Fleet Management Market, By Fleet Type

4 Premium Insights

    4.1 IoT Fleet Management Market Size, 2016 vs 2021 (USD Billion)

    4.2 IoT Fleet Management Market, By Solutions, Services & Platform, 2016 vs 2021 (USD Billion)

    4.3 IoT Fleet Management Market, By Region & Solution, 2016 (USD Billion)

    4.4 IoT Fleet Management Market, By Services, 2016 (USD Billion)

    4.5 IoT Fleet Management Market, By Platform, 2016 vs 2021 (USD Billion)

    4.6 IoT Fleet Management Market, By Cloud Deployment Model, 2016 (USD Billion)

    4.7 IoT Fleet Management Market, By Solutions, 2016 vs 2021 (USD Billion)

    4.8 IoT Fleet Management Market, By Type, 2016 vs 2021 (USD Billion)

5 Market Overview

    5.1 Introduction

    5.2 Market Segmentation

           5.2.1 IoT Fleet Management Market Segmentation

    5.3 Market Dynamics

           5.3.1 Drivers

                    5.3.1.1 Need for Optimum Operational Efficiencies

                    5.3.1.2 Rising Trends Towards Smartphone Integration With Vehicles

                    5.3.1.3 Implementation of Eld Mandate and Other Anticipated Government Regulations

           5.3.2 Restraints

                    5.3.2.1 Cost Sensitivity of Small and Medium Sized Fleet Owners

                    5.3.2.2 Lack of IoT Infrastructure in Emerging Countries

           5.3.3 Opportunities

                    5.3.3.1 Truck Platooning

                    5.3.3.2 Cloud and Fog Computing Analytics

                    5.3.3.3 New Prospects for Data Driven Services and Telecommunication Service Providers

           5.3.4 Challenges

                    5.3.4.1 Data Security and Safety Issues

                    5.3.4.2 Concerns About Driver Privacy

    5.4 Burning Issues

           5.4.1 Increased Adoption By Banking and Insurance

    5.5 Porter’s Five Forces Analysis

           5.5.1 Competitive Rivalry

           5.5.2 Bargaining Power of Buyers

           5.5.3 Bargaining Power of Suppliers

           5.5.4 Threat of Substitutes

           5.5.5 Threat of New Entrants

6 IoT Fleet Management Market, By Cloud Deployment Model

    6.1 Introduction

    6.2 IoT Fleet Management Market, By Cloud Deployment Model & Region

           6.2.1 IoT Fleet Management Market for Hybrid Cloud Deployment Model, By Region

           6.2.2 IoT Fleet Management Market for Private Cloud Deployment Model, By Region

           6.2.3 IoT Fleet Management Market for Public Cloud Deployment Model, By Region

7 IoT Fleet Management Market, By Platform

    7.1 Introduction

    7.2 IoT Fleet Management Market, By Platform & Region

           7.2.1 Device Management Platform Market, By Region

           7.2.2 Application Enablement Platform Market, By Region

           7.2.3 Network Management Platform Market, By Region

8 IoT Fleet Management Market, By Services

    8.1 Introduction

    8.2 IoT Fleet Management Market, By Services & Region

           8.2.1 Professional Services Market, By Type

                    8.2.1.1 Integration and Deployment Services Market, By Region

                    8.2.1.2 Support and Maintenance Market, By Region

                    8.2.1.3 Consulting Services Market, By Region

           8.2.2 Managed Services Market, By Region

9 IoT Fleet Management Market, By Solutions

    9.1 Introduction

           9.1.1 IoT Fleet Management Market, By Solutions

           9.1.2 IoT Fleet Management Solutions Market, By Region

                    9.1.2.1 Tracking and Monitoring Market, By Region

                               9.1.2.1.1 The Americas Tracking and Monitoring Market, By Country

                               9.1.2.1.2 EMEA Tracking and Monitoring Market, By Country

                               9.1.2.1.3 Asia-Oceania Tracking and Monitoring Market, By Country

                    9.1.2.2 Fuel Management Market, By Region

                               9.1.2.2.1 The Americas Fuel Management Market, By Country

                               9.1.2.2.2 EMEA Fuel Management Market, By Country

                               9.1.2.2.3 Asia-Oceania Fuel Management Market, By Country

                    9.1.2.3 Vehicle Maintenance Market, By Region

                               9.1.2.3.1 The Americas Vehicle Maintenance Market, By Country

                               9.1.2.3.2 EMEA Vehicle Maintenance Market, By Country

                               9.1.2.3.3 Asia-Oceania Vehicle Maintenance Market, By Country

                    9.1.2.4 Routing Management Market, By Region

                               9.1.2.4.1 The Americas Routing Management Market, By Country

                               9.1.2.4.2 EMEA Routing Management Market, By Country

                               9.1.2.4.3 Asia-Oceania Routing Management Market, By Country

                    9.1.2.5 Fleet Analytics Market, By Region

                               9.1.2.5.1 The Americas Fleet Analytics Market, By Country

                               9.1.2.5.2 EMEA Fleet Analytics Market, By Country

                               9.1.2.5.3 Asia-Oceania Fleet Analytics Market, By Country

                    9.1.2.6 Driver Information System Market, By Region

                               9.1.2.6.1 The Americas Driver Information System Market, By Country

                               9.1.2.6.2 EMEA Driver Information System Market, By Country

                               9.1.2.6.3 Asia-Oceania Driver Information System Market, By Country

                    9.1.2.7 Drive Time Analysis Market, By Region

                               9.1.2.7.1 The Americas Drive Time Analysis Market, By Country

                               9.1.2.7.2 EMEA Drive Time Analysis Market, By Country

                               9.1.2.7.3 Asia-Oceania Drive Time Analysis Market, By Country

                    9.1.2.8 Remote Diagnostics Market, By Region

                               9.1.2.8.1 The Americas Remote Diagnostics Market, By Country

                               9.1.2.8.2 EMEA Remote Diagnostics Market, By Country

                               9.1.2.8.3 Asia-Oceania Remote Diagnostics Market, By Country

10 IoT Fleet Management Market, By Fleet Type

     10.1 Introduction

             10.1.1 IoT Fleet Management Market, By Fleet Type

                        10.1.1.1 IoT Fleet Management Market, By Fleet Type, 2015-2021 (‘000 Units)

                        10.1.1.2 IoT Fleet Management Market, By Fleet Type, 2015-2021 (USD Million)

             10.1.2 Commercial Vehicle IoT Fleet Management Market, By Region

                        10.1.2.1 Commercial Vehicles IoT Fleet Management Market, By Region, 2015-2021 ('000 Units)

                        10.1.2.2 Commercial Vehicles IoT Fleet Management Market, By Region, 2015-2021 (USD Million)

             10.1.3 Passenger Cars IoT Fleet Management Market, By Region

                        10.1.3.1 Passenger Cars IoT Fleet Management Market, By Region, 2015-2021 ('000 Units)

                        10.1.3.2 Passenger Cars IoT Fleet Management Market, By Region, 2015-2021 (USD Million)

             10.1.4 Passenger Cars IoT Fleet Management Market, By Propulsion Type & Region

                        10.1.4.1 Passenger Cars IoT Fleet Management Market, By Propulsion Type, 2015-2021 (‘000 Units)

                                     10.1.4.1.1 Electric Vehicle: Passenger Cars IoT Fleet Management Market, By Region, 2015-2021 (‘000 Units)

                                     10.1.4.1.2 Internal Combustion Engines: Passenger Cars IoT Fleet Management Market, By Region, 2015-2021 (‘000 Units)

                        10.1.4.2 Passenger Cars IoT Fleet Management Market, By Propulsion Type, 2015-2021 (USD Million)

                                     10.1.4.2.1 Electric Vehicle: Passenger Cars IoT Fleet Management Market, By Region, 2015-2021 (USD Million)

                                     10.1.4.2.2 Internal Combustion Engines: Passenger Cars IoT Fleet Management Market, By Region, 2015-2021 (USD Million)

             10.1.5 Public Buses IoT Fleet Management Market, By Region

                        10.1.5.1 Public Buses IoT Fleet Management Market, By Region, 2015-2021 ('000 Units)

                        10.1.5.2 Public Buses IoT Fleet Management Market, By Region, 2015-2021 (USD Million)

11 IoT Fleet Management Market, By Region

     11.1 Introduction

     11.2 IoT Fleet Management Market, By Region

             11.2.1 IoT Fleet Management Market, By Region, 2015-2021 (USD Million)

     11.3 The Americas IoT Fleet Management Market

             11.3.1 The Americas IoT Fleet Management Market, By Components

     11.4 Asia-Oceania IoT Fleet Management Market

             11.4.1 Asia-Oceania IoT Fleet Management Market, By Components

     11.5 EMEA IoT Fleet Management Market

             11.5.1 EMEA IoT Fleet Management Market, By Components

12 Competitive Landscape

     12.1 Overview

     12.2 Market Ranking Analysis: IoT Fleet Management Market

     12.3 New Product Launch

     12.4 Partnerships / Collaborations

     12.5 Expansion and Supply Contracts

     12.6 Mergers & Acquisitions

13 Company Profiles

     13.1 Introduction

     13.2 AT&T, Inc.

     13.3 Cisco Systems, Inc.

     13.4 Verizon Communications, Inc.

     13.5 Trimble, Inc.

     13.6 Tomtom International BV

     13.7 International Business Machines Corporation (IBM)

     13.8 Telefonica, S.A.

     13.9 Intel Corporation

     13.10 Sierra Wireless

     13.11 Omnitracs

14 Appendix

     14.1 Insights of Industry Experts

     14.2 Additional Developments

     14.3 Discussion Guide

     14.4 Available Customizations

             14.4.1 IoT Fleet Management Market, By Connectivity Technology, By Region

                        14.4.1.1 Satellite Gnss, By Region

                        14.4.1.2 Cellular System, By Region

             14.4.2 IoT Fleet Management Market, By Components

                        14.4.2.1 Telematics Control Unit, By Region

                        14.4.2.2 GPS Devices, By Region

                        14.4.2.3 Surveillance Camera, By Region

             14.4.3 Detailed Analysis and Profiling of Additional Market Players (Upto 5)

     14.5 Related Reports

List of Tables
Table 1 USD Exchange Rates
Table 2 Anticipated Regulations in Countries/Region
Table 3 Key Players in the Global Truck Platooning Systems Market
Table 4 Top 10 Countries Making Most Use of Information Technology
Table 5 Fastest Growing Applications of IoT Across Regions
Table 6 Porter’s Five Forces Analysis
Table 7 IoT Fleet Management Market, By Cloud Deployment Model, 2015-2021 (USD Million)
Table 8 Hybrid Model: IoT Fleet Management Market, By Region, 2015-2021 (USD Million)
Table 9 Private Model: IoT Fleet Management Market, By Region, 2015-2021 (USD Million)
Table 10 Public Model: IoT Fleet Management Market, By Region, 2015-2021 (USD Million)
Table 11 IoT Fleet Management Market, By Platform, 2015-2021 (USD Million)
Table 12 IoT Fleet Management Platform Market, By Region, 2015-2021 (USD Million)
Table 13 IoT Fleet Management Market for Device Management Platform, By Region, 2015-2021 (USD Million)
Table 14 IoT Fleet Management Market for Application Enablement Platform, By Region, 2015-2021 (USD Million)
Table 15 IoT Fleet Management Market for Network Management Platform, By Region, 2015-2021 (USD Million)
Table 16 IoT Fleet Management Market, By Services, 2015-2021 (USD Million)
Table 17 Professional Services: IoT Fleet Management Market, By Type, 2015-2021 (USD Million)
Table 18 Integration and Deployment Services: IoT Fleet Management Market, By Region, 2015-2021 (USD Million)
Table 19 Support and Maintenance: IoT Fleet Management Market, By Region, 2015-2021 (USD Million)
Table 20 Consulting Services: IoT Fleet Management Market, By Region, 2015-2021 (USD Million)
Table 21 Managed Service: IoT Fleet Management Market, By Region, 2015-2021 (USD Million)
Table 22 IoT Fleet Management Market, By Solutions, 2015-2021 (USD Million)
Table 23 IoT Fleet Management Solutions Market, By Region, 2015-2021 (USD Million)
Table 24 Tracking and Monitoring Market, By Region, 2015-2021 (USD Million)
Table 25 The Americas Tracking and Monitoring Market, By Country, 2015-2021 (USD Million)
Table 26 EMEA Tracking and Monitoring Market, By Country, 2015-2021 (USD Million)
Table 27 Asia-Oceania Tracking and Monitoring Market, By Country, 2015-2021 (USD Million)
Table 28 Fuel Management Market, By Region, 2015-2021 (USD Million)
Table 29 The Americas Fuel Management Market, By Country, 2015-2021 (USD Million)
Table 30 EMEA Fuel Management Market, By Country, 2015-2021 (USD Million)
Table 31 Asia-Oceania Fuel Management Market, By Country, 2015-2021 (USD Million)
Table 32 Vehicle Maintenance Market, By Region, 2015-2021 (USD Million)
Table 33 The Americas Vehicle Maintenance Market, By Country, 2015-2021 (USD Million)
Table 34 EMEA Vehicle Maintenance Market, By Country, 2015-2021 (USD Million)
Table 35 Asia-Oceania Vehicle Maintenance Market, By Country, 2015-2021 (USD Million)
Table 36 Routing Management Market, By Region, 2015-2021 (USD Million)
Table 37 The Americas Routing Management Market, By Country, 2015-2021 (USD Million)
Table 38 EMEA Routing Management Market, By Country, 2015-2021 (USD Million)
Table 39 Asia-Oceania Routing Management Market, By Country, 2015-2021 (USD Million)
Table 40 Fleet Analytics Market, By Region, 2015-2021 (USD Million)
Table 41 The Americas Fleet Analytics Market, By Country, 2015-2021 (USD Million)
Table 42 EMEA Fleet Analytics Market, By Country, 2015-2021 (USD Million)
Table 43 Asia-Oceania Fleet Analytics Market, By Country, 2015-2021 (USD Million)
Table 44 Driver Information System Market, By Region, 2015-2021 (USD Million)
Table 45 The Americas Driver Information System Market, By Country, 2015-2021 (USD Million)
Table 46 EMEA Driver Information System Market, By Country, 2015-2021 (USD Million)
Table 47 Asia-Oceania Driver Information System Market, By Country, 2015-2021 (USD Million)
Table 48 Drive Time Analysis Market, By Region, 2015-2021 (USD Million)
Table 49 The Americas Drive Time Analysis Market, By Country, 2015-2021 (USD Million)
Table 50 EMEA Drive Time Analysis Market, By Country, 2015-2021 (USD Million)
Table 51 Asia-Oceania Drive Time Analysis Market, By Country, 2015-2021 (USD Million)
Table 52 Remote Diagnostics Market, By Region, 2015-2021 (USD Million)
Table 53 The Americas Remote Diagnostics Market, By Country, 2015-2021 (USD Million)
Table 54 EMEA Remote Diagnostics Market, By Country, 2015-2021 (USD Million)
Table 55 Asia-Oceania Remote Diagnostics Market, By Country, 2015-2021 (USD Million)
Table 56 IoT Fleet Management Market, By Fleet Type, 2015-2021 (‘000 Units)
Table 57 IoT Fleet Management Market, By Fleet Type, 2015-2021 (USD Million)
Table 58 Commercial Vehicles IoT Fleet Management Market, By Region, 2015-2021 (‘000 Units)
Table 59 Commercial Vehicles IoT Fleet Management Market, By Region, 2015-2021 (USD Million)
Table 60 Passenger Cars IoT Fleet Management Market, By Region, 2015-2021 (‘000 Units)
Table 61 Passenger Cars IoT Fleet Management Market, By Region, 2015-2021 (USD Million)
Table 62 Passenger Cars IoT Fleet Management Market, By Propulsion Type, 2015-2021 (‘000 Units)
Table 63 Electric Vehicle: Passenger Cars IoT Fleet Management Market, By Region, 2015-2021 (‘000 Units)
Table 64 Internal Combustion Engines: Passenger Cars IoT Fleet Management Market, By Region, 2015-2021 (‘000 Units)
Table 65 Passenger Cars IoT Fleet Management Market, By Propulsion Type, 2015-2021 (USD Million)
Table 66 Electric Vehicle: Passenger Cars IoT Fleet Management Market, By Region, 2015-2021 (USD Million)
Table 67 Internal Combustion Engines: Passenger Cars IoT Fleet Management Market, By Region, 2015-2021 (USD Million)
Table 68 Public Buses IoT Fleet Management Market, By Region, 2015-2021 (‘000 Units)
Table 69 Public Buses IoT Fleet Management Market, By Region, 2015-2021 (USD Million)
Table 70 IoT Fleet Management Market, By Region, 2015-2021 (USD Million)
Table 71 The Americas IoT Fleet Management Market, By Components, 2015-2021 (USD Million)
Table 72 Asia-Oceania IoT Fleet Management Market, By Components, 2015-2021 (USD Million)
Table 73 EMEA IoT Fleet Management Market, By Components, 2015-2021 (USD Million)
Table 74 IoT Fleet Management Market Ranking, 2015
Table 75 New Product Launch, 2016
Table 76 Partnerships/Collaborations, 2014-2017
Table 77 Expansion and Supply Contracts, 2016-2017
Table 78 Mergers & Acquisitions, 2015-2016

List of Figures
Figure 1 IoT Fleet Management - Market Segmentation
Figure 2 IoT Fleet Management Market: Research Design
Figure 3 Research Design Model
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 5 Gross Domestic Product (GDP) vs Road Infrastructure Percentage (2014)
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Market Size Estimation Methodology: Bottom-Up Approach
Figure 8 Data Triangulation
Figure 9 Asia Oceania Estimated to Be the Fastest Growing Market During the Forecast Period, 2016 vs 2021
Figure 10 Professional Services Estimated to Hold the Larger Market Share, 2016 vs 2021 (USD Billion)
Figure 11 Device Management Platform Estimated to Hold the Largest Market Share, 2016 vs 2021 (USD Billion)
Figure 12 Routing Management Estimated to Hold the Largest Market Share, 2016 vs 2021 (USD Billion)
Figure 13 Hybrid Model is Estimated to Be the Fastest Growing Market, 2016 vs 2021 (USD Billion)
Figure 14 Commercial Vehicles Segment to Have the Higher Adoption Rate of Fleet Management, 2016 vs 2021 (USD Billion)
Figure 15 Attractive Market Opportunities for IoT Fleet Management Market
Figure 16 Solutions Segment Expected to Hold the Largest Market Share in IoT Fleet Management Market
Figure 17 Americas Led the Market of IoT Fleet Management
Figure 18 Professional Services Constituted Majority of Share in the IoT Fleet Management Market
Figure 19 Device Management Expected to Dominate the IoT Fleet Management Platform Market
Figure 20 Public Model Dominated the IoT Fleet Management Market, 2016 (USD Billion)
Figure 21 Routing Management Expected to Dominate the IoT Fleet Management Market, By Solutions, 2016 vs 2021 (USD Billion)
Figure 22 Commercial Vehicles Expected to Hold the Largest Revenue Pocket of the IoT Fleet Management Market, By Fleet Type, 2016 vs 2021 (USD Billion)
Figure 23 Ecosystem: IoT Fleet Management System
Figure 24 IoT Fleet Management Market: Market Dynamics
Figure 25 Benefits of IoT in Fleet Management
Figure 26 U.S.: Large Trucks and Bus Crashes on the Rise (2013 - 2015)
Figure 27 on Road Light and Heavy Duty Vehicles Emission Regulations Outlook
Figure 28 Mobile Broadband Subscriptions Per 100 Inhabitants, 2010 - 2014
Figure 29 Porter’s Five Forces Analysis: IoT Fleet Management Market
Figure 30 Bargaining Power of Buyers and Competitive Rivalry are High in the IoT Fleet Management Market
Figure 31 High Impact of Degree of Competition on the IoT Fleet Management Market
Figure 32 High Impact of Bargaining Power of Buyers in the IoT Fleet Management Market
Figure 33 Medium Impact of Bargaining Power of Suppliers on the IoT Fleet Management Market
Figure 34 Medium Impact of Threat of Substitutes on the IoT Fleet Management Market
Figure 35 Low Impact of Threat of New Entrants in the IoT Fleet Management Market
Figure 36 Hybrid Model Expected to Grow at the Highest CAGR, 2016-2021 (USD Million)
Figure 37 Device Management Platform is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 38 Managed Services Segment is Expected to Grow at A Higher CAGR, 2016 vs 2021
Figure 39 Routing Management Estimated to Hold the Largest Market Share, 2016 vs 2021
Figure 40 Commercial Vehicles Estimated to Hold the Largest Market Share, 2016-2021 (USD Million)
Figure 41 Asia-Oceania Will Be an Attractive Destination for IoT Fleet Management Market, 2016 vs 2021 (USD Million)
Figure 42 Companies Adopted New Product Development as A Key Growth Strategy From 2014 to 2016
Figure 43 Market Evaluation Framework: Agreements/ Partnerships/ Supply Contracts/ Joint Ventures Fuelled Market Growth From 2013 to 2016
Figure 44 Battle for Market Share: New Product Development Was the Key Strategy
Figure 45 AT&T, Inc.: Company Snapshot
Figure 46 SWOT Analysis: AT&T, Inc.
Figure 47 Cisco Systems, Inc.: Company Snapshot
Figure 48 SWOT Analysis: Cisco Systems, Inc.
Figure 49 Verizon Communications, Inc.: Company Snapshot
Figure 50 SWOT Analysis: Verizon Communications, Inc.
Figure 51 Trimble, Inc.: Company Snapshot
Figure 52 SWOT Analysis: Trimble, Inc.
Figure 53 Tomtom International BV: Company Snapshot
Figure 54 SWOT Analysis: Tomtom International BV
Figure 55 IBM Corporation: Company Snapshot
Figure 56 Telefonica, S.A.: Company Snapshot
Figure 57 Intel Corporation: Company Snapshot
Figure 58 Sierra Wireless: Company Snapshot
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • AT&T, Inc.
  • Cisco Systems, Inc.
  • Intel Corporation
  • Omnitracs
  • Sierra Wireless
  • Telefonica, S.A.
  • MORE

The IoT fleet management market is projected to grow at a CAGR of 21.26% during the forecast period, to reach a market size of USD 8.28 Billion by 2021. The growing demand for operational efficiency, real-time fleet monitoring, process automation, predictive maintenance, and fleet analytics are some of the key drivers for this market.

The hybrid cloud deployment model is expected to be the fastest growing market during the forecast period. This is due to its benefits such as easy accessibility, higher flexibility, and data implementation options at lower costs. The hybrid model reduces the cloud risk by using cloud bursting and disaster recovery architecture. Also, the “Fog computing” concept is in the initial stage and will have a positive impact on the market in the coming years. Fleet companies, which are moving toward the hybrid model due to cost-effective and on-time delivery features, will further drive the growth of the hybrid deployment model market.

The device management platform is expected to dominate the IoT fleet management market. It is estimated to be the largest and fastest growing market during the review period. It enables device authentication, remote access, monitoring, and troubleshooting and offers security features against hacking and malware attacks. The OAuth 2.0 and OpenID Connect 1.0 are the authorization models that enhance the device authentication that works with IoT server. Also, the increased use of personalized devices such as smartphones and tablets will boost the market for device management platform in IoT fleet management.

The managed services segment is estimated to grow at the highest CAGR from 2016 to 2021. The factors that contribute to the growth of this market are continuously changing client needs, increasing complexity of infrastructure, and reduced maintenance cost. The advent of IoT brought a paradigm shift in the fleet management industry by handling multiple operations through a single network. This will further fuel the demand for managed services in the IoT fleet management market.

Heavy trucks in the commercial vehicles segment are expected to hold the largest share in the IoT fleet management market during the review period. The IoT fleet management market in public buses is growing at a relatively slower pace, as compared to passenger cars and heavy trucks. IoT will help these fleets by providing real-time tracking, effective fuel management, intelligent routing management, and reduced maintenance and operational cost.

The Americas region is estimated to dominate the IoT fleet management market. The Americas market is growing owing to the high adoption rate of technologically advanced products, rigorous regulatory compliances, and strong network infrastructure (3G/4G or upcoming 5G connectivity). The growing number of passenger cars, public buses, and heavy trucks in the Americas region would require the faster exchange of data for better analytics and decision making. Hence, IoT will help the fleet companies to cope with government regulations related to emission and fleet safety, which in turn would boost the demand for the IoT fleet management market in this region.

The key factors restraining the growth of the IoT fleet management market include the cost sensitivity of small and medium-sized fleet companies and the lack of IoT infrastructure in developing economies. Also, the compliances related to data sharing from different regional governments would become a challenge for the fleet management solution providers. This would have a negative impact on the IoT fleet management market.

Some of the key players in IoT fleet management market include AT&T, Inc. (U.S.), Cisco Systems, Inc. (U.S.), Verizon Communications, Inc. (U.S.), TomTom International BV ( Netherlands), Trimble, Inc. (U.S.), IBM Corporation (U.S.), Omnitracs (U.S.), Sierra Wireless (Canada), Intel Corporation (U.S.), and Telefonica S.A. (Spain). AT&T, Inc. has adopted new product development and collaboration strategies to retain its market position. Cisco Systems, Inc. followed the strategies of partnerships and acquisitions to emerge as a prominent player in the market.

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  • AT&T, Inc.
  • Cisco Systems, Inc.
  • Intel Corporation
  • International Business Machines Corporation (IBM)
  • Omnitracs
  • Sierra Wireless
  • Telefonica, S.A.
  • Tomtom International BV
  • Trimble, Inc.
  • Verizon Communications, Inc.
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