IoT Fleet Management Market Report 2026

The iot fleet management market size has grown rapidly in recent years. It will grow from $9.17 billion in 2025 to $10.6 billion in 2026 at a compound annual growth rate (CAGR) of 15.5%. The growth in the historic period can be attributed to fleet cost optimization needs, GPS tracking adoption, logistics industry expansion, early telematics deployment, rising fuel cost volatility.

The iot fleet management market size is expected to see rapid growth in the next few years. It will grow to $17.35 billion in 2030 at a compound annual growth rate (CAGR) of 13.1%. The growth in the forecast period can be attributed to AI driven fleet analytics demand, electric fleet adoption, regulatory compliance monitoring, growth of delivery fleets, emphasis on operational efficiency. Major trends in the forecast period include real time fleet tracking, predictive vehicle maintenance, driver behavior monitoring, fuel consumption optimization, integrated fleet analytics platforms.

The upsurge in fleet vehicle sales is poised to drive the expansion of the IoT fleet management market in the foreseeable future. Fleet vehicles, comprising automobiles owned or leased by companies or organizations for business purposes such as transportation and service operations, serve as crucial assets for efficient operations. The rising sales of fleet vehicles enable fleet managers to gather real-time data on vehicle health, fuel consumption, driving behavior, and maintenance requirements. This data facilitates optimized route planning, predictive maintenance scheduling, and enhanced asset utilization, thereby improving overall fleet management efficiency. For instance, data from the Society of Motor Manufacturers and Traders (SMMT) revealed a noteworthy 21% surge in new light commercial vehicle (LCV) registrations in Britain in 2023, totaling 341,455 vehicles, including a record uptake of battery electric vans (BEVs) with 20,253 units registered, reflecting a significant investment by businesses and fleets essential to the UK economy. Hence, the escalating sales of fleet vehicles are propelling the IoT fleet management market forward.

Major companies operating in the IoT Fleet Management market are focusing on developing innovative solutions, such as advanced fleet management systems, to improve operational efficiency and enable real-time tracking. Fleet management solutions are software or systems designed to monitor, control, and optimize the operations of a fleet of vehicles. By leveraging Internet of Things (IoT) technology, these systems provide real-time data on vehicle location, status, and performance. For example, in March 2024, Targa Telematics, an Italy-based software company, launched new fleet management solutions named ViaSat Fleet Start and Advanced. These solutions are designed for passenger cars and light commercial vehicles and integrate seamlessly with Targa’s existing IoT platform. By utilizing real-time data, these solutions enhance fleet management capabilities, helping businesses reduce costs, improve operational processes, and provide protection against vehicle theft with features like stolen vehicle tracking.

In December 2023, Viasat Group, a subsidiary of Targa Telematic, an Italy-based provider of telematic systems and IoT solutions, acquired TRACKiT to expand its portfolio of solutions, ranging from fleet monitoring to embedded computing-based security. This strategic acquisition enables Viasat Group to integrate TRACKiT's diverse solutions into its offerings and collaborate on digital transformation initiatives with clients to shape the future of mobility. TRACKiT, headquartered in Portugal, specializes in GPS tracking and fleet management, offering solutions spanning fleet monitoring to security through embedded computing, thereby complementing Viasat Group's capabilities in the IoT fleet management market.

Major companies operating in the iot fleet management market report include Verizon Communications Inc, AT&T Inc, International Business Machines Corporation, Cisco Systems Inc, Oracle Corporation, Telefonica S.A, Honeywell International Inc, Webfleet Solutions, Telefonaktiebolaget LM Ericsson, Trimble Inc, Viasat Inc, Sierra Wireless Inc, Geotab Inc, TomTom International B.V, Omnitracs LLC, CalAmp Corp, KORE Wireless Group Inc, Teletrac Navman US Ltd, Inseego Corp, Telit Communications PLC, Aeris Communications Inc, Gurtam, Fleet Complete, Vnomics Corp, Particle Industries Inc, Simon IoT LLC, Monogoto Ltd.

North America was the largest region in the IoT fleet management market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the iot fleet management market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the iot fleet management market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The IoT fleet management market consists of revenues earned by entities by providing services such as predictive maintenance, vehicle maintenance, route optimization, and compliance and regulatory reporting. The market value includes the value of related goods sold by the service provider or included within the service offering. The IoT fleet management market also includes sales of sensors, telematics devices, GPS trackers, dashcams, mobile devices, IoT gateway devices, and electronic logging devices (ELDs). Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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