Smart Fleet Management Market Analysis to 2024 and Forecasts: Global Market Insights Inc. Fuel Cell Market size worth $25.5bn by 2024 Low Power Wide Area Network

Regional Analysis of Smart Fleet Management Market: The smart fleet management market in the Asia Pacific region is expected to grow at a remarkable pace owing to increasing stringency in regulations and rising transportation facilities in countries including India, China, and Japan. The governments in these countries are compelling the OEMs to implement these systems in vehicles owing to the changing approach toward the safety of drivers, passengers, fleet operators, and goods. Improving trade and socio-economic conditions in Thailand, Indonesia, and Malaysia have increased the demand for premium fleets with high safety features, thus positively impacting the smart fleet management market growth.

Application Analysis of Smart Fleet Management Market: Telematics service providers and OEMs in the smart fleet management market are developing solutions to ensure compatibility with future standards to increase ease-of-maintenance and scalability. Telematics providers are developing integrated modules and SIMs to connect to cellular networks as vehicles travel between urban & rural areas, network provider boundaries, and cellular network boundaries from 2G to 3G and 4G. These modules are intended to achieve scalability and optimum coverage that remain compatible with the changing technology. The technology providers are investing in developing solutions with special and customized features in the smart fleet management market. For instance, P&L Software, a firm based in the UK focuses on developing software for the waste management industry.

Competitive Market Share of Smart Fleet Management Market: Industry players in the smart fleet management market include Harman International Industries, Inc., Robert Bosch GmbH., Siemens AG, Denso Corporation, IBM Corporation, Continental AG, Cisco Systems, Inc., Sierra Wireless, Inc., Calamp Corp., OTTO Marine Ltd., Precious Shipping Co. Ltd., and Globecomm Systems, Inc. The presence of primarily big players characterizes the smart fleet management market. However, new startups are entering the market with more specialized fleet management and optimization solutions for specified applications. For instance, KeepTruckin, a startup based in the U.S. is focusing on improving the efficiency of the trucking industry by connecting drivers and vehicle freights on road.

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