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

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

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

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  1. IoT Fleet Management Market by Platform, Services, Cloud Deployment, Solutions, Fleet Type, and Region - Global Forecast to 2021 www.MarketsandMarkets.com

  2. The IoT Fleet Management Marketis 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. PDF Brochure : https://www.marketsandmarkets.com/pdfdownload.asp?id=246122062

  3. 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 Request for Customization : https://www.marketsandmarkets.com/requestCustomization.asp?id=246122062

  4. 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. Request for Sample : https://www.marketsandmarkets.com/requestsample.asp?id=246122062

  5. 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.

  6. Contact:Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441

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