Global IoT Fleet Management Market to Grow with Expanding Fleet Sizes

The demand within the global market for internet of things (IoT) fleet management is expected to rise on account of the need for improving operational efficiency of vehicles. Furthermore, vehicle safety and security has also become a major concern for fleet operators, thus, necessitating the deployment of internet of things fleet management systems. A fleet refers to a group of ships, trucks, or planes that are operated under a unified control, and may be controlled from a central unit. A report added by TMR Research sheds light on the key forces that have aided the growth of the global market for internet of things (IoT) fleet management. The title of the report is “Internet of Things (IoT) Fleet Management Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2028”.

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The advent of smart transportation systems has necessitated the deployment of fleet management systems in recent times. Furthermore, the government has been on a quest to improve the efficiency and effectiveness of public transport systems. Owing to these factors, the demand within the global internet of things (IoT) fleet management market is projected to reach new heights in the coming years.

Geographically, the sophisticated traffic and transport systems across the US and Canada have created commendable demand within the market for internet of things fleet management in North America. Furthermore, the ever-expanding size of fleets in India and China is expected to propel demand across Asia Pacific.

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Some of the key players in the global internet of things (IoT) fleet management are Trimble Inc., Telefónica, Tomtom International BV, and Sierra Wireless.