Smart Fleet Management Market 
                      
Summary 
Global Smart Fleet Management Market Information Report by Transportation (Automotive, 
Rolling Stock, Marine), by Hardware (Tracking, Optimization, ADAS, and Diagnostic), by Solution 
(Tracking and Optimization), and by Regions - Global Forecast To 2023  
Smart Fleet Management Market Overview 
Stringent government regulations to increase demand and safety by fleet operators to track 
vehicles, thus reducing the cost of transportation and rising demand for connectivity are 
anticipated to stimulate the market growth over the forecast period.  
The global smart fleet management market is expected to exhibit a strong CAGR over the forecast 
period from 2018 to 2023, according to the latest research report from Market Research Future 
(MRFR). The global smart fleet management market is mainly driven by the growing demand for 
long-distance shipping of various commodities and the growing demand for high levels of 
technological sophistication in smart fleet management solutions. The growing support from 
government regulations to smart solutions that make the transportation industry safer is likely 
to be a major driver for the global smart fleet management market over the forecast period.  
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The growing demand for long-distance shipping of various products, including for the food and 
beverage, steel and metalworking, and construction industries, is likely to be a major driver for 
the global smart fleet management market over the forecast period.  
Competitive Analysis 
The global smart fleet management market is dominated by companies such as Globecomm 
Systems Inc., Precious Shipping Co. Ltd., OTTO Marine Ltd., CalAmp Corp., Sierra Wireless Inc., 
Cisco Systems Inc., Continental AG, IBM Corporation, Denso Corporation, Siemens AG, Robert 
Bosch GmbH, and Harman International Industries Inc. 
In April 2019, CalAmp acquired Synovia Solutions, a leading provider of fleet tracking solutions 
and a longtime collaborator with CalAmp.  
Segmentation 
The global smart fleet management market is segmented on the basis of transportation type, 
hardware, solution, and region. 
By transportation type, the global smart fleet management market is segmented into 
automotive, rolling stock, and marine. 
By hardware, the global smart fleet management market is segmented into tracking, 
optimization, ADAS, and diagnostic.  
By solution, the global smart fleet management market is segmented into tracking and 
optimization. 
Regional Analysis 
Asia Pacific is likely to retain a major share in the global smart fleet management market over the 
forecast period. The growing urbanization and industrialization in Asia Pacific has driven the 
demand for smart, efficient tracking mechanisms for shipping companies. The steady 
improvement in transportation facilities and infrastructure in countries such as China, India, 
Indonesia, Malaysia, and Singapore is likely to be a major driver for the global smart fleet 
management market over the forecast period. The growing number of software development 
companies in the region and the growing research prospects in the Internet of Things (IoT) are 
also likely to be a major driver for the smart fleet management market in Asia Pacific over the 
forecast period, as this is likely to enable smooth incorporation of technological advances into 
the practical solutions.  
Growing government support for solutions that make transportation safer and more reliable 
across the board is likely to be a major driver for the smart fleet management solutions market 
in Asia Pacific. Driver safety has become a major topic in transportation applications over the last 
few years, with several governments issuing supportive regulations that could enable strong 
progress of the smart fleet management market over the forecast period.  
North America and Europe are also likely to hold on to major shares in the global smart fleet 
management market over the forecast period due to the early mover advantage, which has seen 
widespread installation of advanced smart fleet management solutions in these regions.  
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management-market-5226 
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