Smart Fleet Management Market Report 
                      
Summary 
Global Smart Fleet Management Market Report 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 Report Overview 
The global Smart Fleet Management Market Report 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 Report 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 Report over the forecast period.  
Smart fleet management is more than just tracking the locations of the various vehicles in a fleet. In an 
age of advanced telematics and automated sensors, the Smart Fleet Management Market Report is 
evolving into a new beast altogether. The high-end smart fleet management solutions in the market at 
present go so far as offering a connection with the onboard driver assistance module of the vehicle, which 
allows the parent company to track the specific driving habits of the driver, allowing them to discover and 
eliminate unsafe or illegal practices at the root cause. Such innovations are likely to provide the Smart 
Fleet Management Market Report with significant prospects for growth over the forecast period, as the 
demand for such premium solutions is expected to grow smoothly 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 Report over the forecast period.  
Competitive Analysis 
The global Smart Fleet Management Market Report 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 Report is segmented on the basis of transportation type, 
hardware, solution, and region. 
By transportation type, the global Smart Fleet Management Market Report is segmented into automotive, 
rolling stock, and marine. 
By hardware, the global Smart Fleet Management Market Report is segmented into tracking, optimization, 
ADAS, and diagnostic.  
By solution, the global Smart Fleet Management Market Report is segmented into tracking and 
optimization. 
Regional Analysis 
Asia Pacific is likely to retain a major share in the global Smart Fleet Management Market Report 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 Report 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 
Report 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 Report over the forecast period.  
North America and Europe are also likely to hold on to major shares in the global Smart Fleet Management 
Market Report 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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market-5226 
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