U.S (New York) – We are thrilled to announce the latest release of our comprehensive market research report titled “Smart Fleet Management Market ” by Report Ocean, a prominent industry insights provider. This report provides a wealth of valuable insights and analysis on the current trends, growth prospects, competitive landscape, and strategic recommendations within the [specific industry/market]. It serves as an indispensable resource for gaining in-depth knowledge of the industry and making well-informed decisions.
Smart fleet management deals with tracking and maintenance of vehicles in a cost-effective, rapid, and accessible manner along with financing, driver management, and other features. It helps fleet owners to reduce the risks associated with staff cost, operations, and others. The benefits of adopting smart fleet management are reduced fuel & overall running costs, enhanced safety, and optimized fleet operations with real-time fleet tracking and monitoring.
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A release on June 8th, 2022, by the Bureau and Economic Analysis and U.S. The Census Bureau reports the recovery of the U.S. market. The report also described the recovery of U.S. International Trade in July 2022.In April 2022, exports in the country reached $300 billion, an increase of $13.4 billion. In April 2022, imports amounted to $294.5 billion, increasing by $17.4 billion. COVID-19 is still a significant issue for economies around the globe, as evidenced by the year-over-year decline in exports in the U.S. between April 2020 and April 2022 and the increase in imports over that same period of time. The market is clearly trying to recover. Despite this, it means there will be a direct impact on industries. resulting in a large market for Smart Fleet Management Market .
In recent years, use of smart fleet management is rising at a considerable rate as it offers critical alerts, real-time alerts, driver behavior, anti-theft notifications, and safety alerts. Moreover, use of smart fleet management enhances safety, ensures compliance, and reduces costs. Moreover, it benefits businesses that are significantly dependent on transportation of goods and services, with enhanced productivity and efficiency. With access to real-time fleet status and fleet data, fleet managers can perform operations more effectively and increase driver productivity.
The global smart fleet management is segmented based on mode of transportation, application, connectivity, operation, and region. Roadways, marine, airways, and railways are studied under the mode of transportation segment. By application, the market is categorized into tracking, ADAS, optimization, fuel cards, and automatic vehicle identification. Depending on connectivity, it is fragmented into short range and long range. By operation, the market is bifurcated into private and commercial. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players operating in the global smart fleet management market are Cisco Systems, Inc., Continental AG, DENSO CORPORATION, Globecomm (Speedcast International Limited.), IBM, Samsung Electronics Co. Ltd. (Harman International Industries, Inc.), Tech Mahindra Limited, Robert Bosch GmbH, Siemens, and Sierra Wireless.
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KEY BENEFITS FOR STAKEHOLDERS
– This study presents analytical depiction of the global smart fleet management market along with the current trends and future estimations to depict the imminent investment pockets.
– The overall market potential is determined to understand the profitable trends to enable stakeholders gain a stronger foothold in the market.
– The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
– The current market is quantitatively analyzed from 2019 to 2027 to highlight the financial competency of the market.
– Porter’s five forces analysis illustrates the potency of the buyers and suppliers.
KEY MARKET SEGMENTS
By Mode of Transportation
– Roadways
– Marine
– Airways
– Railways
By Offering Type
– Tracking
– ADAS
– Optimization
– Fuel Cards
– Automatic Vehicle Identification
By Connectivity
– Short Range
– Long Range
By Operation
– Private
– Commercial
By Region
– North America
o U.S.
o Canada
o Mexico
– Europe
o Germany
o France
o Italy
o UK
o Rest of Europe
– Asia-Pacific
o China
o India
o Japan
o South Korea
o Rest of Asia-Pacific
– LAMEA
o Latin America
o Middle East
o Africa
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- Precise examination of regional and country-specific sales opportunities in the market.
- In-depth analysis of current and emerging market trends, offering valuable intelligence.
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