Global Top 2 Companies Accounted for 13% of total IoT Fleet Management market (QYResearch, 2021)

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Global Market Research Report
A fleet management system is formed by the
integration of hardware, software, and
communication technologies. It provides a
platform to fleet operators to efficiently
control, track, and monitor commercial vehicles.
They improve the overall operational efficiency
by reducing the non-value-added activities of the
operators. Fuel cards are used for fuel
management while driver safety systems monitor
driver behavior. Other solutions are employed
for locational tracking of vehicles, driver
navigation assistance, and ensuring that the
operators meet the regulatory standards set by
their respective national governments.
The Internet of Things (IoT) helps in smooth
connectivity of all the vehicles in a fleet,
which not only helps to gain better insight into
the driver's behavior but also assists in
monitoring the health of the fleet from any
device. Rising demand for fleet safety and data
management coupled with the growing need to
reduce the total cost of ownership (TCO) and
achieve fuel efficiency are anticipated to drive
the adoption of IoT technology in fleet
management systems.
According to the new market research report
Global IoT Fleet Management Market Report 2023-
2029, published by QYResearch, the global IoT
Fleet Management market size is projected to
reach USD 44.79 billion by 2029, at a CAGR of
22.7 during the forecast period.
Figure. Global IoT Fleet Management Market Size
(US Million), 2018-2029
Based on or includes research from QYResearch
Global IoT Fleet Management Market Report
2023-2029.
Copyright QYResearch global_at_qyresearch.com
www.qyresearch.com
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Global Market Research Report
Figure. Global IoT Fleet Management Top 2 Players
Ranking and Market Share(Based on data of 2021,
Continually updated) Major Companies Ranking by
Revenue
Verizon
ATT
Based on or includes research from QYResearch
2021 data information of Global IoT Fleet
Management Market Report 2023-2029.
The global key manufacturers of IoT Fleet
Management include Verizon, ATT, etc. In 2020,
the global top two players had a share
approximately 13.0 in terms of revenue.
Copyright QYResearch global_at_qyresearch.com
www.qyresearch.com
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Global Market Research Report
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