IoT Fleet Management Market by Platform, Services, Cloud Deployment, Solutions, Fleet Type, and Region -Global Forecast to 2021

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IoT Fleet Management Market by Platform,
Services, Cloud Deployment, Solutions, Fleet
Type, and Region - Global Forecast to 2021
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The IoT Fleet Management Market is projected to
grow at a CAGR of 21.26 during the forecast
period, to reach a market size of USD 8.28
billion by 2021. The growing demand for
operational efficiency, real-time fleet
monitoring, process automation, predictive
maintenance, and fleet analytics are some of the
key drivers for this market. The hybrid cloud
deployment model is expected to be the fastest
growing market during the forecast period. This
is due to its benefits such as easy
accessibility, higher flexibility, and data
implementation options at lower costs. The hybrid
model reduces the cloud risk by using cloud
bursting and disaster recovery architecture.
Also, the Fog computing concept is in the
initial stage and will have a positive impact on
the market in the coming years. PDF Brochure
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The device management platform is expected to
dominate the IoT fleet management market. It is
estimated to be the largest and fastest growing
market during the review period. It enables
device authentication, remote access, monitoring,
and troubleshooting and offers security features
against hacking and malware attacks. The OAuth
2.0 and OpenID Connect 1.0 are the authorization
models that enhance the device authentication
that works with IoT server. Also, the increased
use of personalized devices such as smartphones
and tablets will boost the market for device
management platform in IoT fleet management. The
managed services segment is estimated to grow at
the highest CAGR from 2016 to 2021. The factors
that contribute to the growth of this market are
continuously changing client needs, increasing
complexity of infrastructure, and reduced
maintenance cost. The advent of IoT brought a
paradigm shift in the fleet management industry
by handling multiple operations through a single
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The Americas region is estimated to dominate the
IoT fleet management market. The Americas market
is growing owing to the high adoption rate of
technologically advanced products, rigorous
regulatory compliances, and strong network
infrastructure (3G/4G or upcoming 5G
connectivity). The growing number of passenger
cars, public buses, and heavy trucks in the
Americas region would require the faster exchange
of data for better analytics and decision making.
Hence, IoT will help the fleet companies to cope
with government regulations related to emission
and fleet safety, which in turn would boost the
demand for the IoT fleet management market in
this region. Request for Sample
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Some of the key players in IoT fleet management
market include ATT, Inc. (U.S.), Cisco Systems,
Inc. (U.S.), Verizon Communications, Inc. (U.S.),
TomTom International BV ( Netherlands), Trimble,
Inc. (U.S.), IBM Corporation (U.S.), Omnitracs
(U.S.), Sierra Wireless (Canada), Intel
Corporation (U.S.), and Telefonica S.A. (Spain).
ATT, Inc. has adopted new product development
and collaboration strategies to retain its market
position. Cisco Systems, Inc. followed the
strategies of partnerships and acquisitions to
emerge as a prominent player in the market.
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