Press release
IoT Fleet Management Market Rising Demand, Evolving Trends, Future Perspectives, Size, Share And Forecast To 2033
IoT Fleet Management Market
According to The Business Research Company's, The IoT fleet management market size has grown rapidly in recent years. It will grow from $6.89 billion in 2023 to $7.96 billion in 2024 at a compound annual growth rate (CAGR) of 15.5%. The growth in the historic period can be attributed to regulatory compliance requirements, rising fuel costs, demand for operational efficiency, and increasing focus on safety and security.
The IoT fleet management market size is expected to see rapid growth in the next few years. It will grow to $14.32 billion in 2028 at a compound annual growth rate (CAGR) of 15.8%. The growth in the forecast period can be attributed to integration with autonomous vehicles, expansion of e-commerce and last-mile delivery, adoption of predictive analytics, demand for sustainable transportation, and emergence of 5G connectivity. Major trends in the forecast period include integration with advanced analytics, rapid adoption of telematics solutions, technological advancement, focus on cybersecurity, and shift towards predictive maintenance.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/iot-fleet-management-global-market-report
Market Drivers and Trends:
Rising fleet vehicle sales are expected to propel the growth of the IoT fleet management market going forward. Fleet vehicles are a collection of automobiles owned or leased by a company or organization for business purposes, such as transportation, delivery, or service operations. Rising fleet vehicle sales bolster fleet management by allowing fleet managers to collect real-time data on vehicle health, fuel usage, road behavior, and maintenance needs. This data provides for optimized route planning, predictive maintenance, and improved asset utilization. For instance, in January 2024, according to the Society of Motor Manufacturers and Traders (SMMT), a UK-based trade association for the motor industry, in 2023, Britain witnessed a remarkable 21.0% increase in new light commercial vehicle (LCV) registrations, reflecting a significant investment by businesses and fleets in 341,455 vehicles crucial to the UK economy. This surge in registrations also marked a record uptake of battery electric vans (BEVs), with 20,253 units registered, mirroring the overall 21.0% rise. Therefore, rising fleet vehicle sales are driving the IoT fleet management market.
Major companies operating in the IoT fleet management market are focused on developing advanced solutions such as AI-powered fleet management systems, to enhance efficiency, improve safety, and optimize operations for fleet owners. These systems provide advanced functionalities aimed at enhancing fleet operations, increasing efficacy, and cutting costs, rendering them a valuable asset for companies in the process of adopting electric vehicles. For instance, in August 2021, eBikeGo, an India-based electric bike and scooter manufacturer, launched EBG-Matics an AI-driven telematics solution tailored for fleet management, alongside an innovative IoT system integrated with mobility to elevate the effectiveness and intelligence of e-fleets within the electric vehicle realm. The platform provides contemporary vehicle tracking capabilities, including position tracking, speed assessment, and range prediction within vehicle tracking modules.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=14738&type=smp
Major Key Players of the Market:
Verizon Communications Inc, AT&T Inc, Intel Corporation, International Business Machines Corporation (IBM), Cisco Systems Inc, Oracle Corporation, Telefonica S.A, Northrop Grumman Corporation, Honeywell International Inc, Webfleet Solutions (Bridgestone Mobility Solutions B.V.), Telefonaktiebolaget LM Ericsson, Trimble Inc, Viasat Inc, Sierra Wireless Inc, Geotab Inc, TomTom International B.V, Omnitracs LLC, CalAmp Corp, KORE Wireless Group Inc, Teletrac Navman US Ltd, Inseego Corp, HydraForce Inc, Telit Communications PLC, Aeris Communications Inc, Gurtam, Fleet Complete, Vnomics Corp, Particle Industries Inc, Simon IoT LLC, Monogoto Ltd
IoT Fleet Management Market 2024 Key Insights:
• The IoT fleet management market size is expected to see rapid growth in the next few years. It will grow to $14.32 billion in 2028 at a compound annual growth rate (CAGR) of 15.8%.
• Rising Fleet Vehicle Sales Driving Growth Of IoT Fleet Management Market
• Technological Advancements Enhanced IoT Fleet Management Market Growth
• North America was the largest region in the IoT fleet management market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=14738&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release IoT Fleet Management Market Rising Demand, Evolving Trends, Future Perspectives, Size, Share And Forecast To 2033 here
News-ID: 3690666 • Views: …
More Releases from The Business Research Company
Unlocking Opportunities in the Wound Debridement Market: 2025-2034 Forecast Repo …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Wound Debridement Industry Market Size Be by 2025?
The market for wound debridement has seen robust growth in the past few years. The market size is projected to enhance from $5.21 billion in 2024 to $5.49 billion in 2025, with a compound annual growth rate (CAGR)…
Transformative Trends Impacting the Sterilization Equipment Market Landscape: St …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Sterilization Equipment Market Size By 2025?
The market size for sterilization equipment has witnessed robust growth recently. The market is expected to expand from a value of $13.25 billion in 2024 to $14.56 billion in 2025, with a compound annual growth rate (CAGR) of 9.9%.…
Rising Demand For Personalized Medicine Drives Rna Analysis Market Growth: Pivot …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
RNA Analysis/ Transcriptomics Market Size Growth Forecast: What to Expect by 2025?
In recent times, there has been a notable expansion in the size of the rna analysis/ transcriptomics market. This market is projected to increase from $7.72 billion in 2024 to $8.74 billion the following year, with a…
Orthopedic Regenerative Surgical Products Market Expansion Continues, with Forec …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Orthopedic Regenerative Surgical Products Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for orthopedic regenerative surgical products has seen robust growth in the past few years. The market, which was valued at $4.54 billion in 2024, is projected to grow to $4.88…
More Releases for IoT
2025 IoT Solutions World Congress Highlights IoT Innovations
Barcelona, Spain - The 2025 IoT Solutions World Congress, held May 13-15 in Barcelona, concluded successfully, reinforcing its role as a leading platform for IoT advancements. The event attracted global industry leaders to explore technologies like Industrial router [https://www.waveteliot.com/] switches, industrial cellular routers, and industrial 5G routers.
Image: https://www.abnewswire.com/upload/2025/10/926ea6e064576338c31876d9971814c3.jpg
Event HighlightsIndustry Solutions Awards
The awards honored transformative solutions, spotlighting innovations in industrial 4G/LTE routers and mobile router industrial applications.
STEM Women Congress
A dedicated day…
IOT Adoption Drives IoT insurance Market Growth: Pivotal Factor Influencing IoT …
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.
IoT Insurance Market Size Growth Forecast: What to Expect by 2025?
The market size of Internet of Things (IoT) insurance has seen an explosive growth in the past few years. It is projected to rise from $100.02 billion in 2024 to a staggering $153.89 billion in 2025, experiencing a compound annual growth rate (CAGR)…
Narrowband IoT (NB-IoT) Market Advancements in NB-IoT Connectivity Management Pl …
Numerous factor such as due to rapid development in IoT industry and rising demand of new cellular communication technology which are integrated to IoT low power wide area applications drives the growth of the market globally. moreover, increasing demand for navigation, telematics and in-car infotainment services in automotive & transportation industry is fueling the market of NB-IoT globally. However, licensing costs of NB-IoT are hindering the growth of narrowband-…
IoT Edge Computing Software Market 2023 | SAS, IBM, EdgeIQ, AWS, Azure IoT Edge, …
Market Overview -
The information made available in the IoT Edge Computing Software report will definitely facilitate to increase the knowledge and decision-making skills of the business, thus providing an immense opportunity for growth. This will at last increase the return rate and drive the competitive edge within. Being a custom market report, it provides services tailored to the exact challenge. Whether it is survey work, in-depth interviewing, or…
IoT Cloud Market Next Big Thing | Major Giants Oracle, AWS IOT, IBM Watson IoT, …
COVID-19 Outbreak-Global IoT Cloud Industry Market Report-Development Trends, Threats, Opportunities and Competitive Landscape in 2020 is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing investment structure of the COVID-19 Outbreak-Global IoT Cloud Market. Some of the key players profiled…
Blockchain In IOT Market Business Growth Statistics And Key Players Insights Blo …
Research N Report has released a new report on the “global Blockchain in IOT Market”. This report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely scenarios. Each research report serves as a repository of analysis and information for every side of the market.
"Blockchain in Internet…
