North America Smart Fleet Management Market – Market Size, Strategic Growth Drivers, Risk Assessment Framework, Regulatory Landscape Review & Competitive Intensity Mapping
Overview
North America Smart Fleet Management Market is expected to reach US$ 88.6 Bn. by 2027, at a CAGR of 6.3% during the forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
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Smart fleet management is more than just tracking the locations of trucks within the field. It also includes keeping watch for activities as well as behaviour that may put drivers, or the reputation of company at risk. The fleet-tracking system provider are developed for an advanced driver monitoring system that will promote safe driving and introduce new parameters of value-added services to different customers. The GPS devices continuously collect raw data from the field vehicles that include driving behaviours such as rapid acceleration, speeding and hard braking. Once the data is collected, it is then wirelessly transmitted to the company headquarters delivering the service for future analysis.
The market for smart fleet management in North America is segmented into transportation, hardware, connectivity, solution and geography. Based on hardware, the market is classified into tracking optimization, ADAS and remote diagnostics. The ADAS or advanced driver assistance systems held the largest market share owing to its utility in monitoring and delivering real-time data to the drivers for properly driving the car. By connectivity, the short-range communication system is the largest segment. Increase in growth of traffic and rise in demand for monitoring of shorter distances to manage traffic jams have led the short-range segment hold the largest market share.
USA has been one of the most connected countries in the world that have high speed, affordability and availability in terms of broadband connection. With more than 74% of internet penetration in USA, government has made different policies to focus more on real-time monitoring of traffic and traffic related data.
North America has been a leading market for Smart Fleet Management globally and has been segmented on the basis of countries into US and Canada. The market for autonomous vehicle and travelling is increasing with more government investments coming to automate the monitoring of vehicles fleet across different states and countries. Fleet management software are used for easy in tracking and also organizing preventive repair maintenance information of fleet.
Key player’s studies, analyzed, profiled and benchmarked in North America Smart Fleet Management Market are Work Truck, Smart Fleet, Zonar Systems, Telematics, Focus, Wialon, GeoTab, Century Link, Onfleet, and Fleet Maintenance Pro.
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North America Smart Fleet Management Market, by Transportation:
• Automotive
• Rolling Stack
• Marine
North America Smart Fleet Management Market, by Hardware:
• Tracking
• Optimization
• ADAS
• Remote Diagnostics
North America Smart Fleet Management Market, by Connectivity:
• Short Range Communication
• Long Range Communication
• Cloud
North America Smart Fleet Management Market, by Solution:
• Vehicle Tracking
• Fleet Optimization
North America Smart Fleet Management Market, by Geography:
• US
• Canada
Key Players, North America Smart Fleet Management Market:
• Work Truck
• Smart Fleet
• Zonar Systems
• Telematics
• Focus
• Wialon
• GeoTab
• Century Link
• Onfleet
• Fleet Maintenance Pro