Global IoT Fleet Management Market Size, Manufacturers, Supply Chain, Sales Channel and Clients, 2022-2028

The global IoT Fleet Management market is projected to reach US$ 32430 million by 2028 from an estimated US$ 10330 million in 2022, at a CAGR of 21.0% during 2023 and 2028.Fleet management is a  function that allows companies relying on transportation in business to minimize or reduce risks related to vehicle investment, supply chain management, government legislation, etc. Key drivers of the market growth include the increasing integration of vehicles with electronic devices and the rising acceptance of transport companies of smart equipment for fleet management.

The IoT Fleet Management Market will progress rapidly as IoT is transforming fleet management with the ability to connect vehicles and capture a wide range of data about vehicle performance, route, passengers, and cargo.  Increasing demand and huge benefits offered by IoT technology with respect to cost, efficiency, manageability, visibility, and asset security are also fuelling the growth of the market.

Rising government regulations and initiatives in intelligent transportation systems have promoted the development and integration of vehicular-connected technologies and increased usage of IoT technology across the entire fleet management sector. Additionally, increased emphasis on low energy consumption, lower emissions, and risk-free operations have also boosted the usage of IoT fleet management. The adoption of IoT technology enables access to real-time information allowing operators to make informed decisions regarding cost and management. Thus, widespread usage and government initiatives will drive the growth of the IoT Fleet Management Market during the forecast period.

Huge benefits of IoT technology provide lucrative opportunities for the growth of the market

IoT technology provides a range of benefits related to cost, manageability, visibility, and asset security creating huge scope for the growth of the IoT Fleet Management Market during the forecast period. Fleet management can cost owners millions of dollars whereas IoT technology can help detect and reduce the inefficiencies before they get too expensive. IoT can also help managers track and manage drivers, passenger count, optimize ticketing and surveillance systems and allow visibility inside the vehicle. Video feeds can be stored for driver coaching or during accidents and litigation. Such benefits provide ample opportunities for the growth of the market.

The rise in cloud-based fleet solutions will further propel the growth of the market

Fleet owners are always on the lookout for better operational efficiency and cost-effective fleet management. This is giving rise to increased adoption of cloud-based fleet solutions for infrastructure management, smart tracking, and scalability of IT systems for monitoring fleet vehicles operating in remote areas. Growing demand for easy, fast, and complex free cloud solutions by both big and small operators will drive the growth of the IoT fleet management market during the forecast period.

Usage in the supply chain, asset, and cargo management will expand the growth of the market

IoT plays a major role in the supply chain and cargo management as temperature control, vibration sensors, and surveillance ensure that the cargo is secure during transportation. Items such as food, perishables, and medications can stay fresh due to smart temperature monitoring, and with sensors, cameras tracking the inside and outside of the vehicle the safety and security of the cargo can be ensured along with careful monitoring of fragile foods so that they don’t break during transportation. Thus, the heavy usage of IoT technology in the supply chain and cargo management will further propel the growth of the IoT Fleet Management Market during the forecast period.

Global IoT Fleet Management Market Share Analysis

Based on region,  North America is expected to hold the largest IoT Fleet Management Market share with a share of about 35% during the forecast period due to the rising adoption of advanced technological products, increasing sales of IoT-based fleet vehicles, and rising regulatory developments of the government.

Based on type, commercial vehicles are expected to be the most lucrative segment in the IoT Fleet Management Market during the forecast period due to increased usage of IoT-based solutions in commercial vehicles for helpful tracking and monitoring of vehicle location, the status of cargo, and driver behavior and performance.

Based on application, the routing segment is expected to hold the largest IoT Fleet Management Market share during the forecast period due to increasing investments in R&D activities for developing innovative products, rising global road freight traffic, and continuous innovation of fleet companies to provide the shortest and less crowded route to reduce overtime costs.

Global IoT Fleet Management's main players are Trimble, Omnitracs, Fleetmatics (Verizon), AT&T, etc. Top four companies hold a share above 45%.

List of Tables

Table 1. Global IoT Fleet Management Market Size Growth Rate by Type (US$ Million): 2017 VS 2021 VS 2028

Table 2. Major Companies of Passenger Vehicles

Table 3. Major Companies of Commercial Vehicles

Table 4. Global IoT Fleet Management Market Size Growth by Application (US$ Million): 2017 VS 2021 VS 2028

Table 5. Global IoT Fleet Management Market Size by Region (US$ Million): 2022 VS 2028

Table 6. Global IoT Fleet Management Revenue by Region (2017-2022) & (US$ Million)

Table 7. Global IoT Fleet Management Revenue Forecast by Region (2023-2028) & (US$ Million)

Table 8. IoT Fleet Management Revenue by Company (2017-2022) & (US$ Million)

Table 9. IoT Fleet Management Revenue Share by Company (2017-2022)

Table 10. Ranking of Global Top IoT Fleet Management Players by Revenue (US$ Million) in 2021

Table 11. Global IoT Fleet Management Companies Market Concentration Ratio (CR5 and HHI) & (2017-2022)

Table 12. Global IoT Fleet Management by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in IoT Fleet Management as of 2021)

Table 13. Global IoT Fleet Management Companies Headquarters

Table 14. Global IoT Fleet Management Companies Product & Service

Table 15. Date of International Companies Enter into IoT Fleet Management Market

Table 16. Global IoT Fleet Management Mergers & Acquisitions, Expansion Plans

Table 17. Trimble Corporation Information

Table 18. Trimble Description and Business Overview

Table 19. Trimble IoT Fleet Management Revenue (US$ Million) and Gross Margin (2017-2022)

Table 20. Trimble IoT Fleet Management Product

Table 21. Trimble IoT Fleet Management Revenue Proportion of IoT Fleet Management by Product in 2021

Table 22. Trimble IoT Fleet Management Revenue Proportion of IoT Fleet Management by Application in 2021

Table 23. Trimble IoT Fleet Management Revenue Proportion of IoT Fleet Management by Geographic Area in 2021

Table 24. Trimble Recent Development

Table 25. Omnitracs Corporation Information

Table 26. Omnitracs Description and Business Overview

Table 27. Omnitracs IoT Fleet Management Revenue (US$ Million) and Gross Margin (2017-2022)

Table 28. Omnitracs IoT Fleet Management Product

Table 29. Omnitracs IoT Fleet Management Revenue Proportion of IoT Fleet Management by Product in 2021

Table 30. Omnitracs IoT Fleet Management Revenue Proportion of IoT Fleet Management by Application in 2021

Table 31. Omnitracs IoT Fleet Management Revenue Proportion of IoT Fleet Management by Geographic Area in 2021

Table 32. Omnitracs Recent Development

Table 33. Fleetmatics (Verizon) Corporation Information

Table 34. Fleetmatics (Verizon) Description and Business Overview

Table 35. Fleetmatics (Verizon) IoT Fleet Management Revenue (US$ Million) and Gross Margin (2017-2022)

Table 36. Fleetmatics (Verizon) IoT Fleet Management Product

Table 37. Fleetmatics (Verizon) IoT Fleet Management Revenue Proportion of IoT Fleet Management by Product in 2021

Table 38. Fleetmatics (Verizon) IoT Fleet Management Revenue Proportion of IoT Fleet Management by Application in 2021

Table 39. Fleetmatics (Verizon) IoT Fleet Management Revenue Proportion of IoT Fleet Management by Geographic Area in 2021

Table 40. Fleetmatics (Verizon) Recent Development

Table 41. AT&T Corporation Information

Table 42. AT&T Description and Business Overview

Table 43. AT&T IoT Fleet Management Revenue (US$ Million) and Gross Margin (2017-2022)

Table 44. AT&T IoT Fleet Management Product

Table 45. AT&T IoT Fleet Management Revenue Proportion of IoT Fleet Management by Product in 2021

Table 46. AT&T IoT Fleet Management Revenue Proportion of IoT Fleet Management by Application in 2021

Table 47. AT&T IoT Fleet Management Revenue Proportion of IoT Fleet Management by Geographic Area in 2021

Table 48. AT&T Recent Development

Table 49. IBM Corporation Information

Table 50. IBM Description and Business Overview

Table 51. IBM IoT Fleet Management Revenue (US$ Million) and Gross Margin (2017-2022)

Table 52. IBM IoT Fleet Management Product

Table 53. IBM IoT Fleet Management Revenue Proportion of IoT Fleet Management by Product in 2021

Table 54. IBM IoT Fleet Management Revenue Proportion of IoT Fleet Management by Application in 2021

Table 55. IBM IoT Fleet Management Revenue Proportion of IoT Fleet Management by Geographic Area in 2021

Table 56. IBM Recent Development

Table 57. Teletrac Navman Corporation Information

Table 58. Teletrac Navman Description and Business Overview

Table 59. Teletrac Navman IoT Fleet Management Revenue (US$ Million) and Gross Margin (2017-2022)

Table 60. Teletrac Navman IoT Fleet Management Product

Table 61. Teletrac Navman IoT Fleet Management Revenue Proportion of IoT Fleet Management by Product in 2021

Table 62. Teletrac Navman IoT Fleet Management Revenue Proportion of IoT Fleet Management by Application in 2021

Table 63. Teletrac Navman IoT Fleet Management Revenue Proportion of IoT Fleet Management by Geographic Area in 2021

Table 64. TomTom Corporation Information

Table 65. TomTom Description and Business Overview

Table 66. TomTom IoT Fleet Management Revenue (US$ Million) and Gross Margin (2017-2022)

Table 67. TomTom IoT Fleet Management Product

Table 68. TomTom IoT Fleet Management Revenue Proportion of IoT Fleet Management by Product in 2021

Table 69. TomTom IoT Fleet Management Revenue Proportion of IoT Fleet Management by Application in 2021

Table 70. TomTom IoT Fleet Management Revenue Proportion of IoT Fleet Management by Geographic Area in 2021

Table 71. Oracle Corporation Information

Table 72. Oracle Description and Business Overview

Table 73. Oracle IoT Fleet Management Revenue (US$ Million) and Gross Margin (2017-2022)

Table 74. Oracle IoT Fleet Management Product

Table 75. Oracle IoT Fleet Management Revenue Proportion of IoT Fleet Management by Product in 2021

Table 76. Oracle IoT Fleet Management Revenue Proportion of IoT Fleet Management by Application in 2021

Table 77. Oracle IoT Fleet Management Revenue Proportion of IoT Fleet Management by Geographic Area in 2021

Table 78. Intel Corporation Information

Table 79. Intel Description and Business Overview

Table 80. Intel IoT Fleet Management Revenue (US$ Million) and Gross Margin (2017-2022)

Table 81. Intel IoT Fleet Management Product

Table 82. Intel IoT Fleet Management Revenue Proportion of IoT Fleet Management by Product in 2021

Table 83. Intel IoT Fleet Management Revenue Proportion of IoT Fleet Management by Application in 2021

Table 84. Intel IoT Fleet Management Revenue Proportion of IoT Fleet Management by Geographic Area in 2021

Table 85. Cisco Systems Corporation Information

Table 86. Cisco Systems Description and Business Overview

Table 87. Cisco Systems IoT Fleet Management Revenue (US$ Million) and Gross Margin (2017-2022)

Table 88. Cisco Systems IoT Fleet Management Product

Table 89. Cisco Systems IoT Fleet Management Revenue Proportion of IoT Fleet Management by Product in 2021

Table 90. Cisco Systems IoT Fleet Management Revenue Proportion of IoT Fleet Management by Application in 2021

Table 91. Cisco Systems IoT Fleet Management Revenue Proportion of IoT Fleet Management by Geographic Area in 2021

Table 92. Sierra Wireless Corporation Information

Table 93. Sierra Wireless Description and Business Overview

Table 94. Sierra Wireless IoT Fleet Management Revenue (US$ Million) and Gross Margin (2017-2022)

Table 95. Sierra Wireless IoT Fleet Management Product

Table 96. Sierra Wireless IoT Fleet Management Revenue Proportion of IoT Fleet Management by Product in 2021

Table 97. Sierra Wireless IoT Fleet Management Revenue Proportion of IoT Fleet Management by Application in 2021

Table 98. Sierra Wireless IoT Fleet Management Revenue Proportion of IoT Fleet Management by Geographic Area in 2021

Table 99. Global IoT Fleet Management Revenue by Type (2017-2022) & (US$ Million)

Table 100. Global IoT Fleet Management Revenue by Application (2017-2022) & (US$ Million)

Table 101. Global IoT Fleet Management Revenue Forecast by Application (2023-2028) & (US$ Million)

Table 102. North America IoT Fleet Management Revenue by Country (2017-2022) & (US$ Million)

Table 103. North America IoT Fleet Management Revenue by Country (2023-2028) & (US$ Million)

Table 104. North America IoT Fleet Management Revenue by Type (2017-2022) & (US$ Million)

Table 105. North America IoT Fleet Management Revenue by Application (2017-2022) & (US$ Million)

Table 106. Asia-Pacific IoT Fleet Management Revenue by Region (2017-2028) & (US$ Million)

Table 107. Asia-Pacific IoT Fleet Management Revenue by Region (2023-2028) & (US$ Million)

Table 108. Asia-Pacific IoT Fleet Management Revenue by Type (2017-2022) & (US$ Million)

Table 109. Asia-Pacific IoT Fleet Management Revenue by Application (2017-2022) & (US$ Million)

Table 110. Europe IoT Fleet Management Revenue by Country (2017-2022) & (US$ Million)

Table 111. Europe IoT Fleet Management Revenue by Country (2023-2028) & (US$ Million)

Table 112. Europe IoT Fleet Management Revenue by Type (2017-2022) & (US$ Million)

Table 113. Europe IoT Fleet Management Revenue by Application (2017-2022) & (US$ Million)

Table 114. Latin America IoT Fleet Management Revenue by Country (2017-2022) & (US$ Million)

Table 115. Latin America IoT Fleet Management Revenue by Country (2023-2028) & (US$ Million)

Table 116. Latin America IoT Fleet Management Revenue by Type (2017-2022) & (US$ Million)

Table 117. Latin America IoT Fleet Management Revenue by Application (2017-2022) & (US$ Million)

Table 118. Middle East and Africa IoT Fleet Management Revenue by Country (2017-2022) & (US$ Million)

Table 119. Middle East and Africa IoT Fleet Management Revenue by Country (2023-2028) & (US$ Million)

Table 120. Middle East and Africa IoT Fleet Management Revenue by Type (2017-2022) & (US$ Million)

Table 121. Middle East and Africa IoT Fleet Management Revenue by Application (2017-2022) & (US$ Million)

Table 122. IoT Fleet Management Key Raw Materials, Industry Status and Trend

Table 123. IoT Fleet Management Key Raw Materials and Upstream Suppliers

Table 124. IoT Fleet Management Clients Status and Trend

Table 125. IoT Fleet Management Typical Clients

Table 126. IoT Fleet Management Distributors

Table 127. IoT Fleet Management Market Trends

Table 128. IoT Fleet Management Market Drivers

Table 129. IoT Fleet Management Market Challenges

Table 130. IoT Fleet Management Market Restraints

Table 131. Research Programs/Design for This Report

Table 132. Key Data Information from Secondary Sources

Table 133. Key Data Information from Primary Sources

List of Figures

Figure 1. IoT Fleet Management Product Picture

Figure 2. Global IoT Fleet Management Revenue Market Share by Type in 2021 & 2028

Figure 3. Passenger Vehicles Product Picture

Figure 4. Commercial Vehicles Product Picture

Figure 5. Global IoT Fleet Management Revenue Market Share by Application in 2021 & 2028

Figure 6. Routing Management

Figure 7. Tracking and Monitoring

Figure 8. Fuel Management

Figure 9. Remote Diagnostics

Figure 10. Others

Figure 11. IoT Fleet Management Report Years Considered

Figure 12. Global IoT Fleet Management Revenue, (US$ Million), 2017 VS 2021 VS 2028

Figure 13. Global IoT Fleet Management Market Size 2017-2028 (US$ Million)

Figure 14. Global IoT Fleet Management Market Size Market Share by Region: 2022 Versus 2028

Figure 15. Global IoT Fleet Management Revenue Market Share by Region (2017-2028)

Figure 16. IoT Fleet Management Market Share by Company Type (Tier 1, Tier 2 and Tier 3): 2017 VS 2021

Figure 17. Global IoT Fleet Management Revenue Market Share Forecast by Type (2017-2028)

Figure 18. Global IoT Fleet Management Revenue Market Share Forecast by Application (2017-2028)

Figure 19. North America IoT Fleet Management Revenue 2017-2028 (US$ Million)

Figure 20. North America IoT Fleet Management Revenue Market Share by Type (2017-2022)

Figure 21. North America IoT Fleet Management Revenue Market Share by Application (2017-2022)

Figure 22. Asia-Pacific IoT Fleet Management Revenue 2017-2028 (US$ Million)

Figure 23. Asia-Pacific IoT Fleet Management Revenue Market Share by Region (2017-2028)

Figure 24. Asia-Pacific IoT Fleet Management Revenue Market Share by Type (2017-2022)

Figure 25. Asia-Pacific IoT Fleet Management Revenue Market Share by Application (2017-2022)

Figure 26. Europe IoT Fleet Management Revenue Growth Rate 2017-2028 (US$ Million)

Figure 27. Europe IoT Fleet Management Revenue Market Share by Country (2017-2028)

Figure 28. Europe IoT Fleet Management Revenue Market Share by Type (2017-2022)

Figure 29. Europe IoT Fleet Management Revenue Market Share by Application (2017-2022)

Figure 30. Latin America IoT Fleet Management Revenue Growth Rate 2017-2028 (US$ Million)

Figure 31. Latin America IoT Fleet Management Revenue Market Share by Country (2017-2022)

Figure 32. Latin America IoT Fleet Management Revenue Market Share by Type (2017-2022)

Figure 33. Latin America IoT Fleet Management Revenue Market Share by Application (2017-2022)

Figure 34. Middle East and Africa IoT Fleet Management Revenue Growth Rate 2017-2028 (US$ Million)

Figure 35. Middle East and Africa IoT Fleet Management Revenue Market Share by Country (2017-2028)

Figure 36. Middle East and Africa IoT Fleet Management Revenue Market Share by Type (2017-2022)

Figure 37. Middle East and Africa IoT Fleet Management Revenue Market Share by Application (2017-2022)

Figure 38. IoT Fleet Management Supply Chain (Upstream and Downstream Market)

Figure 39. Global Production Market Share of IoT Fleet Management Raw Materials by Region in 2021

Figure 40. IoT Fleet Management Distribution Channels

Figure 41. Global IoT Fleet Management Percentage 2017-2028: Indirect Sales VS Direct Sales

Figure 42. Global IoT Fleet Management Percentage 2017-2028: Online Sales VS Offline Sales

Figure 43. Bottom-up and Top-down Approaches for This Report

Figure 44. Data Triangulation

Figure 45. Key Executives Interviewed