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IoT Fleet Management Market Size to Reach USD 17.500 Billion by 2025 - Valuates Reports
This report covers a chapter on COVID-19 impacts in the IoT Fleet Management Market.
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The Global Fleet Management Market size is expected to reach USD 34.629 Billion by 2022, from USD 7.755 Billion in 2015, growing at a CAGR of 24.5% from 2016 to 2022.
Growth in the adoption of wireless technology, the compulsory incorporation of ELD, the need for operational skills in fleet management, and the increase in international trading are the main factors that drive the growth of the fleet market size.
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The global smart fleet management market size is expected to grow from USD 255.523 Billion in 2018 to USD 483.526 Billion by the end of 2025 at a 9.53 percent Compound Annual Growth Rate ( CAGR).
The factors attributable to the growth of smart fleet management market size are the need for high-speed real-time fleet monitoring system, enhanced vehicle monitoring coupled with fuel management, better driver and vehicle safety, and cloud-based smart fleet management technology adoption.
However, other factors, such as security and safety-related issues, can hinder the market growth.
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This report studies the size of the Automotive Fleet Management market by players, regions, product types and end industries, history data for 2014-2018 and forecast data for 2019-2025; this report also studies the global competition landscape, market drivers and trends, opportunities and challenges, risks and barriers to entry, sales channels, distributors and Porter's Five Forces Analysis.
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This report focuses on the status of global fleet management software, future forecasting, opportunities for growth, key market, and key players. The objective of the study is to present the development of Fleet Management Software in North America , Europe , China , Japan , Southeast Asia , India , and Central & South America .
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The Waste Collection Fleet Management Software is ideal for multiple applications in the management and maintenance of fleets. It allows vehicle maintenance, as well as fuel management, simplification of fuel data, and cost awareness.
The Waste Collection Fleet Management Software market is segmented into North America , Europe , China , Japan , Southeast Asia , India , and Central & South America .
The Asia Pacific has a large population providing significant growth potential for the Waste Collection Fleet Management Software market size. Based on the analysis Asia Pacific is the most lucrative region and is expected to grow at the highest CAGR during the forecast period.
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