Future-Industry

  Fleet Management Market Overview  The global  fleet management market  is growing continually, mainly due to the growing demand for improved communication mediums, performance monitoring solutions, and vehicle safety & security. Besides, the growth in fleet operations, especially in emerging nations, and an increase in demand for electric vehicles, escalates market shares. Increasing mobile phones and GPS technology usages boosts the market demand. With increasing advances in communication technologies, the market is expected to touch significant heights in the next few years. In this regard, Market Research Future (MRFR) states that the global fleet management market is projected to gain exponential traction by 2027, growing at a colossal CAGR during the forecast period (2020-2027).  Additionally, developments in 3G/4G and 5G vehicle connectivity technologies fuel the market’s growth. Simultaneously, the penetration of autonomous and semi-autonomous vehicles and growth in cloud

  Smart Fleet Management Market Synopsis In its research report,  Market Research Future  (MRFR), highlights that the global  Smart Fleet Management Market  2022 is expected to grow exponentially over the review period, acquiring a substantial market valuation and a healthy CAGR over the review period. Market Highlights The demand for  smart fleet management  is expected to see substantial growth during the forecast period with the entire automotive industry pushing for greater fuel efficiency in automobiles combined with high speed networks. In addition, market growth is driven by the advent and incorporation of IoT and Information, Communication, & Technology ( ICT) into industries such as logistics, automobiles, and transport. One of the main factors driving the market share of  smart fleet management  is the increased demand for features such as incident detection, access control and speed limit enforcement with significant advanced safety and security features. In addition, ac