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Smart Fleet Management Market Share

Report ID: GMI7429
Published Date: Nov 2023
Report Format: PDF

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Smart Fleet Management Market Share

Major companies operating in the smart fleet management industry are:

General Motors
Robert Bosch GmbH
Siemens
Cisco Systems
Continental AG
Denso Corporation
Avnet

General Motors holds the largest market share, the company offers integrated solutions that encompass a wide array of fleet management aspects, including vehicle tracking, maintenance monitoring, fuel management, and driver behavior analysis. The company's commitment to equipping their vehicles with advanced connectivity features, such as robust telematics systems, ensures real-time data availability—a crucial element in effective fleet management.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The size of smart fleet management reached USD 65.8 billion in 2022 and is set to grow at 7.8% CAGR from 2023 to 2032, attributed to the rising investments led by fleet tracking startups.

North America accounted for more than 30% of the market share in 2022, driven by the presence of advanced technological infrastructure.

The hardware segment is anticipated to generate substantial revenue by the end of 2032, owing to increasing usage in smart telematics devices to leverage advanced technologies for enhanced vehicle tracking, diagnostics, and connectivity.

Some of the top companies engaged in the industry are General Motors, Siemens, Robert Bosch GmbH, Cisco Systems, Continental AG, Denso Corporation, and Avnet.