IoT Fleet Management Market - Global Industry Analysis

IoT Fleet Management Market by Platform (Device management and Application Enablement Platform (AEP)); by Services (Professional and Managed); by Solutions (Drive Time Analysis, Driver Information System, Fleet Analytics, Fuel Management, Remote Diagnostics, Routing Management, Tracking and Monitoring, and Vehicle Maintenance); by Cloud Deployment Model (Hybrid, Private, and Public); by Fleet Type (Commercial Vehicles (CV), Passenger Cars (PC), and Public Buses): Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016– 2024

Published Date: 15-Mar-2018 Category: Automotive Report Format : PDF Pages: 110 Report Code: ZMR-2701 Status : Published

Global IoT fleet management market is expected to reach USD 15,500 million by 2024, growing at a CAGR of more than 21.5% between 2017 and 2024.

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Description

Report Brief

The report covers the forecast and analysis for the IoT fleet management market on a global and regional level.
The report includes the positive and the negative factors that are influencing the growth of the market.
Market opportunities are discussed in detail.
The key target audience for the market has been determined in the report.
The revenue generated by the prominent industry players have been analyzed in the report.
The market numbers have been calculated using top-down and the bottom-up approaches.
The IoT fleet management market has been analyzed using Porter’s Five Forces Analysis.
The market is segmented on the basis of platform, services, solutions, cloud deployment model, and the fleet type which in turn bifurcated on a regional level as well.
All the segments have been evaluated based on the present and the future trends.
The report deals with the in-depth quantitative and qualitative analyses of the IoT fleet management market.
The report includes the detailed company profiles of the prominent market players.

Market Summary

Fleet management is a function that helps companies involved in transportation business to minimize or remove the risk associated with productivity, improves efficiency, vehicle investment, and also provides compliance with government legislation. Fleet management also helps to reduce the cost associated with transportation by optimizing cost and efficiency in fleet operations.

The integration of the IoT in the fleet management system aims at improving the business opportunities. IoT solutions in the fleet management will enhance the supply-chain visibility, process-chain monitoring, and much more.

Value

The global IoT fleet management market was valued at around USD 3,250 million in the year 2016 and it is expected to reach approximately USD 15,500 million by 2024. The global IoT fleet management market is expected to grow at a CAGR of over 21.5% between 2017 and 2024.

Drivers and Restraints

The major factor driving the growth of IoT fleet management market is the integration of smart devices with vehicles. The introduction of the IoT has made possible the automobiles to perfectly connect with the smart devices, thus making possible real-time traffic alerts and emergency roadside assistance. The integration of IoT with fleet management helps in remote diagnostics, fuel management, fleet analytics, routing management, tracking and monitoring, vehicle maintenance, drive time analysis, cost- and time-saving, and also fulfills the needs of the client. The increasing adoption of the smart devices by transportation companies is expected to propel the growth of IoT fleet management market over the forecast period.

Moreover, the increasing involvement of government by incorporating regulations on fleet safety and security is expected to propel the growth of the IoT fleet management market.

However, lack of IoT infrastructure in developing countries may hamper the growth of IoT fleet management market. Moreover, poor internet connectivity and lack of technically knowledgeable personnel are other factors that may negatively affect the growth of the market over the forecast period

Global IoT Fleet Management Market

Segmentation

The device management platform contributed the major share of 39.59% in the IoT fleet management market in 2017 and is expected to keep its dominance over the forecast period. The device management platform gives the facility of remote access, device confirmation, and offers security highlights against malware assaults and hacking.

The professional and managed services are the two major type of services included in the IoT fleet management market. The professional services are expected to register the highest CAGR growth during the forecast period owing to its ability to manage both the operational and service cost of the organization. The professional services help in understanding the company requirements, technical goals, challenges, and it also provides support for developing new products.

The routing management segment is estimated to register the highest CAGR of 23% between 2017 and 2024. Constant R&D activities for developing new products and the growing road freight traffic are factors that are contributing to the growth of the segment. The routing management solutions help the fleet providers in planning and monitoring their travel routes which help them in cost-saving owing to which its popularity is increasing in the global market.

The hybrid, private, and public are the three type of cloud deployment model for IoT fleet management. Among them, hybrid deployment model is estimated to contribute the major share in the global market by cloud deployment model type. The hybrid cloud environment comprises of both public and private cloud deployment models which give the flexibility to choose appropriate deployment model as per the consumers need. Thus there is an increasing adoption of hybrid cloud deployment model by the enterprises as it provides security and scalability.

Commercial vehicles (CV) fleet is estimated to register high CAGR during the forecast period. IoT fleet management system is being widely utilized in the commercial vehicles as it helps in monitoring and tracking of the vehicles by providing real-time information about the vehicle, driver, and traffic. Thus the safety and security of the vehicles and the goods that are being transported increases proving beneficial to the business.

The Asia Pacific is estimated to register the highest CAGR growth during the forecasted period. Increasing opportunities in the transport business owing to the flourishing e-commerce market triggers the growth of the IoT fleet management market in the Asia Pacific. North America and Europe are having a significant share in the IoT fleet management market. Availability of the advanced network infrastructure and the growing sales of the commercial vehicles are factors contributing to the growth of the market in these regions.

Industry Players

The report includes detailed profiles of the prominent market players that are trending in the market. The list of the players that are compiled in the report is Verizon Communications, Inc., Cisco Systems, Inc., AT&T, Inc., Trimble Inc., Tomtom International BV, International Business Machines Corp., Telefónica, S.A., Sierra Wireless, Inc., Intel Corporation, and Omnitracs, among others.

The increasing partnership and collaboration between key players of the IoT fleet management are expected to generate immense opportunity for the global market. For instance, in December 2017, Wex Inc. had announced Three-Year Fleet Card Contract with Verizon.

Table Of Content

Chapter 1. Introduction
- 1.1. Report description and scope
- 1.2. Research scope
- 1.3. Research methodology
  - 1.3.1. Market research process
  - 1.3.2. Market research methodology
Chapter 2. Executive Summary
- 2.1. Global IoT Fleet Management market, 2016 - 2024 (USD Million)
- 2.2. Global IoT Fleet Management market: Snapshot
Chapter 3. IoT Fleet Management- Market Dynamics
- 3.1. Introduction
- 3.2. Market drivers
  - 3.2.1. Global IoT Fleet Management market drivers: Impact analysis
  - 3.2.2. Integration of smart devices with vehicles
  - 3.2.3. Upcoming regulations on fleet safety and security
- 3.3. Market Restraints
  - 3.3.1. Global IoT Fleet Management market restraints: Impact analysis
  - 3.3.2. Lack of IoT infrastructure developing countries
- 3.4. Opportunities
  - 3.4.1. Cloud and Fog Computing Analytics
- 3.5. Porter's five forces analysis
  - 3.5.1. Bargaining power of suppliers
  - 3.5.2. Bargaining power of buyers
  - 3.5.3. The threat of new entrants
  - 3.5.4. The threat of new substitutes
  - 3.5.5. Degree of competition
- 3.6. Market attractiveness analysis
  - 3.6.1. Market attractiveness analysis, by Platform segment
  - 3.6.2. Market attractiveness analysis, by Services segment
  - 3.6.3. Market attractiveness analysis, by Solutions segment
  - 3.6.4. Market attractiveness analysis, by Cloud Deployment Model segment
  - 3.6.5. Market attractiveness analysis, by Fleet Type segment
  - 3.6.6. Market attractiveness analysis, by regional segment
Chapter 4. Global IoT Fleet Management market - Competitive Landscape
- 4.1. Company Market Share Analysis
  - 4.1.1. Global IoT Fleet Management market: company market share, 2016
- 4.2. Strategic Development
  - 4.2.1. Acquisitions & Mergers
  - 4.2.2. New tool Launch
  - 4.2.3. Agreements, Partnerships, Collaborations and Joint Ventures
  - 4.2.4. Research and Development, Product and Regional Expansion
- 4.3. Technology Portfolio
Chapter 5. Global IoT Fleet Management market - Platform Segment Analysis
- 5.1. Global IoT Fleet Management market: Platform type overview
  - 5.1.1. Global IoT Fleet Management market revenue share, by Platform, 2017 and 2024
- 5.2. Device management
  - 5.2.1. Global Device management Market, 2016 - 2024 (USD Million)
- 5.3. Application Enablement Platform (AEP)
  - 5.3.1. Global Application Enablement Platform (AEP) Market, 2016 - 2024 (USD Million)
- 5.4. Network management
  - 5.4.1. Global Network management Market , 2016 - 2024(USD Million)
Chapter 6. Global IoT Fleet Management market - Services Segment Analysis
- 6.1. Global IoT Fleet Management market: Services overview
  - 6.1.1. Global IoT Fleet Management market revenue share, by Services, 2016 - 2024
- 6.2. Professional
  - 6.2.1. Global IoT Fleet Management market forProfessional, 2016 - 2024 (USD Million)
- 6.3. Managed
  - 6.3.1. Global IoT Fleet Management market forManaged, 2016 - 2024(USD Million)
Chapter 7. Global IoT Fleet Management market - Solutions Segment Analysis
- 7.1. Global IoT Fleet Management market: Solutions overview
  - 7.1.1. Global IoT Fleet Management market revenue share, by Solutions, 2017 and 2024
- 7.2. Drive Time Analysis
  - 7.2.1. Global IoT Fleet Management market forDrive Time Analysis , 2016 - 2024 (USD Million)
- 7.3. Driver Information System
  - 7.3.1. Global IoT Fleet Management market forDriver Information System, 2016 - 2024(USD Million)
- 7.4. Fleet Analytics
  - 7.4.1. Global IoT Fleet Management market forFleet Analytics , 2016 - 2024(USD Million)
- 7.5. Fuel Management
  - 7.5.1. Global IoT Fleet Management market forFuel Management, 2016 - 2024(USD Million)
- 7.6. Remote Diagnostics
  - 7.6.1. Global IoT Fleet Management market forRemote Diagnostics, 2016 - 2024(USD Million)
- 7.7. Routing Management
  - 7.7.1. Global IoT Fleet Management market forRouting Management , 2016 - 2024(USD Million)
- 7.8. Tracking and monitoring
  - 7.8.1. Global IoT Fleet Management market forTracking and monitoring, 2016 - 2024(USD Million)
- 7.9. Vehicle Maintenance
  - 7.9.1. Global IoT Fleet Management market forVehicle Maintenance, 2016 - 2024(USD Million)
Chapter 8. Global IoT Fleet Management market - Cloud Deployment Model Segment Analysis
- 8.1. Global IoT Fleet Management market: Solutions overview
  - 8.1.1. Global IoT Fleet Management market revenue share, by Cloud Deployment Model, 2017 and 2024
- 8.2. Hybrid
  - 8.2.1. Global IoT Fleet Management market forHybrid, 2016 - 2024 (USD Million)
- 8.3. Private
  - 8.3.1. Global IoT Fleet Management market forPrivate, 2016 - 2024(USD Million)
- 8.4. Public
  - 8.4.1. Global IoT Fleet Management market forPublic, 2016 - 2024(USD Million)
Chapter 9. Global IoT Fleet Management market - Fleet TypeSegment Analysis
- 9.1. Global IoT Fleet Management market: Solutions overview
  - 9.1.1. Global IoT Fleet Management market revenue share, by Fleet Type, 2017 and 2024
- 9.2. Commercial Vehicles (CV)
  - 9.2.1. Global IoT Fleet Management market forCommercial Vehicles (CV) , 2016 - 2024 (USD Million)
- 9.3. Passenger Cars (PC)
  - 9.3.1. Global IoT Fleet Management market forPassenger Cars (PC), 2016 - 2024(USD Million)
- 9.4. Public buses
  - 9.4.1. Global IoT Fleet Management market forPublicbuses, 2016 - 2024(USD Million)
Chapter 10. Global IoT Fleet Management market - Regional Segment Analysis
- 10.1. Global IoT Fleet Management market: Regional overview
  - 10.1.1. Global IoT Fleet Management market revenue share, by region, 2017 and 2024
- 10.2. North America
  - 10.2.1. North America IoT Fleet Management market revenue, by Platform, 2016 - 2024 (USD Million)
  - 10.2.2. North America IoT Fleet Management market revenue, by Services, 2016 - 2024 (USD Million)
  - 10.2.3. North America IoT Fleet Management market revenue, by Solutions, 2016 - 2024 (USD Million)
  - 10.2.4. North America IoT Fleet Management market revenue, by Cloud Deployment Model, 2016 - 2024 (USD Million)
  - 10.2.5. North America IoT Fleet Management market revenue, by Fleet Type, 2016 - 2024 (USD Million)
  - 10.2.6. U.S. IoT Fleet Management market revenue, 2016 - 2024 (USD Million)
  - 10.2.7. Rest of North AmericaIoT Fleet Management market revenue, 2016 - 2024 (USD Million)
- 10.3. Europe
  - 10.3.1. Europe IoT Fleet Management market revenue, by Platform, 2016 - 2024(USD Million)
  - 10.3.2. Europe IoT Fleet Management market revenue, by Services, 2016 - 2024(USD Million)
  - 10.3.3. Europe IoT Fleet Management market revenue, by Solutions, 2016 - 2024(USD Million)
  - 10.3.4. Europe IoT Fleet Management market revenue, by Cloud Deployment Model, 2016 - 2024(USD Million)
  - 10.3.5. Europe IoT Fleet Management market revenue, by Fleet Type, 2016 - 2024 (USD Million)
  - 10.3.6. GermanyIoT Fleet Management market revenue, 2016 - 2024(USD Million)
  - 10.3.7. UKIoT Fleet Management market revenue, 2016 - 2024(USD Million)
  - 10.3.8. FranceIoT Fleet Management market revenue, 2016 - 2024(USD Million)
  - 10.3.9. Italy IoT Fleet Management market revenue, 2016 - 2024(USD Million)
  - 10.3.10. SpainIoT Fleet Management market revenue, 2016 - 2024(USD Million)
  - 10.3.11. Rest of EuropeIoT Fleet Management market revenue, 2016 - 2024(USD Million)
- 10.4. Asia Pacific
  - 10.4.1. Asia Pacific IoT Fleet Management market revenue, by Platform, 2016 - 2024, (USD Million)
  - 10.4.2. Asia Pacific IoT Fleet Management market revenue, by Services, 2016 - 2024, (USD Million)
  - 10.4.3. Asia Pacific IoT Fleet Management market revenue, by Solutions, 2016 - 2024(USD Million)
  - 10.4.4. Asia Pacific IoT Fleet Management market revenue, by Cloud Deployment Model, 2016 - 2024(USD Million)
  - 10.4.5. Asia Pacific IoT Fleet Management market revenue, by Fleet Type, 2016 - 2024 (USD Million)
  - 10.4.6. ChinaIoT Fleet Management market revenue, 2016 - 2024(USD Million)
  - 10.4.7. Japan IoT Fleet Management market revenue,2016 - 2024(USD Million)
  - 10.4.8. China IoT Fleet Management market revenue,2016 - 2024(USD Million)
  - 10.4.9. IndiaIoT Fleet Management market revenue,2016 - 2024(USD Million)
  - 10.4.10. Southeast AsiaIoT Fleet Management market revenue,2016 - 2024(USD Million)
  - 10.4.11. Rest of Asia PacificIoT Fleet Management market revenue, 2016 - 2024(USD Million)
- 10.5. Latin America
  - 10.5.1. Latin America IoT Fleet Management market revenue, by Platform, 2016 - 2024(USD Million)
  - 10.5.2. Latin America IoT Fleet Management market revenue, by Services, 2016 - 2024(USD Million)
  - 10.5.3. Latin America IoT Fleet Management market revenue, by Solutions, 2016 - 2024(USD Million)
  - 10.5.4. Latin America IoT Fleet Management market revenue, by Cloud Deployment Model, 2016 - 2024(USD Million)
  - 10.5.5. Latin America IoT Fleet Management market revenue, by Fleet Type, 2016 - 2024 (USD Million)
  - 10.5.6. Brazil IoT Fleet Management market revenue, 2016 - 2024(USD Million)
  - 10.5.7. Rest of Latin AmericaIoT Fleet Management market revenue, 2016 - 2024(USD Million)
- 10.6. Middle East and Africa
  - 10.6.1. Middle East and Africa IoT Fleet Management market revenue, by Platform, 2016 - 2024 (USD Million)
  - 10.6.2. Middle East and Africa IoT Fleet Management market revenue, by Services, 2016 - 2024 (USD Million)
  - 10.6.3. Middle East and Africa IoT Fleet Management market revenue, by Solutions, 2016 - 2024(USD Million)
  - 10.6.4. Middle East and Africa IoT Fleet Management market revenue, by Cloud Deployment Model, 2016 - 2024(USD Million)
  - 10.6.5. Middle East and Africa IoT Fleet Management market revenue, by Fleet Type, 2016 - 2024 (USD Million)
  - 10.6.6. GCC Countries IoT Fleet Management market revenue, 2016 - 2024(USD Million)
  - 10.6.7. Southern Africa IoT Fleet Management market revenue, 2016 - 2024(USD Million)
  - 10.6.8. Rest of Middle East and AfricaIoT Fleet Management market revenue, 2016 - 2024(USD Million)
Chapter 11. Company Profile
- 11.1. Verizon Communications, Inc.
  - 11.1.1. Overview
  - 11.1.2. Financials
  - 11.1.3. Product portfolio
  - 11.1.4. Business strategy
  - 11.1.5. Recent developments
- 11.2. Cisco Systems, Inc.
  - 11.2.1. Overview
  - 11.2.2. Financials
  - 11.2.3. Productportfolio
  - 11.2.4. Business strategy
  - 11.2.5. Recent developments
- 11.3. AT&T, Inc.
  - 11.3.1. Overview
  - 11.3.2. Financials
  - 11.3.3. Productportfolio
  - 11.3.4. Business strategy
  - 11.3.5. Recent developments
- 11.4. Trimble Inc.
  - 11.4.1. Overview
  - 11.4.2. Financials
  - 11.4.3. Productportfolio
  - 11.4.4. Business strategy
  - 11.4.5. Recent developments
- 11.5. TomTom International BV
  - 11.5.1. Overview
  - 11.5.2. Financials
  - 11.5.3. Productportfolio
  - 11.5.4. Business strategy
  - 11.5.5. Recent developments
- 11.6. International Business Machines Corp.
  - 11.6.1. Overview
  - 11.6.2. Financials
  - 11.6.3. Productportfolio
  - 11.6.4. Business strategy
  - 11.6.5. Recent developments
- 11.7. Telefónica, S.A.
  - 11.7.1. Overview
  - 11.7.2. Financials
  - 11.7.3. Productportfolio
  - 11.7.4. Business strategy
  - 11.7.5. Recent developments
- 11.8. Sierra Wireless, Inc.
  - 11.8.1. Overview
  - 11.8.2. Financials
  - 11.8.3. Product portfolio
  - 11.8.4. Business strategy
  - 11.8.5. Recent developments
- 11.9. Intel Corporation
  - 11.9.1. Overview
  - 11.9.2. Financials
  - 11.9.3. Product portfolio
  - 11.9.4. Business strategy
  - 11.9.5. Recent developments
- 11.10. Omnitracs
  - 11.10.1. Overview
  - 11.10.2. Financials
  - 11.10.3. Product portfolio
  - 11.10.4. Business strategy
  - 11.10.5. Recent developments

Table Of Figures

List of Figures

1. Market research process
2. Market research methodology
3. Global IoT Fleet Management market revenue, 2016 - 2022 (USD Million)
4. Porter’s five forces analysis
5. IoT Fleet Management market attractiveness analysis, by Platform segment
6. IoT Fleet Management: Market attractiveness analysis, by Services segment
7. IoT Fleet Management: Market attractiveness analysis, by Solutions segment
8. IoT Fleet Management: Market attractiveness analysis, by Cloud Deployment Model segment
9. IoT Fleet Management: Market attractiveness analysis, by fleet type segment
10. IoT Fleet Management: Market attractiveness analysis, by regional segment
11. Company market share analysis, 2016
12. Global IoT Fleet Management market revenue share by Platform, 2017 and 2024
13. Global Device management market, 2016 – 2024 (USD Million)
14. Global Application Enablement Platform (AEP)market, 2016 – 2024(USD Million)
15. Global Network management market, 2016 – 2024(USD Million)
16. Global IoT Fleet Management market revenue share by Services, 2014 and 2022
17. Global IoT Fleet Management market for Professional, 2016 – 2024, (USD Million)
18. Global IoT Fleet Management market for Managed, 2016 – 2024, (USD Million)
19. Global IoT Fleet Management market revenue share by Solutions, 2014 and 2022
20. Global IoT Fleet Management market for Drive Time Analysis, 2016 – 2024, (USD Million)
21. Global IoT Fleet Management market for Driver Information System, 2016 – 2024, (USD Million)
22. Global IoT Fleet Management market for Fleet Analytics, 2016 – 2024, (USD Million)
23. Global IoT Fleet Management market for Fuel Management, 2016 – 2024, (USD Million)
24. Global IoT Fleet Management market for Remote Diagnostics, 2016 – 2024, (USD Million)
25. Global IoT Fleet Management market for Routing Management, 2016 – 2024, (USD Million)
26. Global IoT Fleet Management market for Tracking and monitoring, 2016 – 2024, (USD Million)
27. Global IoT Fleet Management market for Vehicle Maintenance, 2016 – 2024, (USD Million)
28. Global IoT Fleet Management market revenue share by Cloud Deployment Model, 2014 and 2022
29. Global IoT Fleet Management market for Automotive, 2016 – 2024, (USD Million)
30. Global IoT Fleet Management market for Hybrid, 2016 – 2024, (USD Million)
31. Global IoT Fleet Management market for Private, 2016 – 2024, (USD Million)
32. Global IoT Fleet Management market for Public, 2016 – 2024, (USD Million)

Table Of Tables

List of Tables

1. IoT Fleet Management Market: Market Snapshot
2. Drivers of global IoT Fleet Management market: Impact analysis
3. Restraints of global IoT Fleet Management market: Impact analysis
4. North America IoT Fleet Management market revenue, by Platform, 2016 – 2024 (USD Million)
5. North America IoT Fleet Management market revenue, by Services, 2016 – 2024 (USD Million)
6. North America IoT Fleet Management market revenue, by Solutions, 2016 – 2024 (USD Million)
7. North America IoT Fleet Management market revenue, by Cloud Deployment Model, 2016 – 2024 (USD Million)
8. North America IoT Fleet Management market revenue, by fleet type, 2016 – 2024 (USD Million)
9. Europe IoT Fleet Management market revenue, by Platform, 2016 – 2024 (USD Million)
10. Europe IoT Fleet Management market revenue, by Services, 2016 – 2024 (USD Million)
11. Europe IoT Fleet Management market revenue, by Solutions, 2016 – 2024 (USD Million)
12. Europe IoT Fleet Management market revenue, by Cloud Deployment Model, 2016 – 2024 (USD Million)
13. EuropeIoT Fleet Management market revenue, by fleet type, 2016 – 2024 (USD Million)
14. Asia Pacific IoT Fleet Management market revenue, by Platform, 2016 – 2024 (USD Million)
15. Asia Pacific IoT Fleet Management market revenue, by Services, 2016 – 2024 (USD Million)
16. Asia Pacific IoT Fleet Management market revenue, by Solutions, 2016 – 2024 (USD Million)
17. Asia Pacific IoT Fleet Management market revenue, by Cloud Deployment Model, 2016 – 2024 (USD Million)
18. Asia PacificIoT Fleet Management market revenue, by fleet type, 2016 – 2024 (USD Million)
19. Latin America IoT Fleet Management market revenue, by Platform, 2016 – 2024 (USD Million)
20. Latin America IoT Fleet Management market revenue, by Services, 2016 – 2024 (USD Million)
21. Latin America IoT Fleet Management market revenue, by Solutions, 2016 – 2024 (USD Million)
22. Latin America IoT Fleet Management market revenue, by Cloud Deployment Model, 2016 – 2024 (USD Million)
23. Latin America IoT Fleet Management market revenue, by fleet type, 2016 – 2024 (USD Million)
24. Middle East and Africa IoT Fleet Management market revenue, by Platform, 2016 – 2024 (USD Million)
25. Middle East and Africa IoT Fleet Management market revenue, by Services, 2016 – 2024 (USD Million)
26. Middle East and Africa IoT Fleet Management market revenue, by Solutions, 2016 – 2024 (USD Million)
27. Middle East and Africa IoT Fleet Management market revenue, by Cloud Deployment Model, 2016 – 2024 (USD Million)
28. The Middle East & Africa IoT Fleet Management market revenue, by fleet type, 2016 – 2024 (USD Million)

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global IoT Fleet Management market. Zion Market Research has collected and analyzed key data belong to the global IoT Fleet Management Market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of IoT Fleet Management across the world has been calculated through primary and secondary research.

Zion Market Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc.

For this study, Zion Market Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the IoT Fleet Management industry. Primary research makes up the major source of data collection and validation.

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
Helps in validating and strengthening the secondary research findings
Further, develops the analysis team’s expertise and market understanding
Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment, and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
Purchasing managers, technical personnel, distributors and resellers
Outside experts: Investment bankers, valuation experts, and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
IDC and other relevant magazines
Internal and external proprietary databases, and relevant patent and regulatory databases
National government documents, statistical databases, and market reports

News articles, press releases, and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the IoT Fleet Management Market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

Demographic data: Population split into segments
Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
Industry indicators: Expenditure, technology stage, and infrastructure, sector growth and facilities
Data is then cross-checked by an expert panel.