Posted 3/13/2024, 11:30:00 PM
Smart Fleet Management Market Poised for 8.3% CAGR Growth to Exceed $1 Trillion by 2032, Driven by Asia Pacific Demand
- Smart Fleet Management Market size valued at USD 502.5 Billion in 2023, expected to reach USD 1,031.2 Billion by 2032 at a CAGR of 8.3%
- Solutions help reduce costs, optimize routes, improve oversight of operations, and enhance road safety
- Asia Pacific driving growth due to demand for telematics systems to cut costs and emissions
- Prominent players include Verizon, Denso, Infosys, Continental, Siemens, Bosch, Sierra Wireless, Cisco, Hitachi, IBM, Samsung, Infineon
- Segmentation by Transportation, Application, Connectivity; Transportation segment accounted for largest market share