Ozone Market Reports projects that the IoT Fleet Management market size will grow from USD 3.82 Billion in 2017 to USD 12.18 Billion by 2023, at an estimated CAGR of 21.31%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.
The hybrid cloud deployment model is expected to be the fastest growing market during the forecast period. This is due to its benefits such as easy accessibility, higher flexibility, and data implementation options at lower costs. The hybrid model reduces the cloud risk by using cloud bursting and disaster recovery architecture. Also, the “Fog computing” concept is in the initial stage and will have a positive impact on the market in the coming years. Fleet companies, which are moving toward the hybrid model due to cost-effective and on-time delivery features, will further drive the growth of the hybrid deployment model market.
By Market Players:
AT&T, Inc. , Cisco Systems, Inc. , Verizon Communications, Inc. , Trimble, Inc. , Tomtom International BV , International Business Machines Corporation (IBM) , Telefonica, S.A. , Intel Corporation , Sierra Wireless , Omnitracs, , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
By Cloud Deployment Model
IoT Fleet Management, , , , , , , ,
Device Management , Application Enablement, Network Management, , , , , ,
Professional Services, Managed Services, , , , , , ,
IoT Fleet Management, IoT Fleet Management Solutions , , , , , , ,
By Fleet Type
IoT Fleet , Commercial Vehicle IoT Fleet, Passenger Cars IoT Fleet , , , , , ,
, , , , , , , ,
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