KEY FINDINGS
The North America smart fleet management market is anticipated to record a CAGR of 7.13% over the forecasting period of 2021 to 2028. The regional market’s growth is primarily fueled by the initiatives introduced by the government, the emergence and incorporation of the Internet of Things (IoT) and information, communication, and technology into automotive applications and the rising demand for smart transportation.
MARKET INSIGHTS
The North America smart fleet management market growth evaluation includes the assessment of Canada and the United States. The constant emphasis on minimizing emissions and costs increases the demand for fleet management services in Canada. The country also harbors an extensive manufacturing industry based in Central Canada, predominantly in terms of the automotive and aircraft sectors. Furthermore, a significant coastline makes it one of the largest commercial fishing and seafood industries globally. This aspect generates the need for well-organized transportation, thereby increasing opportunities for vendors offering competent fleet management services.
On the other hand, fleet management organizations, such as Element Fleet, increasingly invest in the design and delivery of advanced technology platforms for fleet management. Furthermore, with a user-first design, they offer a central hub for fleet data through an interface in order to optimize fleet performance. As a result, the factors mentioned above are set to play a vital role in propelling the smart fleet management market growth in North America during the estimated years.
COMPETITIVE INSIGHTS
Some of the top companies operating in the market are I.D. Systems Inc, Sierra Wireless Inc, Omnitracs LLC, etc.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation cater to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments