Asia Pacific Blood Glucose Test Strip Packaging Market Research Repor Global Smart Fleet Management Market_Written by Tr

Market Scenario
According to a new report by Market Research Future (MRFR), the global market for smart fleet
management has been expected to expand at a significant rate during the forecast period (2016-2023)
owing to the growing production of vehicles. Operators keep track of factors such as maintenance and
route management, and fuel consumption through smart fleet management system. The system provides
a dedicated server for security and fleet data which enables operators to analyze cost-effective data and
enhance safety.
Future Drivers and Constraints Affecting the Market
Stringent government regulations to increase demand and safety by fleet operators to track vehicles, thus
reducing the cost of transportation and rising demand for connectivity are anticipated to stimulate the
market growth over the forecast period. Several government agencies are also promoting the use of
connected vehicles to curtail energy consumption, reduce carbon emissions, and avoid road congestion.
Reduction of operating as well as transportation cost encourages players in the market, thus fueling the
market growth globally.
On the flip side, high cost associated with smart fleet management system is predicted to inhibit the
market growth globally. On the other hand, privacy and security concerns will act as a major restraining
cause for the market. Moreover, the continuous increase in travel routes and fleet sizes result in higher
complexity of the system and is anticipated to act as another restraining factor in the growth of the
market. Scarcity of sufficient network infrastructure, specifically in regions like Mexico and India can
hinder the market growth over the review period. Also, data-loss and cyber attacks are also anticipated
to diminish the growth of the market.
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Global Smart Fleet Management Market Segmentation
Globally, the market for smart fleet management has fragmented due to the presence of regional and
global vendors. The market has been segmented based on transportation, connectivity, hardware,
solution, and region.
The market has been segmented into automotive, rolling stock, and marine, based on transportation.
Among these, the automotive segment is estimated to expand over the assessment period due to the
growing adoption of roadways for international and domestic airport.
The market has been segmented into tracking, optimization, ADAS, and diagnostic based on hardware.
Among these, the ADAS systems segmentation is expected to showcase a significant growth rate due to
the high adoption of such systems in passenger cars, especially in regions like Europe and North America.
Governments in the Asia Pacific region like China and India are focusing on mandating such systems to
enhance the safety of passengers.
The market has been segmented into cloud, short-range communication, and long-range communication
based on connectivity. The vendors are focused on providing cloud solutions to their customers with the
increasing advancements in cloud technology.