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IoT Fleet Management Market Share

Report ID: GMI9530
Published Date: May 2024
Report Format: PDF

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IoT Fleet Management Market Share

Verizon Connect and AT&T are leading the IoT fleet management industry with over 10% of the market share. By Leveraging extensive network infrastructure and expertise in IoT technology, Verizon offers robust fleet management platforms that integrate GPS tracking, telematics, and data analytics. Their initiatives prioritize scalability, reliability, and real-time insights, empowering fleet operators to optimize routes, monitor vehicle health, and improve efficiency.

AT&T collaborates with industry partners to integrate cutting-edge technologies such as AI and machine learning, enhancing fleet efficiency and safety. Through targeted marketing campaigns and customer-centric services, AT&T aims to capture market share by delivering innovative, reliable, and cost-effective solutions that meet the evolving demands of fleet operators worldwide.

IoT Fleet Management Market Companies

Major companies operating in the IoT fleet management industry are:

AT&T
Fleet Complete
Geotab
IBM
Intel
Omnitracs (Solera)
Samsara
Teletrac Navman
Trimble
Verizon Connect

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of IoT fleet management reached USD 8.5 billion in 2023 and will witness 11% CAGR between 2024 and 2032, led by increasing demand for vehicle and operation monitoring.

The solution component segment accounted for 65% share in 2023, owing to its flexibility and scalability.

North America market held over 35% revenue share in 2023, due to regulatory compliance requirements related to driver management.

AT&T, Fleet Complete, Geotab, IBM, Intel, Omnitracs (Solera), Samsara, Teletrac Navman, Trimble, and Verizon Connect among others.