Smart Fleet Management Market
PUBLISHED: 2022 ID: SMRC21888
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Smart Fleet Management Market

Smart Fleet Management Market Forecasts to 2028 - Global Analysis By Product (Automotive, Rolling Stock and Marine), Mode of Transport (Airways Fleet, Railways Fleet, Marine Fleet and Roadways Fleet), Connectivity (Short Range Communication, Long Range Communication and Cloud-based Connectivity), Operation (Private and Commercial), Application and By Geography

4.6 (29 reviews)
4.6 (29 reviews)
Published: 2022 ID: SMRC21888

This report covers the impact of COVID-19 on this global market
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Years Covered

2020-2028

Estimated Year Value (2022)

US $65219.7 MN

Projected Year Value (2028)

US $167066.4 MN

CAGR (2022 - 2028)

17.8%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Fastest Growing Market

North America


According to Stratistics MRC, the Global Smart Fleet Management Market is accounted for $62519.7 million in 2022 and is expected to reach $167066.4 million by 2028 growing at a CAGR of 17.8% during the forecast period. Smart fleet management systems give you the necessary information to make the best decisions for your company, which can boost profits, cut expenses, and enhance customer satisfaction. A smart fleet management system includes a dedicated server to store and secure fleet data, assisting operators in making decisions that are economical. Greater safety and compliance are also ensured by a smart fleet management system. It is deployed and fully integrated to enable creating maintenance schedules simple. Technical, commercial, or operational requirements are all integrated into a smart fleet management system.

According to data from the International Organization of Motor Vehicle Manufacturers, the commercial vehicle sector in out of 40 major nations, 17 nations, including Belgium, Canada, Germany, Japan, etc., saw negative growth of 67.5% during the COVID-19 pandemic.



Market Dynamics:

Driver:

Government Regulations

The market is also influenced by the expansion of governmental laws and programmes aimed at building a more dependable and secure transportation network. These rules encourage the creation of intelligent transportation systems. In addition, the market for smart fleet management is positively impacted by a rise in investments, more disposable money, and the growth of the automotive industry.

Restraint:

Complex and expensive technology

The high costs required to develop smart fleet management systems are speculated to hinder the market growth. It is anticipated that expensive technology and a lack of adaptation in emerging countries will impede industry expansion. Threats to safety, security, and quality are also anticipated to restraint the growth of the smart fleet management market.

Opportunity:

Rise in Transportation


Smart fleet management is required for vehicle security and on-time delivery due to the growing fleet sizes of transportation and logistics companies, which has a further impact on the market. The market for smart fleet management will continue to expand due to the emergence of new customer segments across numerous business verticals.

Threat:

Lack of adequate network infrastructure

One of the biggest hurdles that can limit the growth of the smart fleet management market is a lack of suitable network infrastructure, particularly in developing nations such as India and Mexico. Additionally, worries about cyber-attacks and data theft may also limit the market's future possibilities.

Covid-19 Impact

The COVID-19 virus wreaked havoc on the commercial and healthcare sectors. As a result, the pandemic had a significant impact on the car sector. Automakers' factories and dealerships were temporarily closed for a number of months in 2020. However, following the shutdown, the businesses began using new technologies to work on these advancements. Due to the financial crisis, even while private fleets are installed and managed, the majority of smart fleet management end users are gravitating toward commercial fleet management. The COVID-19 pandemic's unpredictable demand picture for end users and significant capital cost are anticipated to increase interest in commercial fleet management. Commercial fleet management makes it possible to effectively manage working capital and eliminates the need for additional staff to oversee fleet operations.

The short range communication segment is expected to be the largest during the forecast period

The short range communication segment is estimated to have a lucrative growth, due to the swift adoption of the Internet of Things (IoT). Short-range communication technology enables communication between vehicles and between vehicles and infrastructure, which can be used to provide a wide range of information about traffic, position, routing, mapping, and navigation. By initiating safety procedures and preventing collisions, ADAS utilise this information to increase transport safety.

The advanced driver assistance systems (ADAS) segment is expected to have the highest CAGR during the forecast period

The advanced driver assistance systems (ADAS) segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the popularity of autonomous car technologies is increasing, even though many governments continue to provide regulatory obligations for transportation safety. ADAS is essential to fleet management because it provides the highest level of operational efficiency while ensuring the safety of the driver and the asset.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to the increased transportation infrastructure in developing nations like Japan, China, and India as well as strict safety requirements. It is anticipated that the market for ADAS and telematics will grow in the Asia-Pacific area as connectivity technology is more adopted. The Indian government revised its guidelines for the use of radar-based technology in 2015, which would increase the market's reliance on ADAS systems. Additionally, the region has some of the strictest automobile safety laws in the world, which would increase demand for telematics and advanced driver aid systems.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, owing to the technological advancement and increasing demand for electric and autonomous vehicles are some of the key factors propelling the market growth. Increased cargo transportation has resulted, in the rapid adoption of smart fleet systems in North America. Increasing interest along with investments by well-known industry players and incomplete collaborative efforts are accountable for regional growth.



Key players in the market

Some of the key players profiled in the Smart Fleet Management Market include Denso Corporation, Bosch, Cisco Systems, Inc., Continental AG, Otto Marine Limited, Globecomm Systems, Inc., Harman International Industries, Inc., IBM Corporation, Jutha Maritime Public Company Limited, Precious Shipping Public Company Ltd., Calamp Corporation, Orbcomm, Inc., Sierra Wireless, Inc., Siemens AG, Robert Bosch GmbH, Tech Mahindra Limited, TomTom, Trakm8, Zonar Systems, Inc.

Key Developments:

In May 2022, Automotive industry giant, Bosch Group and Astrata, a provider of enterprise management software and advanced location-based IT services (telematics), have signed a 5-year partnership today for the manufacturing of Astrata’s advanced fleet management system for HGV and LCV hardware.

In June 2021, Siemens announced plans to launch a new fleet management model and app for the company cars used by its executives. This initiative has been taken with an objective to provide employees with greater access to vehicles equipped with eco-friendly drive systems and offer additional incentives to use EVs.

Products Covered:
• Automotive
• Rolling Stock
• Marine

Mode of Transports Covered:
• Airways Fleet
• Railways Fleet
• Marine Fleet
• Roadways Fleet

Connectivities Covered:
• Short Range Communication
• Long Range Communication
• Cloud-based Connectivity

Operations Covered:
• Private
• Commercial

Applications Covered:
• Fleet Tracking
• Remote Diagnostics
• Fleet Optimization
• Advanced Driver Assistance Systems (ADAS)
• Other Applications

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Smart Fleet Management Market, By Product
5.1 Introduction
5.2 Automotive
5.3 Rolling Stock
5.4 Marine

6 Global Smart Fleet Management Market, By Mode of Transport
6.1 Introduction
6.2 Airways Fleet
6.3 Railways Fleet
6.4 Marine Fleet
6.5 Roadways Fleet

7 Global Smart Fleet Management Market, By Connectivity
7.1 Introduction
7.2 Short Range Communication
7.3 Long Range Communication
7.4 Cloud-based Connectivity

8 Global Smart Fleet Management Market, By Operation
8.1 Introduction
8.2 Private
8.3 Commercial

9 Global Smart Fleet Management Market, By Application
9.1 Introduction
9.2 Fleet Tracking
9.3 Remote Diagnostics
9.4 Fleet Optimization
9.5 Advanced Driver Assistance Systems (ADAS)
9.6 Other Applications

10 Global Smart Fleet Management Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa

11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies

12 Company Profiling
12.1 Denso Corporation
12.2 Bosch
12.3 Cisco Systems, Inc.
12.4 Continental AG
12.5 Otto Marine Limited
12.6 Globecomm Systems, Inc.
12.7 Harman International Industries, Inc.
12.8 IBM Corporation
12.9 Jutha Maritime Public Company Limited
12.10 Precious Shipping Public Company Ltd.
12.11 Calamp Corporation
12.12 Orbcomm, Inc.
12.13 Sierra Wireless, Inc.
12.14 Siemens AG
12.15 Robert Bosch GmbH
12.16 Tech Mahindra Limited
12.17 TomTom
12.18 Trakm8
12.19 Zonar Systems, Inc.

List of Tables
1 Global Smart Fleet Management Market Outlook, By Region (2020-2028) ($MN)
2 Global Smart Fleet Management Market Outlook, By Product (2020-2028) ($MN)
3 Global Smart Fleet Management Market Outlook, By Automotive (2020-2028) ($MN)
4 Global Smart Fleet Management Market Outlook, By Rolling Stock (2020-2028) ($MN)
5 Global Smart Fleet Management Market Outlook, By Marine (2020-2028) ($MN)
6 Global Smart Fleet Management Market Outlook, By Mode of Transport (2020-2028) ($MN)
7 Global Smart Fleet Management Market Outlook, By Airways Fleet (2020-2028) ($MN)
8 Global Smart Fleet Management Market Outlook, By Railways Fleet (2020-2028) ($MN)
9 Global Smart Fleet Management Market Outlook, By Marine Fleet (2020-2028) ($MN)
10 Global Smart Fleet Management Market Outlook, By Roadways Fleet (2020-2028) ($MN)
11 Global Smart Fleet Management Market Outlook, By Connectivity (2020-2028) ($MN)
12 Global Smart Fleet Management Market Outlook, By Short Range Communication (2020-2028) ($MN)
13 Global Smart Fleet Management Market Outlook, By Long Range Communication (2020-2028) ($MN)
14 Global Smart Fleet Management Market Outlook, By Cloud-based Connectivity (2020-2028) ($MN)
15 Global Smart Fleet Management Market Outlook, By Operation (2020-2028) ($MN)
16 Global Smart Fleet Management Market Outlook, By Private (2020-2028) ($MN)
17 Global Smart Fleet Management Market Outlook, By Commercial (2020-2028) ($MN)
18 Global Smart Fleet Management Market Outlook, By Application (2020-2028) ($MN)
19 Global Smart Fleet Management Market Outlook, By Fleet Tracking (2020-2028) ($MN)
20 Global Smart Fleet Management Market Outlook, By Remote Diagnostics (2020-2028) ($MN)
21 Global Smart Fleet Management Market Outlook, By Fleet Optimization (2020-2028) ($MN)
22 Global Smart Fleet Management Market Outlook, By Advanced Driver Assistance Systems (ADAS) (2020-2028) ($MN)
23 Global Smart Fleet Management Market Outlook, By Other Applications (2020-2028) ($MN)
24 North America Smart Fleet Management Market Outlook, By Country (2020-2028) ($MN)
25 North America Smart Fleet Management Market Outlook, By Product (2020-2028) ($MN)
26 North America Smart Fleet Management Market Outlook, By Automotive (2020-2028) ($MN)
27 North America Smart Fleet Management Market Outlook, By Rolling Stock (2020-2028) ($MN)
28 North America Smart Fleet Management Market Outlook, By Marine (2020-2028) ($MN)
29 North America Smart Fleet Management Market Outlook, By Mode of Transport (2020-2028) ($MN)
30 North America Smart Fleet Management Market Outlook, By Airways Fleet (2020-2028) ($MN)
31 North America Smart Fleet Management Market Outlook, By Railways Fleet (2020-2028) ($MN)
32 North America Smart Fleet Management Market Outlook, By Marine Fleet (2020-2028) ($MN)
33 North America Smart Fleet Management Market Outlook, By Roadways Fleet (2020-2028) ($MN)
34 North America Smart Fleet Management Market Outlook, By Connectivity (2020-2028) ($MN)
35 North America Smart Fleet Management Market Outlook, By Short Range Communication (2020-2028) ($MN)
36 North America Smart Fleet Management Market Outlook, By Long Range Communication (2020-2028) ($MN)
37 North America Smart Fleet Management Market Outlook, By Cloud-based Connectivity (2020-2028) ($MN)
38 North America Smart Fleet Management Market Outlook, By Operation (2020-2028) ($MN)
39 North America Smart Fleet Management Market Outlook, By Private (2020-2028) ($MN)
40 North America Smart Fleet Management Market Outlook, By Commercial (2020-2028) ($MN)
41 North America Smart Fleet Management Market Outlook, By Application (2020-2028) ($MN)
42 North America Smart Fleet Management Market Outlook, By Fleet Tracking (2020-2028) ($MN)
43 North America Smart Fleet Management Market Outlook, By Remote Diagnostics (2020-2028) ($MN)
44 North America Smart Fleet Management Market Outlook, By Fleet Optimization (2020-2028) ($MN)
45 North America Smart Fleet Management Market Outlook, By Advanced Driver Assistance Systems (ADAS) (2020-2028) ($MN)
46 North America Smart Fleet Management Market Outlook, By Other Applications (2020-2028) ($MN)
47 Europe Smart Fleet Management Market Outlook, By Country (2020-2028) ($MN)
48 Europe Smart Fleet Management Market Outlook, By Product (2020-2028) ($MN)
49 Europe Smart Fleet Management Market Outlook, By Automotive (2020-2028) ($MN)
50 Europe Smart Fleet Management Market Outlook, By Rolling Stock (2020-2028) ($MN)
51 Europe Smart Fleet Management Market Outlook, By Marine (2020-2028) ($MN)
52 Europe Smart Fleet Management Market Outlook, By Mode of Transport (2020-2028) ($MN)
53 Europe Smart Fleet Management Market Outlook, By Airways Fleet (2020-2028) ($MN)
54 Europe Smart Fleet Management Market Outlook, By Railways Fleet (2020-2028) ($MN)
55 Europe Smart Fleet Management Market Outlook, By Marine Fleet (2020-2028) ($MN)
56 Europe Smart Fleet Management Market Outlook, By Roadways Fleet (2020-2028) ($MN)
57 Europe Smart Fleet Management Market Outlook, By Connectivity (2020-2028) ($MN)
58 Europe Smart Fleet Management Market Outlook, By Short Range Communication (2020-2028) ($MN)
59 Europe Smart Fleet Management Market Outlook, By Long Range Communication (2020-2028) ($MN)
60 Europe Smart Fleet Management Market Outlook, By Cloud-based Connectivity (2020-2028) ($MN)
61 Europe Smart Fleet Management Market Outlook, By Operation (2020-2028) ($MN)
62 Europe Smart Fleet Management Market Outlook, By Private (2020-2028) ($MN)
63 Europe Smart Fleet Management Market Outlook, By Commercial (2020-2028) ($MN)
64 Europe Smart Fleet Management Market Outlook, By Application (2020-2028) ($MN)
65 Europe Smart Fleet Management Market Outlook, By Fleet Tracking (2020-2028) ($MN)
66 Europe Smart Fleet Management Market Outlook, By Remote Diagnostics (2020-2028) ($MN)
67 Europe Smart Fleet Management Market Outlook, By Fleet Optimization (2020-2028) ($MN)
68 Europe Smart Fleet Management Market Outlook, By Advanced Driver Assistance Systems (ADAS) (2020-2028) ($MN)
69 Europe Smart Fleet Management Market Outlook, By Other Applications (2020-2028) ($MN)
70 Asia Pacific Smart Fleet Management Market Outlook, By Country (2020-2028) ($MN)
71 Asia Pacific Smart Fleet Management Market Outlook, By Product (2020-2028) ($MN)
72 Asia Pacific Smart Fleet Management Market Outlook, By Automotive (2020-2028) ($MN)
73 Asia Pacific Smart Fleet Management Market Outlook, By Rolling Stock (2020-2028) ($MN)
74 Asia Pacific Smart Fleet Management Market Outlook, By Marine (2020-2028) ($MN)
75 Asia Pacific Smart Fleet Management Market Outlook, By Mode of Transport (2020-2028) ($MN)
76 Asia Pacific Smart Fleet Management Market Outlook, By Airways Fleet (2020-2028) ($MN)
77 Asia Pacific Smart Fleet Management Market Outlook, By Railways Fleet (2020-2028) ($MN)
78 Asia Pacific Smart Fleet Management Market Outlook, By Marine Fleet (2020-2028) ($MN)
79 Asia Pacific Smart Fleet Management Market Outlook, By Roadways Fleet (2020-2028) ($MN)
80 Asia Pacific Smart Fleet Management Market Outlook, By Connectivity (2020-2028) ($MN)
81 Asia Pacific Smart Fleet Management Market Outlook, By Short Range Communication (2020-2028) ($MN)
82 Asia Pacific Smart Fleet Management Market Outlook, By Long Range Communication (2020-2028) ($MN)
83 Asia Pacific Smart Fleet Management Market Outlook, By Cloud-based Connectivity (2020-2028) ($MN)
84 Asia Pacific Smart Fleet Management Market Outlook, By Operation (2020-2028) ($MN)
85 Asia Pacific Smart Fleet Management Market Outlook, By Private (2020-2028) ($MN)
86 Asia Pacific Smart Fleet Management Market Outlook, By Commercial (2020-2028) ($MN)
87 Asia Pacific Smart Fleet Management Market Outlook, By Application (2020-2028) ($MN)
88 Asia Pacific Smart Fleet Management Market Outlook, By Fleet Tracking (2020-2028) ($MN)
89 Asia Pacific Smart Fleet Management Market Outlook, By Remote Diagnostics (2020-2028) ($MN)
90 Asia Pacific Smart Fleet Management Market Outlook, By Fleet Optimization (2020-2028) ($MN)
91 Asia Pacific Smart Fleet Management Market Outlook, By Advanced Driver Assistance Systems (ADAS) (2020-2028) ($MN)
92 Asia Pacific Smart Fleet Management Market Outlook, By Other Applications (2020-2028) ($MN)
93 South America Smart Fleet Management Market Outlook, By Country (2020-2028) ($MN)
94 South America Smart Fleet Management Market Outlook, By Product (2020-2028) ($MN)
95 South America Smart Fleet Management Market Outlook, By Automotive (2020-2028) ($MN)
96 South America Smart Fleet Management Market Outlook, By Rolling Stock (2020-2028) ($MN)
97 South America Smart Fleet Management Market Outlook, By Marine (2020-2028) ($MN)
98 South America Smart Fleet Management Market Outlook, By Mode of Transport (2020-2028) ($MN)
99 South America Smart Fleet Management Market Outlook, By Airways Fleet (2020-2028) ($MN)
100 South America Smart Fleet Management Market Outlook, By Railways Fleet (2020-2028) ($MN)
101 South America Smart Fleet Management Market Outlook, By Marine Fleet (2020-2028) ($MN)
102 South America Smart Fleet Management Market Outlook, By Roadways Fleet (2020-2028) ($MN)
103 South America Smart Fleet Management Market Outlook, By Connectivity (2020-2028) ($MN)
104 South America Smart Fleet Management Market Outlook, By Short Range Communication (2020-2028) ($MN)
105 South America Smart Fleet Management Market Outlook, By Long Range Communication (2020-2028) ($MN)
106 South America Smart Fleet Management Market Outlook, By Cloud-based Connectivity (2020-2028) ($MN)
107 South America Smart Fleet Management Market Outlook, By Operation (2020-2028) ($MN)
108 South America Smart Fleet Management Market Outlook, By Private (2020-2028) ($MN)
109 South America Smart Fleet Management Market Outlook, By Commercial (2020-2028) ($MN)
110 South America Smart Fleet Management Market Outlook, By Application (2020-2028) ($MN)
111 South America Smart Fleet Management Market Outlook, By Fleet Tracking (2020-2028) ($MN)
112 South America Smart Fleet Management Market Outlook, By Remote Diagnostics (2020-2028) ($MN)
113 South America Smart Fleet Management Market Outlook, By Fleet Optimization (2020-2028) ($MN)
114 South America Smart Fleet Management Market Outlook, By Advanced Driver Assistance Systems (ADAS) (2020-2028) ($MN)
115 South America Smart Fleet Management Market Outlook, By Other Applications (2020-2028) ($MN)
116 Middle East & Africa Smart Fleet Management Market Outlook, By Country (2020-2028) ($MN)
117 Middle East & Africa Smart Fleet Management Market Outlook, By Product (2020-2028) ($MN)
118 Middle East & Africa Smart Fleet Management Market Outlook, By Automotive (2020-2028) ($MN)
119 Middle East & Africa Smart Fleet Management Market Outlook, By Rolling Stock (2020-2028) ($MN)
120 Middle East & Africa Smart Fleet Management Market Outlook, By Marine (2020-2028) ($MN)
121 Middle East & Africa Smart Fleet Management Market Outlook, By Mode of Transport (2020-2028) ($MN)
122 Middle East & Africa Smart Fleet Management Market Outlook, By Airways Fleet (2020-2028) ($MN)
123 Middle East & Africa Smart Fleet Management Market Outlook, By Railways Fleet (2020-2028) ($MN)
124 Middle East & Africa Smart Fleet Management Market Outlook, By Marine Fleet (2020-2028) ($MN)
125 Middle East & Africa Smart Fleet Management Market Outlook, By Roadways Fleet (2020-2028) ($MN)
126 Middle East & Africa Smart Fleet Management Market Outlook, By Connectivity (2020-2028) ($MN)
127 Middle East & Africa Smart Fleet Management Market Outlook, By Short Range Communication (2020-2028) ($MN)
128 Middle East & Africa Smart Fleet Management Market Outlook, By Long Range Communication (2020-2028) ($MN)
129 Middle East & Africa Smart Fleet Management Market Outlook, By Cloud-based Connectivity (2020-2028) ($MN)
130 Middle East & Africa Smart Fleet Management Market Outlook, By Operation (2020-2028) ($MN)
131 Middle East & Africa Smart Fleet Management Market Outlook, By Private (2020-2028) ($MN)
132 Middle East & Africa Smart Fleet Management Market Outlook, By Commercial (2020-2028) ($MN)
133 Middle East & Africa Smart Fleet Management Market Outlook, By Application (2020-2028) ($MN)
134 Middle East & Africa Smart Fleet Management Market Outlook, By Fleet Tracking (2020-2028) ($MN)
135 Middle East & Africa Smart Fleet Management Market Outlook, By Remote Diagnostics (2020-2028) ($MN)
136 Middle East & Africa Smart Fleet Management Market Outlook, By Fleet Optimization (2020-2028) ($MN)
137 Middle East & Africa Smart Fleet Management Market Outlook, By Advanced Driver Assistance Systems (ADAS) (2020-2028) ($MN)
138 Middle East & Africa Smart Fleet Management Market Outlook, By Other Applications (2020-2028) ($MN)
 

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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