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by Mode of Transportation (Roadways, Marine, Airways, and Railways), Application (Tracking, ADAS, Optimization, Fuel Cards, and Automatic Vehicle Identification), Connectivity (Short Range and Long Range), and Operation (Private and Commercial): Global Opportunity Analysis and Industry Forecast, 2020–2027. According to the report, the global smart fleet management market generated $38.24 billion in 2019, and is expected to garner $98.65 Billion by 2027, growing at a CAGR of 15.8% from 2020 to 2027.
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Drivers, restraints, and opportunities
Integration of real-time fleet monitoring systems in vehicles, rise in utilization of cloud-based technology for smart fleet management solutions, and enhanced vehicle monitoring and furl management drive the growth of the global smart fleet management market. However, concerns related to prices and cyber
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