Europe Smart Fleet Management Market

Europe Smart Fleet Management Market is expected to reach US$ XX Bn by 2026 from US$ XX Bn in 2019 at a CAGR of XX%

The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.

Fleet management in other words is the management of commercial motor vehicles like cars, vans, or trucks. It further includes private vehicles required for work purposes or the aviation machinery like planes and helicopters among others. Fleet management include a range of different functions, such as vehicle financing, vehicle tracking and diagnostics, vehicle maintenance. The driver, speed, fuel and management are also included within the fleet management. Smart fleet management include managing fleet through smart devices or wireless connectivity. The smart fleet management has seen immense growth also due to the rise in demand for autonomous vehicles.

Europe Smart Fleet Management Market is classified into transportation, hardware, connectivity, solution and geography. Based on hardware, the market is divided into tracking optimization, ADAS and remote diagnostics. The ADAS or advanced driver assistance systems held the largest market share owing to its high usage in monitoring and delivering real-time data to the drivers for safely driving the car to maintain the security of both the vehicle and the driver. By connectivity, the short-range communication system is the largest segment followed by long-range communication system. Increase in traffic growth along with rise in demand for monitoring shorter distances and getting real-time data to manage traffic jams have led the short-range segment to hold the largest market share in Europe Smart Fleet Management Market.

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