The Future of
The market for IoT fleet management is in a growth period that will continue in the years to come, with the number of systems in active use forecast to grow at a compound annual growth rate (CAGR) of 15.5%. This growth is a direct result of IoT enhancements. For instance, older vehicles are being replaced with “smart trucks” using Internet of Things (IoT) and Machine-to-Machine (M2M) systems and cellular communications technologies to transmit essential information for fleet management operations.
In the coming years, these trends will intensify as IoT telematics enable ever more advanced business practices that will change the nature of fleet management as we know it.