The Global Smart Fleet Management Market was estimated to be US$ 293 billion in 2019, it is expected to expand at a CAGR of 6.7% between 2021 and 2030. Fleet management has been adopted for a better part of the past century in the forms of manual logs, and electronic devices. The size of commercial fleets has increased significantly during past couple of decades, creasing a demand for more sophisticated and advanced fleet management solutions. Smart fleet management is a combination of enhanced data collection, monitoring and analytics solutions to derive actionable insights regarding the fleet of commercial vehicles. Commercial vehicles have widely been used for freight movement globally across wide range of industries. Advancement in transportation and logistics and expansion of fleet size has challenged the fleet managers to optimally operate fleets. This has contributed towards the evolution of fleet management solutions and is driving the growth of the global smart fleet management market.
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