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The Global Smart Fleet Management Market is expected to grow at a CAGR of 7% during the forecast period. Fleet management is a mammoth task particularly in the scenario involving fluctuation in fuel prices, manpower availability, passenger safety, and effective customer service. The market exhibits several opportunities to enhance customer satisfaction and fleet performance.

Smart fleet management enables fleet operators to manage vehicles, routes, and manpower using a mix of technologies. Overall, with the change in operational abilities and proliferation of technology for disaster management, fleet management market is likely to witness several opportunities in the forecast period. Driving factors for market include government regulations and positive initiatives for reliable and efficient transportation. In addition, the market witnesses’ technological innovations in the automobile industry coupled with encouraging conditions in the market. Smart fleet management solutions are much helpful to avoid any collisions and carbon emissions. While operating in the real time scenario, smart fleet management market enhances operational efficiency, which in turn drives the market growth.

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Transportation segmentation for smart fleet management market includes rolling stock, marine and automotive. By hardware, market comprises ADAS, tracking remote diagnostics and optimization. Geographical segmentation for smart fleet management market includes North America, South America, Europe, Asia-Pacific, Middle East and Africa. North America and Europe markets are likely to gain a significant market share in the forecast period due to technological upgrade and rise in traffic volume. Presence of supply chain and logistics is likely to influence the market growth in these regions.

Asia-Pacific regions have a vast network of road transport and deal with a massive volume of traffic on regular basis. The vehicle for goods carrier have undergone tremendous change due to improved road conditions, better business options and use of enhanced technology for avoiding any collisions. The key players in the smart fleet management market include IBM Corporation, Siemens AG, Cisco Systems Inc, Continental AG, Robert Bosch GmbH, Sierra Wireless, Zonar Systems and Tech Mahindra.

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Global intermodal freight transportation market is expected to grow at a CAGR of 6.50% during the forecast period. Intermodal transportation enables various options for integration of multiple modes that lead to flexibility for supply chain management needs in the international market. Intermodal transport emphasizes on infrastructure modules to a unified focus on systems and process that will have a greater viability in the supply chain management. The significance of intermodal freight transportation continues to exist, since the railroad industry witnessed greater expansion in the last 30 years.

The factors responsible for the market growth include rise in rail transport coupled with significant rise in import and export. Increase in overseas business and international transport is gaining a wide traction in the forecast period. In addition, the rise in need for a safe, reliable and competent transportation coupled with rise in domestic intermodal transportation are vital in shaping the market scenario for intermodal freight transportation.

The market is segmented by type into passenger intermodal freight transportation and cargo intermodal freight transportation. By solution, the market segmentation includes freight security, fleet management, intermodal dispatch, trucking software, and warehousing.

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Geographical segment for intermodal freight transportation market includes North America, South America, Europe, Asia-Pacific, Middle East, and Africa. Asia-Pacific regions account for a significant market share in the forecast period owing to rise in trade avenues and emphasis of key players on business expansion.

The logistics sector is gaining a wider traction from the market point of view. Globalization and flexible norms for international trade are influencing the global market scenario. North America and Europe are likely to experience significant growth conditions owing to rise in intermodal passenger transportation and inclination toward ship, rail, and truck transportation. The key players profiled in the intermodal freight transportation market include GE Transportation, Aljex Software Inc, Trinium Trucking Systems, Maersk Line, Motorola Solutions Inc, Cognizant, TMW Systems Inc, JB Hunt Transport, and DHL.

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https://www.millioninsights.com/industry/automotive-and-transport

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