According to the report titled ‘North America Smart Fleet Management Market 2021-2028’, available with Market Study Report, North America smart fleet management market is anticipated to register 7.73% CAGR during 2021-2028.
 

Factors like rapid development in the construction sector that will facilitate the adoption of fleet vehicles, coupled with surge in employment rate are catalyzing the growth of North America smart fleet management market. As per the data by U.S. Census Bureau, construction expenditure in February 2017 was 3% higher than that of 2016, reaching USD 1.1 billion, which clearly describes the progress of the construction sector in the U.S.
 

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Additionally, initiatives to ensure vehicle safety and reduce emissions, development of network infrastructure, and decreasing costs of hardware are further stimulating industry expansion.
 

On the contrary, high cost of smart fleet management solutions, along with rising security concerns are restraining the market progress.
 

By connectivity, the market is split into short rang, long range, and cloud, whereas segmentation based on transport type includes roadways, railways, marine, and airways. The application spectrum of North America smart fleet management industry is comprised of optimization, ADAS, tracking, fuel cards, and automatic vehicle identification.
 

The regional terrain of the market consists of countries like the U.S. and Canada. As per the report, the U.S. market is anticipated to register notable gains during 2021-2028, owing to innovative product launches by the companies in the country. For instance, AT&T Inc. recently launched a fleet management solution that will accommodate increasing needs of enterprises, micro industries and government organizations. The solution will further boost productivity, reduce safety concerns, control costs, and enhance compliance management for customers.
 

Major players profiled in North America smart fleet management industry report are Orbcomm, Inc., Sierra Wireless, Inc., Siemens AG, Continental AG, Cisco Systems, Inc., Denso Corporation, Omnitracs LLC, Zonar Systems, Inc., International Business Machines Corporation, Robert Bosch GmbH, Tech Mahindra Ltd., and PowerFleet Inc.