Iot Fleet Management Market Projected To Reach $22.2 Billion By 2032 With 11.5% Cagr Growth

The global IoT fleet management market is expected to reach a valuation of US$ 22.2 Billion by 2032, with a projected growth rate of 11.8% CAGR between 2022 and 2032. This growth is driven by the need to reduce fuel emissions and improve fleet operating efficiency, as well as government regulations to improve fleet safety standards. North America is expected to maintain dominance in the market, with the routing management segment leading in terms of application.