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The Global IoT Fleet Management Market is valued at approximately USD 6.4 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 9.8% over the forecast period 2022-2029. IoT Fleet Management refers to the use of IoT-based solutions for fleet management in logistics in the transportation sector. The application of IoT in fleet management enables fleet operators to automate various aspects of transportation such as preventive maintenance, remote diagnostics, vehicle & driver tracking among others. The rapid expansion of logistics & transportation sector coupled with rising digitization in the industry is contributing to the growth of the Global IoT Fleet Management Market.