Fleet Management Solutions Market - Size, Share & Industry Analysis

Name: Fleet Management Solutions Market - Size, Share & Industry Analysis
Creator: Mordor Intelligence
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Fleet Management Solutions Market Size and Share

Market Overview

Study Period	2019 - 2030
Market Size (2025)	USD 32.87 Billion
Market Size (2030)	USD 67.03 Billion
Growth Rate (2025 - 2030)	15.32% CAGR
Fastest Growing Market	Asia Pacific
Largest Market	North America
Market Concentration	Medium
Major Players *Disclaimer: Major Players sorted in no particular order Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.

Fleet Management Solutions Market (2025 - 2030) — Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.

Fleet Management Solutions Market Analysis by Mordor Intelligence

The fleet management solutions market generated USD 32.87 billion in 2025 and is forecast to climb to USD 67.03 billion by 2030, advancing at a robust 15.32% CAGR. This performance reflects tightening CO₂ and electronic logging mandates, the spread of OEM-embedded telematics, and the arrival of 5G that supports sub-10 millisecond latency for real-time coordination. Margins improve when fleets optimize routes, fuel consumption, and preventive maintenance, so investment in connected platforms has become a board-level priority. Vendors that combine edge AI with secure cloud services are widening the gap because they permit predictive analytics without compromising data sovereignty. The fleet management solutions market also benefits from usage-based insurance partnerships that translate safer driving into premium reductions, creating a self-reinforcing adoption cycle. Semiconductor shortages and evolving privacy rules temper the growth outlook but primarily disadvantage newcomers that lack diversified supply chains and compliance expertise.

Key Report Takeaways

By deployment model, cloud-based Software-as-a-Service led with 63% revenue share in 2024, while hybrid solutions are projected to rise at a 20.4% CAGR to 2030.
By solution type, vehicle and asset tracking captured 27.5% of the fleet management solutions market share in 2024; analytics and reporting are set to expand at an 18.1% CAGR through 2030.
By vehicle type, light commercial vehicles held 46.2% of the fleet management solutions market size in 2024; off-highway equipment is poised for 17.3% CAGR growth to 2030.
By fleet size, mid-sized operations with 50-199 units accounted for a 39.1% share in 2024, whereas enterprise fleets above 1,000 vehicles are forecast to grow 15.5% annually.
By end-user industry, transportation and logistics represented 42% of 2024 demand; construction and mining are the fastest risers at 16% CAGR through 2030.
By geography, North America dominated with a 36% share in 2024, but Asia Pacific is the frontrunner in growth at 15.4% CAGR to 2030

Global Fleet Management Solutions Market Trends and Insights

Drivers Impact Analysis

Driver	(~) % Impact on CAGR Forecast	Geographic Relevance	Impact Timeline
Rapid rise in OEM-embedded telematics	+3.2%	Global, North America and Europe focus	Medium term (2–4 years)
5G and NB-IoT rollout lowering latency	+2.8%	APAC core, spill-over to North America and Europe	Short term (≤ 2 years)
Usage-based insurance partnerships	+2.1%	North America and EU, expanding to APAC	Medium term (2–4 years)
Stricter CO₂ / ELD mandates	+2.9%	EU first, North America next, selective APAC adoption	Long term (≥ 4 years)
Edge-AI enabling predictive maintenance	+1.8%	Global, with early adoption in developed markets	Long term (≥ 4 years)
Commercial drone fleets creating adjacency	+1.1%	North America and EU, emerging in APAC	Long term (≥ 4 years)

Source: Mordor Intelligence

Rapid rise in OEM-embedded telematics

More than three-quarters of new light vehicles shipped with native connectivity in 2023, giving operators direct access to engine diagnostics, battery health, and over-the-air software updates. Blending multiple OEM data feeds, however, demands powerful normalization engines and open APIs. Providers that already integrate across 150-plus makes are gaining wallet share because they spare customers the cost of aftermarket hardware while unlocking richer predictive maintenance models.^{[1]Geotab Media Center, “Global OEM Integration Expansion,” geotab.com}

5G and NB-IoT rollout lowering latency

Sub-10 millisecond links allow dispatchers to update routes in dense urban corridors before congestion materializes, trimming fuel use by 15-20%. Edge computing modules on the vehicle now run AI vision that flags hard-braking or lane-departure events locally, sending only exceptions to the cloud, which lowers bandwidth charges and speeds driver coaching. Utility fleets illustrate the benefit: smart meters using 5G relay fault data in real time, accelerating outage restoration.^{[2]Honeywell Smart Energy, “Verizon 5G Partnership Announcement,” honeywell.com}

Usage-based insurance partnerships

Carriers embed IoT modules in policy packages, converting safety gains into discounted premiums and accelerating payback for technology upgrades. Underwriters also tap anonymized telematics data to refine actuarial models, improving risk selection while rewarding fleets that maintain coaching programs. The model levels the playing field for small operators that lacked capital for traditional loss-control tools.

Stricter CO₂ / ELD mandates

The European Union now targets a 90% cut in heavy-duty CO₂ by 2040, while North American regulators expand electronic logging to older trucks. Tax-linked fuel surcharges in Germany and distance-based tolling tied to emission classes make compliance and fuel optimization inseparable.

Restraints Impact Analysis

Restraint	(~) % Impact on CAGR Forecast	Geographic Relevance	Impact Timeline
Cyber-ransomware risk on connected fleets	−1.9%	Global, higher in developed markets	Short term (≤ 2 years)
Fragmented regulatory data-sharing rules	−1.4%	EU complexity, North America and APAC follow	Medium term (2–4 years)
Driver privacy backlash	-0.8%	EU and North America primarily, emerging in APAC	Medium term (2-4 years)
Silicon carbide power electronics supply bottlenecks	-1.2%	Global, with acute impact in APAC manufacturing	Long term (≥ 4 years)

Source: Mordor Intelligence

Cyber-ransomware risk on connected fleets

Attacks against transport networks quadrupled between 2017 and 2022, exposing real-time asset locations and immobilizing vehicles until ransoms are paid. Mid-sized carriers often run outdated maintenance software that lacks multifactor authentication, widening the threat surface. Industry associations now recommend zero-trust architectures and endpoint detection on every telematics gateway.

Fragmented regulatory data-sharing rules

GDPR in Europe diverges from North American disclosure frameworks, and several ASEAN members require local data storage. Providers must therefore maintain region-specific data lakes, a costly proposition that can limit advanced analytics because cross-border datasets remain siloed. The Federal Transit Administration is drafting interoperability standards, yet adoption is uneven, delaying seamless multimodal optimization.

Segment Analysis

By Deployment Model: Hybrid solutions bridge infrastructure gaps

Hybrid architectures are rising at 20.4% CAGR because they keep sensitive operations data on-premises while tapping elastic cloud analytics during peak demand. The fleet management solutions market size for cloud deployments reached 63% share in 2024, but compliance-driven buyers such as defense agencies still require on-site servers. Suppliers bundle edge gateways that sync only exception events, cutting roaming charges and supporting operations in low-bandwidth geographies. Case studies in government electric vehicle programs confirm that hybrid stacks reduce latency for emergency response while meeting data residency statutes.

Adoption momentum stems from lessons learned in pure-cloud rollouts where connection drops led to gaps in ELD logs. Vendors now pre-load critical rulesets on edge devices, letting drivers stay compliant even if coverage falls to 2G. Once connectivity resumes, cached records synchronize automatically. This pattern is redefining architectures: cloud stays the analytics brain, edge becomes the compliance guard, and on-prem appliances assure sovereignty.

Fleet Management Solutions Market: Market Share by Deployment Model — Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.

By Solution Type: Analytics drive operational intelligence

Vehicle tracking remains the revenue anchor at 27.5% share, but demand is shifting toward analytics and reporting that grow 18.1% a year. Dashboards now rank drivers by safety score and project brake-pad life using machine learning. The fleet management solutions market generates higher margins from add-on modules such as automated coaching, fuel tax reconciliation, and AI-based cargo monitoring. Providers that package these insights with open APIs convert single-product sales into multi-year platform contracts.

Specialization is intensifying. Some vendors focus on low-bridge avoidance for urban freight, others on brake-performance monitoring for European operators. This vertical depth is displacing generic “dots-on-a-map” platforms. Early adopters report 35% cuts in safety incidents after rolling out connected driver training that translates telematics data into micro-learning videos.^{[3]Samsara, “Connected Training Case Study,” samsara.com}

By Vehicle Type: Off-highway equipment digitization accelerates

Light commercial vehicles hold the largest installed base because parcel, utilities, and municipal fleets dominate urban roads. However, the highest upside resides in construction and mining machinery where digital penetration is under 25%. Off-highway telematics deliver paybacks by curbing idle hours and predicting hydraulic failures, explaining the 17.3% CAGR outlook. When OEM dashboards detect anomalies, remote engineers can disable engines to deter theft or trigger mobile service before a breakdown occurs.

For heavy trucks, ELD expansion keeps hardware demand buoyant, yet incremental revenue increasingly comes from over-the-air reefer temperature compliance and trailer-door sensors that ensure cargo integrity. Fleet managers replace clipboards with digital inspections that upload videos, shrinking roadside-repair costs and warranty disputes. The sector’s trajectory shows that hardware attachment paves the way, but analytics sustains value creation.

By Fleet Size: Enterprise adoption drives technology integration

Operators with 50-199 assets form the adoption core because complexity matches ROI sweet spots. Enterprise fleets above 1,000 vehicles are next in line, swelling 15.5% per year as multinationals standardize global safety policies and capture carbon data for ESG reporting. In contrast, small businesses hesitate until subscription pricing aligns with cash flow. Pay-as-you-go models and bundled insurance incentives are gradually removing that hurdle.

Large carriers increasingly demand platform breadth over point solutions. One vendor added 2,500 enterprise accounts that each spend more than USD 100,000 annually on telematics, signaling appetite for integrated maintenance authorization, dispatch, and compliance suites. Mid-market buyers emulate these playbooks as they expand geographically, suggesting a cascading effect on software penetration.

Fleet Management Solutions Market: Market Share by Fleet Size — Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.

By End-User Industry: Construction and mining lead digital transformation

Freight transport still dominates volumes at 42%, but resource extraction sectors are closing the gap because safety compliance and equipment utilization directly impact profitability. Telematics that cut under-loading and prevent overspeeding in haul roads improve cycle time and fuel burn. Operators report 30% drops in unscheduled downtime and half-million-dollar annual savings after integrating inspection apps with OEM diagnostics feeds.

Energy utilities adopt fleet platforms to coordinate outage crews and log carbon intensity of service trips. Public agencies pivot to electric patrol cars managed over a single pane of glass, logging energy consumption and battery health in real time. The breadth of use cases indicates the fleet management solutions market is evolving from a logistics tool into a cross-industry operational backbone.

Geography Analysis

North America retains 36% share of the fleet management solutions market, bolstered by enforced electronic logs and mature cellular networks. Carriers face stiffer penalties for hours-of-service violations, so telematics is non-negotiable. Insurers reward safe-driving records captured via video AI, and cross-border operations between the United States, Canada, and Mexico elevate demand for unified compliance dashboards. The region also sees higher ransomware exposure, motivating investments in endpoint security modules.

Asia Pacific exhibits the highest growth at 15.4% CAGR. China’s smart-city pilots embed telematics feeds into traffic command centers, enabling green-wave signals that favor electric delivery vans. In India, e-commerce boomers deploy route optimizers to tame congestion and shrink delivery windows. Australia and New Zealand now require electronic work diaries for heavy vehicles, lifting total installed units to an expected 2.7 million by 2028. Fragmented telecom coverage in parts of Southeast Asia pushes hybrid edge-cloud models that buffer data when 4G is unavailable.

Europe records steady demand behind the EU’s 2040 CO₂ targets. Distance-based tolling tied to emission classes forces fleets to measure and report real-time fuel intensity, putting analytics at the heart of dispatch. GDPR elevates privacy-by-design architectures, rewarding vendors that encrypt at rest and in transit. A UK logistics firm trimmed 50,000 tonnes of CO₂ by using AI to blend telematics trip data with load factors, underscoring how sustainability mandates intersect with profitability. Adoption challenges persist in Eastern Europe where cellular tariffs remain high, but shared-services models are emerging.

Fleet Management Solutions Market CAGR (%), Growth Rate by Region — Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.

Competitive Landscape

The sector remains moderately fragmented, yet consolidation is accelerating as suppliers seek scale for AI training, global support, and hardware sourcing. Recent examples include a USD 200 million purchase that added 2.6 million subscribers to one platform, pushing combined revenue past USD 400 million. Another acquirer folded a global telematics division into its open OS, gaining OEM integrations and a direct route to Tier-1 carriers.

Differentiation shifts from GPS accuracy to data science depth. Patents filed in 2024–2025 center on trajectory optimization, sensor fusion for driver monitoring, and predictive brake-wear algorithms. Qualcomm secured IP on camera-radar fusion that raises distraction detection sensitivity by 25%.^{[4]Qualcomm Technologies, “Sensor Fusion Patent Application,” qualcomm.com} Edge AI chips now deliver 30 TOPS at sub-5-watt budgets, enabling in-vehicle inferencing without cloud round-trip. Vendors with chip partnerships enjoy cost advantages amid silicon carbide shortages.

Vertical specialization is another battleground. One provider dominates waste-management fleets with route sequencing tied to bin-lift sensors, while another leads in public safety through automated license-plate recognition. Customer stickiness grows when vendors bundle domain expertise, compliance templates, and local language support. The imperative for robust cybersecurity and multi-OEM compatibility favors incumbents with long tenures and diversified supplier bases.

Fleet Management Solutions Industry Leaders

Cisco Systems Inc.
AT&T Inc.
Ctrack (Inseego Corp.)
Geotab Inc.
Samsara Inc.
*Disclaimer: Major Players sorted in no particular order

Fleet Management Solutions Market Concentration — Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.

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Recent Industry Developments

March 2025: Fleetio raised USD 450 million in Series D and bought Auto Integrate to create an end-to-end maintenance authorization network spanning 110,000 repair shops across North America.
March 2025: Bobcat Company released Remote Engine Disable/Enable via Machine IQ, delivering two-way control for security and service.
February 2025: Platform Science finalized the acquisition of Trimble’s transportation telematics units, integrating them into its Virtual Vehicle ecosystem.
January 2025: Geotab expanded mixed-fleet support to 157 OEMs covering almost 15,000 models through enhanced data access agreements.

Table of Contents for Fleet Management Solutions Industry Report

1. INTRODUCTION

1.1 Study Assumptions and Market Definition
1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET LANDSCAPE

4.1 Market Overview
4.2 Market Drivers
- 4.2.1 Rapid rise in OEM-embedded telematics
- 4.2.2 5G and NB-IoT rollout lowering latency
- 4.2.3 Usage-based insurance partnerships
- 4.2.4 Stricter regional CO? / ELD mandates
- 4.2.5 Edge-AI enabling predictive maintenance
- 4.2.6 Commercial drone fleets creating adjacency
4.3 Market Restraints
- 4.3.1 Cyber-ransomware risk on connected fleets
- 4.3.2 Fragmented regulatory data-sharing rules
- 4.3.3 Driver privacy backlash (under-reported)
- 4.3.4 Silicon carbide power electronics supply bottlenecks
4.4 Value Chain Analysis
4.5 Regulatory Landscape
4.6 Technological Outlook
4.7 Porter's Five Forces Analysis
- 4.7.1 Bargaining Power of Suppliers
- 4.7.2 Bargaining Power of Buyers
- 4.7.3 Threat of New Entrants
- 4.7.4 Threat of Substitutes
- 4.7.5 Competitive Rivalry
4.8 Impact of Semiconductor Shortage

5. MARKET SIZE AND GROWTH FORECASTS (VALUE)

5.1 By Deployment Model
- 5.1.1 On-Premise
- 5.1.2 Cloud (SaaS)
- 5.1.3 Hybrid
5.2 By Solution Type
- 5.2.1 Asset / Vehicle Tracking
- 5.2.2 Driver Management and Safety
- 5.2.3 Operations and Dispatch
- 5.2.4 Fuel and Route Optimization
- 5.2.5 Compliance and Risk
- 5.2.6 Analytics and Reporting
5.3 By Vehicle Type
- 5.3.1 Light Commercial Vehicles (less than 3.5 t)
- 5.3.2 Heavy Trucks (above 3.5 t)
- 5.3.3 Buses and Coaches
- 5.3.4 Trailers / Semi-trailers
- 5.3.5 Off-highway and Construction Equipment
5.4 By Fleet Size
- 5.4.1 less than 50 Vehicles
- 5.4.2 50-199 Vehicles
- 5.4.3 200-999 Vehicles
- 5.4.4 above or equal to 1,000 Vehicles
5.5 By End-User Industry
- 5.5.1 Transportation and Logistics
- 5.5.2 Energy and Utilities
- 5.5.3 Construction and Mining
- 5.5.4 Manufacturing and Retail Distribution
- 5.5.5 Government and Public Safety
- 5.5.6 Others (Rental, Waste Mgmt.)
5.6 By Geography
- 5.6.1 North America
- 5.6.1.1 United States
- 5.6.1.2 Canada
- 5.6.1.3 Mexico
- 5.6.2 South America
- 5.6.2.1 Brazil
- 5.6.2.2 Argentina
- 5.6.3 Europe
- 5.6.3.1 Germany
- 5.6.3.2 United Kingdom
- 5.6.3.3 France
- 5.6.3.4 Spain
- 5.6.3.5 Italy
- 5.6.3.6 Russia
- 5.6.4 Asia Pacific
- 5.6.4.1 China
- 5.6.4.2 India
- 5.6.4.3 Japan
- 5.6.4.4 South Korea
- 5.6.4.5 ASEAN
- 5.6.4.6 Rest of Asia Pacific
- 5.6.5 Middle East and Africa
- 5.6.5.1 Middle East
- 5.6.5.1.1 Saudi Arabia
- 5.6.5.1.2 UAE
- 5.6.5.1.3 Turkey
- 5.6.5.2 Africa
- 5.6.5.2.1 South Africa
- 5.6.5.2.2 Nigeria
- 5.6.5.2.3 Egypt

6. COMPETITIVE LANDSCAPE

6.1 Market Concentration
6.2 Strategic Moves (MandA / JVs)
6.3 Market Share Analysis
6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products and Services, and Recent Developments)
- 6.4.1 AT&T Inc.
- 6.4.2 Cisco Systems Inc.
- 6.4.3 Geotab Inc.
- 6.4.4 Verizon Communications Inc. (Verizon Connect)
- 6.4.5 Trimble Inc.
- 6.4.6 Omnitracs LLC
- 6.4.7 Samsara Inc.
- 6.4.8 MiX Telematics
- 6.4.9 TomTom N.V.
- 6.4.10 Ctrack (Inseego)
- 6.4.11 KeepTruckin (Motive)
- 6.4.12 Fleet Complete
- 6.4.13 Donlen (Hertz)
- 6.4.14 Azuga Inc.
- 6.4.15 Chevin Fleet Solutions
- 6.4.16 Octo Telematics
- 6.4.17 Tenna LLC
- 6.4.18 Odoo SA
- 6.4.19 Rarestep Inc. (Fleetio)
- 6.4.20 One Step GPS
- 6.4.21 Advance Tracking Technologies
- 6.4.22 Astrata Group
- 6.4.23 Switchboard Inc.
- 6.4.24 Transflo
- 6.4.25 Go Fleet
- 6.4.26 Wheels Inc.
- 6.4.27 I.D. Systems (PowerFleet)
- 6.4.28 Others (white-listed)

7. MARKET OPPORTUNITIES AND FUTURE OUTLOOK

7.1 White-space and Unmet-need Assessment

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Global Fleet Management Solutions Market Report Scope

The scope of the study focuses on the global market analysis of fleet management solutions. The study also tracks the key market parameters, underlying growth influencers, and major vendors operating in the industry, which supports the market estimations and growth rates over the forecast period. The scope of the report encompasses market sizing and forecast for segmentation by deployment, by solution, by end-user industry, and by geography. The study further analyzes the impact that COVID-19 had on the ecosystem. The Fleet Management Solutions market is segmented by deployment model (on-premise, on-demand, hybrid), by solution (asset management, information management, driver management, safety & compliance management, risk management, operations management), by end-user (transportation, energy, construction, manufacturing), and by geography (North America (United States, Canada), Europe (United Kingdom, Germany, France, and rest of Europe), Asia Pacific (China, Japan, India, and Rest of Asia-Pacific), Latin America (Brazil, Argentina, and Rest of Latin America), and Middle East and Africa (United Arab Emirates, Saudi Arabia, South Africa, and rest of Middle East and Africa)).

The market sizes and forecasts are provided in terms of value (USD) for all the above segments.

By Deployment Model	On-Premise
	Cloud (SaaS)
	Hybrid
By Solution Type	Asset / Vehicle Tracking
	Driver Management and Safety
	Operations and Dispatch
	Fuel and Route Optimization
	Compliance and Risk
	Analytics and Reporting
By Vehicle Type	Light Commercial Vehicles (less than 3.5 t)
	Heavy Trucks (above 3.5 t)
	Buses and Coaches
	Trailers / Semi-trailers
	Off-highway and Construction Equipment
By Fleet Size	less than 50 Vehicles
	50-199 Vehicles
	200-999 Vehicles
	above or equal to 1,000 Vehicles
By End-User Industry	Transportation and Logistics
	Energy and Utilities
	Construction and Mining
	Manufacturing and Retail Distribution
	Government and Public Safety
	Others (Rental, Waste Mgmt.)

By Geography	North America	United States
		Canada
		Mexico

	South America	Brazil
		Argentina

	Europe	Germany
		United Kingdom
		France
		Spain
		Italy
		Russia

	Asia Pacific	China
		India
		Japan
		South Korea
		ASEAN
		Rest of Asia Pacific

	Middle East and Africa	Middle East	Saudi Arabia
			UAE
			Turkey

		Africa	South Africa
			Nigeria
			Egypt

By Deployment Model

On-Premise

Cloud (SaaS)

Hybrid

By Solution Type

Asset / Vehicle Tracking

Driver Management and Safety

Operations and Dispatch

Fuel and Route Optimization

Compliance and Risk

Analytics and Reporting

By Vehicle Type

Light Commercial Vehicles (less than 3.5 t)

Heavy Trucks (above 3.5 t)

Buses and Coaches

Trailers / Semi-trailers

Off-highway and Construction Equipment

By Fleet Size

less than 50 Vehicles

50-199 Vehicles

200-999 Vehicles

above or equal to 1,000 Vehicles

By End-User Industry

Transportation and Logistics

Energy and Utilities

Construction and Mining

Manufacturing and Retail Distribution

Government and Public Safety

Others (Rental, Waste Mgmt.)

By Geography

North America	United States
	Canada
	Mexico
South America	Brazil
	Argentina
Europe	Germany
	United Kingdom
	France
	Spain
	Italy
	Russia
Asia Pacific	China
	India
	Japan
	South Korea
	ASEAN
	Rest of Asia Pacific

Middle East and Africa	Middle East	Saudi Arabia
		UAE
		Turkey

	Africa	South Africa
		Nigeria
		Egypt

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Key Questions Answered in the Report

What is the current size of the fleet management solutions market?

The fleet management solutions market generated USD 32.87 billion in 2025 and is on track to reach USD 67.03 billion by 2030.

Which deployment model is growing the fastest?

Hybrid architectures are rising at a 20.4% CAGR because they balance data sovereignty with scalable cloud analytics.

How will 5G impact fleet management?

5G enables sub-10 millisecond latency, supporting real-time route updates, in-vehicle edge AI, and up to 20% fuel savings for urban delivery fleets.

Which region offers the highest growth potential?

Asia Pacific shows the strongest outlook with a 15.4% CAGR, driven by smart-city projects, e-commerce expansion, and regulatory pushes for connected vehicles.

What are the main cybersecurity concerns for connected fleets?

Ransomware and data theft are rising, especially among operators running outdated software; industry bodies now recommend zero-trust architectures and endpoint monitoring on every telematics gateway.

How are usage-based insurance models influencing adoption?

Insurers tie premiums to driving behavior captured through telematics, so safer fleets enjoy lower rates, accelerating technology investment even among small carriers.

Page last updated on: July 8, 2025