There is a growing opportunity for smart fleet management providers to expand their services to new regions and markets, with the increasing globalization of businesses.
The key element driving the market for smart fleet management is the vehicle telematics. The integration of telematics systems provides valuable data on vehicle location, maintenance needs, and driver behavior.
Artificial intelligence (AI) and machine learning are being leveraged to analyze vast amounts of data generated by smart fleet systems, which enables predictive maintenance, route optimization, and data-driven decision-making.