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    US B2B Connected Fleet Services Market

    ID: MRFR/ICT/11548-HCR
    100 Pages
    Garvit Vyas
    October 2025

    US B2B Connected Fleet Services Market Research Report: By Service Type (Vehicle Tracking, Remote Diagnostics, Driver Management, Stolen Vehicle Tracking, Others), By Fleet Service Type (Conventional, Electric) and By Application (Passenger Cars, Trucks, Buses, Others) - Forecast to 2035

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    US B2B Connected Fleet Services Market Infographic
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    US B2B Connected Fleet Services Market Summary

    The United States B2B Connected Fleet Services market is projected to grow significantly from 2.5 USD billion in 2024 to 19.4 USD billion by 2035.

    Key Market Trends & Highlights

    US B2B Connected Fleet Services Key Trends and Highlights

    • The market is expected to achieve a compound annual growth rate of 20.47 percent from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 19.4 USD billion, indicating robust growth potential.
    • In 2024, the market is valued at 2.5 USD billion, laying a strong foundation for future expansion.
    • Growing adoption of connected technologies due to increased demand for operational efficiency is a major market driver.

    Market Size & Forecast

    2024 Market Size 2.5 (USD Billion)
    2035 Market Size 19.4 (USD Billion)
    CAGR (2025-2035) 20.47%

    Major Players

    Sierra Wireless, Teletrac, Continental, Geotab, Omnicomm, Fleet Complete, Trimble, Michelin, INSPIRATA, Zebra Technologies, Fleetmatics, Centrica, Verizon, Nauto, Teletrac Navman

    US B2B Connected Fleet Services Market Trends

    The US B2B Connected Fleet Services Market is notably influenced by several key market drivers, including advancements in telematics technology and the growing emphasis on operational efficiency. Businesses are increasingly adopting connected fleet services to leverage real-time data, improve route optimization, and enhance vehicle maintenance.

    Market Segment Insights

    B2B Connected Fleet Services Market Service Type Insights

    The US B2B Connected Fleet Services Market showcases a diverse range of service types that cater to the various needs of businesses managing fleets. Among the primary service types, Vehicle Tracking stands out as a vital component, allowing businesses to monitor their assets in real time. This service is significant not only for improving logistical efficiency but also for reducing fuel costs and enhancing safety by providing data on driving patterns.

    Remote Diagnostics is another critical offering that allows businesses to monitor vehicle health and preemptively address mechanical issues before they lead to costly breakdowns, thus minimizing downtime and optimizing scheduling. Driver Management is essential for any fleet operation, focusing on promoting safe driving behavior and ensuring compliance with regulations, which can significantly cut accident-related costs and boost overall productivity. Additionally, Stolen Vehicle Tracking has become increasingly important in the face of rising vehicle theft; integrating this service can provide peace of mind to fleet operators by facilitating the swift recovery of vehicles.

    The segment also includes various other services, which could encompass technologies such as route optimization and advanced data analytics, addressing specific market needs as they arise.The continued evolution of technology in this field is driving innovation and enhancing service capabilities, allowing businesses to harness data more effectively for decision-making. As the US B2B Connected Fleet Services Market evolves, the increasing demand for these service types reflects the growing emphasis on operational efficiency and asset management among companies.

    Overall, each service type offers distinct advantages that cater to the comprehensive needs of fleet owners, highlighting the importance of investing in connected fleet services to drive successful business outcomes.

    Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review

    B2B Connected Fleet Services Market Fleet Service Type Insights

    The US B2B Connected Fleet Services Market is experiencing significant growth, driven by the increasing need for enhanced operational efficiency and optimized fleet management solutions. Within the Fleet Service Type segment, two key categories are shaping the market: Conventional and Electric vehicles. Conventional fleet services have long been the backbone of the industry, offering proven reliability and a vast infrastructure for maintenance and support. However, Electric vehicles are rapidly gaining traction due to their environmental benefits and the growing emphasis on sustainability.

    The demand for Electric fleet services is also being fueled by government incentives aimed at reducing carbon emissions and promoting cleaner technologies. As businesses strive to adopt greener practices, the Electric category is expected to play an increasingly important role, complementing the existing Conventional services. The integration of advanced connectivity features in both types of fleets is enhancing data visibility, leading to improved decision-making and real-time monitoring. Overall, the ongoing evolution of the US B2B Connected Fleet Services Market reflects the dynamics of technological advancements and shifting consumer preferences, supporting a robust landscape for future innovations and service enhancements.

    B2B Connected Fleet Services Market Application Insights

    The US B2B Connected Fleet Services Market is a rapidly evolving sector, prominently categorized by various applications that cater to diverse vehicle types, including Passenger Cars, Trucks, Buses, and Others. Passenger Cars represent a significant part of the market, driven by increasing adoption of telematics and connectivity features aimed at enhancing safety and efficiency. Trucks dominate the logistics and transportation sectors, fueling demand for real-time monitoring and fleet management solutions that optimize route planning and reduce operational costs. Buses, particularly in urban areas, are increasingly leveraging connected services to improve public transportation efficacy and passenger experience.

    The 'Others' category includes various vehicle types such as vans and specialty vehicles, contributing to the growing needs of businesses looking to leverage technology for tracking and management. The rising emphasis on sustainability and regulatory compliance is pushing these application areas towards integrating advanced analytics and Internet of Things (IoT) technologies. Together, these applications are shaping the trajectory of the US B2B Connected Fleet Services Market as organizations seek innovative solutions to drive operational efficiency and enhance service delivery.

    Get more detailed insights about US B2B Connected Fleet Services Market Research Report - Forecast till 2035

    Key Players and Competitive Insights

    The US B2B Connected Fleet Services Market is characterized by a rapidly evolving landscape where technology and digital solutions converge to enhance fleet management and operations. This market is driven by the increasing need for companies to optimize their logistics, reduce operational costs, and enhance their service delivery through connected technologies. Competitive insights reveal a robust presence of various players who leverage IoT, AI, and big data analytics to provide innovative fleet management solutions that cater specifically to the B2B sector.

    With the growing emphasis on sustainability and efficient resource management, this market is witnessing heightened competition as companies strive to differentiate their offerings and capitalize on emerging trends such as electrification and autonomous vehicles.Sierra Wireless stands out in the US B2B Connected Fleet Services Market with its comprehensive suite of IoT solutions tailored to meet the unique needs of fleet operators. The company is recognized for its advanced connectivity solutions, including hardware and software platforms that seamlessly integrate with various fleet management systems.

    Sierra Wireless has developed a reputation for reliability and performance, enabling businesses to monitor fleet operations in real time. Strong partnerships with major telecommunications providers enhance its market presence, ensuring robust connectivity for clients. The company’s strengths lie in its innovative technology, ability to provide scalable solutions, and a strong focus on customer support, positioning it favorably against competitors in the industry.Teletrac has established itself as a significant player in the US B2B Connected Fleet Services Market through its suite of fleet management solutions, which include GPS tracking, vehicle analytics, and driver behavior monitoring.

    The company’s key products are designed for various industries, helping businesses maximize efficiency while ensuring compliance with regulatory standards. Teletrac’s strength lies in its user-friendly interface and advanced reporting features that provide actionable insights to fleet managers. The company has experienced growth through strategic mergers and acquisitions, broadening its technology offerings and customer base. Teletrac's commitment to innovation and ongoing development of new features keeps it competitive in a dynamic market, providing robust tools that support fleet optimization in the US region.

    Key Companies in the US B2B Connected Fleet Services Market market include

    Industry Developments

    In recent months, the US B2B Connected Fleet Services Market has seen significant developments and growth, particularly with companies such as Geotab, Verizon, and Sierra Wireless expanding their service offerings. In April 2023, Geotab announced enhancements to its platform that include advanced telematics features aimed at improving fleet efficiency and safety. In the same month, Verizon launched a new driver management solution designed to help businesses enhance driver safety and performance. Additionally, Trimble has made strides in integrating artificial intelligence to optimize route planning for fleet operations.

    In terms of mergers and acquisitions, Fleet Complete acquired a telematics company in September 2023, which is expected to strengthen its market position and enhance service delivery. Furthermore, Teletrac Navman recently announced a strategic partnership with Zebra Technologies to improve vehicle tracking and asset management solutions. The market has also been affected by the ongoing digitization trends, pushing companies like Continental to invest in Research and Development for data-driven insights. Over the past few years, investments in connected fleet technology have surged, indicating a robust demand for innovative solutions in fleet management across various sectors in the US.

    Market Segmentation

    Outlook

    • Passenger Cars
    • Trucks
    • Buses
    • Others
    •  

    B2B Connected Fleet Services Market Application Outlook

    • Passenger Cars
    • Trucks
    • Buses
    • Others
    •  

    B2B Connected Fleet Services Market Service Type Outlook

    • Vehicle Tracking
    • Remote Diagnostics
    • Driver Management
    • Stolen Vehicle Tracking
    • Others

    B2B Connected Fleet Services Market Fleet Service Type Outlook

    • Conventional
    • Electric

    Report Scope

    Report Attribute/Metric Source: Details
    MARKET SIZE 2018 2.07(USD Billion)
    MARKET SIZE 2024 2.5(USD Billion)
    MARKET SIZE 2035 19.4(USD Billion)
    COMPOUND ANNUAL GROWTH RATE (CAGR) 20.475% (2025 - 2035)
    REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR 2024
    MARKET FORECAST PERIOD 2025 - 2035
    HISTORICAL DATA 2019 - 2024
    MARKET FORECAST UNITS USD Billion
    KEY COMPANIES PROFILED Sierra Wireless, Teletrac, Continental, Geotab, Omnicomm, Fleet Complete, Trimble, Michelin, INSPIRATA, Zebra Technologies, Fleetmatics, Centrica, Verizon, Nauto, Teletrac Navman
    SEGMENTS COVERED Service Type, Fleet Service Type, Application
    KEY MARKET OPPORTUNITIES Telematics and data analytics integration, Electric vehicle fleet management, Enhanced route optimization solutions, Compliance and regulatory support tools, Driver safety and performance monitoring
    KEY MARKET DYNAMICS IoT integration, Real-time data analytics, Fleet optimization, Regulatory compliance, Cost reduction strategies
    COUNTRIES COVERED US

    FAQs

    What is the projected market size of the US B2B Connected Fleet Services Market in 2024?

    The market is expected to be valued at 2.5 billion USD in 2024.

    What is the expected market value for the US B2B Connected Fleet Services Market by 2035?

    The market is projected to reach a value of 19.4 billion USD by 2035.

    What is the expected Compound Annual Growth Rate (CAGR) for the US B2B Connected Fleet Services Market from 2025 to 2035?

    The market is anticipated to grow at a CAGR of 20.475 percent during the period from 2025 to 2035.

    Which service type in the US B2B Connected Fleet Services Market has the highest projected value in 2035?

    Vehicle Tracking is expected to hold the highest value at approximately 5.963 billion USD in 2035.

    Who are the key players in the US B2B Connected Fleet Services Market?

    Major players include Sierra Wireless, Teletrac, Geotab, Continental, and Verizon among others.

    What is the expected market size for Remote Diagnostics in 2035?

    The market for Remote Diagnostics is projected to reach approximately 3.975 billion USD by 2035.

    Which service type is expected to show significant growth within the US B2B Connected Fleet Services Market?

    Driver Management is anticipated to demonstrate substantial growth, reaching around 3.18 billion USD by 2035.

    What is the expected value for Stolen Vehicle Tracking in 2024?

    The market size for Stolen Vehicle Tracking is valued at 0.357 billion USD in 2024.

    Is there an emerging trend impacting the growth of the US B2B Connected Fleet Services Market?

    Increasing demand for improved vehicle tracking and fleet management solutions is a significant emerging trend.

    What are the projected values for Others under service types in the market by 2035?

    The Others segment is expected to be valued at approximately 3.498 billion USD in 2035.

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