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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 Summary

As per MRFR analysis, the US b2b connected-fleet-services market size was estimated at 2487.6 USD Million in 2024. The US b2b connected-fleet-services market is projected to grow from 3007.01 USD Million in 2025 to 20035.0 USD Million by 2035, exhibiting a compound annual growth rate (CAGR) of 20.88% during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The US The US b2b connected-fleet-services market is experiencing robust growth. This growth is driven by technological advancements and a focus on sustainability.

  • The largest segment in the US b2b connected-fleet-services market is telematics, while the fastest-growing segment is data analytics.
  • There is a notable increase in the adoption of telematics solutions across various industries, enhancing fleet management efficiency.
  • A growing emphasis on sustainability is influencing fleet operators to adopt eco-friendly practices and technologies.
  • Rising demand for fleet efficiency and technological advancements in connectivity are key drivers propelling market growth.

Market Size & Forecast

2024 Market Size 2487.6 (USD Million)
2035 Market Size 20035.0 (USD Million)

Major Players

Teletrac Navman (NZ), Geotab (CA), Verizon Connect (US), Fleet Complete (CA), Omnicomm (RU), Samsara (US), Teletrac (US), Zubie (US)

US B2B Connected Fleet Services Market Trends

The b2b connected-fleet-services market is currently experiencing a transformative phase. This phase is driven by advancements in technology and increasing demand for efficiency. Fleet operators are increasingly adopting connected solutions to enhance operational performance, reduce costs, and improve safety. The integration of telematics, IoT devices, and data analytics is enabling businesses to monitor vehicle performance in real-time, optimize routes, and manage fuel consumption effectively. This shift towards connectivity is not merely a trend but appears to be a fundamental change in how fleets are managed, suggesting a long-term evolution in the industry. Moreover, regulatory pressures and environmental concerns are pushing companies to adopt greener practices. Fleet managers are likely to prioritize solutions that not only enhance productivity but also contribute to sustainability goals. Reducing carbon footprints and complying with stringent regulations are fostering innovation in the b2b connected-fleet-services market. As a result, businesses are exploring alternative fuel options and electric vehicles, which may reshape the landscape of fleet management in the coming years. Overall, the market is poised for growth, driven by technological advancements and a shift towards sustainable practices.

Increased Adoption of Telematics

Telematics technology is becoming a cornerstone in the b2b connected-fleet-services market. Companies are leveraging this technology to gather data on vehicle performance, driver behavior, and maintenance needs. This data-driven approach allows for proactive decision-making, enhancing operational efficiency and reducing costs.

Focus on Sustainability

Sustainability is emerging as a key driver in the b2b connected-fleet-services market. Businesses are increasingly seeking solutions that align with environmental goals. This trend includes the adoption of electric vehicles and alternative fuel sources, which may significantly impact fleet operations and management.

Enhanced Data Analytics Capabilities

The role of data analytics in the b2b connected-fleet-services market is expanding. Companies are utilizing advanced analytics to interpret vast amounts of data generated by connected vehicles. This capability enables better forecasting, improved route planning, and enhanced overall fleet performance.

US B2B Connected Fleet Services Market Drivers

Rising Demand for Fleet Efficiency

The b2b connected-fleet-services market is experiencing a notable surge in demand for enhanced fleet efficiency. Businesses are increasingly recognizing the importance of optimizing their fleet operations to reduce costs and improve service delivery. According to recent data, companies that implement connected fleet solutions can achieve up to 20% savings in operational costs. This drive for efficiency is fueled by the need to streamline logistics, minimize downtime, and enhance route planning. As a result, fleet managers are turning to connected services that provide real-time data and insights, enabling them to make informed decisions. The emphasis on efficiency is likely to continue shaping the b2b connected-fleet-services market, as organizations seek to remain competitive in a rapidly evolving landscape.

Increased Investment in Fleet Technology

Investment in fleet technology is a significant driver of growth in the b2b connected-fleet-services market. Companies are allocating substantial budgets to upgrade their fleet management systems and incorporate advanced technologies. This trend is driven by the need to enhance operational efficiency, reduce costs, and improve service delivery. Recent statistics suggest that the market for fleet management technology is projected to reach $30 billion by 2026, reflecting a compound annual growth rate (CAGR) of 10%. As businesses prioritize technological upgrades, the demand for connected fleet services is expected to rise, fostering innovation and competition within the market.

Regulatory Compliance and Safety Standards

Stringent regulatory compliance and safety standards are increasingly influencing the b2b connected-fleet-services market. Governments are implementing regulations that mandate the use of telematics and connected services to enhance road safety and reduce emissions. For example, the Federal Motor Carrier Safety Administration (FMCSA) has established guidelines that encourage the adoption of electronic logging devices (ELDs) to monitor driver hours and improve safety. Compliance with these regulations not only ensures legal adherence but also enhances the reputation of businesses in the eyes of consumers. As regulations continue to evolve, the demand for connected fleet services that facilitate compliance is expected to grow, further propelling the market.

Technological Advancements in Connectivity

Technological advancements are playing a pivotal role in the evolution of the b2b connected-fleet-services market. Innovations in IoT, AI, and machine learning are enabling more sophisticated connectivity solutions that enhance fleet management capabilities. For instance, the integration of AI-driven analytics allows for predictive maintenance, which can reduce vehicle downtime by as much as 30%. Furthermore, the proliferation of 5G technology is expected to enhance data transmission speeds, facilitating real-time communication between vehicles and fleet management systems. This technological momentum is likely to drive the adoption of connected fleet services, as businesses seek to leverage these advancements to improve operational efficiency and customer satisfaction.

Growing Focus on Data-Driven Decision Making

In the b2b connected-fleet-services market, there is a growing emphasis on data-driven decision making. Businesses are increasingly leveraging data analytics to gain insights into fleet performance, driver behavior, and operational efficiency. The ability to analyze vast amounts of data allows fleet managers to identify trends and make informed decisions that can lead to improved productivity. Reports indicate that companies utilizing data analytics in fleet management can enhance their operational efficiency by up to 15%. This trend towards data-centric strategies is likely to continue, as organizations recognize the value of actionable insights in optimizing their fleet operations.

Market Segment Insights

By Service Type: Vehicle Tracking (Largest) vs. Remote Diagnostics (Fastest-Growing)

The service type segment in the US b2b connected-fleet-services market is characterized by a diverse range of offerings. Vehicle Tracking holds the largest share, primarily due to its fundamental role in enhancing fleet management and operational efficiency. Following closely is Remote Diagnostics, which, while currently smaller in share, is experiencing significant growth due to the increasing demand for proactive vehicle maintenance and real-time performance insights. Growth trends in the service type segment are being driven by technological advancements and the rising emphasis on safety and efficiency. As businesses continue to adopt connected fleet services, Driver Management and Stolen Vehicle Tracking and Recovery are also gaining traction. The rapid digital transformation in the transportation sector is expected to propel these services further, making them integral to modern fleet operations.

Vehicle Tracking (Dominant) vs. Remote Diagnostics (Emerging)

Vehicle Tracking is a cornerstone of fleet management, providing companies with vital information regarding asset locations, usage patterns, and driver behavior. This service enables businesses to optimize routes, reduce fuel costs, and improve operational efficiencies, establishing itself as the dominant service type. Conversely, Remote Diagnostics, while emerging, offers significant advantages in predictive maintenance and fault diagnosis, reducing downtime and increasing reliability. As vehicles become more technologically advanced, the relevance of Remote Diagnostics is on the rise, appealing to fleet managers who prioritize both cost savings and performance enhancement.

By Fleet Type: Conventional (Largest) vs. Electric (Fastest-Growing)

In the US b2b connected-fleet-services market, the fleet type segment is primarily dominated by Conventional fleets, which hold a significant market share. This segment benefits from established infrastructure and operational familiarity for businesses, allowing for streamlined management and reduced transition costs during implementation. In contrast, Electric fleets, while currently smaller in size, are rapidly gaining traction due to increasing reliance on sustainable technologies and regulations favoring green initiatives. Growth trends in the segment are shaped by various factors, including advancements in battery technology, shifts in regulatory landscapes, and growing environmental awareness. Electric fleets are set to experience the fastest growth as companies aim to meet stricter emissions targets and capitalize on potential cost savings from reduced fuel expenses. The shift towards electrification represents a broader trend in the transportation sector, with significant investments being made to enhance charging infrastructure and support for electric vehicles.

Fleet Type: Conventional (Dominant) vs. Electric (Emerging)

Conventional fleets are characterized by their reliance on internal combustion engines and a well-established support ecosystem within the logistics and transportation sectors. This dominance stems from widespread usage, lower initial investment costs, and a strong integration into existing operational frameworks. On the other hand, Electric fleets represent the emerging segment, distinguished by their potential for environmentally friendly operations and lower lifecycle costs. With government incentives and growing consumer interest, Electric fleets are poised to disrupt the market, attracting investments aimed at expanding charging infrastructure and advancing battery performance, thus enabling a shift towards more sustainable transportation options.

By Application: Passenger Cars (Largest) vs. Trucks (Fastest-Growing)

In the US b2b connected-fleet-services market, the application segments showcase a diverse distribution with Passenger Cars holding the largest market share. Trucks follow closely behind, reflecting their significant role in transport logistics. Buses and other vehicles also contribute, but their shares are modest compared to the dominant presence of Passenger Cars and Trucks. This distribution highlights the varied focus across applications, emphasizing the importance of each segment in addressing specific fleet needs. Growth trends in the application segment indicate a promising future, especially for Trucks, which are recognized as the fastest-growing category. Factors driving this growth include advancements in connectivity technologies and increasing demand for efficiency in logistics operations. This trend is bolstered by a push for sustainable practices, leading to innovations in both Passenger Cars and Trucks, aligning them with modern transportation needs in the US b2b connected-fleet-services market.

Passenger Cars (Dominant) vs. Trucks (Emerging)

Passenger Cars in the US b2b connected-fleet-services market represent the dominant application segment, characterized by high deployment across various businesses. Their integration enables firms to improve fleet management, enhance driver safety, and optimize routes, thus significantly increasing operational efficiency. On the other hand, Trucks are emerging rapidly due to the rising demand for freight services and logistic solutions. With enhanced connectivity features, Trucks are adapting to the evolving market requirements, emphasizing the importance of real-time data and monitoring. This dual dynamic showcases how both Passenger Cars and Trucks are adapting to meet the challenges of a modern fleet environment, driving innovation and growth in the application landscape.

Get more detailed insights about US B2B Connected Fleet Services Market

Key Players and Competitive Insights

The b2b connected-fleet-services market is currently characterized by a dynamic competitive landscape, driven by technological advancements and increasing demand for efficiency in fleet management. Key players such as Verizon Connect (US), Geotab (CA), and Samsara (US) are at the forefront, each adopting distinct strategies to enhance their market positioning. Verizon Connect (US) focuses on integrating advanced telematics solutions with AI capabilities, aiming to optimize fleet operations and reduce costs. Meanwhile, Geotab (CA) emphasizes data analytics and cloud-based solutions, which allows for real-time insights into fleet performance, thereby enhancing decision-making processes. Samsara (US) is leveraging IoT technology to provide comprehensive fleet management solutions, which includes vehicle tracking and driver safety features, thus appealing to a broad customer base. Collectively, these strategies indicate a trend towards innovation and digital transformation, shaping a competitive environment that prioritizes technological integration and customer-centric solutions.

In terms of business tactics, companies are increasingly localizing their operations and optimizing supply chains to enhance service delivery. The market appears moderately fragmented, with several players vying for market share. However, the influence of major companies is substantial. This competitive structure allows for a diverse range of offerings that cater to various customer needs and foster innovation through competition.

In October 2025, Verizon Connect (US) announced a strategic partnership with a leading AI firm to enhance its telematics platform. This collaboration aims to integrate machine learning algorithms into their existing systems, potentially improving predictive maintenance capabilities and operational efficiency for fleet managers. Such a move underscores the importance of AI in driving future innovations within the sector.

In September 2025, Geotab (CA) launched a new suite of sustainability-focused tools designed to help fleets reduce their carbon footprint. This initiative not only aligns with global sustainability goals but also positions Geotab as a leader in eco-friendly fleet management solutions. The strategic importance of this launch lies in its potential to attract environmentally conscious businesses, thereby expanding their market reach.

In August 2025, Samsara (US) expanded its product offerings by introducing a new driver safety program that utilizes real-time feedback and coaching. This initiative is significant as it addresses the growing concern over driver safety and compliance, which is increasingly becoming a priority for fleet operators. By enhancing driver performance, Samsara strengthens its value proposition in a competitive market.

As of November 2025, the most pressing trends shaping the competitive landscape include digitalization, sustainability, and the integration of AI technologies. Strategic alliances are becoming increasingly vital, as they enable companies to pool resources and expertise, thereby accelerating innovation. Looking ahead, competitive differentiation is likely to evolve from traditional price-based strategies to a focus on technological innovation, reliability in supply chains, and sustainable practices. This shift suggests that companies that prioritize these aspects will be better positioned to thrive in the evolving market.

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.

Future Outlook

US B2B Connected Fleet Services Market Future Outlook

The b2b connected-fleet-services market is projected to grow at a 20.88% CAGR from 2024 to 2035, driven by technological advancements, increased demand for efficiency, and regulatory support.

New opportunities lie in:

  • Integration of AI-driven predictive maintenance solutions
  • Development of advanced telematics for real-time fleet monitoring
  • Expansion of electric vehicle charging infrastructure for fleets

By 2035, the market is expected to achieve substantial growth, driven by innovation and strategic investments.

Market Segmentation

US B2B Connected Fleet Services Market Fleet Type Outlook

  • Conventional
  • Electric

US B2B Connected Fleet Services Market Application Outlook

  • Passenger Cars
  • Trucks
  • Buses
  • Others

US B2B Connected Fleet Services Market Service Type Outlook

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

Report Scope

MARKET SIZE 2024 2487.6(USD Million)
MARKET SIZE 2025 3007.01(USD Million)
MARKET SIZE 2035 20035.0(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR) 20.88% (2024 - 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 Million
Key Companies Profiled Teletrac Navman (NZ), Geotab (CA), Verizon Connect (US), Fleet Complete (CA), Omnicomm (RU), Samsara (US), Teletrac (US), Zubie (US)
Segments Covered Service Type, Fleet Type, Application
Key Market Opportunities Integration of advanced telematics and data analytics enhances operational efficiency in the b2b connected-fleet-services market.
Key Market Dynamics Technological advancements drive efficiency and connectivity in fleet management, reshaping competitive dynamics and operational strategies.
Countries Covered US

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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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