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    South Korea B2B Connected Fleet Services Market

    ID: MRFR/ICT/57223-HCR
    200 Pages
    Aarti Dhapte
    September 2025

    South Korea 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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    South Korea B2B Connected Fleet Services Market Research Report- Forecast to 2035 Infographic
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    Table of Contents

    South Korea B2B Connected Fleet Services Market Summary

    The South Korea B2B Connected Fleet Services market is projected to grow from 3.5 USD Billion in 2024 to 8.2 USD Billion by 2035.

    Key Market Trends & Highlights

    South Korea B2B Connected Fleet Services Key Trends and Highlights

    • The market is expected to witness a compound annual growth rate of 8.05 percent from 2025 to 2035.
    • By 2035, the market value is anticipated to reach 8.2 USD Billion, indicating robust growth potential.
    • In 2024, the market is valued at 3.5 USD Billion, reflecting the current demand for connected fleet solutions.
    • Growing adoption of advanced telematics due to increasing operational efficiency is a major market driver.

    Market Size & Forecast

    2024 Market Size 3.5 (USD Billion)
    2035 Market Size 8.2 (USD Billion)
    CAGR (2025 - 2035) 8.05%

    Major Players

    Samsung Electronics (KR), SK Hynix (KR), LG Electronics (KR), Hyundai Motor Company (KR), Kia Corporation (KR), POSCO (KR), Naver Corporation (KR), Kakao Corp (KR), Hanwha Group (KR)

    South Korea B2B Connected Fleet Services Market Trends

    In South Korea, the B2B Connected Fleet Services Market is experiencing notable trends driven by advancements in technology and changing industry needs. The increasing adoption of the Internet of Things (IoT) is enhancing vehicle connectivity and enabling real-time data management. Businesses are increasingly leveraging these services for improved fleet management, which supports better route planning, vehicle tracking, and maintenance optimization. South Korea's strong focus on innovation, supported by government initiatives to enhance smart transportation solutions, further accelerates this trend. 

    There are significant opportunities to be captured by businesses looking to expand fleet services, particularly in the realm of environmental sustainability.The South Korean government has laid out plans to reduce greenhouse gas emissions, which encourages the adoption of electric vehicles within commercial fleets. This shift opens avenues for companies specializing in eco-friendly fleet solutions or electric vehicle integration. Furthermore, the growing demand for logistics efficiency is punctuated by the rise in e-commerce, necessitating advanced fleet management systems. 

    Recent times have seen an increased focus on data analytics and artificial intelligence to optimize operations, showcasing a trend toward predictive maintenance and enhanced operational efficiency. As industries rapidly adapt to the complexities of modern supply chains, the South Korean B2B market for connected fleet services is positioned for substantial growth, catering to evolving consumer requirements while aligning with national objectives for smart and green transportation.

    South Korea B2B Connected Fleet Services Market Drivers

    Market Segment Insights

    South Korea B2B Connected Fleet Services Market Segment Insights

    South Korea B2B Connected Fleet Services Market Segment Insights

    B2B Connected Fleet Services Market Service Type Insights

    B2B Connected Fleet Services Market Service Type Insights

    The South Korea B2B Connected Fleet Services Market has been witnessing significant growth, particularly within the Service Type segment, which includes Vehicle Tracking, Remote Diagnostics, Driver Management, Stolen Vehicle Tracking, and others. The increasing emphasis on fleet efficiency, safety, and regulatory compliance has led businesses to adopt these services as essential components of their operational strategies. Vehicle Tracking has emerged as a key offering within the market, giving firms real-time insights into vehicle locations and performance metrics, thus improving logistics and supply chain operations.

    Remote Diagnostics plays a crucial role by facilitating timely maintenance and reducing downtime, ultimately bolstering operational efficiency. Additionally, Driver Management services are vital for ensuring safe driving practices and optimizing driver behavior, which can lead to decreased fuel consumption and accident rates. Stolen Vehicle Tracking services contribute significantly to asset protection, presenting a strong selling point for businesses with valuable fleet assets. Furthermore, the Others category encompasses various innovative solutions tailored to specific industry needs, allowing companies to customize their fleet management strategies effectively.

    The robust demand for these services stems from South Korea's advanced technological landscape and a growing focus on smart transportation solutions. As a leading player in the technology sector, South Korea's continuous push towards digital transformation in areas like vehicle connectivity and data analytics is expected to enhance the performance and adoption of connected fleet services, paving the way for a more integrated and efficient transportation ecosystem.

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

    B2B Connected Fleet Services Market Fleet Service Type Insights

    B2B Connected Fleet Services Market Fleet Service Type Insights

    In the South Korea B2B Connected Fleet Services Market, the Fleet Service Type segment plays a vital role in the overall market dynamics. The demand for Conventional fleet services has been historically significant due to its established presence in logistics and transportation sectors, where traditional fuel-driven vehicles dominate. However, the Electric service segment is gaining traction, driven by increasing environmental regulations and government initiatives aimed at promoting sustainable transportation solutions. 

    The South Korean government, focusing on green technology, has set ambitious targets for electric vehicle adoption, enhancing the importance of Electric fleets in the B2B landscape.This shift not only aligns with global sustainability trends but also paves the way for innovations in fleet management technologies that optimize route planning and reduce operational costs. As businesses in South Korea strive for efficiency and compliance, the investment in both Conventional and Electric services will significantly shape the growth trajectory of the B2B Connected Fleet Services Market.

    Additionally, the integration of advanced telematics and connectivity solutions within both Conventional and Electric vehicles offers immense opportunities for real-time data collection, which fuels better decision-making and enhances operational efficiency across various industries.

    B2B Connected Fleet Services Market Application Insights

    B2B Connected Fleet Services Market Application Insights

    The Application segment of the South Korea B2B Connected Fleet Services Market plays a crucial role in the overall growth and evolution of the industry. This segment encompasses various vehicle types, including Passenger Cars, Trucks, Buses, and Others, each holding significant importance due to their unique contributions to the economy and transportation landscape. Passenger Cars dominate the market, driven by the rising demand for enhanced safety features and fleet efficiency, reflecting a strong consumer shift towards technology integration in personal and commercial transport.

    Trucks, as a vital component in the logistics sector, contribute to the optimization of supply chain management, highlighting their importance for timely deliveries and reduced operational costs. Buses also represent a significant share of the Application segment, with increasing investments in public transportation systems, enhancing urban mobility and reducing congestion in major cities like Seoul.

    Furthermore, the 'Others' category includes niche vehicles such as vans and specialized transportation fleets, reflecting the diverse needs of various industries.The growing adoption of connected technologies across these segments underscores the South Korea B2B Connected Fleet Services Market's focus on improving operational efficiency, reducing downtime, and enhancing customer satisfaction, thereby driving overall market growth.

    Get more detailed insights about South Korea B2B Connected Fleet Services Market Research Report- Forecast to 2035

    Regional Insights

    Key Players and Competitive Insights

    The South Korea B2B Connected Fleet Services Market is experiencing significant growth driven by advancements in technology, increasing demand for fleet optimization solutions, and a strong focus on sustainability. Companies in this sector are leveraging telematics, IoT technology, and data analytics to offer connected services that improve operational efficiency, reduce costs, and enhance fleet management capabilities. The competitive landscape is characterized by a mix of established players and emerging startups, each vying to provide innovative solutions tailored to the unique needs of businesses across various industries.

    As organizations seek to modernize their fleet operations, the adoption of connected services is becoming essential, leading to a dynamic market characterized by rapid technological advancements and strategic collaborations.

    POSCO ICT has established a prominent presence in the South Korea B2B Connected Fleet Services Market, meshing its expertise in information and communication technology with fleet management solutions. The company's strengths lie in its robust telecommunications infrastructure and its ability to integrate advanced technologies, such as artificial intelligence and big data analytics, into its service offerings. This allows POSCO ICT to deliver comprehensive solutions that enhance fleet tracking, reduce inefficiencies, and promote sustainable practices within the logistics and transportation sectors.

    Additionally, their commitment to research and development ensures that they stay ahead of market trends, further solidifying their competitive advantage in the landscape of connected fleet services.

    Samsung C&T operates effectively within the South Korea B2B Connected Fleet Services Market, bringing a wealth of experience and innovation to the forefront. Known for its comprehensive range of products and services, Samsung C&T offers cutting-edge fleet management solutions that leverage IoT technologies and cloud-based platforms tailored to optimize logistics and transportation operations. The company's strengths lie in its strong brand reputation, extensive market reach, and deep expertise in technology integration, which allow it to deliver reliable and efficient services to its clients.

    Samsung C&T has also engaged in strategic partnerships and collaborations to expand its service offerings, enhancing its competitive position in the market. The firm continues to explore opportunities for mergers and acquisitions, positioning itself to maximize its influence in the evolving landscape of connected fleet services in South Korea.

    Key Companies in the South Korea B2B Connected Fleet Services Market market include

    Industry Developments

    The South Korea B2B Connected Fleet Services Market has witnessed significant developments recently, particularly with growing demands for innovative fleet management solutions. In September 2023, SK Telecom announced advancements in their connected vehicle technologies, aiming to enhance real-time data analytics for fleet operators. 

    Meanwhile, in August 2023, Samsung C&T launched a new suite of fleet management tools designed to improve efficiency and reduce costs for businesses nationwide. Mando Corporation has also entered into strategic partnerships focused on introducing smart fleet solutions tailored for the logistics sector. In terms of mergers and acquisitions, Hyundai AutoEver acquired a minority stake in a local telematics company in July 2023 to bolster its capabilities in connected vehicle services. 

    Growth in market valuation is seen across companies such as Verizon Connect and TomTom, which have expanded operations in the region following increased investments in connected technologies. Over the last two to three years, the South Korean government has actively promoted initiatives supporting digital transformation in logistics, impacting overall market dynamics and encouraging a shift towards more integrated fleet service solutions.

    Market Segmentation

    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 2023 215.32(USD Million)
    MARKET SIZE 2024 650.0(USD Million)
    MARKET SIZE 2035 3690.0(USD Million)
    COMPOUND ANNUAL GROWTH RATE (CAGR) 17.1% (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 Million
    KEY COMPANIES PROFILED POSCO ICT, Samsung C&T, SK Telecom, Samsung SDS, Mando Corporation, TomTom, Verizon Connect, Trimble, Nexen Tire, Teletrac Navman, Hyundai AutoEver, KT Corporation, Daewoo Engineering & Construction, Geotab, LG CNS
    SEGMENTS COVERED Service Type, Fleet Service Type, Application
    KEY MARKET OPPORTUNITIES AI-driven fleet optimization, Enhanced telematics solutions, Electric vehicle integration, Real-time data analytics, Regulatory compliance support
    KEY MARKET DYNAMICS increased digitization, regulatory compliance pressure, demand for sustainability, enhanced operational efficiency, real-time data analytics
    COUNTRIES COVERED South Korea

    Market Highlights

    Author
    Aarti Dhapte
    Team Lead - Research

    She holds an experience of about 6+ years in Market Research and Business Consulting, working under the spectrum of Information Communication Technology, Telecommunications and Semiconductor domains. Aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. Her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.

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    FAQs

    What is the expected market size of the South Korea B2B Connected Fleet Services Market in 2024?

    In 2024, the South Korea B2B Connected Fleet Services Market is expected to be valued at 650.0 USD Million.

    What is the anticipated market size for the South Korea B2B Connected Fleet Services Market by 2035?

    By 2035, the market is projected to reach a valuation of 3690.0 USD Million.

    What is the expected compound annual growth rate (CAGR) for the South Korea B2B Connected Fleet Services Market between 2025 and 2035?

    The market is anticipated to grow at a CAGR of 17.1% from 2025 to 2035.

    Which service segment is projected to dominate the South Korea B2B Connected Fleet Services Market by 2035?

    Vehicle Tracking is projected to dominate the market with an expected value of 1145.0 USD Million by 2035.

    What are the expected market values for Remote Diagnostics from 2024 to 2035?

    The market value for Remote Diagnostics is expected to rise from 150.0 USD Million in 2024 to 780.0 USD Million in 2035.

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

    Major players in the market include POSCO ICT, Samsung C&T, SK Telecom, and Hyundai AutoEver, among others.

    What is the expected growth rate for the Driver Management segment within the South Korea B2B Connected Fleet Services Market?

    The Driver Management segment is expected to grow significantly, from 100.0 USD Million in 2024 to 600.0 USD Million by 2035.

    What challenges might affect the growth of the South Korea B2B Connected Fleet Services Market?

    Challenges may include technological advancements and regulatory changes that impact service delivery.

    What will be the market value for Stolen Vehicle Tracking by 2035?

    The Stolen Vehicle Tracking segment is anticipated to reach a market value of 400.0 USD Million by 2035.

    How are current trends impacting the growth trajectory of the South Korea B2B Connected Fleet Services Market?

    Emerging technologies and a growing demand for fleet efficiency are driving the market's growth trajectory.

    1. EXECUTIVE
    2. SUMMARY
    3. Market Overview
    4. Key Findings
    5. Market Segmentation
    6. Competitive Landscape
    7. Challenges and Opportunities
    8. Future Outlook
    9. MARKET INTRODUCTION
    10. Definition
    11. Scope of the study
    12. Research Objective
    13. Assumption
    14. Limitations
    15. RESEARCH
    16. METHODOLOGY
    17. Overview
    18. Data
    19. Mining
    20. Secondary Research
    21. Primary
    22. Research
    23. Primary Interviews and Information Gathering
    24. Process
    25. Breakdown of Primary Respondents
    26. Forecasting
    27. Model
    28. Market Size Estimation
    29. Bottom-Up
    30. Approach
    31. Top-Down Approach
    32. Data
    33. Triangulation
    34. Validation
    35. MARKET
    36. DYNAMICS
    37. Overview
    38. Drivers
    39. Restraints
    40. Opportunities
    41. MARKET FACTOR ANALYSIS
    42. Value chain Analysis
    43. Porter's
    44. Five Forces Analysis
    45. Bargaining Power of Suppliers
    46. Bargaining
    47. Power of Buyers
    48. Threat of New Entrants
    49. Threat
    50. of Substitutes
    51. Intensity of Rivalry
    52. COVID-19
    53. Impact Analysis
    54. Market Impact Analysis
    55. Regional
    56. Impact
    57. Opportunity and Threat Analysis
    58. South
    59. Korea B2B Connected Fleet Services Market, BY Service Type (USD Million)
    60. Vehicle
    61. Tracking
    62. Remote Diagnostics
    63. Driver
    64. Management
    65. Stolen Vehicle Tracking
    66. Others
    67. South
    68. Korea B2B Connected Fleet Services Market, BY Fleet Service Type (USD Million)
    69. Conventional
    70. Electric
    71. South
    72. Korea B2B Connected Fleet Services Market, BY Application (USD Million)
    73. Passenger
    74. Cars
    75. Trucks
    76. Buses
    77. Others
    78. Competitive Landscape
    79. Overview
    80. Competitive
    81. Analysis
    82. Market share Analysis
    83. Major
    84. Growth Strategy in the B2B Connected Fleet Services Market
    85. Competitive
    86. Benchmarking
    87. Leading Players in Terms of Number of Developments
    88. in the B2B Connected Fleet Services Market
    89. Key developments
    90. and growth strategies
    91. New Product Launch/Service Deployment
    92. Merger
    93. & Acquisitions
    94. Joint Ventures
    95. Major
    96. Players Financial Matrix
    97. Sales and Operating Income
    98. Major
    99. Players R&D Expenditure. 2023
    100. Company
    101. Profiles
    102. POSCO ICT
    103. Financial
    104. Overview
    105. Products Offered
    106. Key
    107. Developments
    108. SWOT Analysis
    109. Key
    110. Strategies
    111. Samsung C&T
    112. Financial
    113. Overview
    114. Products Offered
    115. Key
    116. Developments
    117. SWOT Analysis
    118. Key
    119. Strategies
    120. SK Telecom
    121. Financial
    122. Overview
    123. Products Offered
    124. Key
    125. Developments
    126. SWOT Analysis
    127. Key
    128. Strategies
    129. Samsung SDS
    130. Financial
    131. Overview
    132. Products Offered
    133. Key
    134. Developments
    135. SWOT Analysis
    136. Key
    137. Strategies
    138. Mando Corporation
    139. Financial
    140. Overview
    141. Products Offered
    142. Key
    143. Developments
    144. SWOT Analysis
    145. Key
    146. Strategies
    147. TomTom
    148. Financial
    149. Overview
    150. Products Offered
    151. Key
    152. Developments
    153. SWOT Analysis
    154. Key
    155. Strategies
    156. Verizon Connect
    157. Financial
    158. Overview
    159. Products Offered
    160. Key
    161. Developments
    162. SWOT Analysis
    163. Key
    164. Strategies
    165. Trimble
    166. Financial
    167. Overview
    168. Products Offered
    169. Key
    170. Developments
    171. SWOT Analysis
    172. Key
    173. Strategies
    174. Nexen Tire
    175. Financial
    176. Overview
    177. Products Offered
    178. Key
    179. Developments
    180. SWOT Analysis
    181. Key
    182. Strategies
    183. Teletrac Navman
    184. Financial
    185. Overview
    186. Products Offered
    187. Key
    188. Developments
    189. SWOT Analysis
    190. Key
    191. Strategies
    192. Hyundai AutoEver
    193. Financial
    194. Overview
    195. Products Offered
    196. Key
    197. Developments
    198. SWOT Analysis
    199. Key
    200. Strategies
    201. KT Corporation
    202. Financial
    203. Overview
    204. Products Offered
    205. Key
    206. Developments
    207. SWOT Analysis
    208. Key
    209. Strategies
    210. Daewoo Engineering &
    211. Construction
    212. Financial Overview
    213. Products
    214. Offered
    215. Key Developments
    216. SWOT
    217. Analysis
    218. Key Strategies
    219. Geotab
    220. Financial
    221. Overview
    222. Products Offered
    223. Key
    224. Developments
    225. SWOT Analysis
    226. Key
    227. Strategies
    228. LG CNS
    229. Financial
    230. Overview
    231. Products Offered
    232. Key
    233. Developments
    234. SWOT Analysis
    235. Key
    236. Strategies
    237. References
    238. Related
    239. Reports
    240. LIST
    241. OF ASSUMPTIONS
    242. South Korea B2B Connected Fleet Services
    243. Market SIZE ESTIMATES & FORECAST, BY SERVICE TYPE, 2019-2035 (USD Billions)
    244. South
    245. Korea B2B Connected Fleet Services Market SIZE ESTIMATES & FORECAST, BY FLEET
    246. SERVICE TYPE, 2019-2035 (USD Billions)
    247. South Korea B2B
    248. Connected Fleet Services Market SIZE ESTIMATES & FORECAST, BY APPLICATION, 2019-2035
    249. (USD Billions)
    250. PRODUCT LAUNCH/PRODUCT DEVELOPMENT/APPROVAL
    251. ACQUISITION/PARTNERSHIP
    252. LIST
    253. Of figures
    254. MARKET SYNOPSIS
    255. SOUTH
    256. KOREA B2B CONNECTED FLEET SERVICES MARKET ANALYSIS BY SERVICE TYPE
    257. SOUTH
    258. KOREA B2B CONNECTED FLEET SERVICES MARKET ANALYSIS BY FLEET SERVICE TYPE
    259. SOUTH
    260. KOREA B2B CONNECTED FLEET SERVICES MARKET ANALYSIS BY APPLICATION
    261. KEY
    262. BUYING CRITERIA OF B2B CONNECTED FLEET SERVICES MARKET
    263. RESEARCH
    264. PROCESS OF MRFR
    265. DRO ANALYSIS OF B2B CONNECTED FLEET SERVICES
    266. MARKET
    267. DRIVERS IMPACT ANALYSIS: B2B CONNECTED FLEET SERVICES
    268. MARKET
    269. RESTRAINTS IMPACT ANALYSIS: B2B CONNECTED FLEET
    270. SERVICES MARKET
    271. SUPPLY / VALUE CHAIN: B2B CONNECTED FLEET
    272. SERVICES MARKET
    273. B2B CONNECTED FLEET SERVICES MARKET,
    274. BY SERVICE TYPE, 2025 (% SHARE)
    275. B2B CONNECTED FLEET SERVICES
    276. MARKET, BY SERVICE TYPE, 2019 TO 2035 (USD Billions)
    277. B2B
    278. CONNECTED FLEET SERVICES MARKET, BY FLEET SERVICE TYPE, 2025 (% SHARE)
    279. B2B
    280. CONNECTED FLEET SERVICES MARKET, BY FLEET SERVICE TYPE, 2019 TO 2035 (USD Billions)
    281. B2B
    282. CONNECTED FLEET SERVICES MARKET, BY APPLICATION, 2025 (% SHARE)
    283. B2B
    284. CONNECTED FLEET SERVICES MARKET, BY APPLICATION, 2019 TO 2035 (USD Billions)
    285. BENCHMARKING
    286. OF MAJOR COMPETITORS

    South Korea B2B Connected Fleet Services Market Segmentation

     

     

     

    • B2B Connected Fleet Services Market By Service Type (USD Million, 2019-2035)

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

     

    • B2B Connected Fleet Services Market By Fleet Service Type (USD Million, 2019-2035)

      • Conventional
      • Electric

     

    • B2B Connected Fleet Services Market By Application (USD Million, 2019-2035)

      • Passenger Cars
      • Trucks
      • Buses
      • Others

     

     

     

     

     

     

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