Electronic Logging Device Market Market Size

Electronic Logging Device Market size is anticipated to surpass USD 38.4 Billion by the end of 2036, growing at a CAGR of 7.14 % during the forecast period, i.e. 2024-2036. In the year 2023, the industry size of electronic logging devices was over USD 16.8 Billion. The increasing number of consumers who are more inclined to buy online can be seen as a factor for growth in the market. People can see, on the application, estimates of delivery time, route distance, and other information using electronic logbooks attached to a driver's vehicle. It is estimated that by 2027, there will be over 3 billion people ordering food online. In addition, there will be an estimated 2 billion people worldwide who are shopping on the internet in 2021.

The rise in the number of fleet management platforms is believed to fuel the market’s growth For instance, Omnitracs, LLC, introduced Omnitracs One, a revolutionary modular, hardware-agnostic solution that offers a comprehensive offering for fleets of all sizes. Fleet owners can choose the proper devices based on their needs at any service level with hardware flexibility. Customers can expect ongoing assistance from the industry leader for service quality, as well as rapid access to the most robust network of technology partners.