Press release
Tracking as a Service Market 2023 | Size, Industry Share, Growth 2028
Tracking as a Service Market
The latest research study "Tracking as a Service Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" by IMARC Group, finds that the global tracking-as-a-service market size reached US$ 1.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.2 Billion by 2028, exhibiting a growth rate (CAGR) of 16.3% during 2023-2028.
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Tracking as a service is a cloud-based solution that helps corporations monitor and track their day-to-day business operations. It is employed through cloud platforms or on-premises and is utilized for remote monitoring of goods, vehicles, inventories, and products. It encourages efficient tracking, building, and evaluating workflows within an organization to ensure corporations achieve their objectives. It also offers various benefits, including improved scalability, data collection, process mapping, mobile support, reporting and logging, data management, real-time monitoring, cost-effectiveness, enhanced customer service, and security. Owing to these properties, tracking-as-a-service is widely adopted in e-commerce, manufacturing, healthcare, retail, logistics, and transportation industries.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Tracking as A Service Market Trends and Drivers:
The market is primarily driven by the expanding transportation and logistics industry across the globe. Tracking-as-a-service solutions are adopted by various organizations that provide ridesharing and car rental services to improve vehicle maintenance, provide safety to consumers, and prevent delays. In addition, several technological advancements, including the incorporation of connected devices with the global positioning system (GPS), the Internet of Things (IoT), and tracking and real-time monitoring solutions, represent another major growth-inducing factor.
These technologies help track stolen goods, maintain driver safety, locate containers, and detect fraudulent activities, which is augmenting the market growth. Along with this, the escalating demand for electronic monitoring and tracking systems across several corporations to prevent unauthorized access to sensitive data among employees and track the exchange of information is contributing to market growth.
Apart from this, the market is further propelled by the widespread product adoption in the medical sector to provide timely assistance in case of emergencies. Furthermore, the implementation of government initiatives to install GPS tracking systems in novel vehicles is creating a positive market outlook across the globe.
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Global Tracking as A Service Market 2023-2028 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
AT&T Inc., Datalogic S.p.A. (Hydra S.p.A.), Geotab Inc., Honeywell International Inc., Mojix Inc., Motorola Solutions Inc., PCCW Solutions, Spider Tracks Limited, Topcon Corporation, Trimble Inc., Verizon Communications Inc., WABCO Digital Solutions and Zebra Technologies Corp.
The report has segmented the market on the basis of region, component, type, asset type, enterprise size and end use industry.
Breakup by Component:
• Software
• Service
Breakup by Type:
• Cloud-based
• On-premises
Breakup by Asset Type:
• Electronics and IT Assets
• In-Transit Equipment
• Manufacturing Assets
• Others
Breakup by Enterprise Size:
• Large Enterprises
• Small and Medium-sized Enterprises
Breakup by End Use Industry:
• Retail
• Manufacturing
• E-commerce
• Transportation and Logistics
• Healthcare
• Others
Breakup by Region:
• North America
o United States
o Canada
• Asia-Pacific
o China
o Japan
o India
o South Korea
o Australia
o Indonesia
o Others
• Europe
o Germany
o France
o United Kingdom
o Italy
o Spain
o Russia
o Others
• Latin America
o Brazil
o Mexico
o Others
• Middle East and Africa
Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/tracking-as-a-service-market
If you want latest primary and secondary data (2023-2028) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Key highlights of the report:
• Market Performance (2017-2022)
• Market Outlook (2023- 2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Other Research Report of IMARC Group :
Medical Tubing Market Size 2022-2027 : https://www.digitaljournal.com/pr/medical-tubing-market-size-share-growth-report-and-global-forecast-to-2022-2027
India Electric Vehicle Market Share 2022-2027 : https://www.digitaljournal.com/pr/india-electric-vehicle-market-share-report-and-forecast-till-2022-2027
Rubber Gloves Market Share 2022-2027 : https://www.digitaljournal.com/pr/rubber-gloves-market-share-growth-trends-demand-report-and-forecast-to-2022-2027
Air Freight Market Update 2022-2027 : https://www.digitaljournal.com/pr/air-freight-market-update-2022-size-share-growth-analysis-and-forecast-to-2027
Soft Starter Market Report 2022-2027 : https://www.digitaljournal.com/pr/soft-starter-market-report-2022-share-industry-trends-and-global-forecast-2022-27
Security Orchestration Market Size 2022-2027 : https://www.digitaljournal.com/pr/security-orchestration-market-size-2022-top-companies-share-industry-growth-and-forecast-till-2022-2027
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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