Global Tracking As A Service Market Analysis, Key Trends, Growth Opportunities, Challenges And Key Players By 2030

Market Overview:
The Tracking as a Service Market is expected to grow at a significant growth rate, and the analysis period is 2023-2030, considering the base year as 2022.

Tracking as-a-service is a cloud-based solution that enables organizations to efficiently monitor and track their day-to-day business activities. It offers features such as workflow building, monitoring, and evaluation, allowing companies to enhance their operations. This service is commonly utilized in industries like manufacturing, retail, ridesharing, and car rental, enabling remote monitoring of goods and products. By providing data collection, scalability, mobile support, reporting, real-time monitoring, and process mapping, tracking as-a-service aims to improve performance, decision-making, and efficiency within an organization. The market for cloud-based tracking as-a-service is driven by factors like the growing adoption of mobile technology and advancements in eye-tracking technologies.

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Analysis of the Top Market Players:
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, Zebra Technologies Corp., and other major players.

Market Dynamics:
Driver:
The growth in the adoption of mobile technology is a major driver for the tracking as-a-service market. The increasing use of smartphones and other mobile devices has revolutionized the way businesses operate and individuals interact with technology. This has created a significant demand for cloud-based tracking solutions that can be accessed and utilized on mobile platforms. Mobile technology enables organizations to track their business activities and monitor operations in real-time, regardless of their location. With tracking as-a-service, businesses can collect and analyze data on the go, making informed decisions and optimizing their workflows more efficiently.

Opportunity:
IoT technology enables the interconnection of physical devices, vehicles, and other objects through the Internet. By integrating IoT with tracking systems, organizations can gather real-time data from sensors and devices, enabling enhanced tracking and monitoring capabilities. This allows for improved supply chain visibility, asset tracking, and logistics management. AI and ML algorithms can analyze large volumes of tracking data to identify patterns, anomalies, and predictive insights. These technologies can optimize routes, improve delivery schedules, and enhance operational efficiency. AI-powered image recognition and video analytics can also be leveraged for more accurate and automated tracking and monitoring processes.

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The Report Will Include A Major Chapter
• Patent Analysis
• Regulatory Framework
• Technology Roadmap
• BCG Matrix
• Heat Map Analysis
• Price Trend Analysis
• Investment Analysis

Market Segmentation
By Service
• Platform-As-A-Service
• Software-As-A-Service

By Type
• Cloud
• On-Premise

By Location of Use
• Indoor
• Outdoor

By End-Users
• BFSI
• IT & Telecommunication
• Retail
• Healthcare
• Others

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Regional Analysis In The Tracking as a Service Market
North America is expected to have the maximum market share in Tracking as a Service owing to growing digital and smart infrastructure in the transportation, manufacturing, retail, and healthcare sectors in this region. The adoption of advanced technology such as warehouse robots or delivery robots is increasing among the various organizations in this region. The US and Canada are the dominating countries in the tracking as a service market in this region. In this region, the highest number of tracking-as-a-service providers is present which contains AT&T, Motorola Solution, and Honeywell International Inc. Europe and Asia Pacific have significant growth in the tracking-as-a-service market owing to a surge in automation in the retail business. The government of this region focused on the implementation of their initiatives to install GPS tracking systems in a novel vehicle and rising the utilization to keep track of portable devices that help to increase the market of this region.
• North America (U.S., Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
• Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
• Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)

Key Industry Development In The Tracking as a Service Market
In September 2020, PCT established expandable asset tracking devices on the Geotab Marketplace. An extensive ecosystem of valuable, business-focused applications and add-ons offered by Geotab through Geotab Marketplace helps offers provide businesses with the tools needed to better manage their fleets. With the addition of Phillips Connect Technologies to the Geotab Marketplace, Geotab customers can access a suite of solutions that help to maximize driver time through enhanced asset visibility and utilization.

The report covers exhaustive analysis on:
• The market size and industry growth rate of the global and regional market across various segments
• Based on extensive primary and secondary research this report provides comprehensive and granular data
• Key technological advancements and market trends that shape the market
• Brand dynamics and distribution trends in order to effectively plan strategies in the forecast period 2023-2030
• Key companies operating in the global Tracking as a Service market and their market share

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