The global tracking-as-a-service market reached a value of US$ 1.34 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 3.7 Billion by 2027, exhibiting at a CAGR of 17.10% during 2022-2027.
Several firms employ tracking as a service, which is a cloud-based solution for tracking and monitoring day-to-day business activities. It improves organisational performance, decision-making, and work productivity by providing increased data collection, scalability, mobile support, reporting and logging, process mapping, real-time monitoring, and data management, among other features. As a result, tracking-as-a-service is used in a variety of industries, including manufacturing, healthcare, e-commerce, retail, transportation, and logistics.
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.
|Market Size Value in 2021:||US$ 1.34 Billion|
|Growth Rate:||CAGR of 17.10% from 2022 to 2027|
Global Tracking-as-a-Service Market Trends and Drivers:
The tracking-as-a-service market is primarily driven by the growing demand for aggregation systems and automated serialisation in the healthcare industry. The widespread deployment of electronic monitoring and tracking systems to prevent unauthorized access to sensitive data and track information exchange among employees is also fueling market expansion.
Furthermore, tracking-as-a-service solutions are widely utilised by companies that provide automobile rental services to avoid delays, improve vehicle maintenance, increase consumer safety, and so on, hence expanding the global market. Another key growth-inducing aspect is the introduction of various favourable rules by government bodies to install GPS monitoring devices in new automobiles.
Request Free Sample Report: https://www.imarcgroup.com/tracking-as-a-service-market/requestsample
Apart from that, numerous technological advancements, such as the integration of connected devices with the Internet of Things (IoT), global positioning system (GPS) tracking, real-time monitoring solutions, and others, are expected to fuel the tracking-as-a-service market over the forecasted period, assisting in locating containers, maintaining driver safety, tracking stolen goods, detecting fraudulent activities, and so on.
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:
Breakup by Type:
Breakup by Asset Type:
- Electronics and IT Assets
- In-Transit Equipment
- Manufacturing Assets
Breakup by Enterprise Size:
- Large Enterprises
- Small and Medium-sized Enterprises
Breakup by End Use Industry:
- Transportation and Logistics
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
If you want latest primary and secondary data (2022-2027) 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.
Also read: Camera Lens Market Report 2022
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.
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.