Amid Ukraine-Russia crisis, our analysts and industry experts are closely monitoring the markets and working hard to identify, gather and timely deliver analysis of the impact of the situation and the impact that it has on various markets. All our reports are updated with the latest impact on the market before being sent out to our customers.

Global Asset Tracking Market: By Component: Hardware, Software; By Deployment Type: Cloud Based, On-Premise; By End Use: Transportation and Logistics, Aviation, Healthcare, Others; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Asset Tracking Market Outlook

The global asset tracking market stood at a value of more than USD 16.9 billion in 2021. The market is further expected to grow at a CAGR of 13.7% in the forecast period of 2022-2027 to attain a value of above USD 36.51 billion by 2027.

 

Global Asset Tracking Market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

Significant Demand for Cloud-Based Deployment to Bolster the Growth of the Asset Tracking Industry

Based on deployment type, the cloud-based segment accounts for a significant share in the market and is anticipated to witness a steady growth in the forecast period. The cloud-based software provides significant advantages including security, value for time and money, data centralisation, and accuracy, among others. Additionally, the growing awareness about the cost-efficiency offered by the cloud-based systems compared to buying systems, hard disks, among others, is also estimated to add to the market growth. Cloud-based software can run on a simple laptop, saving a lot of money.

 

North America to Provide Significant Growth Opportunities to the Asset Tracking Industry

The asset tracking industry in North America is driven by the strong manufacturing and transportation and logistics base in the region. For instance, in countries like the United States, the Federal Highway Association (FHWA), along with the American Association of State Highway and Transportation Officials (AASHTO) and state and local departments of transportation (DOTs) are increasingly deploying asset management solutions. This can be attributed to the benefits of improved operational efficiency and productivity offered by these solutions. Over the forecast period, the emergence of highly skilled workforce in the logistics market, along with the technological advancements in the transportation sector is likely to augment the market growth in the region in the forecast period.

 

Asset Tracking: Market Segmentation

Asset tracking is defined as a method used to track physical assets either by scanning the attached barcode labels or with the use of tags through GPS or RFID, which denotes their location.  Asset tracking helps in the efficient inventory management, as it allows an organisation to monitor and locate its assets in real time. In addition, the asset tracking systems help reduce the instances of losses and improve accountability, thereby enhancing the overall customer experience.

 

Global Asset Tracking Market by Segment

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

Based on component, the market is segmented into:

  • Hardware
  • Software

On the basis of deployment type, the industry is divided into:

  • Cloud Based
  • On-Premise

The major end-uses of asset tracking include:

  • Transportation and Logistics
  • Aviation
  • Healthcare
  • Manufacturing
  • Food and Beverages
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Asset Tracking Market by Region

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

Rising Application of Asset Tracking in the Healthcare Sector to Boost the Growth of the Asset Tracking Industry

The global asset tracking industry is being driven by its growing use in the healthcare sector. This can be attributed to the growing demand for medical equipment and upgraded surgical equipment in hospitals, ambulatory surgical centres, clinics, and medical camps. In addition, the growing requirement for improved asset lifecycle maintenance, efficient security, and stringent asset management protocols are leading to the increased deployment of asset tracking system in the industry. Over the forecast period, the thriving food and beverage industry in emerging economies of the world is likely to support the market growth in the forecast period.

 

Key Industry Players in the Global Asset Tracking Market

The report gives a detailed analysis of the following key players in the global asset tracking market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • ActSoft, Inc.
  • AT&T Inc.
  • Oracle Corporation
  • Trimble, Inc.
  • Zebra Technologies Corporation
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2021
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Component, Deployment Type, End Use, Region
Breakup by Component Hardware, Software
Breakup by Deployment Type Cloud Based, On-Premise
Breakup by End Use Transportation and Logistics, Aviation, Healthcare, Manufacturing, Food and Beverages, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered ActSoft, Inc., AT&T Inc., Oracle Corporation, Trimble, Inc., Zebra Technologies Corporation, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Asset Tracking Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Asset Tracking Historical Market (2017-2021) 
    8.3    Global Asset Tracking Market Forecast (2022-2027)
    8.4    Global Asset Tracking Market by Component
        8.4.1    Hardware
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Software
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
    8.5    Global Asset Tracking Market by Deployment Type
        8.5.1    Cloud Based
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    On-Premise
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
    8.6    Global Asset Tracking Market by End Use
        8.6.1    Transportation and Logistics
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2017-2021)
            8.6.1.3    Forecast Trend (2022-2027)
        8.6.2    Aviation
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2017-2021)
            8.6.2.3    Forecast Trend (2022-2027)
        8.6.3    Healthcare
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2017-2021)
            8.6.3.3    Forecast Trend (2022-2027)
        8.6.4    Manufacturing
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2017-2021)
            8.6.4.3    Forecast Trend (2022-2027)
        8.6.5    Food and Beverages
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2017-2021)
            8.6.5.3    Forecast Trend (2022-2027)
        8.6.6    Others
    8.7    Global Asset Tracking Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
            9.3.2.1    Breakup by Country
            9.3.2.2    China
            9.3.2.3    Japan
            9.3.2.4    India
            9.3.2.5    ASEAN
            9.3.2.6    Australia
            9.3.2.7    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    ActSoft, Inc.
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    AT&T Inc.
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Oracle Corporation
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Trimble, Inc.
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Zebra Technologies Corporation
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Others
13    Industry Events and Developments

 

List of Key Figures and Tables

1.    Global Asset Tracking Market: Key Industry Highlights, 2017 and 2027
2.    Global Asset Tracking Historical Market: Breakup by Component (USD Billion), 2017-2021
3.    Global Asset Tracking Market Forecast: Breakup by Component (USD Billion), 2022-2027
4.    Global Asset Tracking Historical Market: Breakup by Deployment Type (USD Billion), 2017-2021
5.    Global Asset Tracking Market Forecast: Breakup by Deployment Type (USD Billion), 2022-2027
6.    Global Asset Tracking Historical Market: Breakup by End Use (USD Billion), 2017-2021
7.    Global Asset Tracking Market Forecast: Breakup by End Use (USD Billion), 2022-2027
8.    Global Asset Tracking Historical Market: Breakup by Region (USD Billion), 2017-2021
9.    Global Asset Tracking Market Forecast: Breakup by Region (USD Billion), 2022-2027
10.    North America Global Asset Tracking Historical Market: Breakup by Country (USD Billion), 2017-2021
11.    North America Global Asset Tracking Market Forecast: Breakup by Country (USD Billion), 2022-2027
12.    Europe Global Asset Tracking Historical Market: Breakup by Country (USD Billion), 2017-2021
13.    Europe Global Asset Tracking Market Forecast: Breakup by Country (USD Billion), 2022-2027
14.    Asia Pacific Global Asset Tracking Historical Market: Breakup by Country (USD Billion), 2017-2021
15.    Asia Pacific Global Asset Tracking Market Forecast: Breakup by Country (USD Billion), 2022-2027
16.    Latin America Global Asset Tracking Historical Market: Breakup by Country (USD Billion), 2017-2021
17.    Latin America Global Asset Tracking Market Forecast: Breakup by Country (USD Billion), 2022-2027
18.    Middle East and Africa Global Asset Tracking Historical Market: Breakup by Country (USD Billion), 2017-2021
19.    Middle East and Africa Global Asset Tracking Market Forecast: Breakup by Country (USD Billion), 2022-2027
20.    Global Asset Tracking Market Structure

Key Questions Answered in the Report

In 2021, the global asset tracking market attained a value of more than USD 16.9 billion.

The market is estimated to grow at a CAGR of 13.7% between 2022 and 2027.

The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach above USD 36.51 billion by 2027.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major drivers of the industry, such as the growing adoption of cloud-based services, thriving transportation and logistics sector, rapid digitalisation, and growing use of the asset tracking system in various industries including food and beverage, healthcare, and aviation, among others, are expected to aid the market growth.

The key market trends guiding the growth of the industry include the rapid technological advancements, which include the upgradation and incorporation of new features in the cloud-based software.

Hardware and software are the major components of the product.

Cloud based and on-premise are the different market divisions, based on deployment type.

Transportation and logistics, aviation, healthcare, manufacturing, and food and beverages, among others are the significant end-uses of the product.

The major players in the industry are ActSoft, Inc., AT&T Inc., Oracle Corporation, Trimble, Inc., and Zebra Technologies Corporation, among others.

Analyst Review

The global asset tracking market attained a value of more than USD 16.9 billion in 2021, driven by the growing demand for asset tracking in the transportation and logistics sector. Aided by the rapid technological advancements, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 13.7%. The market is projected to reach above USD 36.51 billion by 2027.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on component, the market is divided into hardware and software. On the basis of deployment type, the market is divided into cloud-based and on-premise. The significant end-uses of the product are transportation and logistics, aviation, healthcare, manufacturing, and food and beverages, among others. The major regional markets for asset tracking are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include ActSoft, Inc., AT&T Inc., Oracle Corporation, Trimble, Inc., and Zebra Technologies Corporation, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

Purchase Full Report

Mini Report

$1499
  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

$2699
  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Five User License

$3699
  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

$4699
  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Any Question? Speak With An Analyst

Contact Analyst

View A Sample

Request Sample

Did You Miss Anything, Ask Now

Request Customisation
Why Expert Market Research?

Right People

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

Similar Reports





NEWSLETTER