Insights on the Asset Tracking Global Market to 2026 - Optimizing Enterprise and Industrial Device Management is Driving Growth
DUBLIN, April 12, 2021 /PRNewswire/ -- The "Asset Tracking Market by Infrastructure (Platform, Software, and Services), Connection Type, Mobility (Fixed, Portable, Mobile), Location Method (GPS, Beacons, RFID, Others), Solution Type, Supporting Tech and Industry Verticals 2021 - 2026" report has been added to ResearchAndMarkets.com's offering.
This report evaluates asset tracking technologies, solutions, and the overall asset management and logistics ecosystem including major players, strategies and market positioning. The report evaluates the impacts of use case-specific considerations in terms of asset tracking technology and solution selection.
The report analyzes the asset tracking market by asset value including low, medium, and high-value assets. The report provides analysis and forecasts by technology, components, infrastructure, solutions and much more. This includes analysis and forecasts for asset tracking globally, regionally, and by major country from 2021 through 2026.
Select Report Findings:
This report also provides an analysis of both fleet-related asset tracking and non-fleet asset tracking markets. Fleet tracking market analysis includes segmentation by IoT-enabled fleet tracking. In terms of non-fleet asset tracking, the report evaluates the market for both living and nonliving things, which have completely different characteristics.
In addition, the report includes market analysis by major asset tracking technologies including barcodes, GPS, RFID, sensors and IoT-based asset tracking. The report evaluates use cases for each technology and provides a market outlook assessment and forecasts for each. For example, the report identifies market opportunities for the slap-and-track RFID based tracking segment.
Due to the COVID19 pandemic, great care has been taken to re-evaluate our research assumptions and data to ensure this report reflects the impact of this "black swan" type event upon the asset tracking and supply chain management marketplace. Accordingly, both our qualitative and quantitative (forecasts) have been re-assessed and updated where appropriate.
Additional Report Coverage Details:
Asset Tracking Market Constraints and Opportunities
The market remains constrained by a relatively low number of enterprise-connected assets across certain important asset classes. Leading asset tracking solution companies are focusing on the asset value to a business or governmental organization rather than the book value of the asset itself. A consultative marketing/sales approach is necessary to inform enterprise, first of the value of interconnecting business assets, and secondly, demonstrative asset tracking outcomes that bring value straight to the bottom line.
However, the overall asset tracking market has witnessed substantial economies of scale improvements in recent years due to inexpensive connectivity and machine-to-machine communications equipment and services. Increased penetration and usage of advanced IoT solutions leveraging M2M and other supporting technologies enable anytime, anywhere, and any type of asset tracking.
In addition, improved economies of scale and advancements in miniaturization and communications have made low-value asset tracking more practical, expanding the range of potential industries and asset types. This is exemplified by the growing trend for RFID-based "slap-and-track" solutions for shipping, supply chain management, and enterprise logistics such as tracking low to medium-value assets such as business equipment and supplies.
Fleet and Non-Fleet Asset Tracking Market
There are substantial factors to consider when approaching the broader asset tracking market, which includes asset class, value, and degree of mobility. Whereas asset tracking has historically been largely fleet-focused (commercial trucks, trailers, vans, and cars), there is great potential for expansion towards non-vehicle related assets.
This is exemplified by the growing trend for RFID-based "slap-and-track" solutions for shipping, supply chain management, and enterprise logistics such as tracking low to medium-value assets such as business equipment and supplies. Slap-and-track asset tracking solutions are useful for more than just shipping-related use cases as they are also used for connected-asset monitoring and loss prevention.
For example, business equipment and tools may be tracked to prevent loss (such as leaving behind at a job site) and to ensure that assets are where they need to be when they are needed. These types of solutions are part of the rapidly growing asset tracking market trend involving the business need for cost-effective low-value asset management. Not just relegated to consumer-oriented use cases such as package delivery, slap-and-track is also an important asset tracking solution for enterprise, industrial, and government logistics and supply chain management.
Asset Tracking Market by Asset Value
Leading asset tracking solution companies are focusing on the asset value to a business or governmental organization rather than the book value of the asset itself. A consultative sales approach is necessary to inform enterprise, first of the value of interconnecting business assets, and secondly, demonstrative asset tracking outcomes that bring value straight to the bottom line.
The advent of advanced Internet of Things (IoT) solutions leveraging M2M and other supporting technologies enables anytime, anywhere, any type of asset tracking. In addition, advancements in miniaturization and communications have made lower value asset tracking more practical, expanding the range of potential industries and asset types.
Technology Integration in the Asset Tracking Market
The asset tracking market leverages a wide range of technologies, which are typically utilized based on a few key factors including cost, availability, and form factor of the asset to be tracked. While historically disparate technologies have been implemented on a silo basis, we see the asset tracking market evolving to a more integrative approach. This will be necessitated by business assets becoming increasingly more connected, driving enterprise organizations to desire more seamless asset management across asset classes/types, cohesive tracking between assets, and an expansive view of logistics.
Key Topics Covered:
1.0 Executive Summary
2.0 Asset Tracking Market Segmentation
4.0 Asset Tracking Solutions
5.0 Asset Tracking in Industry Verticals
6.0 Company Analysis
7.0 Overall Asset Tracking Market Analysis and Forecasts 2021 - 2026
8.0 Fleet Tracking Market Analysis and Forecasts 2021 - 2026
9.0 Non-Fleet Asset Tracking Market Analysis and Forecasts 2021 - 2026
10.0 IoT enabled Fleet Tracking Market Segment 2021 - 2026
11.0 IoT Enabled Non-Fleet Asset Tracking 2021 - 2026
12.0 Video Safety in Fleet Tracking Market 2021 - 2026
13.0 Emerging Technologies in Fleet Tracking Market 2021 - 2026
14.0 Slap-and-Track Asset Tracking Solutions Market 2021 - 2026
15.0 Living Creature Tracking Market 2021 - 2026
16.0 Conclusions and Recommendations
For more information about this report visit https://www.researchandmarkets.com/r/q8468j
Research and Markets
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