Market by Type, End-user, and Geography | Forecast 2019-2028
After a detailed analysis, Triton’s report has concluded that the global asset tracking market is anticipated to showcase an upward trend in terms of revenue at a CAGR of 12.95%. The market was accounted for $17.69 billion in 2019, and is expected to reach $52.95 billion by 2028.
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Due to the rising size and complexities associated with logistics and warehousing operations, companies are adopting technologies that enhance operational efficiency. Here, one such technology that assists in tracking the merchandise is asset tracking. It offers solutions and tackles various challenges that companies encounter, including asset recovery, theft avoidance, regulatory compliance, eliminating ghost assets, and more.
Triton’s research
report on the asset tracking market provides an in-depth insight into the
market. The comprehensive analysis includes the market definition, key insight,
evolution and transition of the market, Porter’s five forces analysis, key
impact analysis, market attractiveness index, and vendor scorecard.
The growth in logistics
4.0 and IoT is primarily driving the asset tracking market’s progress. The
logistics industry is displaying a trend for higher adoption of digitization
and automation solutions. Moreover, the IoT implementation has significantly
increased, enabling real-time access to the data of the connected devices.
Additionally, logistics 4.0 facilitates advanced operation efficiency and cost
reduction, which is utilized for decision making in complex environments. This
aids in initiating a more dynamic and customized delivery service for the
consumers.
Furthermore, the
automated delivery of goods creates lucrative growth opportunities for the
asset tracking market in the upcoming years. The delivery of goods by drones
enables companies to provide services to remote locations or sparsely populated
areas that lack efficient transport infrastructure. In such cases, asset
tracking helps by tracing the delivery bot or UAV whereabouts, enabling
effective navigation. Hence, if the market for automated delivery flourishes,
asset tracking would show tremendous growth in the newly structured market.
However, asset tracking
solutions have high initial costs with limited functionality. Moreover, the
cost varies every month based on each asset for a feature-packed tracking
system, reducing the market’s scalability. Thus, the high initial cost of asset
tracking solutions is one of the major restraints affecting the asset tracking
market’s development.
key geographies
covered in the global asset tracking market are:
• NorthAmerica: United States and Canada
• Europe:
United Kingdom, Germany, France, Italy, Spain, Russia, and Rest of Europe
• Asia-Pacific:China, Japan, India, South Korea, ASEAN countries, Australia & New Zealand,
and Rest of Asia-Pacific
• LatinAmerica: Brazil, Mexico, and Rest of Latin America
• MiddleEast and Africa: United Arab Emirates, Turkey, Saudi Arabia, South Africa, and
Rest of Middle East & Africa
The
asset tracking market, in this report, is segmented based on:
• Market
by Type:
o Hardware
• QR Code/Barcode
• RFID (Radio-Frequency Identification)
• GPS (Global Positioning System)
• BLE (Bluetooth Low Energy)
• LoRaWAN (Long Range Wide Area Network)
• Custom Hardware
o Software
• Cloud
• On-Premise
o Services
• Market
by End-user:
o Transportation and
Logistics
o Healthcare
o Manufacturing
o Construction
o IT &
Telecommunication
o Oil & Gas
o Others
The well-known companies engaged in the asset
tracking market are Spireon Inc, Asset Panda LLC, Azuga, Oracle Corporation, AT&T
Inc, Fleet Complete, Hilti, Tenna, Zebra Technologies Corporation, CloudHawk,
Ubisense Group PLC, Verizon Communications Inc, GigaTrak, Trimble Inc, and
OnAsset Intelligence Inc.
Market by Technology (Data ana ..
VIEW REPORT1. GLOBAL
ASSET TRACKING MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. MARKET
DEFINITION
2.2. KEY
INSIGHTS
2.2.1. GROWING
E-COMMERCE INDUSTRY AUGMENTING MARKET’S GROWTH
2.2.2. INCREASED
ADOPTION OF IOT DEVICES DURING TRANSPORTATION
2.2.3. IMPROVEMENTS
IN TECHNOLOGIES HELP FLEET MANAGEMENT INDUSTRY
2.3. EVOLUTION
AND TRANSITION OF ASSET TRACKING MARKET
2.4. PORTER’S
FIVE FORCES ANALYSIS
2.4.1. THREAT
OF NEW ENTRANTS
2.4.2. THREAT
OF SUBSTITUTE
2.4.3. BARGAINING
POWER OF SUPPLIERS
2.4.4. BARGAINING
POWER OF BUYERS
2.4.5. THREAT
OF COMPETITIVE RIVALRY
2.5. KEY
IMPACT ANALYSIS
2.5.1. ACCESSIBILITY
2.5.2. MOBILITY
2.5.3. FEATURES
2.5.4. SCALABILITY
2.5.5. PRICING
2.5.6. SUPPORT
2.6. MARKET
ATTRACTIVENESS INDEX
2.7. VENDOR
SCORECARD
2.8. MARKET
DRIVERS
2.8.1. GROWING
DEMAND FROM 3PL COMPANIES
2.8.2. GROWTH
IN IOT AND LOGISTICS 4.0
2.9. MARKET
RESTRAINTS
2.9.1. HIGH
INITIAL COST OF ASSET TRACKING SOFTWARE
2.10. MARKET
OPPORTUNITIES
2.10.1. GOVERNMENT INITIATIVES IN
FAVOUR OF GPS TRACKING
2.10.2. OPPORTUNITIES FROM AUTOMATED
DELIVERY
2.11. MARKET
CHALLENGES
2.11.1. PRIVACY PERTAINING TO CONSUMER’S
DATA
2.11.2. LOW MARKET AWARENESS
2.12. IMPACT
OF COVID-19 ON ASSET TRACKING MARKET
3. GLOBAL
ASSET TRACKING MARKET OUTLOOK - BY TYPE
3.1. HARDWARE
3.1.1. QR
CODE/BARCODE
3.1.2. RFID
(RADIO-FREQUENCY IDENTIFICATION)
3.1.3. GPS
(GLOBAL POSITIONING SYSTEM)
3.1.4. BLE
(BLUETOOTH LOW ENERGY)
3.1.5. LORAWAN
(LONG RANGE WIDE AREA NETWORK)
3.1.6. CUSTOM
HARDWARE
3.2. SOFTWARE
3.2.1. CLOUD
3.2.2. ON-PREMISE
3.3. SERVICES
4. GLOBAL
ASSET TRACKING MARKET OUTLOOK - BY END-USER
4.1. TRANSPORTATION
AND LOGISTICS
4.2. HEALTHCARE
4.3. MANUFACTURING
4.4. CONSTRUCTION
4.5. IT
& TELECOMMUNICATION
4.6. OIL
& GAS
4.7. OTHERS
5. GLOBAL
ASSET TRACKING MARKET - REGIONAL OUTLOOK
5.1. NORTH
AMERICA
5.1.1. MARKET
BY TYPE
5.1.1.1. MARKET
BY HARDWARE
5.1.1.2. MARKET
BY SOFTWARE
5.1.2. MARKET
BY END-USER
5.1.3. COUNTRY
ANALYSIS
5.1.3.1. UNITED
STATES
5.1.3.2. CANADA
5.2. EUROPE
5.2.1. MARKET
BY TYPE
5.2.1.1. MARKET
BY HARDWARE
5.2.1.2. MARKET
BY SOFTWARE
5.2.2. MARKET
BY END-USER
5.2.3. COUNTRY
ANALYSIS
5.2.3.1. UNITED
KINGDOM
5.2.3.2. GERMANY
5.2.3.3. FRANCE
5.2.3.4. SPAIN
5.2.3.5. ITALY
5.2.3.6. RUSSIA
5.2.3.7. REST
OF EUROPE
5.3. ASIA-PACIFIC
5.3.1. MARKET
BY TYPE
5.3.1.1. MARKET
BY HARDWARE
5.3.1.2. MARKET
BY SOFTWARE
5.3.2. MARKET
BY END-USER
5.3.3. COUNTRY
ANALYSIS
5.3.3.1. CHINA
5.3.3.2. JAPAN
5.3.3.3. INDIA
5.3.3.4. SOUTH
KOREA
5.3.3.5. ASEAN
COUNTRIES
5.3.3.6. AUSTRALIA
& NEW ZEALAND
5.3.3.7. REST
OF ASIA-PACIFIC
5.4. LATIN
AMERICA
5.4.1. MARKET
BY TYPE
5.4.1.1. MARKET
BY HARDWARE
5.4.1.2. MARKET
BY SOFTWARE
5.4.2. MARKET
BY END-USER
5.4.3. COUNTRY
ANALYSIS
5.4.3.1. BRAZIL
5.4.3.2. MEXICO
5.4.3.3. REST
OF LATIN AMERICA
5.5. MIDDLE
EAST AND AFRICA
5.5.1. MARKET
BY TYPE
5.5.1.1. MARKET
BY HARDWARE
5.5.1.2. MARKET
BY SOFTWARE
5.5.2. MARKET
BY END-USER
5.5.3. COUNTRY
ANALYSIS
5.5.3.1. UNITED
ARAB EMIRATES
5.5.3.2. TURKEY
5.5.3.3. SAUDI
ARABIA
5.5.3.4. SOUTH
AFRICA
5.5.3.5. REST
OF MIDDLE EAST & AFRICA
6. COMPETITIVE
LANDSCAPE
6.1. ASSET
PANDA LLC
6.2. AT&T
INC
6.3. AZUGA
6.4. CLOUDHAWK
6.5. FLEET
COMPLETE
6.6. GIGATRAK
6.7. HILTI
6.8. ONASSET
INTELLIGENCE INC
6.9. ORACLE
CORPORATION
6.10. SPIREON
INC
6.11. TENNA
6.12. TRIMBLE
INC
6.13. UBISENSE
GROUP PLC
6.14. VERIZON
COMMUNICATIONS INC
6.15. ZEBRA
TECHNOLOGIES CORPORATION
7. METHODOLOGY
& SCOPE
7.1. RESEARCH
SCOPE & DELIVERABLES
7.2. SOURCES
OF DATA
7.3. RESEARCH
METHODOLOGY
TABLE 1. GLOBAL ASSET
TRACKING MARKET, BY GEOGRAPHY, 2019-2028 (IN $ MILLION)
TABLE 2. MARKET
ATTRACTIVENESS INDEX
TABLE 3. VENDOR
SCORECARD
TABLE 4. GLOBAL ASSET
TRACKING MARKET, BY TYPE, 2019-2028 (IN $ MILLION)
TABLE 5. GLOBAL ASSET
TRACKING MARKET, BY HARDWARE, 2019-2028 (IN $ MILLION)
TABLE 6. GLOBAL ASSET TRACKING
MARKET, BY SOFTWARE, 2019-2028 (IN $ MILLION)
TABLE 7. GLOBAL ASSET
TRACKING MARKET, BY END-USER, 2019-2028 (IN $ MILLION)
TABLE 8. GLOBAL ASSET
TRACKING MARKET, BY GEOGRAPHY, 2019-2028 (IN $ MILLION)
TABLE 9. NORTH AMERICA
ASSET TRACKING MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)
TABLE 10. NORTH AMERICA
ASSET TRACKING MARKET, BY TYPE, 2019-2028 (IN $ MILLION)
TABLE 11. NORTH AMERICA
ASSET TRACKING MARKET, BY HARDWARE, 2019-2028 (IN $ MILLION)
TABLE 12. NORTH AMERICA
ASSET TRACKING MARKET, BY SOFTWARE, 2019-2028 (IN $ MILLION)
TABLE 13. NORTH AMERICA
ASSET TRACKING MARKET, BY END-USER, 2019-2028 (IN $ MILLION)
TABLE 14. EUROPE ASSET
TRACKING MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)
TABLE 15. EUROPE ASSET
TRACKING MARKET, BY TYPE, 2019-2028 (IN $ MILLION)
TABLE 16. EUROPE ASSET
TRACKING MARKET, BY HARDWARE, 2019-2028 (IN $ MILLION)
TABLE 17. EUROPE ASSET
TRACKING MARKET, BY SOFTWARE, 2019-2028 (IN $ MILLION)
TABLE 18. EUROPE ASSET
TRACKING MARKET, BY END-USER, 2019-2028 (IN $ MILLION)
TABLE 19. ASIA-PACIFIC
ASSET TRACKING MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)
TABLE 20. ASIA-PACIFIC
ASSET TRACKING MARKET, BY TYPE, 2019-2028 (IN $ MILLION)
TABLE 21. ASIA-PACIFIC
ASSET TRACKING MARKET, BY HARDWARE, 2019-2028 (IN $ MILLION)
TABLE 22. ASIA-PACIFIC
ASSET TRACKING MARKET, BY SOFTWARE, 2019-2028 (IN $ MILLION)
TABLE 23. ASIA-PACIFIC
ASSET TRACKING MARKET, BY END-USER, 2019-2028 (IN $ MILLION)
TABLE 24. LATIN AMERICA
ASSET TRACKING MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)
TABLE 25. LATIN AMERICA
ASSET TRACKING MARKET, BY TYPE, 2019-2028 (IN $ MILLION)
TABLE 26. LATIN AMERICA
ASSET TRACKING MARKET, BY HARDWARE, 2019-2028 (IN $ MILLION)
TABLE 27. LATIN AMERICA
ASSET TRACKING MARKET, BY SOFTWARE, 2019-2028 (IN $ MILLION)
TABLE 28. LATIN AMERICA
ASSET TRACKING MARKET, BY END-USER, 2019-2028 (IN $ MILLION)
TABLE 29. MIDDLE EAST
AND AFRICA ASSET TRACKING MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)
TABLE 30. MIDDLE EAST
AND AFRICA ASSET TRACKING MARKET, BY TYPE, 2019-2028 (IN $ MILLION)
TABLE 31. MIDDLE EAST
AND AFRICA ASSET TRACKING MARKET, BY HARDWARE, 2019-2028 (IN $ MILLION)
TABLE 32. MIDDLE EAST
AND AFRICA ASSET TRACKING MARKET, BY SOFTWARE, 2019-2028 (IN $ MILLION)
TABLE 33. MIDDLE EAST
AND AFRICA ASSET TRACKING MARKET, BY END-USER, 2019-2028 (IN $ MILLION)
FIGURE 1. PORTER’S FIVE
FORCES ANALYSIS
FIGURE 2. KEY BUYING
IMPACT ANALYSIS
FIGURE 3. GLOBAL ASSET
TRACKING MARKET, BY HARDWARE, 2019-2028 (IN $ MILLION)
FIGURE 4. GLOBAL ASSET
TRACKING MARKET, BY QR CODE/BARCODE, 2019-2028 (IN $ MILLION)
FIGURE 5. GLOBAL ASSET
TRACKING MARKET, BY RFID (RADIO-FREQUENCY IDENTIFICATION), 2019-2028 (IN $
MILLION)
FIGURE 6. GLOBAL ASSET
TRACKING MARKET, BY GPS (GLOBAL POSITIONING SYSTEM), 2019-2028 (IN $ MILLION)
FIGURE 7. GLOBAL ASSET TRACKING
MARKET, BY BLE (BLUETOOTH LOW ENERGY), 2019-2028 (IN $ MILLION)
FIGURE 8. GLOBAL ASSET
TRACKING MARKET, BY LORAWAN (LONG RANGE WIDE AREA NETWORK), 2019-2028 (IN $
MILLION)
FIGURE 9. GLOBAL ASSET
TRACKING MARKET, BY HARDWARE, 2019-2028 (IN $ MILLION)
FIGURE 10. GLOBAL ASSET
TRACKING MARKET, BY SOFTWARE, 2019-2028 (IN $ MILLION)
FIGURE 11. GLOBAL ASSET
TRACKING MARKET, BY CLOUD, 2019-2028 (IN $ MILLION)
FIGURE 12. GLOBAL ASSET
TRACKING MARKET, BY ON-PREMISE, 2019-2028 (IN $ MILLION)
FIGURE 13. GLOBAL ASSET
TRACKING MARKET, BY SERVICES, 2019-2028 (IN $ MILLION)
FIGURE 14. GLOBAL ASSET
TRACKING MARKET, BY TRANSPORTATION AND LOGISTICS, 2019-2028 (IN $ MILLION)
FIGURE 15. GLOBAL ASSET
TRACKING MARKET, BY HEALTHCARE, 2019-2028 (IN $ MILLION)
FIGURE 16. GLOBAL ASSET
TRACKING MARKET, BY MANUFACTURING, 2019-2028 (IN $ MILLION)
FIGURE 17. GLOBAL ASSET
TRACKING MARKET, BY CONSTRUCTION, 2019-2028 (IN $ MILLION)
FIGURE 18. GLOBAL ASSET
TRACKING MARKET, BY IT & TELECOMMUNICATION, 2019-2028 (IN $ MILLION)
FIGURE 19. GLOBAL ASSET
TRACKING MARKET, BY OIL & GAS, 2019-2028 (IN $ MILLION)
FIGURE 20. GLOBAL ASSET
TRACKING MARKET, BY OTHERS, 2019-2028 (IN $ MILLION)
FIGURE 21. GLOBAL ASSET
TRACKING MARKET, REGIONAL OUTLOOK, 2019 AND 2028 (IN %)
FIGURE 22. UNITED
STATES ASSET TRACKING MARKET 2019-2028 (IN $ MILLION)
FIGURE 23. CANADA ASSET
TRACKING MARKET 2019-2028 (IN $ MILLION)
FIGURE 24. UNITED
KINGDOM ASSET TRACKING MARKET 2019-2028 (IN $ MILLION)
FIGURE 25. GERMANY
ASSET TRACKING MARKET 2019-2028 (IN $ MILLION)
FIGURE 26. FRANCE ASSET
TRACKING MARKET 2019-2028 (IN $ MILLION)
FIGURE 27. SPAIN ASSET
TRACKING MARKET 2019-2028 (IN $ MILLION)
FIGURE 28. ITALY ASSET
TRACKING MARKET 2019-2028 (IN $ MILLION)
FIGURE 29. RUSSIA ASSET
TRACKING MARKET 2019-2028 (IN $ MILLION)
FIGURE 30. REST OF
EUROPE ASSET TRACKING MARKET 2019-2028 (IN $ MILLION)
FIGURE 31. CHINA ASSET
TRACKING MARKET 2019-2028 (IN $ MILLION)
FIGURE 32. JAPAN ASSET
TRACKING MARKET 2019-2028 (IN $ MILLION)
FIGURE 33. INDIA ASSET
TRACKING MARKET 2019-2028 (IN $ MILLION)
FIGURE 34. SOUTH KOREA
ASSET TRACKING MARKET 2019-2028 (IN $ MILLION)
FIGURE 35. ASEAN
COUNTRIES ASSET TRACKING MARKET 2019-2028 (IN $ MILLION)
FIGURE 36. AUSTRALIA
& NEW ZEALAND ASSET TRACKING MARKET 2019-2028 (IN $ MILLION)
FIGURE 37. REST OF ASIA-PACIFIC
ASSET TRACKING MARKET 2019-2028 (IN $ MILLION)
FIGURE 38. BRAZIL ASSET
TRACKING MARKET 2019-2028 (IN $ MILLION)
FIGURE 39. MEXICO ASSET
TRACKING MARKET 2019-2028 (IN $ MILLION)
FIGURE 40. REST OF
LATIN AMERICA ASSET TRACKING MARKET 2019-2028 (IN $ MILLION)
FIGURE 41. UNITED ARAB
EMIRATES ASSET TRACKING MARKET 2019-2028 (IN $ MILLION)
FIGURE 42. TURKEY ASSET
TRACKING MARKET 2019-2028 (IN $ MILLION)
FIGURE 43. SAUDI ARABIA
ASSET TRACKING MARKET 2019-2028 (IN $ MILLION)
FIGURE 44. SOUTH AFRICA
ASSET TRACKING MARKET 2019-2028 (IN $ MILLION)
FIGURE 45. REST OF
MIDDLE EAST & AFRICA ASSET TRACKING MARKET 2019-2028 (IN $ MILLION)