LATIN AMERICA ASSET TRACKING MARKET 2019-2028

ICT | Media Software & Services

LATIN AMERICA ASSET TRACKING MARKET 2019-2028

Market by Type, End-user, and Country | Forecast 2019-2028

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Triton’s report predicts the Latin America asset tracking market to develop at a CAGR of 12.67% during the estimated period 2019-2028.


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The countries scrutinized in this market include:

•        Brazil

•        Mexico

•        Rest of Latin America

In Latin America, the number of IoT connections is expected to grow over the next few years, which will further boost the adoption of mobile devices. Additionally, numerous initiatives by multiple enterprises have significantly contributed to the growth of the region’s transportation and logistics sector. This growth helps augment the need for asset tracking solutions to ensure the effective flow of business operations. Furthermore, several international companies are entering the region by extending their services through partnerships and acquisitions. For instance, CalAmp, a technology solutions provider, had acquired two companies to help expand its connected vehicles and asset tracking services sector in Mexico. Hence, the factors stated above indicate the positive growth of the asset tracking market in Latin America.

In Mexico, the e-commerce sector is growing rapidly, and is significantly contributing to worldwide growth. Moreover, new markets are emerging in the country, while the existing market displays potential for further development. IoT technologies are another sector projected to grow rapidly, including hardware, software, and connectivity services in the IoT ecosystem. This growth in the adoption of IoT technologies and the e-commerce sector is anticipated to propel the demand for asset tracking solutions to aid in various business functions. Thus, it further augments the expansion of the asset tracking market in Mexico.

Zebra Technologies Corporation is involved in designing, manufacturing, marketing, and supporting a wide range of radio frequency identification (RFID) printer, dye sublimation card printers, and real-time locating solutions. It operates through two business segments, namely, enterprise and legacy Zebra. The MotionWorks solutions, a vehicle tracking solution, offered by the company, helps track, measure, and manage vehicle through off-line processes and testing anywhere within the facility. The company has its operation worldwide, including Latin America.

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Table of Content

1. LATIN AMERICA 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. LATIN AMERICA 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. LATIN AMERICA 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. LATIN AMERICA ASSET TRACKING MARKET - REGIONAL OUTLOOK

5.1. BRAZIL

5.2. MEXICO

5.3. REST OF LATIN AMERICA

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

List of Tables

TABLE 1. LATIN AMERICA ASSET TRACKING MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)

TABLE 2. MARKET ATTRACTIVENESS INDEX

TABLE 3. VENDOR SCORECARD

TABLE 4. LATIN AMERICA ASSET TRACKING MARKET, BY TYPE, 2019-2028 (IN $ MILLION)

TABLE 5. LATIN AMERICA ASSET TRACKING MARKET, BY HARDWARE, 2019-2028 (IN $ MILLION)

TABLE 6. LATIN AMERICA ASSET TRACKING MARKET, BY SOFTWARE, 2019-2028 (IN $ MILLION)

TABLE 7. LATIN AMERICA ASSET TRACKING MARKET, BY END-USER, 2019-2028 (IN $ MILLION)

TABLE 8. LATIN AMERICA ASSET TRACKING MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)

List of Figures

FIGURE 1. PORTER’S FIVE FORCES ANALYSIS

FIGURE 2. KEY BUYING IMPACT ANALYSIS

FIGURE 3. LATIN AMERICA ASSET TRACKING MARKET, BY HARDWARE, 2019-2028 (IN $ MILLION)

FIGURE 4. LATIN AMERICA ASSET TRACKING MARKET, BY QR CODE/BARCODE, 2019-2028 (IN $ MILLION)

FIGURE 5. LATIN AMERICA ASSET TRACKING MARKET, BY RFID (RADIO-FREQUENCY IDENTIFICATION), 2019-2028 (IN $ MILLION)

FIGURE 6. LATIN AMERICA ASSET TRACKING MARKET, BY GPS (GLOBAL POSITIONING SYSTEM), 2019-2028 (IN $ MILLION)

FIGURE 7. LATIN AMERICA ASSET TRACKING MARKET, BY BLE (BLUETOOTH LOW ENERGY), 2019-2028 (IN $ MILLION)

FIGURE 8. LATIN AMERICA ASSET TRACKING MARKET, BY LORAWAN (LONG RANGE WIDE AREA NETWORK), 2019-2028 (IN $ MILLION)

FIGURE 9. LATIN AMERICA ASSET TRACKING MARKET, BY HARDWARE, 2019-2028 (IN $ MILLION)

FIGURE 10. LATIN AMERICA ASSET TRACKING MARKET, BY SOFTWARE, 2019-2028 (IN $ MILLION)

FIGURE 11. LATIN AMERICA ASSET TRACKING MARKET, BY CLOUD, 2019-2028 (IN $ MILLION)

FIGURE 12. LATIN AMERICA ASSET TRACKING MARKET, BY ON-PREMISE, 2019-2028 (IN $ MILLION)

FIGURE 13. LATIN AMERICA ASSET TRACKING MARKET, BY SERVICES, 2019-2028 (IN $ MILLION)

FIGURE 14. LATIN AMERICA ASSET TRACKING MARKET, BY TRANSPORTATION AND LOGISTICS, 2019-2028 (IN $ MILLION)

FIGURE 15. LATIN AMERICA ASSET TRACKING MARKET, BY HEALTHCARE, 2019-2028 (IN $ MILLION)

FIGURE 16. LATIN AMERICA ASSET TRACKING MARKET, BY MANUFACTURING, 2019-2028 (IN $ MILLION)

FIGURE 17. LATIN AMERICA ASSET TRACKING MARKET, BY CONSTRUCTION, 2019-2028 (IN $ MILLION)

FIGURE 18. LATIN AMERICA ASSET TRACKING MARKET, BY IT & TELECOMMUNICATION, 2019-2028 (IN $ MILLION)

FIGURE 19. LATIN AMERICA ASSET TRACKING MARKET, BY OIL & GAS, 2019-2028 (IN $ MILLION)

FIGURE 20. LATIN AMERICA ASSET TRACKING MARKET, BY OTHERS, 2019-2028 (IN $ MILLION)

FIGURE 21. LATIN AMERICA ASSET TRACKING MARKET, REGIONAL OUTLOOK, 2019 AND 2028 (IN %)

FIGURE 22. BRAZIL ASSET TRACKING MARKET 2019-2028 (IN $ MILLION)

FIGURE 23. MEXICO ASSET TRACKING MARKET 2019-2028 (IN $ MILLION)

FIGURE 24. REST OF LATIN AMERICA ASSET TRACKING MARKET 2019-2028 (IN $ MILLION)

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