Market by Type, End-user, and Country | Forecast 2019-2028
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.
Market by Security Testing Typ ..
VIEW REPORT1. 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
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)
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)