MIDDLE EAST AND AFRICA ASSET TRACKING MARKET 2019-2028

ICT | Media Software & Services

MIDDLE EAST AND AFRICA ASSET TRACKING MARKET 2019-2028

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

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Triton’s research report determined the asset tracking market in the Middle East and Africa to expect growth at a compound annual growth rate of 12.87% through the evaluated years of 2019-2028.


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The countries considered for analysis in this market are:

•        The United Arab Emirates

•        Turkey

•        South Africa

•        Saudi Arabia

•        Rest of Middle East & Africa

In the Middle East, several businesses are implementing ambitious transformation roadmaps to confirm their relevance in the digital sector. These organizations in various end-user industries deploy and integrate technological advancements to enable an efficient transition towards digitalization, facilitating connectivity and mobility. The strategic partnerships and acquisitions among multiple end-user sectors are also projected to generate multiple opportunities for the region’s asset tracking market. For instance, Xirgo Technologies LLC had acquired UAB Baltic Car Equipment (BCE), based in Lithuania. BCE offers a host of fleet management solutions such as hardware and software suits for light vehicles, trucks, and heavy machinery. This could encourage several government authorities and companies in the region to access and deploy technologies to reduce costs and increase efficiency in logistics activities. Hence, such partnerships, along with government initiatives motivating the adoption of asset tracking solutions, are anticipated to generate growth opportunities for the studied market in the Middle East.

On the other hand, the adoption of industry 4.0 in South Africa is relatively low. However, its adoption is discussed by many industry leaders and policymakers, owing to the impact that smart technologies could have on the country’s socio-economic condition. The country’s manufacturing companies display great potential to adopt specific industry 4.0 applications, developing unique high-tech products and overtaking global competitors in the future. Such growth trends in industry 4.0 are expected to augment the demand for asset tracking solutions, thereby fueling South Africa’s asset tracking market’s evolution.

Oracle Corporation is involved in delivering products and services in the field of information technology. It functions through its various business segments, such as cloud and on-premise software, hardware, and services. The company serves numerous end-user industries, including manufacturing, automotive, construction, and the public sector. Its asset management provides the planning, tracking, and execution of assets. The company has its operations worldwide, including the Middle East and Africa. 

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Table of Content

1. MIDDLE EAST AND AFRICA 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. MIDDLE EAST AND AFRICA 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. MIDDLE EAST AND AFRICA 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. MIDDLE EAST AND AFRICA ASSET TRACKING MARKET - REGIONAL OUTLOOK

5.1. UNITED ARAB EMIRATES

5.2. TURKEY

5.3. SAUDI ARABIA

5.4. SOUTH AFRICA

5.5. 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

List of Tables

TABLE 1. MIDDLE EAST AND AFRICA ASSET TRACKING MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)

TABLE 2. MARKET ATTRACTIVENESS INDEX

TABLE 3. VENDOR SCORECARD

TABLE 4. MIDDLE EAST AND AFRICA ASSET TRACKING MARKET, BY TYPE, 2019-2028 (IN $ MILLION)

TABLE 5. MIDDLE EAST AND AFRICA ASSET TRACKING MARKET, BY HARDWARE, 2019-2028 (IN $ MILLION)

TABLE 6. MIDDLE EAST AND AFRICA ASSET TRACKING MARKET, BY SOFTWARE, 2019-2028 (IN $ MILLION)

TABLE 7. MIDDLE EAST AND AFRICA ASSET TRACKING MARKET, BY END-USER, 2019-2028 (IN $ MILLION)

TABLE 8. MIDDLE EAST AND AFRICA 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. MIDDLE EAST AND AFRICA ASSET TRACKING MARKET, BY HARDWARE, 2019-2028 (IN $ MILLION)

FIGURE 4. MIDDLE EAST AND AFRICA ASSET TRACKING MARKET, BY QR CODE/BARCODE, 2019-2028 (IN $ MILLION)

FIGURE 5. MIDDLE EAST AND AFRICA ASSET TRACKING MARKET, BY RFID (RADIO-FREQUENCY IDENTIFICATION), 2019-2028 (IN $ MILLION)

FIGURE 6. MIDDLE EAST AND AFRICA ASSET TRACKING MARKET, BY GPS (GLOBAL POSITIONING SYSTEM), 2019-2028 (IN $ MILLION)

FIGURE 7. MIDDLE EAST AND AFRICA ASSET TRACKING MARKET, BY BLE (BLUETOOTH LOW ENERGY), 2019-2028 (IN $ MILLION)

FIGURE 8. MIDDLE EAST AND AFRICA ASSET TRACKING MARKET, BY LORAWAN (LONG RANGE WIDE AREA NETWORK), 2019-2028 (IN $ MILLION)

FIGURE 9. MIDDLE EAST AND AFRICA ASSET TRACKING MARKET, BY HARDWARE, 2019-2028 (IN $ MILLION)

FIGURE 10. MIDDLE EAST AND AFRICA ASSET TRACKING MARKET, BY SOFTWARE, 2019-2028 (IN $ MILLION)

FIGURE 11. MIDDLE EAST AND AFRICA ASSET TRACKING MARKET, BY CLOUD, 2019-2028 (IN $ MILLION)

FIGURE 12. MIDDLE EAST AND AFRICA ASSET TRACKING MARKET, BY ON-PREMISE, 2019-2028 (IN $ MILLION)

FIGURE 13. MIDDLE EAST AND AFRICA ASSET TRACKING MARKET, BY SERVICES, 2019-2028 (IN $ MILLION)

FIGURE 14. MIDDLE EAST AND AFRICA ASSET TRACKING MARKET, BY TRANSPORTATION AND LOGISTICS, 2019-2028 (IN $ MILLION)

FIGURE 15. MIDDLE EAST AND AFRICA ASSET TRACKING MARKET, BY HEALTHCARE, 2019-2028 (IN $ MILLION)

FIGURE 16. MIDDLE EAST AND AFRICA ASSET TRACKING MARKET, BY MANUFACTURING, 2019-2028 (IN $ MILLION)

FIGURE 17. MIDDLE EAST AND AFRICA ASSET TRACKING MARKET, BY CONSTRUCTION, 2019-2028 (IN $ MILLION)

FIGURE 18. MIDDLE EAST AND AFRICA ASSET TRACKING MARKET, BY IT & TELECOMMUNICATION, 2019-2028 (IN $ MILLION)

FIGURE 19. MIDDLE EAST AND AFRICA ASSET TRACKING MARKET, BY OIL & GAS, 2019-2028 (IN $ MILLION)

FIGURE 20. MIDDLE EAST AND AFRICA ASSET TRACKING MARKET, BY OTHERS, 2019-2028 (IN $ MILLION)

FIGURE 21. MIDDLE EAST AND AFRICA ASSET TRACKING MARKET, REGIONAL OUTLOOK, 2019 AND 2028 (IN %)

FIGURE 22. UNITED ARAB EMIRATES ASSET TRACKING MARKET 2019-2028 (IN $ MILLION)

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

FIGURE 24. SAUDI ARABIA ASSET TRACKING MARKET 2019-2028 (IN $ MILLION)

FIGURE 25. SOUTH AFRICA ASSET TRACKING MARKET 2019-2028 (IN $ MILLION)

FIGURE 26. REST OF MIDDLE EAST & AFRICA ASSET TRACKING MARKET 2019-2028 (IN $ MILLION)

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