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Tracking-as-a-service is a cloud-based service employed by supply chain and logistics businesses for tracking vehicles, inventory, and assets. The cloud-based IT solutions has gathered traction in a diverse range of industries including transportation, manufacturing, consumer electronics, healthcare, and retail. Rapid strides have been witnessed in the ICT infrastructure world over.
Inroads made by IoT and growing adoption of smart devices in various industries have stirred the popularity of tracking-as-a-service offerings. A case in point is the incessant drive for industrial automation technologies such as warehouse robotics, together with the integration of RFID devices and sensors. Some of the other factors shaping the contours of future strategic landscape in the global tracking-as-a-service market are:
The advancement in technologies has resulted in rapid growth of logistics and transportation sector. Advanced technologies such as warehouse robotics in the supply chain, self-drive vehicles and RFID integrated goods vehicle, and automation in retail industry have resulted in increasing demand for cloud based solution like tracking-as-a-service. It helps to keep track on track inventories, assets, and vehicle without any human intervention. The manufacturing industries that heavily rely on the logistics and transportation considers tracking-as-a-service as one of the essential service solutions in order to run their production effortlessly.
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Tracking-as-a-service can be defined a solution based on the cloud where it helps industries to track their day to day business processes. Industries like retail and manufacturing deliver goods every day, where the deployment of a tracking system is necessary in order to get acknowledged about the delivery of a product or whether the inventory needs to be updated. In order to keep this track, industries use tracking-as-a-service for remote monitoring purpose.
Tracking-as-a-Service: Drivers and Restraints
The advanced technologies had led to increasing use of mobility solutions by enterprises which drives the usage of solutions like tracking-as-a-service to keep track of mobile devices. Also, growing use of electronic monitoring for personal and professional work is anticipated to boost the market growth of tracking-as-a-service.
The industries have many privacy concerns regarding electronic monitoring which restrains the enterprises from adopting the solution. There is even chance of security breach by intruders who may interrupt the tracking software. Also, low access is given to the customers. Such factors hamper the growth of the tracking-as-a-service market.
Innovation in technologies like robots in warehouses, investment in research and development and increasing adoption of tracking-as-a-service solutions by retail sector are the key trends in the market.
Segmentation based on types of service provided by Tracking-as-a-Service in Market:
Segmentation based on end-user of Tracking-as-a-Service in Market:
Segmentation based on location of use of Tracking-as-a-Service in Market:
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Tracking-as-a-Service: Competitive Landscape
The key players of the Motorola Solutions, Inc., AssetTrackr, AT&T Inc., Zebra Technologies, AssetTrackr Pvt Ltd., DigiCore Holdings Limited, Verizon Communications, Geotab Inc., Blackline GPS Inc and spider tracks limited.
North America is expected to be the largest market for Tracking-as-a-Service market. The majority of Tracking-as-a-Service vendors such as AT&T Inc., Motorola Solutions, Inc. and Honeywell International Inc. are based in North America region. This is attributed to increasing advances in automation technology in the region. The market is anticipated to grow in Asia Pacific region due to presence of other vendors like AssetTrackr and spider tracks limited in the region.
The report covers exhaustive analysis on:
Global Tracking-as-a-Service Market Segments
Regional analysis for Global Tracking-as-a-Service Market includes
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