Tracking-as-a-Service Market Growth, Future Prospects, Business Strategies, Trends, Forecast to 2025
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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:

  • Progress made in IoT-enabled communication systems have received a solid boost from advancements in internet connectivity technologies in various developing and less developed regions across the world.
  • In recent years, the advent of cutting-edge automation technologies has opened new avenues in the global tracking-as-a-service market. A prominent case in point is self-driving vehicles, which may open an exciting paradigm in the application of tracking-as-a-service solutions in developed regions.
  • The popularity of end-to-end tracking as a service has unlocked a new market value for end-use industries notably in manufacturing. The tracking-as-a-service market has been a key enabler for manufacturing industries to ensure components are in the right place at the right time. The need for optimizing entire supply chain is propelling the popularity of end-to-end tracking. Manufacturing units of a number of industries are adopting end-to-end tracking offered as a service to bolster their efficiency in inbound and outbound logistics and supply chain. Need for better logistics planning is fueling the overall prospects of the market.

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.

Tracking-as-a-Service: Segmentation

Segmentation based on types of service provided by Tracking-as-a-Service in Market:

  • Platform-as-a-service (PaaS): It includes basic functionalities such as basic tracking of device, monitoring or analytics services
  • Software-as-a-service (SaaS): It is used for planning the routes, choosing optimal travelling paths, location data and analytics

Segmentation based on end-user of Tracking-as-a-Service in Market:

  • Retail
  • Manufacturing
  • E-commerce
  • Consumer electronics
  • Transportation
  • Distribution & Delivery
  • Healthcare
  • Security
  • Others

Segmentation based on location of use of Tracking-as-a-Service in Market:

  • Indoor
  • Outdoor

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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.

Regional Overview

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

  • Global Tracking-as-a-Service Market Dynamics
  • Historical Actual Market Size, 2012 – 2016
  • Global Tracking-as-a-Service Market Size & Forecast 2017 to 2027
  • Supply & Demand Value Chain for Tracking-as-a-Service Market
  • Global Tracking-as-a-Service Market Current Trends/Issues/Challenges
  • Competition & Companies involved in Tracking-as-a-Service Market
  • Tracking-as-a-Service Technology
  • Value Chain of Sales Performance Management solutions
  • Global Tracking-as-a-Service Market Drivers and Restraints

Regional analysis for Global Tracking-as-a-Service Market includes

  • North America Tracking-as-a-Service Market
    • US
    • Canada
  • Latin America Tracking-as-a-Service Market
    • Argentina
    • Mexico
    • Brazil
    • Rest of Latin America
  • Western Europe Tracking-as-a-Service Market
    • Germany
    • France
    • U.K.
    • Spain
    • Italy
    • Nordic
    • Benelux
    • Rest of Western Europe
  • Eastern Europe Tracking-as-a-Service Market
    • Poland
    • Russia
  • Asia Pacific Tracking-as-a-Service Market
    • Australia and New Zealand (A&NZ)
    • China
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Japan Tracking-as-a-Service Market
  • The Middle East and Africa Tracking-as-a-Service Market
    • GCC Countries
    • North Africa
    • South Africa
    • Rest of MEA

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:

  • Tailwinds and headwinds molding the market’s trajectory
  • Market segments based on products, technology, and applications
  • Prospects of each segment
  • Overall current and possible future size of the market
  • Growth pace of the market
  • Competitive landscape and key players’ strategies

The main aim of the report is to:

  • Enable key stakeholder’s in the market bet right on it
  • Understand the opportunities and pitfalls awaiting them
  • Assess the overall growth scope in the near term
  • Strategize effectively with respect to production and distribution

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