Wireless asset management is a process that is used to monitor and manage assets like tools, equipment, and professionals using wireless technology. The business scenario these days is creating a whole new set of possibilities to provide portability, flexibility and scalability to the overall system. To avoid dysfunctionality of the systems, providing on-time alerts for servicing the equipment and also providing theft alert in cases where the assets cross the geo-fenced area. The latest generation innovations like GSM and GPRS are driving the wireless asset management market at a rapid pace.
The increasing need for real-time asset management solutions is the major driving factor for the global wireless asset management market. The rising demand for portable equipment and tools for asset management to improve operational efficiency is also a key driver in the wireless asset management market. The rise in the cloud-based systems and the increase in technological innovations have helped in building a better company-client relationship by fulfilling the orders of the client as per the requirements. Hence companies are increasingly adopting these solutions to improve their asset utilization.
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The global wireless asset management report presents a comprehensive overview, market shares and growth opportunities for the product and gives an insight on the product type, applications and the influence of the key companies in the key regions. The report also analyses the need for wireless asset management among the key players which provides the system of monitoring complete operations through any distant location using the internet. The market competition landscape and a detailed analysis of the major vendors and manufacturers are also present in the report.
Global Market Key Players :
The report provides a detailed analysis to understand the structure of the Wireless Asset Management market by identifying its various subsegments. On the basis of market segmentation by product type, the global wireless asset management market can be split into Software Management and Hardware Management. The data presented for the segmentation by product type is from 2014 to 2019 and forecasted up to the year 2024. And on the basis of market segmentation by product application, the global wireless asset management market can be categorized into Loss Prevention, Physical Asset Monitoring, and Automated Inventory Control. The data presented for the segmentation by product application is from 2014 to 2019 and forecasted up to the year 2024.
Countries like Brazil, China, India, Mexico, Canada, United States, Korea, Australia, UK, Italy, Russia, Spain, Germany, Australia, France, Egypt, Korea, South Africa, Turkey, Israel and regions like the Middle East, Africa and GCC countries. These countries and regions are the prominent centres for competitive developments such as expansions, agreements and new product launches in the global wireless asset management market. The strategic profiling of the key players and growth strategies are also mentioned in the report. While numerous solutions are being provided by the key players like better connectivity and reliability on the wireless asset management system, still there are various compatibility issues such as high costs involved and lack of knowledge and expertise related to the functioning and benefits of wireless asset management.
The institutional investor, Guinness Atkinson Asset Management Inc. has reduced its holdings in QUALCOMM Inc. by 0.5% as reported by the company’s recent 13F filing with the Securities and Exchange Commission. The company has sold 200 shares during the period and presently owns 36,700 shares and still owns about 2.2% of the holdings.
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