As per a recent survey by insightSLICE, Global asset tracking market size is expected to reach USD 60.35 billion by 2031, exhibiting a CAGR of 12.6% during the forecast period 2021-2031.
The practice of tracking the location and status of an organization’s movable and stationary assets is known as asset tracking. Asset tracking systems are also quite accessible, with some of them being able to connect with mobile asset management apps for quick and easy verification, disposal, and purchasing. The ability to determine the exact address of assets in seconds also helps to ensure that company resources are safe and secure from theft or illegal activity. They can also be easily tracked and located if necessary.
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Some of the major players in the Asset Tracking market are Verizon Connect, Asset Panda, Hilti, CloudHawk, Wasp AssetCloud, Samsara, Tenna, Azuga, ATTI, Keeptruckin, Rand McNally, Omnitracs, Nextraq, Teletrac Navman, Automile, Clearpath GPS, Zonar Systems, Mix Telematics, Blue Tree Systems, TitanGPS, Atti Fleet Tracking, Fleet Complete, Rhino Fleet Tracking.
Players in the Asset Tracking market are mainly concentrating on new product launches, acquisition, and collaboration to meet the growing demand for various end-use industries. New product launches help companies to strengthen their product portfolio and meet the specific demands of customers.
The report discusses key information about major growth drivers, restraints, opportunities, and trends observed in the global Asset Tracking market. Factors such as market projections, the supply-demand ratio, market size, market attractiveness, technological advances, and key segments have been studied in detail. The Asset Tracking market shares, product portfolios, and business strategies of the major market players have been revealed, along with authentic statistical data, figures, charts, and tables.
By Deployment Type:
By End-user Applications:
- Food & Beverages
- Transportation & Logistics
- Other End-user Applications
Users can Expect Following From this Report:
- Impact of macro and microeconomic factors on the market: The author of report has included qualitative analysis to describe the factors impacting growth of market in a positive and negative way. Country level PESTLE analysis helps in knowing the future of market across prominent countries.
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- Industry Sectors to be Targeted: An elaborate explanation about what industry sector/s is anticipated to grow in near and long-term future. The findings are based on latest industry trends, reviews, strategic collaborations between industry players and first-hand experience of the ecosystem participants.
- Assess the market position of competitors, partners and clients via our Competitive Landscape Analysis. Strategies adopted by prominent and emerging market players, the synergies between channel partners, geographic performance of global and domestic players and similar pointers have been studied and described in this section.
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The Asset Tracking Report provides industry professionals and strategists, corporate analysts, associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the market.
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