AMA Research, a global market research and consulting organization, have released a new study titled "GPS Tracking Device market - Global outlook to 2028".
Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global GPS Tracking Device market to grow at a CAGR of 12.8%.

The Deployment Type, such as Commercial Vehicle, is boosting the GPS Tracking Device market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Industry Vertical, such as Transportation & Logistics, is boosting the GPS Tracking Device market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Communication Technologies, such as Satellite, is boosting the GPS Tracking Device market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

According to Analyst at AMA Research, the Global GPS Tracking Device market will experience significant growth during the forecast period due to potential opportunities lying in the market such as . Some of the important driving forces are “Growing Commercial Vehicles industry, Reduced Size, and Longer Life and Reasonable Price of GPS tracking device”.
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A GPS tracking device is usually carried by a person or moving vehicle which uses the Global Positioning System to determine as well as track its precise location, and therefore that of its carrier, at intervals. Growth in commercial vehicle leads to the growth of GPS system with small in size, easy to carry. GPS tracking devices are used for several applications including Transportation & Logistics, Construction, Oil & Gas, Metals & Mining, Government, and Others. Various types of GPS devices such as standalone tracker, OBD device, and advance tracker are widely used over the various end use industries. This is likely to create a huge market for the GPS tracking devices over the coming years.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global GPS Tracking Device market by Type (Standalone Tracker, OBD Device and Advance Tracker) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key trends (current and future) of the market