Tracking as a Service Market Scope
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. It used in the supply chain and logistics industry to track inventories, vehicles, and assets. The platform is used by enterprises in retail and manufacturing industries, where goods are delivered regularly, and deployment of a tracking system is necessary for remote monitoring. Cloud-based tracking systems are gaining popularity because the data can be transmitted instantly in a cloud-based ICT infrastructure. Also, the growing use of electronic monitoring for personal and professional work is anticipated to boost the market growth of tracking-as-a-service.
The companies operating in this industry are focusing more on efficient growth, improvement of operational efficiency and productivity, achieving high safety standards, and focus on maintaining sustainable development. The players are focusing on securing a leading position in this industry. They are continuously looking for the opportunity to reinforce their competitive advantage. To meet a high market share, and developing a socially responsible business company is identifying various strategic pillars such as mergers & acquisitions, new product launch, product enhancement, and others. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Tracking as a Service market throughout the predicted period.
Motorola Solutions (United States), Wabco (United States), AT&T (United States), Zebra Technologies (United States), Verizon (United States), Geotab (Canada), Blackline Safety (Canada), Spidertracks (New Zealand), Honeywell (United States) and Trimble (United States) are some of the key players that are part of study coverage.
Segmentation Overview
The study have segmented the market of Global Tracking as a Service market by Type (Platform-as-a-service and Software-as-a-service) and Region with country level break-up.
On the basis of geography, the market of Tracking as a Service has been segmented into 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).
Influencing Trend:
Emergence of Eye Tracking Systems
Market Growth Drivers:
Upsurging Use of Mobile Technology and Need To Improve Fleet Operator Efficiency
Challenges:
Limited Control Given To Customers
Restraints:
Privacy Concerns Regarding Electronic Monitoring System
Opportunities:
Use of Electronic Monitoring Systems for Offender Monitoring, Automation in the Retail Industry and Increasing Adoption of IoT
Market Leaders and their Expansionary Development Strategies
In 2019, Verizon Connect recently partnered with Iveco, a leading manufacturer of commercial and industrial vehicles, to help customers gain insights into their fleets and to provide customers with a comprehensive telematics and mobile workforce management software platform.
In 2019, WABCO announced that it would launch its new advanced trailer monitoring and remote diagnostics solution, TX-TRAILERPULSE, a trailer-focused IoT connectivity solution which combines real-time track and trace functionality with additional remote trailer health and diagnostic information.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analyst and Strategic Business Planners, Tracking as Service Providers, Government Regulatory and Research Organizations and End-Use Industries
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.