About Mobile Tracking Solution
Mobile Tracking solutions are used for tracing assets or even people. They are widely used in delivery systems, trades among other things. Mobile tracking solutions generally use GPS technology but RFID technology might also be used. It is also used in the hospital sector and military sector. Households can use mobile tracking solutions to avoid misplacing things and to find things if they are misplaced. The Asia Pacific is the largest market for mobile tracking solutions followed by North America.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Mobile Tracking Solution is a fragmented market due to the presence of less players. The players are focusing on strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Mobile Tracking Solution market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Verizon (United States), Apple (United States), Samsung (South Korea), Wasp Barcode Technologies (United Kingdom), AT&T Inc. (United States), Spireon, Inc. (United States), NFC Group (United Kingdom), Letstrack Limited (India), Bosch (Germany) and Geotab Inc. (Canada) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Vix Technology (United Kingdom) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Mobile Tracking Solution market by , Application (Residential, Commercial and Industrial) and Region.
On the basis of geography, the market of Mobile Tracking Solution 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). Asia Pacific region held largest market share in the year 2023. If we see Market by Technology, the sub-segment i.e. GPS will boost the Mobile Tracking Solution market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Goods will boost the Mobile Tracking Solution market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Introduction Of Mobile Apps for Mobile Tracking Solutions
Market Growth Drivers:
Need To Find Misplaced Assets and Need To Get Real-Time Tracking of Assets
Challenges:
Challenges To Increase the Run-Time of The Mobile Tracking Solution
Restraints:
Mobile Tracking Solution Can Be Used to Evade Privacy
Opportunities:
Adoption Of Mobile Tracking Solution by Shipping Industry Will Increase Its Demand and Increasing Innovation to Increase the Accuracy of The Mobile Tracking Solution Will Increase Its Demand
Market Leaders and their expansionary development strategies
In October 2022, GPS Insight, a leading provider of SaaS-based fleet and field service management software solutions, announced the acquisition of Certified Tracking Solutions, a leader in GPS telematics, fleet tracking and management, connected transportation, and industrial IoT. Certified Tracking Solutions' premiere brand, Titan GPS, offers a full range of fleet management solutions and support to thousands of fleet operators across Canada and the United States.
In June 2021, Gabb Wireless, the global provider of child-safe technology, has expanded its product portfolio to include the Gabb Watch, a child-safe wristwatch. The Gabb Watch accompanies the Gabb Z2 "smart for kids" phone, which has won several awards. The new Gabb Watch provides protection for children of all ages. The Gabb Watch is a phone, an active GPS tracker, and an interactive wristwatch that can be used to keep an eye on children. It's designed for kids who require a phone-like connection with family and friends.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Mobile Tracking Solution Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.