Industry Background:
Tracking-as-a-service can be outlined as a solution supported by the cloud wherever it helps industries to trace their day-to-day business processes. Industries like retail and producing deliver product daily, wherever the readying of a chase system is important so as to induce acknowledged regarding the delivery of a product or whether or not the inventory has to be updated, so as to stay on this track, industries use tracking-as-a-service for remote observation purposes.This growth is primarily driven by Growth in Use of Electronic Monitoring for Personal and Professional Work and Growing Demand for Order Tracking for Smoother Operation.
Globally, a noticeable market trend is evident Innovation in Technologies Like Employment of Robots in Warehouses and Increasing Adoption of Tracking-As-A-Service Solutions by Retail Sector
. The Business Services sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as DataLogic S.P.A (Italy), Impinj Inc. (United States), Infor Co. (United States), Midmark Co. (United States), Mojix Inc. (United States), PCCW Solutions (Hong Kong), Stanley Black and Decker, Inc (United States), Netreo Inc. (United States), Geotab (Canada) and Zebra Technologies Corp (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In 2021, Netreo Inc., an Information technology infrastructure and network monitoring company, acquired software-as-a-service application programming monitoring startup Stackify LLC. This acquisition will help collaborators Retrace service allowing users to identify issues in quality assurance and continuously improve and observe applications in production environments.
In 2020, Geotab, a global leader in IoT and connected transportation, and Eleos, a pioneer in software as a service (SaaS) for transportation partnered for UNIFY. This integrated solution offers a highly customizable open fleet management system with a comprehensive driver workflow platform and an FMCSA-compliant ELD with best-in-class solutions and rich data insights.
Market Drivers
- Growth in Use of Electronic Monitoring for Personal and Professional Work
- Growing Demand for Order Tracking for Smoother Operation
Market Trend
- Innovation in Technologies Like Employment of Robots in Warehouses and Increasing Adoption of Tracking-As-A-Service Solutions by Retail Sector
- Tracking Processes in Logistic Solutions and Compatibility to Inventory Management and Supply Chain Software
Restraints
- Privacy Concerns Regarding Electronic Monitoring Hampers the Market Growth
Opportunities
The rise in Adoption of Internet-of-Things-Based Applications and Increase in Government Regulations to Boost GPS Tracking Across Vehicles
Challenges
Less Awareness about Service in Market
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Tracking-as-a-Service Study Sheds Light on
The Tracking-as-a-Service Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Tracking-as-a-Service industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Tracking-as-a-Service industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.