Wednesday, April 24, 2024
HomeTechnologyTracking-as-a-Service Market Size 2022-27 | Industry Share, Growth, Trends, Opportunities and Forecast

Tracking-as-a-Service Market Size 2022-27 | Industry Share, Growth, Trends, Opportunities and Forecast

According to the latest report by IMARC Group, the global tracking-as-a-service market size reached US$ 1.34 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 3.7 Billion by 2027, exhibiting at a CAGR of 17.10% during 2022-2027.

Tracking-as-a-service represents the cloud-based solution used by organizations to track as well as monitor operations and day-to-day business processes. It offers various capabilities, such as enhanced scalability, data collection, mobile support, reporting and logging, data collection and management, process mapping, real-time monitoring, etc., to improve organizational performance, decision-making, efficiency, etc.

Tracking-as-a-service assists in checking detailed information regarding operations, enhancing logistical procedures, improving client servicing, and increasing overall-cost effectiveness while ensuring data security. Consequently, it finds wide-ranging applications across several sectors, including healthcare, e-commerce, retail, transportation, logistics, etc.

Global Tracking-as-a-Service Industry Trends and Drivers:

The inflating need for improving the logistics supply chains and managing inventories, assets, vehicles, etc., is primarily driving the tracking-as-a-service market. Additionally, the widespread adoption of electronic monitoring systems across enterprises for tracking the exchange of information and preventing unauthorized access to sensitive data is further catalyzing the market growth.

Besides this, the rising popularity of cloud-based tracking-as-a-service, especially in the manufacturing industry, owing to the escalating demand for high-speed data transmission, is acting as another significant growth-inducing factor.

Moreover, numerous other factors, such as the introduction of eye-tracking solutions and the growing utilization of portable devices for monitoring purposes, are also positively influencing the global market. Apart from this, the elevating integration of connected devices with the Internet of Things (IoT) and global positioning system (GPS) for locating containers, maintaining driver safety, detecting fraudulent activities, etc., is anticipated to fuel the tracking-as-a-service market over the forecasted period.

Get a PDF Sample for more detailed market insights:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

AT&T Inc., Datalogic S.p.A. (Hydra S.p.A.), Geotab Inc., Honeywell International Inc., Mojix Inc., Motorola Solutions Inc., PCCW Solutions, Spider Tracks Limited, Topcon Corporation, Trimble Inc., Verizon Communications Inc., WABCO Digital Solutions and Zebra Technologies Corp.

The report has segmented the market on the basis of region, component, type, asset type, enterprise size and end use industry.

Breakup by Component:

  • Software
  • Service

Breakup by Type:

  • Cloud-based
  • On-premises

Breakup by Asset Type:

  • Electronics and IT Assets
  • In-Transit Equipment
  • Manufacturing Assets
  • Others

Breakup by Enterprise Size:

  • Large Enterprises
  • Small and Medium-sized Enterprises

Breakup by End Use Industry:

  • Retail
  • Manufacturing
  • E-commerce
  • Transportation and Logistics
  • Healthcare
  • Others

Breakup by Region:

  • North America: (United States, Canada)
  • Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America: (Brazil, Mexico, Others)
  • Middle East and Africa

If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

Eleena Wills
Eleena Wills
Hi, I’m Eleena Wills. Being a writer and blogger, I strive to provide informative and valuable articles to people. With quality, constructive, and well-researched articles, one can make informed choices. I cover a wide range of topics, from home improvement to hair styling and automotive.


Please enter your comment!
Please enter your name here

Most Popular

Recent Comments