DUBLIN--(BUSINESS WIRE)--The "Asset Tracking Market by Technology, Infrastructure, Connection Type, Mobility, Location Determination, Solution Type, and Industry Verticals 2020-2025" report has been added to ResearchAndMarkets.com's offering.
This report evaluates asset tracking technologies, solutions, and ecosystem including major players. The report assesses the impacts of various use case specific considerations in terms of asset technology and solution selection. The report also analyzes the market outlook for asset tracking globally, regionally, and by major country from 2020 through 2025.
Select Report Findings
- Real-time Location Systems growth of nearly 20% CAGR through 2025
- Global asset tracking market will reach $36.3B by 2025, growing at 15% CAGR
- Blockchain will become an important part of asset tracking software and services
- Asset tracking solutions becoming increasingly viable for sub-$1,000 book value assets
- Global asset tracking market for AI-embedded devices to grow at roughly 30% through 2025
- IoT supported asset tracking market will account for 95% of all enterprise and industrial solutions
- There is anticipated to be continued vendor consolidation in the asset tracking market through 2025
- Leading companies will combine asset tracking and connected-device security as combined solutions
The overall asset tracking market has witnessed substantial economies of scale improvements in recent years due to inexpensive connectivity and machine-to-machine communications equipment and services. Increased penetration and usage of advanced IoT solutions leveraging M2M and other supporting technologies enable anytime, anywhere, and any type of asset tracking.
In addition, improved economies of scale and advancements in miniaturization and communications have made low-value asset tracking more practical, expanding the range of potential industries and asset types. This is exemplified by the growing trend for RFID-based "slap-and-track" solutions for shipping, supply chain management, and enterprise logistics such as tracking low to medium-value assets such as business equipment and supplies.
There are substantial factors to consider when approaching the broader asset tracking market, which includes asset class, value, and degree of mobility. Whereas asset tracking has historically been largely fleet-focused (commercial trucks, trailers, vans, and cars), there is great potential for expansion towards non-vehicle related assets.
However, the market is currently constrained by the relatively low number of enterprise-connected assets across certain important asset classes. Leading asset tracking solution companies are focusing on the asset value to a business or governmental organization rather than the book value of the asset itself. A consultative marketing/sales approach is necessary to inform enterprise, first of the value of interconnecting business assets, and secondly, demonstrative asset tracking outcomes that bring value straight to the bottom line.
There are also opportunities for technology integration, such as leveraging Artificial Intelligence for enhanced decision making. There are many roles that AI may play, ranging from machine learning and analytics to improved cybersecurity for connected enterprise assets. By way of example, the Blackberry acquisition of Cylance represents a cybersecurity play that may be parlayed into an IoT device security offering combined with asset tracking solutions for greater overall enterprise security.
The report additionally provides the following:
- Analysis and forecasts by infrastructure such as asset tracking by software, which includes: Cost Management, Audit Management, Procurement Management, Condition Monitoring, Inventory Management, and more. This report evaluates the market for asset tracking technology components including M2M Communication, Embedded, On-board and Remote Computing Systems.
- Assesses the impact of AI (including machine learning, image and pattern recognition, neural networking, and more), blockchain, and big data (including storage and data analytics) in support of asset tracking solutions. The report also evaluates cloud (including central and edge computing) vs. non-cloud-based solutions.
- Evaluates asset tracking by category, such as fleet management. This is further broken down by land and non-land vehicles and vehicle types with great details for commercial trucks, vans, cars, and special-purpose vehicles. In terms of non-roadway vehicles, the report assesses aviation, railway, and water-based vehicle market potential. For the aviation market, it includes asset tracking for planes, helicopters, and ground support equipment. The report also analyzes the non-fleet tracking market including assets in smart buildings and smart workplaces.
- Forecasting for the aforementioned as well as by region and country for market sizing by revenue as well as unit deployment from 2020 through 2025. This includes quantitative data and projections with market segmentation by technology, technology components and integration, infrastructure, connection type, range of mobility, location requirements, and by industry verticals. In addition, the report includes analysis and forecasts for the RFID-enabled "slap-and-track" market, which enables fast and easy tracking for many use cases ranging from shipping to asset loss prevention.
- Market analysis and forecasting for the RFID-enabled "slap-and-track" asset tracking market including solutions by type, implementation, assets, industries, and regions.
Key Topics Covered
1. Executive Summary
2. Asset Tracking Market Segmentation
4. Asset Tracking Solutions
5. Asset Tracking in Industry Verticals
6. Company Analysis
7. Asset Tracking Market Forecasts 2020-2025
8. Conclusions and Recommendations
9. Appendix: Slap-and-Track Asset Tracking Solutions Market 2020-2025
A-Z List of Companies Mentioned
- Actsoft Inc.
- ARI Fleet
- ASAP Systems
- Azuga Fleet
- Blackberry (Radar, QNX)
- Brilliant Info Systems Pvt. Ltd.
- Chekhra Business Solutions
- ClearPath GPS
- Datalogic S.p.A.
- DriveFactor (or CCC Drive)
- Entigral Systems Inc.
- Epicor Software Corporation
- Fleet Complete
- Fleet Safety Institute
- FleetMind (Safe Fleet Holdings)
- Go Fleet
- GPS Insight
- GPS Trackit
- GSAttrack (Global Satellite Engineering)
- Honeywell International Inc.
- IBM Corporation
- Impinj Inc.
- IntouchGPS (GPSTrackit)
- JDA Software Group Inc.
- Jolly Technologies Inc.
- Litum IoT
- Lowry Solutions Inc.
- M2M in Motion
- Microsoft Corporation
- Mix Telematics
- Mojix Inc.
- Momentum IoT
- NexTraq (Michelin)
- Northrop Grumman
- OnAsset Intelligence Inc.
- Oracle Corporation
- Pedigree Technologies
- PTC (ThingWorx)
- Quantum Aviation Solutions
- Raven Connected (KlashWerks Inc.)
- RedBeam Inc.
- Rhino Fleet
- SAP SE
- Sato Holdings Corporation
- Sendum Wireless Corporation
- Senseaware (Fedex)
- Sensitech Inc.
- Sierra Wireless Inc. (Numerex)
- Smart Asset Manager Limited
- Smart Path GPS
- Sortly Inc.
- Speedshield Technologies (Adaptalift Group)
- Spireon Inc.
- Sprint Corporation
- Stanley Black & Decker Inc.
- Targa Telematics S.p.A.
- Teltrac Navman
- TomTom International B.V.
- Topcon Corporation
- Trimble Inc.
- TVL Inc. (WiseTrack)
- Ubisense Group PLC
- UpKeep Maintenance Management
- Verizon Wireless
- Vodafone Limited
- Wasp Barcode Technologies Inc.
- Windward Software
- Zebra Technologies
- Zerion Software Inc.
- Zonar Systems (Continental AG)
For more information about this report visit https://www.researchandmarkets.com/r/c8zov9