IMARC Group, a leading market research company, has recently releases report titled “Tracking as a Service Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global tracking as a service market share, size and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the Tracking as a Service Market?
The global tracking-as-a-service market size reached US$ 1.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.2 Billion by 2028, exhibiting a growth rate (CAGR) of 16.3% during 2023-2028.
What is Tracking as a Service?
Tracking as a Service (TaaS) is a specialized solution that offers real-time monitoring and tracking services for various assets and vehicles. It comprises various technologies, such as global positioning systems (GPS), radio-frequency identification (RFID), and the Internet of Things (IoT), to collect and transmit data and allow businesses to access crucial information remotely and in a timely manner. It provides businesses with the ability to keep a close watch on the location, movement, and status of their valuable resources. Besides this, it assists in enhancing operational efficiency and improving decision-making. As it aids in streamlining operations and reducing costs, the demand for TaaS is rising across the globe.
Request Free Sample Copy of This Report: https://www.imarcgroup.com/tracking-as-a-service-market/requestsample
What are the growth prospects and trends in the tracking as a service industry?
Presently, the escalating demand for optimized fleet management solutions represents one of the key factors impelling the growth of the market. Additionally, the rising focus on supply chain transparency and security is bolstering the growth of the market.
Apart from this, the growing demand to track vehicle locations, monitor fuel consumption, and analyze driver behavior, which reduces operational costs and increases productivity, is offering a positive market outlook.
Moreover, the increasing need to reduce complexities in supply chains and streamline workflow processes is offering lucrative growth opportunities to industry investors. Furthermore, the increasing popularity of TaaS in-commerce industry is strengthening the growth of the market.
What is included in market segmentation?
The report has segmented the market into the following categories:
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
Market 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
Who are the key players operating in the industry?
The report covers the major market players including:
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.
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact US
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Email: [email protected]
Follow us on Twitter: @imarcglobal
LinkedIn: https://www.linkedin.com/company/imarc-group/mycompany/
