Global Tracking-as-a-service Market 2017-2021
About Tracking as A Service
Tracking-as-a-service platforms are cloud-based IT solutions that are used in the supply chain and logistics systems to track inventories, assets, and vehicles. Tracking as a service platform solution is implemented by enterprises for remote monitoring purpose. Cloud-based tracking systems have gained popularity as the data can be transmitted more quickly in a cloud-based ICT infrastructure.
Technavio’s analysts forecast the global tracking as a service to grow at a CAGR of 27.58% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global tracking as a service for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Tracking as A Service 2017-2021
Technavio recognizes the following companies as the key players in the global tracking as a service: Digicore Holdings (Inseego), Trimble, Verizon Enterprise Solutions, and Zebra.
Other Prominent Vendors in the market are: AssetTrackr, Asset Panda, AT&T, Ekahau, Geotab, Globalstar, Honeywell, I.D. Systems, iTRACK, LoJack, Maven Systems, MiX Telematics, Motorola Solutions, Ryder System, Sprint, TomTom Telematics, TRACK GROUP, Trackimo, and Trinetra Wireless.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is upsurge in use of mobile technology. Enterprises have been using mobile technologies to manage their supply chains and distribution systems in domestic and international markets. Mobility in cold chain management systems is seeing innovation in terms of wireless connectivity, advancements in M2M communication systems, application development, and platform integration.”
According to the report, one driver in the market is need to improve fleet operator efficiency. Fleet management is a complex operational process in supply chain management. Fleet managers require holistic IT systems that can help to track shipments and consignments. Tracking-as-a-service solutions enhance the operation of logistics by providing real-time information of vehicles and personnel. Intelligent fleet management solutions, engineered with advanced technologies (such as concurrent GPS-based telematics and front-end intelligent and web-based management software), are gaining ground in global markets.
Further, the report states that one challenge in the market is limited control given to customers. The ultimate objective of electronic tracking is to gain information on real-time positions of a person or an object. Electronic tracking services (ETS) require real-time GPS/GSM tracking. Certain service providers are using GPS tracking technologies to collect real-time data through cloud-based platforms wherein cloud infrastructure is monitored, managed, and owned by the service provider. Customers that use such services need not worry about managing complex processes and backend infrastructure in the cloud.
Digicore Holdings (Inseego), Trimble, Verizon Enterprise Solutions, Zebra, AssetTrackr, Asset Panda, AT&T, Ekahau, Geotab, Globalstar, Honeywell, I.D. Systems, iTRACK, LoJack, Maven Systems, MiX Telematics, Motorola Solutions, Ryder System, Sprint, TomTom Telematics, TRACK GROUP, Trackimo, and Trinetra Wireless.