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Market Snapshot

CAGR:8.81

2023

2032

Source: Market Expertz

Study Period	2019-2032
Base Year	2023
Forcast Year	2023-2032
CAGR	8.81

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Report Overview

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The Tracking as a Service Market is projected to grow at a CAGR of 19.76% between 2022 and 2032. The market size is forecast to increase by USD 6,124.56 million during this period. The growth of the Tracking as a Service Market is driven by the increasing need for real-time location and asset tracking, the rise in supply chain complexities, and advancements in tracking technologies.

Market Overview:

Drivers:

The Tracking as a Service Market is experiencing growth due to the growing demand for visibility and transparency in supply chain operations. Tracking as a Service solutions offer real-time insights into the location and status of assets, enhancing supply chain efficiency.

Moreover, the adoption of Internet of Things (IoT) devices and technologies is driving market demand. IoT-enabled tracking solutions enable organizations to monitor assets remotely and make data-driven decisions.

Trends:

The adoption of RFID (Radio-Frequency Identification) and GPS (Global Positioning System) technology for asset tracking is a prominent trend. RFID provides automatic identification and data capture, while GPS offers precise location information.

Furthermore, the use of analytics and data visualization tools for tracking insights is influencing the market. Analytics platforms help organizations analyze tracking data and identify optimization opportunities.

Restraints:

Challenges related to data security and privacy in tracking systems can restrain market growth. Organizations must ensure that tracking data is encrypted and protected to prevent unauthorized access.

Additionally, concerns about initial implementation costs and integration with existing systems can impact adoption. Organizations must evaluate the total cost of ownership and benefits of tracking solutions.

Tracking as a Service Market Segmentation by Solution Type:

The Asset Tracking segment is expected to witness significant growth during the forecast period. Asset tracking solutions provide visibility into the movement and status of valuable assets across the supply chain.

Tracking as a Service Market Segmentation by End User:

The Manufacturing segment is anticipated to experience strong growth in the Tracking as a Service Market. Manufacturing companies require accurate tracking solutions to monitor production processes and optimize inventory management.

Regional Overview:

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North America is expected to lead the global Tracking as a Service Market, driven by the region's advanced logistics infrastructure, the presence of technology-driven industries, and the focus on supply chain optimization.

Moreover, the Europe region is projected to experience substantial growth as organizations prioritize digitization and automation of logistics and manufacturing operations.

Tracking as a Service Market Customer Landscape:

The report includes insights into the customer landscape, identifying industries and sectors that extensively use Tracking as a Service solutions. It outlines customer requirements, such as real-time tracking capabilities, scalability, and integration with enterprise systems.

Major Tracking as a Service Market Companies:

Companies in the Tracking as a Service Market are adopting strategies such as partnerships, acquisitions, and development of advanced tracking solutions to strengthen their market position.

Sample companies in the Tracking as a Service Market include:

Zebra Technologies Corporation
Trimble Inc.
Verizon Communications Inc.
Ubisense Group Plc
DHL International GmbH
Siemens AG
SAP SE
Tego Inc.
OnAsset Intelligence Inc.
Fleet Complete

Segment Overview:

The Tracking as a Service Market report provides revenue forecasts at global, regional, and country levels, analyzing trends and opportunities from 2019 to 2032.

Solution Type Outlook (USD Million, 2019 - 2032)

Asset Tracking
Fleet Tracking
Personnel Tracking
Supply Chain Tracking
Others

End User Outlook (USD Million, 2019 - 2032)

Manufacturing
Transportation & Logistics
Retail
Healthcare
Agriculture
Others

Geography Outlook (USD Million, 2019 - 2032)

North America

The U.S.
Canada

Europe

U.K.
Germany
France
Rest of Europe

APAC

China
Japan

South America

Brazil
Argentina
Rest of South America

Middle East & Africa

UAE
South Africa
Rest of Middle East & Africa

TABLE OF CONTENTS: GLOBAL Tracking as a Service MARKET

Chapter 1. MARKET SYNOPSIS

1.1. Market Definition

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. EXECUTIVE SUMMARY

2.1. Summary Snapshot, 2016 – 2027

Chapter 3. INDICATIVE METRICS

3.1. Macro Indicators

Chapter 4. Tracking as a Service MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. Tracking as a Service Segmentation Analysis

4.2. Industrial Outlook

4.3. Price Trend Analysis

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

4.5.1. Power Of Suppliers

4.5.2. Power Of Buyers

4.5.3. Threat Of Substitutes

4.5.4. Threat Of New Entrants

4.5.5. Competitive Rivalry

Chapter 5. Tracking as a Service MARKET BY Type of service landscape

SIGHTS & TRENDS

5.1. Segment 1 Dynamics & Market Share, 2019 & 2027

5.2 Platform as a Service

5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.3 Software as a Service

5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 6. Tracking as a Service MARKET BY deployment INSIGHTS & TRENDS

6.1. Segment 2 Dynamics & Market Share, 2019 & 2027

6.2 Cloud-Based

6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.3 On-Premise

6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 7. Tracking as a Service MARKET REGIONAL OUTLOOK

7.1. Tracking as a Service Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

7.2.1. North America Tracking as a Service Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.2. North America Tracking as a Service Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.3. North America Tracking as a Service Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.4. North America Tracking as a Service Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

7.2.5.1. U.S. Tracking as a Service Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.5.2. U.S. Tracking as a Service Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.5.3. U.S. Tracking as a Service Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.5.4. U.S. Tracking as a Service Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

7.2.6.1. Canada Tracking as a Service Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.6.2. Canada Tracking as a Service Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.6.3. Canada Tracking as a Service Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.6.4. Canada Tracking as a Service Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

7.3.1. Europe Tracking as a Service Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.2. Europe Tracking as a Service Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.3. Europe Tracking as a Service Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.4. Europe Tracking as a Service Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

7.3.5.1. Germany Tracking as a Service Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.5.2. Germany Tracking as a Service Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.5.3. Germany Tracking as a Service Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.5.4. Germany Tracking as a Service Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

7.3.6.1. France Tracking as a Service Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.6.2. France Tracking as a Service Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.6.3. France Tracking as a Service Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.6.4. France Tracking as a Service Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

7.3.7.1. U.K. Tracking as a Service Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.7.2. U.K. Tracking as a Service Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.7.3. U.K. Tracking as a Service Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.7.4. U.K. Tracking as a Service Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

7.4.1. Asia Pacific Tracking as a Service Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.2. Asia Pacific Tracking as a Service Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.3. Asia Pacific Tracking as a Service Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.4. Asia Pacific Tracking as a Service Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.5. CHINA

7.4.5.1. China Tracking as a Service Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.5.2. China Tracking as a Service Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.5.3. China Tracking as a Service Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.5.4. China Tracking as a Service Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

7.4.6.1. India Tracking as a Service Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.6.2. India Tracking as a Service Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.6.3. India Tracking as a Service Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.6.4. India Tracking as a Service Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

7.4.7.1. Japan Tracking as a Service Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.7.2. Japan Tracking as a Service Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.7.3. Japan Tracking as a Service Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.7.4. Japan Tracking as a Service Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

7.4.8.1. Australia Tracking as a Service Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.8.2. Australia Tracking as a Service Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.8.3. Australia Tracking as a Service Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.8.4. Australia Tracking as a Service Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

7.5.1. Mea Tracking as a Service Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.5.2. Mea Tracking as a Service Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.5.3. Mea Tracking as a Service Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.5.4. Mea Tracking as a Service Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

7.6.1. Latin America Tracking as a Service Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.6.2. Latin America Tracking as a Service Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.6.3. Latin America Tracking as a Service Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.6.4. Latin America Tracking as a Service Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

7.6.5. Latin America Tracking as a Service Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

Chapter 8. COMPETITIVE LANDSCAPE

8.1. Market Share By Manufacturers

8.2. Strategic Benchmarking

8.2.1. New Product Launches

8.2.2. Investment & Expansion

8.2.3. Acquisitions

8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures

8.3. Vendor Landscape

8.3.1. North American Suppliers

8.3.2. European Suppliers

8.3.3. Asia-Pacific Suppliers

8.3.4. Rest Of The World Suppliers

Chapter 9. COMPANY PROFILES

9.1 Wabco (Asset Trackr)

9.1.1. Company Overview

9.1.2. Financial Performance

9.1.3. Product Insights

9.1.4. Strategic Initiatives

9.2 Zebra Technologies Corp

9.2.1. Company Overview

9.2.2. Financial Performance

9.2.3. Product Insights

9.2.4. Strategic Initiatives

9.3 Geotab

9.3.1. Company Overview

9.3.2. Financial Performance

9.3.3. Product Insights

9.3.4. Strategic Initiatives

9.4 Blackline Safety Corp

9.4.1. Company Overview

9.4.2. Financial Performance

9.4.3. Product Insights

9.4.4. Strategic Initiatives

9.5 Verizon Communications

9.5.1. Company Overview

9.5.2. Financial Performance

9.5.3. Product Insights

9.5.4. Strategic Initiatives

9.6 Company 6

9.6.1. Company Overview

9.6.2. Financial Performance

9.6.3. Product Insights

9.6.4. Strategic Initiatives

9.7 Company 7

9.7.1. Company Overview

9.7.2. Financial Performance

9.7.3. Product Insights

9.7.4. Strategic Initiatives

9.8 Company 8

9.8.1. Company Overview

9.8.2. Financial Performance

9.8.3. Product Insights

9.8.4. Strategic Initiatives

9.9 Company 9

9.9.1. Company Overview

9.9.2. Financial Performance

9.9.3. Product Insights

9.9.4. Strategic Initiatives

9.10 Company 10

9.10.1. Company Overview

9.10.2. Financial Performance

9.10.3. Product Insights

9.10.4. Strategic Initiatives

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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Tracking As A Service Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032