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Report
Global Tracking-as-a-Service Market Report and Forecast 2024-2032
Market Report I 2024-04-16 I 175 Pages I EMR Inc.
Global Tracking-as-a-Service Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the global tracking-as-a-service market size reached a value of USD 1.86 billion in 2023. Aided by the escalating need for enhanced operational efficiency and the growing demand for real-time tracking solutions across various industrial sectors, the market is projected to further grow at a CAGR of 14% between 2024 and 2032 to reach a value of USD 6.3 billion by 2032.
Tracking-as-a-Service provides a comprehensive solution for monitoring assets, personnel, and vehicles, leveraging advanced technologies such as GPS, RFID, and IoT (Internet of Things). These services are pivotal in optimising logistics, enhancing supply chain transparency, and ensuring the safety of assets and individuals. The versatility and scalability of Tracking-as-a-Service solutions cater to a wide range of sectors, including transportation and logistics, manufacturing, healthcare, and retail.
The tracking-as-a-service market growth is bolstered by the digital transformation initiatives sweeping across sectors, aiming to harness the power of data and connectivity to drive innovation and operational excellence. In addition, the surge in e-commerce and the consequent emphasis on efficient supply chain management have underscored the need for reliable tracking solutions, further propelling the market expansion.
With the increasing reliance on tracking solutions, concerns regarding data security and privacy are coming to the forefront. As per the tracking-as-a-service market analysis, market players are emphasising the development of secure, compliant solutions that protect sensitive information while ensuring adherence to global data protection regulations. Beyond mere location tracking, there is a growing emphasis on optimising asset utilisation. Businesses are leveraging Tracking-as-a-Service to gain insights into asset performance, usage patterns, and maintenance requirements, facilitating better asset management and reducing downtime.
Small and Medium Enterprises (SMEs) are increasingly adopting Tracking-as-a-Service solutions to enhance their operational efficiency and competitiveness, which further boosts the tracking-as-a-service market share. Cloud-based tracking services, in particular, offer SMEs cost-effective, scalable solutions without the need for substantial upfront investment in infrastructure, thereby levelling the playing field with larger corporations. The advent of autonomous vehicles and drones in logistics and delivery services is also expected to boost the demand for sophisticated tracking solutions. Tracking-as-a-Service will be pivotal in monitoring these autonomous systems, ensuring safety, efficiency, and compliance with regulatory standards.
The integration of artificial intelligence (AI) and machine learning (ML) technologies with Tracking-as-a-Service solutions is a key trend propelling the tracking-as-a-service market expansion. These technologies enable predictive analytics, offering insights into asset utilisation patterns, potential bottlenecks, and maintenance needs, thereby facilitating proactive decision-making and enhanced operational efficiency. The burgeoning IoT ecosystem is playing a crucial role in the growth of the market. IoT devices enable seamless connectivity and real-time data exchange, providing granular visibility into the status and location of assets across the supply chain. This connectivity is instrumental in creating smart, data-driven operational environments.
Blockchain technology is being explored for its potential to revolutionise tracking-as-a-service market by providing immutable records of asset movements. This can significantly enhance transparency in supply chains, reduce fraud, and improve security, particularly in high-value or sensitive shipments. Environmental sustainability and compliance with regulatory standards are becoming increasingly important. Tracking-as-a-service solutions are enabling businesses to monitor their environmental impact, optimise routes for fuel efficiency, and ensure compliance with environmental regulations.
As per the tracking-as-a-service market outlook, the global market features a competitive landscape with a mix of established players and emerging innovators. Companies are engaging in strategic collaborations, technological advancements, and geographic expansions to consolidate their market presence and address the growing demand for advanced tracking solutions.
Market Segmentation
The market can be divided based on component, enterprise size, asset type, industry vertical, and region.
Market Breakup by Component
- Software
- Services
Market Breakup by Enterprise Size
- Large Enterprises
- Small and Medium Enterprises
Market Breakup by Asset Type
- Electronics and IT Assets
- In-Transit Equipment
- Manufacturing Assets
- Others
Market Breakup by Industry Vertical
- Transportation and Logistics
- Manufacturing
- Healthcare
- Food and Beverage
- Retail
- IT and Telecom
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global tracking-as-a-service market. Some of the major players explored in the report by Expert Market Research are as follows:
- Honeywell International Inc.
- Lenovo PCCW Solutions Limited
- AT&T Inc.
- Zebra Technologies Corporation
- EZ Web Enterprise, Inc.
- Geotab Inc.
- Spider Tracks Ltd.
- Sortly Inc.
- JDM Technology Group (MicroMain Corp.)
- Dentsu International
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Tracking-as-a-Service Market Analysis
8.1 Key Industry Highlights
8.2 Global Tracking-as-a-Service Historical Market (2018-2023)
8.3 Global Tracking-as-a-Service Market Forecast (2024-2032)
8.4 Global Tracking-as-a-Service Market by Component
8.4.1 Software
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Services
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Tracking-as-a-Service Market by Enterprise Size
8.5.1 Large Enterprises
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Small and Medium Enterprises
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Tracking-as-a-Service Market by Asset Type
8.6.1 Electronics and IT Assets
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 In-Transit Equipment
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Manufacturing Assets
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Others
8.7 Global Tracking-as-a-Service Market by Industry Vertical
8.7.1 Transportation and Logistics
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Manufacturing
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Healthcare
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Food and Beverage
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Retail
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
8.7.6 IT and Telecom
8.7.6.1 Historical Trend (2018-2023)
8.7.6.2 Forecast Trend (2024-2032)
8.7.7 Others
8.8 Global Tracking-as-a-Service Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Tracking-as-a-Service Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Tracking-as-a-Service Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Tracking-as-a-Service Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Tracking-as-a-Service Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Tracking-as-a-Service Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Honeywell International Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Lenovo PCCW Solutions Limited
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 AT&T Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Zebra Technologies Corporation
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 EZ Web Enterprise, Inc.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Geotab Inc.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Spider Tracks Ltd.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Sortly Inc.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 JDM Technology Group (MicroMain Corp.)
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Dentsu International
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Tracking-as-a-Service Market: Key Industry Highlights, 2018 and 2032
2. Global Tracking-as-a-Service Historical Market: Breakup by Component (USD Billion), 2018-2023
3. Global Tracking-as-a-Service Market Forecast: Breakup by Component (USD Billion), 2024-2032
4. Global Tracking-as-a-Service Historical Market: Breakup by Enterprise Size (USD Billion), 2018-2023
5. Global Tracking-as-a-Service Market Forecast: Breakup by Enterprise Size (USD Billion), 2024-2032
6. Global Tracking-as-a-Service Historical Market: Breakup by Asset Type (USD Billion), 2018-2023
7. Global Tracking-as-a-Service Market Forecast: Breakup by Asset Type (USD Billion), 2024-2032
8. Global Tracking-as-a-Service Historical Market: Breakup by Industry Vertical (USD Billion), 2018-2023
9. Global Tracking-as-a-Service Market Forecast: Breakup by Industry Vertical (USD Billion), 2024-2032
10. Global Tracking-as-a-Service Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Global Tracking-as-a-Service Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. North America Tracking-as-a-Service Historical Market: Breakup by Country (USD Billion), 2018-2023
13. North America Tracking-as-a-Service Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe Tracking-as-a-Service Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe Tracking-as-a-Service Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific Tracking-as-a-Service Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific Tracking-as-a-Service Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Latin America Tracking-as-a-Service Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Latin America Tracking-as-a-Service Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa Tracking-as-a-Service Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Middle East and Africa Tracking-as-a-Service Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Global Tracking-as-a-Service Market Structure
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