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Wireless Asset Management Market Size, Share - Industry Trend and Forecast 2017 - 2025
The objectives of this study are as follows:
To define, describe, and forecast the "Wireless Asset Management" market by type, application, component, delivery model, end user, and region
To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
To forecast the market size of market segments with respect to the four key regions: North America, Europe, Asia, and the Rest of the World (RoW)
To strategically profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies
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Effective asset management is crucial for every organization to improve efficiency. Wireless asset management is used to manage and monitor assets which include tools and equipment, and operations with the help of wireless technology. Wireless asset management offers on time alerts for servicing the equipment. Wireless asset management offers theft alert if in case the tool or equipment crosses the geo-restricted area. It also helps to increase asset visibility and accuracy. This asset management provides flexibility, scalability, and portability to the complete system due to wireless connection. Wireless connectivity is one of the most effective ways of communication to transfer information or power. Wireless communication is conducted by radio, free-space optical, sonic, and electromagnetic induction.
The driving factor for the global wireless asset management market is rise in need for real-time asset monitoring solutions. Accessibility of information in time provides better operational productivity. Companies are progressively implementing techniques to improve their asset operation level by research and development. This is done by monitoring asset management through personal computers, laptops, or mobiles. Besides, the system enables the observance of the entire operations by using internet from any location. Increase in demand for movable monitoring and organization solutions also an important driver of the wireless asset management market. However, high initial cost of wireless asset management and issues related to accuracy of these devices are hampering the growth of the market. Opportunities for the global wireless asset management market include product development in order to improve overall efficiency. This factor is anticipated to expand the wireless asset management market globally.
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The global wireless asset management market is segmented on the basis of products, types of tags, technology, application, and geography. Based on product, the market is sub segmented into asset tags, wearable tags, wireless sensors, GPS and others. The global wireless asset management market is bifurcated in terms of tags such as rigid, tamper evident, destructible, and removable. In terms of technology, the market is sectioned into Real Time Locating Systems (RTLS), Radio Frequency Identification (RFID), Wi-Fi, UWB, ultrasound, infrared, and Zigbee. It is expected that Wi-Fi technology will grow at a rapid rate due to capabilities of serving a suddenly-increased number of clients with the existing equipment. The global wireless asset management market is fragmented based on applications such as healthcare industry, education, commercial and others. Geographically, the market is categorized into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Countries in North America comprising the U.S., Mexico, and Canada have the largest market share for wireless asset management. This is due to large number of American RFID and RTLS providers in the world. Additionally, countries in Asia Pacific such as China and India see substantial growth in the global wireless asset management market owing to increased investment in wireless asset management.
The global wireless asset management market is extremely competitive characterized by a number of multinational manufacturers. The presence of several small- scale, medium-scale, and large scale wireless asset management companies results in this market being highly competitive and the market’s high potential is expected to attract many new players. The global wireless asset management market includes a few established players who principally manufacture and supply innovative wireless systems and components. The competition in this market is projected to strengthen during the estimated period due to higher demand for wireless asset management. Some of the key players in this market are Cisco Systems, Inc., IBM Corporation, Horizons, Inc. (Camcode), Navman Wireless, ASAP Systems, Boston Networks, Awarepoint Corporation, Wise Track, CenTrak and others.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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