Asset Tracking and Inventory Management Solutions Market Analysis with growing CAGR of 12.7 % - Microsoft, Datalogic, Epicor Software, Honeywell, JDA Software, Lowry Solutions, Oracle, SAP, Stanley Black & Decker, Inc., Windward Software and others

Asset tracking and inventory management solutions are defined as collection and maintenance of accurate records for fixed assets. It is a time consuming and expensive task. Asset tracking include tracking unique items of value and inventory tracking refer to tracking non-unique items of value. Inventory management systems help in many businesses to administer stocks of expendable commodities across different surroundings. These solutions are likely to influence supplier data. For instance, the available supply of parts and materials cost & buyer data such as sales history, helps to enhance the forecasting and planning for sales and production.
In 2010, 3M launched asset and inventory tracking system which included 13.56 MHz passive RFID tags, handheld and pad readers and a hosted software application in which asset data can be stored online.

In 2018, Techjockey.com launched a new free asset management tool for MSME’s and startups.It focuses on efficiency and profitability ofasset owners and operators, driving operational reliability. It will help to raise their efficiency and productivity. It is a cloud-based solution which ensures that businesses can manage their vendors, track IT assets and assign those to employees across multiple locations at any time.
Market Analysis

Market Analysis

The Global Asset Tracking and Inventory Management Solutions Market is expected to reach USD 31.9 billion by 2025 from USD 11.8 billion in 2017 and is projected to grow at a CAGR of 12.7 % in the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

Download PDF Sample Report @ https://databridgemarketresearch.com/request-a-sample/?dbmr=global-iot-platform-market

Major market drivers and restraints

• Demand of asset tracking and inventory management solutions in new offshore fields in deep waters

• Declining efficiencies of aging assets and the need for operational safety

• Decrease in oil and gas prices

• Increasing the demand for maintaining the asset and plant.

• Stringent government safety regulations and quality control requirements

• Climatic changes affecting the operations of various industries

• High initial cost and complex process of system installation

For Customized Reports and Discounts, Mail us at sopan.gedam@databridgemarketresearch.com

Market Segmentation

The market is based on service, industry and geographical segments.

Based on component, the market is segmented into

• hardware and
• services

Hardware is sub segmented into RFID readers, real-time location system (RTLS), barcode scanners, barcode printers, barcode stickers, RFID tags, and global Positioning System (GPS). Software is sub segmented into on premise and cloud-based. Services are sub segmented into consulting & training, implementation & integration, operation & maintenance.

Based on industry, the market is segmented into

• retail,
• BFSI,
• IT& telecom,
• healthcare,
• hospitality,
• transportation and logistics,
• chemical,
• energy & utilities,
• oil & gas,
• manufacturing,
• education,
• government and others

Based on application, the market is segmented into

• IT asset tracking,
• equipment tracking,
• facility management,
• tool tracking,
• funding management,
• mandate compliance,
• warehouse management and others

Based on geography, the market report covers data points for 28 countries across multiple geographies such as

• North America,
• South America,
• Europe,
• Asia-Pacific and
• Middle East & Africa

Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.

Inquiry before buying @ https://databridgemarketresearch.com/inquire-before-buying/?dbmr=global-asset-tracking-and-inventory-management-solutions-market

Competitive Analysis

The global asset tracking and inventory management solutions market is fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market in order to sustain in long run. The report includes market shares of asset tracking and inventory management solutions market for global, Europe, North America, Asia Pacific and South America.

Top Competitors of Market

• Microsoft,
• Datalogic S.p.A.,
• Chekhra.,
• EMS Barcode Solutions,
• LLC,
• Epicor,
• Honeywell International Inc.,
• JDA Software,
• Lowry Solutions,
• Oracle Corporation,
• REDBEAM,
• SAP SE,
• Stanley Black & Decker, Inc.,
• ZIH Corp.,
• Windward Software,
• Jolly Technologies Inc.,
• Wasp Barcode Technologies,
• Ubisense Limited,
• WiseTrack,
• Trimble Inc and Tipper Group

Place Direct Purchase Order of asset tracking and inventory management solutions Market at https://databridgemarketresearch.com/reports/global-asset-tracking-and-inventory-management-solutions-market/

About Data Bridge Market Research:

Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.

Contact:

Data Bridge Market Research
Tel: +1-888-387-2818
Email: sopan.gedam@databridgemarketresearch.com

This release was published on openPR.