|09-05-2018 12:58 PM CET - Business, Economy, Finances, Banking & Insurance||
Global Asset Tracking and Inventory Management Solutions Market business development strategies and forecast by 2025 - top companies are Honeywell, Datalogic, Epicor Software, Stanley Black & Decker, Inc., Windward Software, JDA Software, Lowry Solutions,
Press release from: Data Bridge Market Research
Our updated research report on the Asset Tracking and Inventory Management Solutions market analyses the critical aspects of the focus market based on the changing industry situation, market demands and business development strategies used by the prominent Key vendors. The Asset Tracking and Inventory Management Solutions Market is a synopsis to the study of Semiconductors and Electronics industry and the report also provides valuable insights about the leading drivers, upcoming trends, applications and challenges, determined by our Experts. SWOT analysis is the method to tell any market’s strengths and weaknesses (i.e. drivers and restrains) so that you know on what to stick and what to avoid, this report not only consists SWOT analysis but also provides with the CAGR value fluctuation on the Forecast period of 2018-2025. This report on Asset Tracking and Inventory Management Solutions market helps understand what the global trends are and how the key players and brands are dominating the Asset Tracking and Inventory Management Solutions market when it comes to their recent research, joint ventures, merges, product launches and accusations at global level.
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.
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Well known players of Global Asset Tracking and Inventory Management Solutions Market are Honeywell, Datalogic, Epicor Software, Stanley Black & Decker, Inc., Windward Software, JDA Software, Lowry Solutions, Oracle, SAP, Microsoft, Chekhra Business Solutions Pvt Ltd, EMS Barcode Solutions, LLC, RedBeam, Inc., Zebra Technologies, Wasp Barcode Technologies, Ubisense, Wisetrack, Trimble Inc., GigaTrak, Tenna, TVL Inc., Jolly Technologies Inc, Brilliant Info Systems Pvt. Ltd, ASAP Systems - Cloud/On-Premises Inventory System & Asset Tracking Solutions 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,
• 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.
Based on component, the market is segmented into
• hardware and
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
• IT& telecom,
• transportation and logistics,
• energy & utilities,
• oil & gas,
• government and others
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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.
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
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