GPS Tracker Market Driven By IoT & Cloud Technology - What are the Trends and Customer Demand that will Last the Business?

The major factors attributed to growth of the GPS Tracker Market is advancement in Internet of Things (IoT) and cloud technology due to increasing penetration of internet users across the world.

GPS tracking also helps the organizations to run smoothly and timely which in turn, organizations to keeps customers satisfied with accurate time frames and scheduling. Hence, this factor is expected to propel growth of the GPS tracker market during the forecast period (2018-2026).

The factor attributed to growth of the market is increasing sales of commercial vehicles worldwide.

The GPS tracker market in Asia Pacific region is expected to exhibit the highest CAGR during the forecast period of 2018 to 2026.

Major player operating in the global tracker GPS market include Orbcomm Inc., Laird PLC., Teltonika UAB, Geotab Inc., Sierra Wireless, Inc., Queclink Wireless Solutions Co., Ltd, Tomtom International Bv, Rilapp Technology Inc., Calamp Corporation, and Shenzhen Concox Information Technology Co.

The key players of the market are adopting new product development strategy in order to gain competitive edge in the market. For instance, in November 2016, the Rilapp Technologies launched the R-locator GPS tracking devices.

The facilities included in system are real time tracking, ignition detection, engine cut-off, distance calculation, speed monitoring, movement monitoring, in build battery backup for electricity failure, in build memory for historical data upload under different circumstances, and others.

Major application of GPS tracker are in Transportation & Logistics, Construction, Oil & Gas, Metals & Mining, Government, Others (Education, Retail, Hospitality, Agriculture, and Health care)

For more detail about GPS Tracking business like upcoming trends, technology, CAGR Now and in future, regional analysis you can download sample copy @ https://www.coherentmarketinsights.com/insight/request-pdf/2093

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This release was published on openPR.