Press release
Global Asset Tracking and Inventory Management Solutions Market Comprehensive Business Analysis, Opportunities - Key Players are Microsoft, Datalogic, Epicor Software, Honeywell, JDA Software, Lowry Solutions, Oracle, SAP, Stanley Black & Decker, Inc.
Global Asset Tracking and Inventory Management Solutions Market–
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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Key Players/Companies: Global Asset Tracking and Inventory Management Solutions Market
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.
Market Segments: Global Asset Tracking and Inventory Management Solutions Market
Based on application, the market is segmented into
• facility management,
• tool tracking,
• IT asset tracking,
• equipment 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.
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,
• transportation and logistics,
• chemical,
• energy & utilities,
• oil & gas,
• manufacturing,
• BFSI,
• IT& telecom,
• healthcare,
• hospitality,
• education,
• government and others
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Competitive Analysis: Global Asset Tracking and Inventory Management Solutions Market
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: Global Asset Tracking and Inventory Management Solutions Market
• 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
• Climatic changes affecting the operations of various industries
• High initial cost and complex process of system installation
• Decrease in oil and gas prices
• Increasing the demand for maintaining the asset and plant.
• Stringent government safety regulations and quality control requirements
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