India Asset Tracking Market 2022 Strategic Assessment- Oracle Corporation, SAP SE, ORBCOMM India, Hilti (Software)

The report considers the present scenario of the India Asset Tracking Market and its dynamics for the forecast period 2022-2026. India Asset Tracking Market covers a detailed overview of several growth enablers, restraints, and trends in the market. The research report highlights the market’s current and potential key opportunities along with crucial insights.              

The Indian asset tracking market was valued at around USD 400 million in 2020, and it is expected to register a CAGR of 17.3%, during the period of 2021-2026.

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The India Asset Tracking market is highly competitive and consists of a number of major players. Companies like Coresonant Systems Private Limited, AT&T Inc., NFC Group, Quinta Systems Private Limited (Software), Hilti (Software), Oracle Corporation, Chekra Business Solutions, Trimble Inc., Identis, Verizon Communications Inc., Zebra Technologies India, SAP SE, ORBCOMM India, Omnitracs India Amongst Others.

Key Developments:

- December 2019 - Verizon Connect announced new workforce management solutions with the introduction of Verizon Connect Field Service Dispatch, which efficiently schedules and communicates the job information to technicians and customers throughout the day, in near-real-time, and it works alongside the Verizon Connect Reveal platform to combine vehicle location data and technician status to help manager operate faster.
- August 2019 - AT&T announced the completion of the fleet for FirstNet, which may now offer an integrated solution that gives real-time insights into the critical fleet and in-field first responder activities. This innovation leads to increased situational awareness, efficiency, and safety for first responders and public safety fleets.

Key Market Trends:

Transport and Logistics Segment is Expected to Hold a Major Share
- Transportation and logistics are witnessing a significant demand for mobile asset tracking solutions in India. Some of the most advanced custom-built tracking solutions that are found in the current market scenario are used by transportation and logistics players. Due to significant demand from the sector, almost all the asset tracking vendors in the market have custom-built solutions to serve the transportation and logistics sector.
- Moreover, according to the IBEF, the Indian e-commerce market is expected to grow to USD 200 billion by 2026, from USD 38.5 billion as of 2017. The above developments may boost the markets growth in the near future, and the ongoing digital transformation in the country is expected to increase Indias total internet user base to 829 million by 2021, from 636.73 million in FY19. The transport and logistics may play a key role in driving the Indian e-commerce forward, which is expected to boost the asset tracking market.

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What are the market factors that are explained in the report?

–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a regional scale.

–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

–Analytical Tools:  India Asset Tracking Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Finally, India Asset Tracking Market report is the believable source for gaining the Market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and Market development rate and figure and so on. This report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.

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