Global Asset Tracking and Inventory Management Solutions Market, By Component (Hardware, Software, Services), Application (IT Asset Tracking, Equipment Tracking, Facility Management, Warehouse Management and Others), Industry (Retail, BFSI, IT & Telecom, Healthcare and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2027
The asset tracking and inventory management solutions market is expected to reach USD 41.24 billion by 2027 witnessing market growth at a rate of 13.7% in the forecast period of 2020 to 2027. Data Bridge Market Research report on the asset tracking and inventory management solutions market provides analysis and insights regarding the trends and factors opportunities, restraints and the competitive landscape of the competitors.
Inventory management system is built to help the businesses to manage their stocks. To manage the information of item quantities, personal assignments and requirement of maintenance, asset tracking and inventory management solutions are used. With the help of asset tracking software, enterprises are eased with their stock and inventory management costs and then the enterprises allows to use their existing stock and equipment efficiently. This solution helps the companies to reduce the cost of maintaining stock and inventory and utilizing the existing tools through monitoring and tracking in real-time and non-real-time.
Due to the proliferation of retail stores and e-commerce markets, the asset tracking and inventory management market is expected to witness a high growth rate over the forecasted period. The implementation of this solution can help the company to save their employees’ time from manually recoding data and also reduces the chance of error in records. In addition to this, by adopting this asset tracking system, companies can focus on more complex tasks rather than asset and inventory tracking and managing which can help them to increase their business.
The high cost of the software system and maintenance and training expenses is the major challenge for this market in growing. Moreover, security threat is also one of the challenges for asset tracking and inventory management market.
Demand for barcode and RFID systems from small and medium enterprises are rapidly increasing, for tracking the assets and manage. This factor is driving the growth of this market. Also, the technologies are getting more and more advance every day and adoption of these latest and advance technologies like IIoT, predictive maintenance and augmented reality are becoming the by enterprise, this is one of the opportunity for this market to grow.
The asset tracking and inventory management solutions market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the asset tracking and inventory management solutions market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Asset Tracking and Inventory Management Solutions Market Scope and Market Size
The asset tracking and inventory management solutions market is segmented on the basis of component, application and industry. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of component, the asset tracking and inventory management solutions market has been segmented into hardware, software and services.
- Based on application, the asset tracking and inventory management solutions market has been segmented into IT asset tracking, equipment tracking, facility management, warehouse management and others.
- On the basis of industry, the asset tracking and inventory management solutions market has been segmented into Retail, BFSI, IT & telecom, healthcare and others.
Global Asset Tracking and Inventory Management Solutions Market Country Level Analysis
Global asset tracking and inventory management solutions market is analysed and market size, volume information is provided by country, component, application and industry as referenced above.
The countries covered in the asset tracking and inventory management solutions market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific region is anticipated to dominate the asset tracking and inventory solutions market over the forecasted period. The presence of various developed industries like automotive, healthcare, electronics etc. are driving the growth of this market in Asia-Pacific region. In the component segment, hardware is to lead the market in the forecasted period due to the technological innovations and advancements.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Asset Tracking and Inventory Management Solutions Market Share Analysis
Global asset tracking and inventory management solutions market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to global asset tracking and inventory management solutions market.
The major players covered in the asset tracking and inventory management solutions market report are Blue Yonder Group, Inc. formerly JDA Software, Oracle, Microsoft, Honeywell International, Zebra Technologies Corp., ASAP Systems, GigaTrak, RCS Technologies, Epicor Software Corporation, Stanley Black and Decker, Inc., Jolly Technologies Inc., Wasp Barcode Technologies, LOWRY SOLUTIONS INC, EMS Barcode Solutions, LLC, REDBEAM, Datalogic S.p.A, Trimble Inc., Windware Software, Ubisense Group Plc, Brilliant Info Systems Pvt. Ltd., SAP SE, Chekhra among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Asset Tracking and Inventory Management Solutions Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.