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Global Asset Tracking and Inventory Management Solutions Market - Industry Trends and Forecast to 2029

  • Semiconductors and Electronics
  • Upcoming Report
  • Jan 2022
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

Global Asset Tracking and Inventory Management Solutions Market, By Component (Hardware, Software, Services), Product (Consulting and Training, Implementation and Integration, Operation and Maintenance),  Application (IT Asset Tracking, Equipment Tracking, Facility Management, Warehouse Management and Others), Industry (Retail, BFSI, IT and Telecom, Healthcare and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa)- Industry Trends and Forecast to 2029.

Asset Tracking and Inventory Management Solutions Market

Market Analysis and Insights of Asset Tracking and Inventory Management Solutions Market

Asset tracking and inventory management solutions market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses the asset tracking and inventory management solutions market to reach USD 130.9 million by 2029 and to exhibit a CAGR of 13.7% for the forecast period of 2022 to 2029.

Asset tracking and inventory management solutions are basically the solutions which aid in managing the information of item quantities, personal assignments and requirement of maintenance. It is a time consuming and expensive task. These solutions are likely to influence supplier data. The inventory management systems help in many businesses to administer stocks of expendable commodities across different surroundings. The asset tracking basically includes tracking unique items of value and inventory tracking refers to tracking non-unique items of value.

The proliferation of retail stores and e-commerce markets and the asset tracking and inventory management market will emerge as the major factor driving market growth. Furthermore, the various benefits provided by this solution such as it aids the company to save their employees’ time from manually recoding data and also reduces the chance of error in records, which will further aggravate the market value. Moreover, with the adoption of this solution, the companies can focus on more complex tasks rather than asset and inventory tracking and managing which can help them to increase their business, which further impacts the company positively. However the high cost of the software system and maintenance and training expenses are the factors that act as a restraint for the market.

In addition to this, the utilization of the solution due to its high return on investment and decreased search time span for misplaced assets are estimated to create new opportunities for growing the market within the forecast period. The disruptions experienced by their respective manufacturing and supply-chain operations due to COVID-19 lockdowns result as a challenge for the market.

 This 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 localized 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, geographical expansions, technological innovations in the market. To gain more info on 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.

Global 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, product, application and industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.

  • On the basis of component, the asset tracking and inventory management solutions market has been segmented into hardware, software and services. The hardware is sub-segmented into hardware RFID readers, real-time location system RTLS, barcode scanners, barcode printers, barcode stickers, RFID tags and global positioning system GPS. The software is sub-segmented into on premise and cloud-based. The services are sub-segmented into consulting and training, implementation and integration and operation and maintenance.
  • 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 and telecom, healthcare and others.

 Asset Tracking and Inventory Management Solutions Market Country Level Analysis

The asset tracking and inventory management solutions market is segmented on the basis of component, product, application and industry.

The countries covered in the asset tracking and inventory management solutions market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific region dominates the asset tracking and inventory management solutions market due to presence of various developed industries like automotive, healthcare, electronics along with numerous new entrants in countries such as China and India in the region. North America region is projected to undergo substantial during the forecast period owing to the high adoption rate of asset-tracking technologies because of the dominance of transportation, automotive, and aerospace industries in this region.

The country section of the asset tracking and inventory management solutions market 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 such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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

The 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, global presence, production sites and facilities, production capacities, 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 asset tracking and inventory management solutions market.

Some of the major players operating in the asset tracking and inventory management solutions market report are Blue Yonder Group, Inc., Oracle, Microsoft,  Honeywell International Inc., Zebra Technologies Corp., ASAP Systems, GigaTrak, RCS, Epicor Software Corporation, Stanley Black & Decker, Inc., Jolly Technologies Inc., Wasp Barcode Technologies, lowrysolutions, EMS Barcode Solutions, Strategic Systems & Technology Corporation, Datalogic S.p.A, Trimble Inc.,  Windward Software Systems Inc., Ubisense, Brilliant Info Systems Pvt. Ltd., SAP SE, and Chekhra among others.

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 customized 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 analyzed 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 (Fact book) or can assist you in creating presentations from the data sets available in the report.


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