Market Research Report
Asset Tracking Market by Technology, Infrastructure, Connection Type, Mobility, Location Determination, Solution Type, and Industry Verticals 2020 - 2025
|Published by||Mind Commerce||Product code||927093|
|Published||Content info||306 Pages
Delivery time: 1-2 business days
|Asset Tracking Market by Technology, Infrastructure, Connection Type, Mobility, Location Determination, Solution Type, and Industry Verticals 2020 - 2025|
|Published: March 3, 2020||Content info: 306 Pages||
This report evaluates asset tracking technologies, solutions, and ecosystem including major players. The report assesses the impacts of various use case specific considerations in terms of asset technology and solution selection. The report also analyzes the market outlook for asset tracking globally, regionally, and by major country from 2020 through 2025.
The report additionally provides the following:
The asset tracking market has witnessed substantial economies of scale improvements in recently years due to inexpensive connectivity and Machine-to-Machine (M2M) communications equipment and services. The advent of advanced Internet of Things (IoT) solutions leveraging M2M and other supporting technologies enables anytime, anywhere, any type of asset tracking. In addition, advancements in miniaturization and communications have made lower value asset tracking more practical, expanding the range of potential industries and asset types.
There are substantial factors to consider when approaching the broader asset tracking market, which include asset class, value, and degree of mobility. Whereas asset tracking has historically been largely fleet-focused (commercial trucks, trailers, vans, and cars), there is great potential for expansion towards non-vehicle related assets.
However, the market is currently constrained by the relatively low number of enterprise-connected assets across certain important asset classes. Leading asset tracking solution companies are focusing on the asset value to a business or governmental organization rather than the book value of the asset itself. A consultative marketing/sales approach is necessary to inform enterprise, first of the value of interconnecting business assets, and secondly demonstrative asset tracking outcomes the bring value straight to the bottom line.
There are also opportunities for technology integration, such as leveraging Artificial Intelligence (AI) for enhanced decision making. There are many roles that AI may play, ranging from machine learning and analytics to improved cybersecurity for connected enterprise assets. By way of example, the recent Blackberry acquisition of Cylance represents a cybersecurity play that may be parlayed into IoT device security and combined with asset tracking solutions for greater overall enterprise security.