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) - Industry Trends and Forecast to 2030.
Asset Tracking and Inventory Management Solutions Market Analysis and Size
The asset tracking and inventory management solutions market is segmented based on component, technology, display type, application, and end-user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core influencing areas and the difference in your target markets.
Data Bridge Market Research analyses that the global asset tracking and inventory management solutions market, which was USD 53.29 million in 2022, would rocket up to USD 148.83 million by 2030, and is expected to undergo a CAGR of 13.7% during the forecast period. Asset tracking and inventory management solutions are extensively used in manufacturing and warehousing operations to track and manage inventory levels, monitor stock movement, optimize storage space, and streamline production processes. These solutions enable efficient inventory management, minimize stockouts, and improve overall operational efficiency. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Asset Tracking and Inventory Management Solutions Market Scope and Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2023 to 2030
|
|
Base Year
|
2022
|
|
Historic Years
|
2021 (Customizable into 2015-2020)
|
|
Quantitative Units
|
Revenue in USD Million, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
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)
|
|
Countries Covered
|
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
|
|
Market Players Covered
|
Zebra Technologies (U.S.), Honeywell International Inc. (U.S.), Datalogic S.p.A. (Italy), Impinj, Inc. (U.S.), Trimble Inc. (U.S.), SATO Holdings Corporation (Japan), Cognex Corporation (U.S.), Oracle Corporation (U.S.), JDA Software Group, Inc. (U.S.), Microsoft Corporation (U.S.), IBM Corporation (U.S.), SAP SE (Germany), Blue Yonder Group, Inc. (U.S.), Epicor Software Corporation (U.S.), Infor Inc. (U.S.), Alien Technology LLC (U.S.), Stanley Black & Decker, Inc. (U.S.), Asset Panda (U.S.), RedBeam, Inc. (U.S.)
|
|
Market Opportunities
|
|
Market Definition
The global asset tracking and inventory management solutions market refers to the industry that provides software, hardware, and services for tracking and managing assets and inventory across various sectors and industries worldwide. It encompasses the technologies and solutions designed to efficiently monitor, locate, control, and optimize the utilization of assets and inventory throughout their lifecycle.
Global Asset Tracking and Inventory Management Solutions Market Dynamics
Drivers
- Operational Efficiency
Organizations increasingly adopt asset tracking and inventory management solutions to enhance operational efficiency. These solutions enable real-time tracking, streamlined processes, automated data capture, and improved resource allocation, leading to time and cost savings
- Inventory Optimization
The need to optimize inventory levels, reduce stockouts, and minimize carrying costs is a significant driver. Asset tracking and inventory management solutions provide accurate visibility into inventory levels, demand forecasting, and real-time data analytics, helping organizations optimize their inventory management practices.
Opportunities
- Increasing Adoption
There is a growing recognition of the importance of asset tracking and inventory management solutions across industries. The opportunity lies in the increasing adoption of these solutions as organizations strive to improve operational efficiency, reduce costs, and enhance supply chain visibility.
Restrain/Challenge
- Data Accuracy and Integrity
Maintaining accurate and reliable data is a challenge in asset tracking and inventory management. Ensuring that the data collected is accurate, up-to-date, and consistent across systems can be a significant challenge, especially when dealing with large volumes of data or complex supply chains.
This Global 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, the 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, 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 make an informed market decision to achieve market growth.
Recent Development
- In January 2020, Zebra Technologies, a leading asset tracking solutions provider, announced its acquisition of Reflexis Systems, a provider of workforce management and task management software. The acquisition aimed to strengthen Zebra's portfolio of solutions for retail and hospitality industries.
- In May 2020, Honeywell launched a new asset tracking solution specifically designed for healthcare organizations. The solution utilized RFID technology to help healthcare facilities track and manage critical assets, such as medical equipment and supplies, improving efficiency and reducing costs.
Global Asset Tracking and Inventory Management Solutions Market Scope
The global asset tracking and inventory management Solutions market is segmented on the basis of component, product, application, and industry. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Component
- Hardware
- Software
- Services
Product
- Consulting and Training
- Implementation and Integration
- Operation and Maintenance
Application
- IT Asset Tracking
- Equipment Tracking
- Facility Management
- Warehouse Management
- Others
Application
- Production and Management
- Marketing
- Data Visualization
- Training
- Others
Industry
- Retail
- BFSI
- IT and Telecom
- Healthcare
- Others
Global Asset Tracking and Inventory Management Solutions Market Regional Analysis/Insights
The global asset tracking and inventory management solutions market is analyzed and market size insights and trends are provided by country, component, product, application, and industry as referenced above.
The countries covered in the Global Asset Tracking and Inventory Management Solutions market report are the 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.
The U.S. dominates the market and growing with the highest CAGR because the U.S. is known for its strong technology and innovation ecosystem. Many of the leading companies in the asset tracking and inventory management solutions market are based in the USA, and they drive technological advancements in the field. These companies invest heavily in research and development, creating cutting-edge solutions and setting industry standards.
The country section of the report also provides individual market-impacting factors and domestic regulation changes that impact the market's current and future trends. Data points like downstream 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 North America brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Semiconductor Infrastructure growth Installed base and New Technology Penetration
The global asset tracking and inventory management solutions market also provides you with a detailed market analysis for every country’s growth in healthcare expenditure for capital equipment, installed base of different kinds of products for the Global Asset Tracking and Inventory Management Solutions market, the impact of technology using life line curves, and changes in healthcare regulatory scenarios and their impact on the market. The data is available for the historic period 2015-2020.
Competitive Landscape and Global Asset Tracking and Inventory Management Solutions Market Share Analysis
The global asset tracking and inventory management solutions market competitive landscape provide details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, North America presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the global asset tracking and inventory management solutions market.
Some of the major players operating in the global asset tracking and inventory management solutions market are:
- Zebra Technologies (U.S.)
- Honeywell International Inc. (U.S.)
- Datalogic S.p.A. (Italy)
- Impinj, Inc. (U.S.)
- Trimble Inc. (U.S.)
- SATO Holdings Corporation (Japan)
- Cognex Corporation (U.S.)
- Oracle Corporation (U.S.)
- JDA Software Group, Inc. (U.S.)
- Microsoft Corporation (U.S.)
- IBM Corporation (U.S.)
- SAP SE (Germany)
- Blue Yonder Group, Inc. (U.S.)
- Epicor Software Corporation (U.S.)
- Infor Inc. (U.S.)
- Alien Technology LLC (U.S.)
- Stanley Black & Decker, Inc. (U.S.)
- Asset Panda (U.S.)
- RedBeam, Inc. (U.S.)
SKU-