Global Mobile Tracking Solutions Market, By Technology (RFID Tags, GPS, Other Technology), Vertical (Public Sector, Healthcare Sector, Banking Financial Services and Insurance (BFSI) Sector, Transport and Logistics Sector, Retail Sector, Commercial Sector, Industrial Sector, Energy & Utility Sector, Manufacturing Sector, Other Sector), 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 2028
Market Analysis and Insights : Global Mobile Tracking Solutions Market
The mobile tracking solutions market will reach at an estimated value of USD 322,789.3 million by 2028 and grow at a CAGR of 22.10% in the forecast period of 2021 to 2028. Rise in the proliferation of connected devices and sensor technology across the verticals is an essential factor driving the mobile tracking solutions market.
Mobile tracking solution helps in enabling the user to get real time update on the position of mobile assets. RFID tags and GPS devices when attached with equipment and assets ensure efficient mobile tracking. Mobile phones and handheld scanners can also be used to track mobile assets. Mobile traction solution find their application in mobile industrial generator tracking, medical asset tracking, construction assets tracking, military assets tracking, wild-life and conservation, and shipping & container tracking among others.
Rise in the reduction in search time for misplaced and lost assets is a crucial factor accelerating the market growth, also mobile tracking solutions are easy access to asset depreciation and cost data for accounting purposes, and improved customer service, which in turn increases the product demand, increase in the need for tackling the COVID-19 pandemic, rise in the internet of things device sales and growing number of manufacturing companies are the major factors among others boosting the mobile tracking solutions market. Moreover, increasing technological advancements and modernization in the production techniques, rise in the research and development activities and rise in the demand from the emerging economies will further create new opportunities for mobile tracking solutions market in the forecast period mentioned above.
However, lack of connectivity infrastructure in developing regions and high cost of the mobile tracking solution are the major factors among others restraining the market growth, and will further challenge the mobile tracking solutions market in the forecast period mentioned above.
This mobile tracking 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 mobile tracking 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.
Mobile Tracking Solutions Market Scope and Market Size
The mobile tracking solutions market is segmented on the basis of technology and vertical. 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 technology, the mobile tracking solutions market is segmented into RFID tags, GPS and other technology.
- The mobile tracking solutions market is also segmented on the basis of vertical into public sector, healthcare sector, banking financial services and insurance (BFSI) sector, transport and logistics sector, retail sector, commercial sector, industrial sector, energy & utility sector, manufacturing sector and other sector.
Mobile Tracking Solutions Market Scope Country Level Analysis
The mobile tracking solutions market is analysed and market size, volume information is provided by country, technology and vertical as referenced above.
The countries covered in the mobile tracking solutions market report are 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).
North America dominates the mobile tracking solutions market due to rise in the need amongst the businesses in the region to improve their operational efficiency, coupled with the presence of leading market players in this region.
The country section of the mobile tracking 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 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 Mobile Tracking Solutions Market Share Analysis
The mobile tracking 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 mobile tracking solutions market.
The major players covered in mobile tracking solutions market report are ORBCOMM, Verizon, AT&T Intellectual Property, Wasp Barcode Technologies, Spireon, Inc, NFC Group, Letstrack Limited, Bosch Connected Devices and Solutions GmbH, Geotab Inc and Vix Technology 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.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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