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Tracking-as-a-Service Market Report by Component (Software, Service), Type (Cloud-based, On-premises), Asset Type (Electronics and IT Assets, In-Transit Equipment, Manufacturing Assets, and Others), Enterprise Size (Large Enterprises, Small and Medium-sized Enterprises), End Use Industry (Retail, Manufacturing, E-commerce, Transportation and Logistics, Healthcare, and Others), and Region 2024-2032
Report Format: PDF+Excel | Report ID: SR112023A4944
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Market Overview:
The global tracking-as-a-service market size reached US$ 1.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 6.4 Billion by 2032, exhibiting a growth rate (CAGR) of 14.23% during 2024-2032.
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Report Attribute
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Key Statistics
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|---|---|
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Base Year
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2023
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Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Size in 2023
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US$ 1.9 Billion |
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Market Forecast in 2032
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US$ 6.4 Billion |
| Market Growth Rate 2024-2032 | 14.23% |
Tracking as a service is a cloud-based solution used by organizations to track and monitor operations and day-to-day business processes. It is deployed on-premises or through cloud platforms and is commonly used for remote monitoring of goods and products. Tracking-as-a-Service offers enhanced scalability, data collection, mobile support, reporting and logging, data management, process mapping and real-time monitoring to improve organizational performance, decision-making and efficiency. It aids in increasing security, enhancing customer service and overall cost-effectiveness. As a result, tracking-as-a-service finds extensive application across various industries, such as healthcare, manufacturing, e-commerce, retail, transportation and logistics.
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Tracking-as-a-Service Market Trends:
Significant growth in the transportation and logistics industry across the globe is creating a positive outlook for the market. Tracking-as-a-service solutions are widely adopted by organizations that offer ridesharing and car rental services to improve vehicle maintenance, prevent delay and provide enhanced safety to the consumers. Additionally, the widespread utilization of electronic monitoring and tracking systems across enterprises to track the exchange of information and prevent unauthorized access to sensitive data among employees is favoring the market growth. Moreover, various technological advancements, such as the integration of connected devices with the Internet of Things (IoT), global positioning system (GPS) tracking and real-time monitoring solutions, are providing a thrust to the market growth. These technologies assist in locating containers, tracking stolen goods, maintaining driver safety and detecting fraudulent activities. In line with this, the widespread product adoption in the medical industry to monitor wearable medical devices and offer timely assistance in case of emergencies is positively impacting the market growth. Other factors, including the implementation of various government initiatives to install GPS tracking systems in novel vehicles, along with the increasing product utilization to keep track of portable devices, are anticipated to drive the market toward growth.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global tracking-as-a-service market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on component, type, asset type, enterprise size and end use industry.
Breakup by Component:
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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- Software
- Service
Breakup by Type:
- Cloud-based
- On-premises
Breakup by Asset Type:
- Electronics and IT Assets
- In-Transit Equipment
- Manufacturing Assets
- Others
Breakup by Enterprise Size:
- Large Enterprises
- Small and Medium-sized Enterprises
Breakup by End Use Industry:
- Retail
- Manufacturing
- E-commerce
- Transportation and Logistics
- Healthcare
- Others
Breakup by Region:
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- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being AT&T Inc., Datalogic S.p.A. (Hydra S.p.A.), Geotab Inc., Honeywell International Inc., Mojix Inc., Motorola Solutions Inc., PCCW Solutions, Spider Tracks Limited, Topcon Corporation, Trimble Inc., Verizon Communications Inc., WABCO Digital Solutions and Zebra Technologies Corp.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | US$ Billion |
| Segment Coverage | Component, Type, Asset Type, Enterprise Size, End Use Industry, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | AT&T Inc., Datalogic S.p.A. (Hydra S.p.A.), Geotab Inc., Honeywell International Inc., Mojix Inc., Motorola Solutions Inc., PCCW Solutions, Spider Tracks Limited, Topcon Corporation, Trimble Inc., Verizon Communications Inc., WABCO Digital Solutions and Zebra Technologies Corp. |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global tracking-as-a-service market was valued at US$ 1.9 Billion in 2023.
We expect the global tracking-as-a-service market to exhibit a CAGR of 14.23% during 2024-2032.
The rising adoption of tracking-as-a-service solutions across numerous enterprises to track the exchange of information and prevent unauthorized access to sensitive data among the employees is primarily driving the global tracking-as-a-service market.
The sudden outbreak of the COVID-19 pandemic has led to the growing demand for the tracking-as-a-service solutions across the medical sector to monitor wearable medical devices and offer timely assistance in case of emergencies.
Based on the component, the global tracking-as-a-service market can be categorized into software and service, where software currently holds the majority of the total market share.
Based on the enterprise size, the global tracking-as-a-service market has been segmented into large enterprises and small and medium-sized enterprises. Currently, large enterprises exhibit a clear dominance in the market.
Based on the end use industry, the global tracking-as-a-service market can be bifurcated into retail, manufacturing, e-commerce, transportation and logistics, healthcare, and others. Among these, the transportation and logistics industry accounts for the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global tracking-as-a-service market include AT&T Inc., Datalogic S.p.A. (Hydra S.p.A.), Geotab Inc., Honeywell International Inc., Mojix Inc., Motorola Solutions Inc., PCCW Solutions, Spider Tracks Limited, Topcon Corporation, Trimble Inc., Verizon Communications Inc., WABCO Digital Solutions, and Zebra Technologies Corp.
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