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The global tracking-as-a-service market was valued at US$ 1.34 Billion in 2021.
We expect the global tracking-as-a-service market to exhibit a CAGR of 17.10% during 2022-2027.
The extensive utilization of tracking-as-a service solution across numerous enterprises to track the
exchange of information and prevent unauthorized access to sensitive data among the employees, is
currently driving the global tracking-as-a-service market.
The sudden outbreak of the COVID-19 pandemic has led to the growing adoption of the tracking-as-
a-service system in 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 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 represent the
largest market share.
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 sector accounts for the majority of the total 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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