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Tracking-as-a-Service Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global tracking-as-a-service market size reached US$ 1.34 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 3.7 Billion by 2027, exhibiting at a CAGR of 17.10% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

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.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global tracking as a service market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on component, type, asset type, enterprise size and end use industry.

Breakup by Component:

 

 
 

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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 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
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)

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Tracking as a service Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Component 
    6.1    Software
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Service
        6.2.1 Market Trends
        6.2.2 Market Forecast
7    Market Breakup by Type
    7.1    Cloud-based
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    On-premises
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Asset Type
    8.1    Electronics and IT Assets
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    In-Transit Equipment
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Manufacturing Assets
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Others
        8.4.1 Market Trends
        8.4.2 Market Forecast
9    Market Breakup by Enterprise Size
    9.1    Large Enterprises
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Small and Medium-sized Enterprises
        9.2.1 Market Trends
        9.2.2 Market Forecast
10    Market Breakup by End Use Industry
    10.1    Retail
        10.1.1 Market Trends
        10.1.2 Market Forecast
    10.2    Manufacturing
        10.2.1 Market Trends
        10.2.2 Market Forecast
    10.3    E-commerce
        10.3.1 Market Trends
        10.3.2 Market Forecast
    10.4    Transportation and Logistics
        10.4.1 Market Trends
        10.4.2 Market Forecast
    10.5    Healthcare
        10.5.1 Market Trends
        10.5.2 Market Forecast
    10.6    Others 
        10.6.1 Market Trends
        10.6.2 Market Forecast
11    Market Breakup by Region
    11.1    North America
        11.1.1 United States
           11.1.1.1 Market Trends
           11.1.1.2 Market Forecast
        11.1.2 Canada
           11.1.2.1 Market Trends
           11.1.2.2 Market Forecast
    11.2    Asia-Pacific
        11.2.1 China
           11.2.1.1 Market Trends
           11.2.1.2 Market Forecast
        11.2.2 Japan
           11.2.2.1 Market Trends
           11.2.2.2 Market Forecast
        11.2.3 India
           11.2.3.1 Market Trends
           11.2.3.2 Market Forecast
        11.2.4 South Korea
           11.2.4.1 Market Trends
           11.2.4.2 Market Forecast
        11.2.5 Australia
           11.2.5.1 Market Trends
           11.2.5.2 Market Forecast
        11.2.6 Indonesia
           11.2.6.1 Market Trends
           11.2.6.2 Market Forecast
        11.2.7 Others
           11.2.7.1 Market Trends
           11.2.7.2 Market Forecast
    11.3    Europe
        11.3.1 Germany
           11.3.1.1 Market Trends
           11.3.1.2 Market Forecast
        11.3.2 France
           11.3.2.1 Market Trends
           11.3.2.2 Market Forecast
        11.3.3 United Kingdom
           11.3.3.1 Market Trends
           11.3.3.2 Market Forecast
        11.3.4 Italy
           11.3.4.1 Market Trends
           11.3.4.2 Market Forecast
        11.3.5 Spain
           11.3.5.1 Market Trends
           11.3.5.2 Market Forecast
        11.3.6 Russia
           11.3.6.1 Market Trends
           11.3.6.2 Market Forecast
        11.3.7 Others
           11.3.7.1 Market Trends
           11.3.7.2 Market Forecast
    11.4    Latin America
        11.4.1 Brazil
           11.4.1.1 Market Trends
           11.4.1.2 Market Forecast
        11.4.2 Mexico
           11.4.2.1 Market Trends
           11.4.2.2 Market Forecast
        11.4.3 Others
           11.4.3.1 Market Trends
           11.4.3.2 Market Forecast
    11.5    Middle East and Africa
        11.5.1 Market Trends
        11.5.2 Market Breakup by Country
        11.5.3 Market Forecast
12    SWOT Analysis
    12.1    Overview
    12.2    Strengths
    12.3    Weaknesses
    12.4    Opportunities
    12.5    Threats
13    Value Chain Analysis
14    Porters Five Forces Analysis

    14.1    Overview
    14.2    Bargaining Power of Buyers
    14.3    Bargaining Power of Suppliers
    14.4    Degree of Competition
    14.5    Threat of New Entrants
    14.6    Threat of Substitutes
15    Price Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Key Players
    16.3    Profiles of Key Players
        16.3.1    AT&T Inc.
           16.3.1.1 Company Overview
           16.3.1.2 Product Portfolio
           16.3.1.3 Financials
           16.3.1.4 SWOT Analysis
        16.3.2    Datalogic S.p.A. (Hydra S.p.A.)
           16.3.2.1 Company Overview
           16.3.2.2 Product Portfolio
           16.3.2.3 Financials
           16.3.2.4 SWOT Analysis
        16.3.3    Geotab Inc.
           16.3.3.1 Company Overview
           16.3.3.2 Product Portfolio
        16.3.4    Honeywell International Inc.
           16.3.4.1 Company Overview
           16.3.4.2 Product Portfolio
           16.3.4.3 Financials
           16.3.4.4 SWOT Analysis
        16.3.5    Mojix Inc.
           16.3.5.1 Company Overview
           16.3.5.2 Product Portfolio
        16.3.6    Motorola Solutions Inc.
           16.3.6.1 Company Overview
           16.3.6.2 Product Portfolio
           16.3.6.3 Financials
           16.3.6.4 SWOT Analysis
        16.3.7    PCCW Solutions
           16.3.7.1 Company Overview
           16.3.7.2 Product Portfolio
        16.3.8    Spider Tracks Limited
           16.3.8.1 Company Overview
           16.3.8.2 Product Portfolio
        16.3.9    Topcon Corporation
           16.3.9.1 Company Overview
           16.3.9.2 Product Portfolio
           16.3.9.3 Financials
           16.3.9.4 SWOT Analysis
        16.3.10    Trimble Inc.
           16.3.10.1 Company Overview
           16.3.10.2 Product Portfolio
           16.3.10.3 Financials
           16.3.10.4 SWOT Analysis
        16.3.11    Verizon Communications Inc.
           16.3.11.1 Company Overview
           16.3.11.2 Product Portfolio
           16.3.11.3 Financials
           16.3.11.4 SWOT Analysis
        16.3.12    WABCO Digital Solutions
           16.3.12.1 Company Overview
           16.3.12.2 Product Portfolio
        16.3.13    Zebra Technologies Corp.
           16.3.13.1 Company Overview
           16.3.13.2 Product Portfolio
           16.3.13.3 Financials
           16.3.13.4 SWOT Analysis

List of Figures

Figure 1: Global: Tracking as a service Market: Major Drivers and Challenges
Figure 2: Global: Tracking as a service Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Tracking as a service Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Tracking as a service Market: Breakup by Component (in %), 2021
Figure 5: Global: Tracking as a service Market: Breakup by Type (in %), 2021
Figure 6: Global: Tracking as a service Market: Breakup by Asset Type (in %), 2021
Figure 7: Global: Tracking as a service Market: Breakup by Enterprise Size (in %), 2021
Figure 8: Global: Tracking as a service Market: Breakup by End Use Industry (in %), 2021
Figure 9: Global: Tracking as a service Market: Breakup by Region (in %), 2021
Figure 10: Global: Tracking as a service (Software) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Tracking as a service (Software) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Tracking as a service (Service) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Tracking as a service (Service) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Tracking as a service (Cloud-based) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Tracking as a service (Cloud-based) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Tracking as a service (On-premises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Tracking as a service (On-premises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Tracking as a service (Electronics and IT Assets) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Tracking as a service (Electronics and IT Assets) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Tracking as a service (In-Transit Equipment) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Tracking as a service (In-Transit Equipment) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Tracking as a service (Manufacturing Assets) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Tracking as a service (Manufacturing Assets) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Tracking as a service (Other Asset Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Tracking as a service (Other Asset Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Tracking as a service (Large Enterprises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Tracking as a service (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Tracking as a service (Small and Medium-sized Enterprises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Tracking as a service (Small and Medium-sized Enterprises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Tracking as a service (Retail) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Tracking as a service (Retail) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Tracking as a service (Manufacturing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Tracking as a service (Manufacturing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Tracking as a service (E-commerce) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Tracking as a service (E-commerce) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Global: Tracking as a service (Transportation and Logistics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Global: Tracking as a service (Transportation and Logistics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Global: Tracking as a service (Healthcare) Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Global: Tracking as a service (Healthcare) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Global: Tracking as a service (Other End Use Industries) Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Global: Tracking as a service (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: North America: Tracking as a service Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: North America: Tracking as a service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: United States: Tracking as a service Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: United States: Tracking as a service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Canada: Tracking as a service Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Canada: Tracking as a service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Asia-Pacific: Tracking as a service Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Asia-Pacific: Tracking as a service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: China: Tracking as a service Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: China: Tracking as a service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Japan: Tracking as a service Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Japan: Tracking as a service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: India: Tracking as a service Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: India: Tracking as a service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: South Korea: Tracking as a service Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: South Korea: Tracking as a service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Australia: Tracking as a service Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Australia: Tracking as a service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Indonesia: Tracking as a service Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Indonesia: Tracking as a service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Others: Tracking as a service Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Others: Tracking as a service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Europe: Tracking as a service Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Europe: Tracking as a service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Germany: Tracking as a service Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Germany: Tracking as a service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: France: Tracking as a service Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: France: Tracking as a service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: United Kingdom: Tracking as a service Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: United Kingdom: Tracking as a service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Italy: Tracking as a service Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Italy: Tracking as a service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Spain: Tracking as a service Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Spain: Tracking as a service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Russia: Tracking as a service Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Russia: Tracking as a service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Others: Tracking as a service Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Others: Tracking as a service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Latin America: Tracking as a service Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Latin America: Tracking as a service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Brazil: Tracking as a service Market: Sales Value (in Million US$), 2016 & 2021
Figure 83: Brazil: Tracking as a service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 84: Mexico: Tracking as a service Market: Sales Value (in Million US$), 2016 & 2021
Figure 85: Mexico: Tracking as a service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 86: Others: Tracking as a service Market: Sales Value (in Million US$), 2016 & 2021
Figure 87: Others: Tracking as a service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 88: Middle East and Africa: Tracking as a service Market: Sales Value (in Million US$), 2016 & 2021
Figure 89: Middle East and Africa: Tracking as a service Market: Breakup by Country (in %), 2021
Figure 90: Middle East and Africa: Tracking as a service Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 91: Global: Tracking as a service Industry: SWOT Analysis
Figure 92: Global: Tracking as a service Industry: Value Chain Analysis
Figure 93: Global: Tracking as a service Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Tracking as a service Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Tracking as a service Market Forecast: Breakup by Component (in Million US$), 2022-2027
Table 3: Global: Tracking as a service Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 4: Global: Tracking as a service Market Forecast: Breakup by Asset Type (in Million US$), 2022-2027
Table 5: Global: Tracking as a service Market Forecast: Breakup by Enterprise Size (in Million US$), 2022-2027
Table 6: Global: Tracking as a service Market Forecast: Breakup by End Use Industry (in Million US$), 2022-2027
Table 7: Global: Tracking as a service Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 8: Global: Tracking as a service Market: Competitive Structure
Table 9: Global: Tracking as a service Market: Key Players


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Key Questions Answered in This Report

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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