Global Asset Tracking And Inventory Management Solutions Market Projected To Advance At A CAGR Of Over 13.8% By 2025

As per Zion Market Research, the global asset tracking and inventory management solutions market is projected to witness growth with a CAGR of about 13.8% during the forecasted period 2019–2025. The market is anticipated to reach USD 39.5 billion over estimated time. The asset tracking inventory management solutions aids in managing the data such as personnel assignments, item quantities, and maintenance needs. The asset tracking monitoring systems are employed for monitoring the account of physical possessions. It is also utilized for the addition of RFID, barcode, and GPS technologies. The asset tracking system includes of software that functions on mobile and computer devices. It is also utilized for communications purposes.

Some of the key players in the market are Trimble Inc., Tenna, LLC, JDA Software, Chekhra Business Solutions, EMS Barcode Solutions, LLC, ASAP Systems, Datalogic S.P.A., Lowry solutions Inc., GigaTrak, Epicor Software Corporation, Oracle Corporation, Honeywell International Inc., Stanley Black & Decker, Inc., Microsoft Corporation, SAP SE, RedBeam, Inc., Zebra Technologies Corporation, Wasp Barcode Technologies, Inc., Ubisense Group PLC, TVL, Inc. (WiseTrack), Brilliant Info Systems Pvt. Ltd., Jolly Technologies, and Windward Software.

Expansion Of Various Industries & High Acceptance Of Asset Tracking And Inventory Management Solutions To Stimulate The Global Market

The augmenting demand for the management software solution from several industries globally is likely to boost the asset tracking and inventory management solutions market in the forecasted period. Furthermore, the asset tracking and inventory management solutions give higher returns on the investment and also decrease the general time linked with misplaced inventory and assets. There is also a higher demand for asset tracking and inventory management from small & medium scale industries, which is a chief growth aspect for the global market. The surging expansion of various e-commerce industries globally is augmenting the demand for better management of inventory.

The global asset tracking and inventory management solutions market is bifurcated on the basis of component, application, industry, and regional analysis. Based on the component, the market is divided into hardware, software, and services. The hardware segment is subdivided into barcode printers, barcode scanners, RFID tags, barcode stickers, and GPS (global positioning system). The software segment is subdivided into on-premise and cloud-based. The services segment is subdivided into operation & maintenance, implementation & integration, and consulting & training. Based on the application, the market is divided into IT asset tracking, facility management, funding management, equipment tracking, tool tracking, mandate compliance, warehouse management, and others. Based on the industry, the market is divided into retail, BFSI, healthcare, transportation & logistics, IT & telecom, energy & utilities, hospitality, chemical, manufacturing, education, oil & gas, and government.

The Asia-Pacific Region Projected To Rule The Global Asset Tracking And Inventory Management Solutions Market

Based on geographical analysis, the global asset tracking and inventory management solutions market is divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The Asia-Pacific region is anticipated to dominate the global market over forecasted time. Various developing industries in the region due to rapid industrialization is expected to be a key reason for the surging demand for asset tracking and inventory management solutions.

Browse the full “Asset Tracking And Inventory Management Solutions Market - By Component (Hardware, Software, And Services), By Application (IT Asset Tracking, Facility Management, Funding Management, Equipment Tracking, Tool Tracking, Mandate Compliance, Warehouse Management, And Others), By Industry (Retail, BFSI, Healthcare, Transportation & Logistics, IT & Telecom, Energy & Utilities, Hospitality, Chemical, Manufacturing, Education, Oil & Gas, And Government), And By Region - Global Industry Perspective, Comprehensive Analysis, And Forecast, 2019 – 2025.” Report at https://www.zionmarketresearch.com/report/asset-tracking-inventory-management-solutions-market

The global asset tracking and inventory management solutions market is segmented as follows:

By component:

• Hardware
  • Barcode Printers
  • Barcode Stickers
  • Barcode Scanners
  • RFID Tags
  • GPS (Global Positioning System)
• Software
  • Cloud-based
  • On-premise
• Services
  • Operation & Maintenance
  • Consulting & Training
  • Implementation & Integration

By application:

• Funding Management
• Facility Management
• IT Asset Tracking
• Equipment Tracking
• Tool Tracking
• Mandate Compliance
• Warehouse Management
• Others

By industry:

• BFSI
• IT & Telecom
• Retail
• Healthcare
• Transportation and Logistics
• Oil & Gas
• Hospitality
• Energy & Utilities
• Chemical
• Manufacturing
• Education
• Government

By region:

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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