The tracking as a service market is forecasted to grow by USD 2404.01 mn during 2023-2028, accelerating at a CAGR of 17.34% during the forecast period. The report on the tracking as a service market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for fleet management, evolving customer expectations for real-time visibility and status of orders, and rising demand for tracking as a service solutions due to continuous e-commerce growth.
Technavio's tracking as a service market is segmented as below:
Market Scope
Base Year
2024
End Year
2028
Series Year
2024-2028
Growth Momentum
Accelerate
YOY 2024
16.94%
CAGR
17.34%
Incremental Value
$2404.01mn
By End-user
Manufacturing
Transportation and logistics
Healthcare
Others
By Deployment
Cloud
On-premises
By Geographical Landscape
North America
Europe
APAC
Middle East and Africa
South America
This study identifies the growing adoption of IoT technology as one of the prime reasons driving the tracking as a service market growth during the next few years. Also, rising demand for tracking as a service solutions in healthcare industry and increasing integration of tracking as a service solutions with other business systems will lead to sizable demand in the market.
The report on the tracking as a service market covers the following areas:
Tracking as a service market sizing
Tracking as a service market forecast
Tracking as a service market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading tracking as a service market vendors that include AT and T Inc., Blackline Safety Corp, Datalogic SpA, Geotab Inc., Impinj Inc., Infor Inc., MicroMain Corp, Midmark Corp., Mojix Inc., Motorola Solutions Inc., PCCW Enterprises Ltd., Sortly Inc, Topcon Positioning Systems Inc., Trimble Inc., Verizon Communications Inc., Wabtec Corp., Zebra Technologies Corp., EZO, Honeywell International Inc., and Spider Tracks Ltd.. Also, the tracking as a service market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
2 Market Landscape
2.1 Market ecosystem
3 Market Sizing
3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
4 Historic Market Size
4.1 Global tracking as a service market 2018 - 2022
4.2 End-user Segment Analysis 2018 - 2022
4.3 Deployment Segment Analysis 2018 - 2022
4.4 Geography Segment Analysis 2018 - 2022
4.5 Country Segment Analysis 2018 - 2022
5 Five Forces Analysis
5.1 Five forces summary
5.2 Bargaining power of buyers
5.3 Bargaining power of suppliers
5.4 Threat of new entrants
5.5 Threat of substitutes
5.6 Threat of rivalry
5.7 Market condition
6 Market Segmentation by End-user
6.1 Market segments
6.2 Comparison by End-user
6.3 Manufacturing - Market size and forecast 2023-2028
6.4 Transportation and logistics - Market size and forecast 2023-2028
6.5 Healthcare - Market size and forecast 2023-2028
6.6 Others - Market size and forecast 2023-2028
6.7 Market opportunity by End-user
7 Market Segmentation by Deployment
7.1 Market segments
7.2 Comparison by Deployment
7.3 Cloud - Market size and forecast 2023-2028
7.4 On-premises - Market size and forecast 2023-2028
7.5 Market opportunity by Deployment
8 Customer Landscape
8.1 Customer landscape overview
9 Geographic Landscape
9.1 Geographic segmentation
9.2 Geographic comparison
9.3 North America - Market size and forecast 2023-2028
9.4 Europe - Market size and forecast 2023-2028
9.5 APAC - Market size and forecast 2023-2028
9.6 Middle East and Africa - Market size and forecast 2023-2028
9.7 South America - Market size and forecast 2023-2028