Asset Tracking And Inventory Management Solutions Global Market Report 2022: Rising Adoptions of Various Asset Management Solutions Drives Demand – ResearchAndMarkets.com

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DUBLIN–(BUSINESS WIRE)–The report “Asset Tracking and Inventory Management Solutions Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2022 to 2030” has been added to from ResearchAndMarkets.com offer.

Growing adoption of various asset management solutions has increased the market demand for asset tracking and inventory management solutions

Globally, the asset tracking and inventory management solutions market is expected to grow with a CAGR of 14.6% during the forecast period from 2022 to 2030 and is expected to reach a market value of 64.55 billion US dollars by 2030. Asset tracking and inventory management solutions are used for various inventory management and tracking. These solutions offer various information related to the product, their quantities, when and where they were used or sold and placed. This information saves users time and money.

Growing requirement for new technologies for maintenance of company assets and inventory is one of the major factors driving the growth of the global market. These solutions allow the user to locate misplaced inventory or assets, which improves work speed and reduces the overall cost of the process. Asset management reduces manual labor and improves the work capacity of an individual and the process, resulting in high adoption of these solutions by various industry verticals.

Asset tracking and inventory management solutions with hardware in its component segment continue to lead the market

In 2021, the overall SATS market was dominated by the hardware segment in its component segment, contributing a high percentage of the market share of the total revenue generated globally in 2021 with a market share of more than 35 .0% and is expected to grow with a significant CAGR over the forecast period. Technological advancements in hardware devices and the use of various tracking systems such as wearable devices, RFID devices, and others are expected to drive the market. Using GPS systems and technologies for asset tracking reduces the search time.

Asia-Pacific dominates the market by region

The global asset tracking and inventory management solutions market was dominated by Asia-Pacific with a market share of over 35.0% in 2020. The presence of various industries from electronics, automotive, hospitality, healthcare and others is a major factor driving the region’s market. As these industries use these solutions to track their assets and inventor. The adoption of these solutions by industries is growing rapidly, resulting in reduced working hours and improved work efficiency. On the basis of countries, the Asia-Pacific region has been segmented into China, Japan, India, and Rest of Asia-Pacific. China accounts for the largest market share in the region owing to the presence of various manufacturers in the country.

Market segmentation

Making up

  • Material

  • Software

  • Services

Application

  • Facilities Management

  • IT Asset Tracking

  • Equipment Tracking

  • Funding management

  • Tool tracking

  • Warehouse management

  • Mandate Compliance

  • Others

Deployment

Organization size

Final user

  • BFSI

  • Retail

  • Health care

  • IT & Telecom

  • Transportation

  • Hospitality

  • Energy and Utilities

  • Manufacturing

  • petroleum gas

  • Government

  • Others

Key questions answered by this report

  • What are the key micro and macro environmental factors impacting the growth of the Asset Tracking and Inventory Management Solutions Market?

  • What are the major investment pockets with respect to product segments and geographies currently and during the forecast period?

  • Estimated forecasts and market projections till 2030.

  • Which segment represents the fastest CAGR during the forecast period?

  • Which market segment has a larger market share and why?

  • Are low- and middle-income economies investing in the market for asset tracking and inventory management solutions?

  • What is the largest regional market for the Asset Tracking & Inventory Management Solutions market?

  • What are the market trends and dynamics in emerging markets such as Asia-Pacific, Latin America, Middle East and Africa?

  • What are the key trends driving the growth of the Asset Tracking and Inventory Management Solutions market?

  • Who are the leading competitors and what are their key strategies to strengthen their presence in the global Asset Tracking and Inventory Management Solutions market?

Main topics covered:

1. Preface

2. Executive Summary

3. Asset Tracking and Inventory Management Solutions Market: Competitive Analysis

4. Asset Tracking and Inventory Management Solutions Market: Macro Analysis and Market Dynamics

5. Asset Tracking and Inventory Management Solutions Market: By Component, 2020-2030, USD (Million)

6. Asset Tracking and Inventory Management Solutions Market: By Application, 2020-2030, USD (Million)

7. Asset Tracking and Inventory Management Solutions Market: By Deployment, 2020-2030, USD (Million

8. Asset Tracking and Inventory Management Solutions Market: By Organization Size, 2020-2030, USD (Million)

9. Asset Tracking & Inventory Management Solutions Market: By End User, 2020-2030, USD (Million)

10. North America Asset Tracking and Inventory Management Solutions Market, 2020-2030, USD (Million)

11. UK & EU Asset Tracking and Inventory Management Solutions Market, 2020-2030, USD (Million)

12. Asia-Pacific Asset Tracking and Inventory Management Solutions Market, 2020-2030, USD (Million)

13. Latin America Asset Tracking and Inventory Management Solutions Market, 2020-2030, USD (Million)

14. Middle East & Africa Asset Tracking and Inventory Management Solutions Market, 2020-2030, USD (Million)

15. Company Profile

Companies cited

  • Oracle Corporation

  • JDA software

  • Microsoft Corporation

  • Honeywell International Inc.

  • Zebra Technologies Corporation

  • Red Beam, Inc.

  • ASAP Systems LLC

  • Datalogic SPA

  • EMS Barcode Solutions

  • GigaTrak

  • Stanley Black & Decker, Inc.

  • Epicor Software Corporation

  • SAP SE

  • Wasp Barcode Technologies, Inc.

  • Jolly Technologies

  • and Lowry Solutions Inc..

For more information on this report visit https://www.researchandmarkets.com/r/km1prj

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