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Tracking As A Service Market Size, Share & Trends Analysis Report By Component, By Enterprise Size, By Asset Type, By Industry, By Region, And Segment Forecasts, 2023 - 2030

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    Report

  • 140 Pages
  • September 2023
  • Region: Global
  • Grand View Research
  • ID: 5893240
Description Jump to:
The global tracking as a service market size is expected to reach USD 21.80 billion by 2030, expanding at a CAGR of 17.1% from 2023 to 2030. The growth can be attributed to the flexibility and scalability of tracking-as-a-service models, allowing businesses to adopt solutions tailored to their specific needs without heavy upfront investments. Furthermore, as industries continue to embrace digital transformation and prioritize efficiency, accuracy, and customer satisfaction, the market for tracking-as-a-service is poised for continued growth.

The rising partnerships and collaborations among tracking-as-a-service market players bode well for the market's growth. For instance, in June 2022, Redlist and One Step GPS partnered to allow users to integrate data and elevate fleet tracking and management. This partnership provided users with a complete picture of their maintenance and fleet by merging GPS fleet tracking information with the reporting dashboard and additional functionalities provided by Redlist.

The market growth is propelled by continuous technological advancements, particularly in logistics and transportation. Innovations such as RFID-integrated goods vehicles, warehouse robotics, and the emergence of self-driving vehicles have significantly transformed how businesses manage and monitor their assets. These technological breakthroughs offer heightened levels of automation, efficiency, and accuracy in tracking and managing goods throughout their journey.

The COVID-19 pandemic had a slight negative impact on the growth of the tracking-as-a-service industry. Vendors catering to the transportation and logistics sector faced substantial obstacles due to decreased investments in tracking services. Furthermore, the pandemic-induced disruptions led to a challenging environment for the market's expansion.

Tracking As A Service Market Report Highlights

  • The software segment dominated the market in 2022, attributed to the increasing adoption of tracking-as-a-service solutions in various industries across the globe
  • The large enterprises segment dominated the market in 2022. Large enterprises are involved in adopting tracking-as-a-services to enhance operation efficiency and supply chain visibility
  • The manufacturing assets segment dominated the market in 2022. Manufacturing facilities use a wide range of assets, from machinery and equipment to tools and vehicles. Tracking solutions allow manufacturers to monitor the utilization and condition of these assets, schedule maintenance proactively, and ensure that equipment is optimally deployed
  • Retail segment is anticipated to grow at the fastest CAGR over the forecast period. Tracking solutions help in reducing theft and losses. Retailers can track high-value items, trigger alerts for suspicious behavior, and monitor inventory shrinkage
  • North America dominated the market in 2022. The presence of prominent players and the rising adoption of tracking-as-a-service across the region is anticipated to fuel regional growth

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definitions
1.3. Information Procurement
1.4. Information Analysis
1.4.1. Market Formulation & Data Visualization
1.4.2. Data Validation & Publishing
1.5. Research Scope and Assumptions
1.6. List of Data Sources
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Landscape Snapshot
Chapter 3. Market Variables, Trends, and Scope
3.1. Market Lineage Outlook
3.2. Industry Value Chain Analysis
3.3. Market Dynamics
3.3.1. Market Driver Impact Analysis
3.3.1.1. Rising digitalization across the logistics industry
3.3.1.2. The advantages of tracking-as-a-service
3.3.2. Market Challenge Impact Analysis
3.3.2.1. The privacy and security concerns
3.3.3. Market Opportunity Impact Analysis
3.3.3.1. Rising need for real-time tracking to enhance customer experience
3.4. Impact of COVID-19 Pandemic
3.5. Industry Analysis Tools
3.5.1. Porter’s Analysis
3.5.2. PESTEL Analysis
Chapter 4. Tracking-as-a-Service Market: Component Estimates & Trend Analysis
4.1. Component Movement Analysis & Market Share, 2022 & 2030
4.2. Tracking-as-a-Service Market Estimates & Forecast, By Component
4.2.1. Software
4.2.2. Services
Chapter 5. Tracking-as-a-Service Market: Enterprise Size Estimates & Trend Analysis
5.1. Enterprise Size Movement Analysis & Market Share, 2022 & 2030
5.2. Tracking-as-a-Service Market Estimates & Forecast, By Enterprise Size
5.2.1. Large Enterprises
5.2.2. Small & Medium Enterprises
Chapter 6. Tracking-as-a-Service Market: Asset Type Estimates & Trend Analysis
6.1. Asset Type Movement Analysis & Market Share, 2022 & 2030
6.2. Tracking-as-a-Service Market Estimates & Forecast, By Asset Type
6.2.1. Electronics & IT Assets
6.2.2. In-Transit Equipment
6.2.3. Manufacturing Assets
6.2.4. Others
Chapter 7. Tracking-as-a-Service Market: Industry Estimates & Trend Analysis
7.1. Industry Movement Analysis & Market Share, 2022 & 2030
7.2. Tracking-as-a-Service Market Estimates & Forecast, By Industry
7.2.1. Transportation & Logistic
7.2.2. Manufacturing
7.2.3. Healthcare
7.2.4. Food & Beverage
7.2.5. Retail
7.2.6. IT & Telecom
7.2.7. Others
Chapter 8. Tracking-as-a-Service Market: Regional Estimates & Trend Analysis
8.1. Tracking-as-a-Service Market: Regional Outlook
8.2. North America
8.2.1. North America tracking-as-a-service market estimates & forecasts, 2017 - 2030 (USD Million)
8.2.2. U.S.
8.2.2.1. U.S. tracking-as-a-service market estimates & forecasts, 2017 - 2030 (USD Million)
8.2.3. Canada
8.2.3.1. Canada tracking-as-a-service market estimates & forecasts, 2017 - 2030 (USD Million)
8.3. Europe
8.3.1. Europe tracking-as-a-service market estimates & forecasts, 2017 - 2030 (USD Million)
8.3.2. UK
8.3.2.1. UK tracking-as-a-service market estimates & forecasts, 2017 - 2030 (USD Million)
8.3.3. Germany
8.3.3.1. Germany tracking-as-a-service market estimates & forecasts, 2017 - 2030 (USD Million)
8.3.4. France
8.3.4.1. France tracking-as-a-service market estimates & forecasts, 2017 - 2030 (USD Million)
8.4. Asia Pacific
8.4.1. Asia Pacific tracking-as-a-service market estimates & forecasts, 2017 - 2030 (USD Million)
8.4.2. China
8.4.2.1. China tracking-as-a-service market estimates & forecasts, 2017 - 2030 (USD Million)
8.4.3. India
8.4.3.1. India tracking-as-a-service market estimates & forecasts, 2017 - 2030 (USD Million)
8.4.4. Japan
8.4.4.1. Japan tracking-as-a-service market estimates & forecasts, 2017 - 2030 (USD Million)
8.4.5. Australia
8.4.5.1. Australia tracking-as-a-service market estimates & forecasts, 2017 - 2030 (USD Million)
8.4.6. South Korea
8.4.6.1. South Korea tracking-as-a-service market estimates & forecasts, 2017 - 2030 (USD Million)
8.5. Latin America
8.5.1. Latin America tracking-as-a-service market estimates & forecasts, 2017 - 2030 (USD Million)
8.5.2. Brazil
8.5.2.1. Brazil tracking-as-a-service market estimates & forecasts, 2017 - 2030 (USD Million)
8.5.3. Mexico
8.5.3.1. Mexico tracking-as-a-service market estimates & forecasts, 2017 - 2030 (USD Million)
8.6. Middle East & Africa
8.6.1. Middle East & Africa tracking-as-a-service market estimates & forecasts, 2017 - 2030 (USD Million)
8.6.2. The Kingdom of Saudi Arabia (KSA)
8.6.2.1. The Kingdom of Saudi Arabia (KSA) tracking-as-a-service market estimates & forecasts, 2017 - 2030 (USD Million)
8.6.3. UAE
8.6.3.1. The UAE tracking-as-a-service market estimates & forecasts, 2017 - 2030 (USD Million)
8.6.4. South Arica
8.6.4.1. South Africa tracking-as-a-service market estimates & forecasts, 2017 - 2030 (USD Million)
Chapter 9. Competitive Landscape
9.1. Company Categorization
9.2. Participant’s Overview
9.2.1. Rockwell Automation
9.2.2. MicroMain
9.2.3. Sortly
9.2.4. EZO
9.2.5. Finale Inventory
9.2.6. Infor
9.2.7. Midmark Co.
9.2.8. Mojix
9.2.9. PCCW Solutions
9.2.10. Trimble Inc.
9.3. Financial Performance
9.4. Product Benchmarking
9.5. Company Market Positioning
9.6. Company Market Share Analysis, 2022
9.7. Company Heat Map Analysis
9.8. Strategy Mapping
9.8.1. Expansion
9.8.2. Collaborations
9.8.3. Mergers & Acquisitions
9.8.4. New Product Launches
9.8.5. Partnerships
9.8.6. Others
List of Tables
Table 1. Global Tracking-as-a-Service Market, by Component, 2017 - 2030 (USD Million)
Table 2. Global Tracking-as-a-Service Market, by Enterprise Size, 2017 - 2030 (USD Million)
Table 3. Global Tracking-as-a-Service Market, by Asset Type, 2017 - 2030 (USD Million)
Table 4. Global Tracking-as-a-Service Market, by Industry, 2017 - 2030 (USD Million)
Table 5. Global Tracking-as-a-Service Market, by Region, 2017 - 2030 (USD Million)
Table 6. Company Market Share, 2022
Table 7. Company Heat Map Analysis
Table 8. Key companies undergoing expansion
Table 9. Key companies undergoing collaborations
Table 10. Key companies undergoing new product launch
Table 11. Key companies undergoing mergers & acquisitions
Table 12. Key companies undergoing other strategies
List of Figures
Fig. 1. Tracking-as-a-service market segmentation
Fig. 2. Information procurement
Fig. 3. Data analysis models
Fig. 4. Market formulation and validation
Fig. 5. Data validating & publishing
Fig. 6. Market snapshot
Fig. 7. Segment snapshot
Fig. 8. Competitive landscape snapshot
Fig. 9. Parent Market Value, 2022 (USD Million)
Fig. 10. Tracking-as-a-service market - Industry value chain analysis
Fig. 11. Tracking-as-a-service market dynamics
Fig. 12. Tracking-as-a-service market: Porters’s analysis
Fig. 13. Tracking-as-a-service market: PESTEL analysis
Fig. 14. Tracking-as-a-service market, by component: key takeaways
Fig. 15. Tracking-as-a-service market, by component: market share, 2022 & 2030
Fig. 16. Tracking-as-a-service market estimates & forecasts, by software, 2017 - 2030, (USD Million)
Fig. 17. Tracking-as-a-service market estimates & forecasts, by services, 2017 - 2030, (USD Million)
Fig. 18. Tracking-as-a-service market, by enterprise size: key takeaways
Fig. 19. Tracking-as-a-service market, by enterprise size: market share, 2022 & 2030
Fig. 20. Tracking-as-a-service market estimates & forecasts, by large enterprises, 2017 - 2030, (USD Million)
Fig. 21. Tracking-as-a-service market estimates & forecasts, by small & medium enterprises, 2017 - 2030, (USD Million)
Fig. 22. Tracking-as-a-service market, by asset type: key takeaways
Fig. 23. Tracking-as-a-service market, by asset type: market share, 2022 & 2030
Fig. 24. Tracking-as-a-service market estimates & forecasts, by electronics & IT assets, 2017 - 2030, (USD Million)
Fig. 25. Tracking-as-a-service market estimates & forecasts, by in-transit equipment, 2017 - 2030, (USD Million)
Fig. 26. Tracking-as-a-service market estimates & forecasts, by manufacturing assets, 2017 - 2030, (USD Million)
Fig. 27. Tracking-as-a-service market estimates & forecasts, by others, 2017 - 2030, (USD Million)
Fig. 28. Tracking-as-a-service market estimates & forecasts, by industry, 2017 - 2030, (USD Million)
Fig. 29. Tracking-as-a-service market estimates & forecasts, by industry, 2017 - 2030, (USD Million)
Fig. 30. Tracking-as-a-service market estimates & forecasts, by transportation & logistic, 2017 - 2030, (USD Million)
Fig. 31. Tracking-as-a-service market estimates & forecasts, by manufacturing, 2017 - 2030, (USD Million)
Fig. 32. Tracking-as-a-service market estimates & forecasts, by healthcare, 2017 - 2030, (USD Million)
Fig. 33. Tracking-as-a-service market estimates & forecasts, by food & beverage, 2017 - 2030, (USD Million)
Fig. 34. Tracking-as-a-service market estimates & forecasts, by retail, 2017 - 2030, (USD Million)
Fig. 35. Tracking-as-a-service market estimates & forecasts, by IT & telecom, 2017 - 2030, (USD Million)
Fig. 36. Tracking-as-a-service market estimates & forecasts, by others, 2017 - 2030, (USD Million)
Fig. 37. Tracking-as-a-service market revenue, by region, 2022 & 2030, (USD Million)
Fig. 38. Regional marketplace: key takeways
Fig. 39. North America tracking-as-a-service market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 40. U.S. tracking-as-a-service market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 41. Canada tracking-as-a-service market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 42. Europe tracking-as-a-service market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 43. UK tracking-as-a-service market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 44. Germany tracking-as-a-service market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 45. France tracking-as-a-service market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 46. Asia Pacific tracking-as-a-service market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 47. China tracking-as-a-service market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 48. India tracking-as-a-service market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 49. Japan tracking-as-a-service market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 50. Australia tracking-as-a-service market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 51. South Korea tracking-as-a-service market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 52. Latin America tracking-as-a-service market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 53. Brazil tracking-as-a-service market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 54. Mexico tracking-as-a-service market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 55. Middle East & Africa tracking-as-a-service market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 56. The Kingdom of Saudi Arabia (KSA) tracking-as-a-service market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 57. UAE tracking-as-a-service market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 58. South Africa tracking-as-a-service market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 59. Key company categorization
Fig. 60. Company market positioning
Fig. 61. Company market share analysis, 2022
Fig. 62. Strategic framework

Companies Mentioned

  • Rockwell Automation
  • MicroMain
  • Sortly
  • EZO
  • Finale Inventory
  • Infor
  • Midmark Co.
  • Mojix
  • PCCW Solutions
  • Trimble Inc.

Methodology

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