This industry research report presents a detailed segmentation of the global tracking-as-a-service market by category (PaaS and SaaS). It also outlines the market shares for key regions such as the Americas, APAC, and EMEA. The leading vendors analyzed in this report are DigiCore, Trimble Navigation, Verizon, and Zebra.
Technavio’s market research analysts estimate the global tracking-as-as-service market, to grow at a CAGR of 26% by 2020. The emergence of cloud-based solutions has helped organizations to improve efficiency and reduce the costs of tracking and monitoring of personnel and assets. Of late, tracking services based on the PaaS/SaaS model are gaining popularity in the transportation and logistics industries. Moreover, technological advancements such as electronic miniaturization has lowered the prices of tracking devices. The Americas accounts for more than 72% of the overall market share, owing to the growing demand for personal tracking and the introduction of stringent government mandates that necessitates GPS tracking for private passenger vehicles
The new market research report from Technavio provides a breakdown and analysis of the tracking-as-a-service segments by technology.
“The increased usage of electronic monitoring for personal tracking will impel growth during the forecast period. Electronic monitoring refers to the form of surveillance that helps to monitor the behavior, location, and other characteristics of a person remotely. Electronic monitoring is widely used for personal tracking, which involves the use of GPS locating devices and applications that track individuals. The growing need for real-time tracking and monitoring of personnel by employers for personal reasons is likely to incite growth in the global tracking-as-a-service market during the estimated period,” says Amit Sharma, Lead Analyst, ICT, Technavio Research
PaaS segment dominates the global tracking-as-a-service market, accounting for 59% of the total market share. The ability of this model to free users from installing in-house hardware and software to develop or run a new application is a critical factor that results in this segment’s impressive growth during the forecast period. Furthermore, benefits like their high reliability, scalability, and simplicity will impel its adoption by enterprises until 2020.
The leading vendors in the global tracking-as-as-service market are DigiCore, Trimble Navigation, Verizon, and Zebra. The market is in its developmental stage and will to grow significantly over the next few years. The high level of vendor competition in this market has led to an increased number of mergers and acquisitions. To survive and succeed in this market, the vendors have to increase their profitability by offering value-added services like analytics services and training services to address the available opportunities and risks.
A more detailed analysis is available in the Technavio report, Global Tracking-as-as-service Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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