Asset Tracking and Inventory Management Solutions Market – Snapshot
According to a new market report pertaining to the asset tracking and inventory management solutions market, published by Transparency Market Research, the global asset tracking and inventory management solutions market is expected to reach US$ 30.59 Bn by 2026, expanding at a CAGR of 12.9% from 2018 to 2026. According to the report study, the global market is expected to be influenced by a wide range of macroeconomic and industry-specific factors. Growing demand by businesses to optimize product lifecycle management is anticipated to significantly drive the asset tracking and inventory management solutions market across the globe.
Major Key Players of the Asset Tracking and Inventory Management Solutions Market are:
ASAP Systems, Chekhra Business Solutions, Datalogic S.P.A., EMS Barcode Solutions, LLC, Epicor Software Corporation, GigaTrak, JDA Software, Lowry solutions Inc., Microsoft Corporation, Oracle Corporation, RedBeam, Inc., Honeywell International Inc., SAP SE, Stanley Black & Decker, Inc., Tenna, LLC, Trimble Inc., TVL, Inc. (WiseTrack), Ubisense Group PLC , Wasp Barcode Technologies, Inc., Zebra Technologies Corporation, Jolly Technologies, Brilliant Info Systems Pvt. Ltd. and Windward Software.
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Growth of inventory management and asset tracking solutions in the retail sector is driving the global asset tracking and inventory management solutions market
In the global asset tracking and inventory management solutions market, increasing adoption of asset tracking and inventory management solutions by industries present in Asia Pacific and the Middle East is the major factor driving the market. Moreover, retail industry globally is experiencing substantial advancements. Demand for asset tracking and inventory management solutions are due to various factors such as high return on investment, cost saving, and reduced search time in case of misplaced assets. Companies are incorporating advanced asset tracking solutions to gather accurate and real-time inventory data. Furthermore, growth in the e-commerce industry coupled with quick delivery of goods is anticipated to create profitable market opportunity for asset tracking and inventory management solutions. Rising penetration of asset tracking and inventory management systems in small and medium enterprises (SMEs) is anticipated to further enhance the adoption of asset tracking and inventory management solutions.
Asset Tracking and Inventory Management Solutions Market, by Component
- RFID Readers
- Real-Time Location
- System (RTLS)
- Barcode Scanners
- Barcode Printers
- Barcode Stickers
- RFID Tags
- Global Positioning System (GPS)
- Consulting & Training
- Implementation & Integration
- Operation & Maintenance
Asset Tracking and Inventory Management Solutions Market, by Application
- IT Asset Tracking
- Equipment Tracking
- Facility Management
- Tool Tracking
- Funding Management
- Mandate Compliance
- Warehouse Management
Asset Tracking and Inventory Management SolutionsMarket, by Industry
- IT & Telecom
- Transportation and Logistics
- Energy & Utilities
- Oil & Gas
- Others (Automotive, Mining, and Textile)
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