Pune, India -- (SBWIRE) -- 07/25/2018 -- Global Asset Tracking and Inventory Management Solutions Market, By Component (Hardware, Software, Services ), By Industry (Retail, BFSI, IT& Telecom, Healthcare, Hospitality, Transportation, Logistics, Chemical, Energy & Utilities, Oil & Gas, Manufacturing, Education, Government, Others), By Application (IT Asset Tracking, Equipment Tracking, Facility Management, Tool Tracking, Funding Management, Mandate Compliance, Warehouse Management, Others) , By Geographical Segments (North America, South America, Europe, Asia-Pacific, Middle East and Africa)- Industry Trends and Forecast to 2025

Market Analysis

The Global Asset Tracking and Inventory Management Solutions Market is expected to reach USD 31.9 billion by 2025 from USD 11.8 billion in 2017 and is projected to grow at a CAGR of 12.7 % in the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

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Major market drivers and restraints


- Demand of asset tracking and inventory management solutions in new offshore fields in deep waters

- Declining efficiencies of aging assets and the need for operational safety

- Decrease in oil and gas prices

- Increasing the demand for maintaining the asset and plant.

- Stringent government safety regulations and quality control requirements

- Climatic changes affecting the operations of various industries

- High initial cost and complex process of system installation


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Market Segmentation

The market is based on service, industry and geographical segments.

Based on component, the market is segmented into


- hardware and

- services


Hardware is sub segmented into RFID readers, real-time location system (RTLS), barcode scanners, barcode printers, barcode stickers, RFID tags, and global Positioning System (GPS). Software is sub segmented into on premise and cloud-based. Services are sub segmented into consulting & training, implementation & integration, operation & maintenance.

Based on industry, the market is segmented into


- retail,

- BFSI,

- IT& telecom,

- healthcare,

- hospitality,

- transportation and logistics,

- chemical,

- energy & utilities,

- oil & gas,

- manufacturing,

- education,

- government and others


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Based on application, the market is segmented into


- IT asset tracking,

- equipment tracking,

- facility management,

- tool tracking,

- funding management,

- mandate compliance,

- warehouse management and others


Based on geography, the market report covers data points for 28 countries across multiple geographies such as


- North America,

- South America,

- Europe,

- Asia-Pacific and

- Middle East & Africa


Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.

Competitive Analysis

The global  asset tracking and inventory management solutions  market is fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market in order to sustain in long run. The report includes market shares of asset tracking and inventory management solutions market for global, Europe, North America, Asia Pacific and South America.

Top Competitors of Market


- Microsoft,

- Datalogic S.p.A.,

- EMS Barcode Solutions,

- LLC,

- Epicor,

- Honeywell International Inc.,

- JDA Software,

- Lowry Solutions,

- Oracle Corporation,

- REDBEAM,

- SAP SE,

- Stanley Black & Decker, Inc.,

- ZIH Corp.,

- Windward Software,

- Jolly Technologies Inc.,

- Wasp Barcode Technologies,

- Ubisense Limited,

- WiseTrack,

- Trimble Inc and Tipper Group


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