Boston, MA -- (SBWIRE) -- 03/17/2016 -- Economic and cultural globalization has resulted in the rapid movement of ideas, commerce, people, and assets worldwide. As a result, businesses and people have come to require real-time tracking technology to monitor the movement of people, property, and assets in order to conduct their business safely and efficiently. GPS-enabled tracking devices are used in fleet management, asset and vehicle tracking, worker safety management, and logistics for commercial transactions.

Vehicle tracking technologies enable the persistent visibility of fleets of delivery vehicles, in addition to helping locate stolen or misplaced vehicles. Workers in high-risk environments require a GPS-enabled tracking device to continuously track their location in real time. GPS-enabled devices are also used to monitor offenders electronically. Analytics services can be used to anticipate the likelihood of offendors committing crimes based on their location and case history. The per day rate of such surveillance is high and this has raised the cost of monitoring and rehabilitation. So, most electronic monitoring devices are leased to customers on a per day basis.

Tracking services through PaaS include a package of services, such as basic tracking device functionalities and add-ons such as monitoring or analytics services. Tracking services based on SaaS are available for fuel management, maintenance planning, route optimization, location data, and analytics.

Get More Details on this Report and a Full Table of Contents at Global Tracking-as-a-Service Market 2016-2020

Technavio's analysts forecast the global tracking-as-a-service market to grow at a CAGR of 25.78% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global tracking as a service for 2016-2020. To calculate the market size, the report considers the revenue generated from cloud-based tracking services such as PaaS and SaaS.

The market is divided into the following segments based on geography:

-Americas
-APAC
-EMEA

Technavio's report, Global Tracking-as-a-Service Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

-DigiCore Holdings
-Trimble Navigation
-Verizon Enterprise Solutions
-Zebra Technologies.

Other prominent vendors

-AT&T
-Blackline GPS
-Ekahau
-Fleetmatics
-Geotab
-Globalstar
-ID Systems
-Location Labs
-LoJack
-Masternaut UK
-Maven Systems
-Mix Telematics
-Motorola Solutions
-Navizon
-Omnilink Systems
-Pointer Telocation
-Quuppa
-Ryder System
-SensorLogic
-SoloProtect UK
-Sprint
-Telogis
-TomTom International
-Track Group
-Trinetra

Market driver

-Need to improve fleet operators' efficiency
-For a full, detailed list, view our report

Market challenge

-Privacy concerns about electronic monitoring
-For a full, detailed list, view our report

Market trend

-Shift from CAPEX to OPEX business model
-For a full, detailed list, view our report

Key questions answered in this report

-What will the market size be in 2020 and what will the growth rate be?
-What are the key market trends?
-What is driving this market?
-What are the challenges to market growth?
-Who are the key vendors in this market space?
-What are the market opportunities and threats faced by the key vendors?
-What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Companies Mentioned in this Report: DigiCore Holdings, Trimble Navigation, Verizon Enterprise Solutions, Zebra Technologies, AT&T, Blackline GPS, Ekahau, Fleetmatics, Geotab, Globalstar, ID Systems, Location Labs, LoJack, Masternaut UK, Maven Systems, Mix Telematics, Motorola Solutions, Navizon, Omnilink Systems, Pointer Telocation, Quuppa, Ryder System, SensorLogic, SoloProtect UK, Sprint, Telogis, TomTom International, Track Group, Trinetra

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