What is Asset Tracking Software Market Scope?
In today’s world progressively dynamic IT environments, the ability to effectively access, manage, and secure software and hardware assets are more than important than ever. Likewise, enhanced asset management practices allowed the various organizations from different industries to contrast the current and future costs of assets and based on these predictions, improve operations productivity and cybersecurity. The key drivers contributing to the growth of the managed services are the rise in digital information, the need to secure it, increasing trend of bringing your own devices, flexibility to match custom requirements, continuous upsurge in dependency over heterogeneous networks, and persistent rise in the complexity of technological solutions.
The Asset Tracking Software market study is being classified and major geographies with country level break-up. According to AMA, the Global Asset Tracking Software market is expected to see growth rate of 12.2%
Research Analyst at AMA predicts that Players from United States will contribute to the maximum growth of Global Asset Tracking Software market throughout the predicted period.
Zebra Technologies Corporation (United States), Stanley Black And Decker, Inc.(United States), Honeywell International, Inc. (United States), Datalogic S.P.A (Italy), Trimble Inc. (United States), Ubisense Group Plc. (United Kingdom), Mojix, Inc. (United States) and Impinj, Inc. (United States) are some of the key players profiled in the study.
Analyst at AMA have segmented the market study of Global Asset Tracking Software market by Type, Application and Region.
On the basis of geography, the market of Asset Tracking Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2019. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Influencers and their development strategies
June 2019 - Comparesoft, an AI-Driven Software Recommender, renewed its referral partnership with FMIS, which provides asset management solutions in a broad range of industries, including the public sector, manufacturing, health, education, and non-profit sectors. This will help them further engage with businesses, to create further business opportunities.
Influencing Market Trend
- Automation coupled with increased adoption of IoT-based assets across industries such as Manufacturing, Oil & Gas, Energy, Power, Transportation & Logistics, Healthcare, and Construction, amongst others
- Fixed Asset Management Software automates the different stages of the asset lifecycle, and helps in improving efficiency while optimizing capital expenditure.
- Technological advancements across industries, such as Artificial Intelligence, Cloud Computing, Machine Learning, and many more
- Technological complexities associated with Asset Tracking Software
Key Target AudienceGovernment regulatory bodies, Government research organization, Private research organization and Others
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