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Tracking-as-a-Service Market Size, Key Factors, Major Players, Growth Strategies, Trends, Forecast Till 2026

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Tracking-as-a-Service Market Size, Key Factors, Major Players, Growth Strategies, Trends, Forecast Till 2026

According to the current analysis of Reports and Data, the global Tracking-as-a-service Market was valued at USD 3.3 Billion in 2018 and is expected to reach USD 21.5 Billion by year 2026, at a CAGR of 25.0%.

Tracking-as-a-service can be can be defined a solution based on the cloud or on premise where it helps industries to track their day to day business processes. Tracking-as-a-service enables to efficiently build, monitor and evaluate workflows within a company. Therefore, the service is critical in ensuring that companies achieve their objectives more efficiently by obviously identifying the procedures that span the activities of the company. Tracking-as-a-service is essential for any company as it focuses on enhancing the financial efficiency of the organization by optimizing and managing different procedures. Tracking-as-a-service helps to map daily procedures to ensure decreased inefficiencies, miscommunication and other errors in the workplace. Organizations need the software to provide routing engine capacities for routing duties from person to person, while a business process tracking software provides complete process lifecycle features including process modelling, monitoring, and simulation. A tracking-as-a-service include optimization instruments, user-friendly modelling, system integration instruments, business activity monitoring dashboards, case and task management skills for end user

Tracking-as-a-service offer different capabilities such as mobile support, reporting and logging, integration with the existing system and legacy software, analytics, business process optimization, scalability, data collection, data management, process mapping, and real-time monitoring.  Tracking-as-a-service enables you to look at the user shopping cart of thousands of customers. By gathering receipts for both real-world and online retail purchases (as well as receipts from in-app and full-game phone purchases in the games sector), we can provide accurate, item-level purchase details related to purchasers and their demographics – in the category, brand and item level. It tracks, codes, aggregates and tracks each product shipped to each of its operators from a critical mass of leading food service broadcasters. It provides in-depth insights into categories, brands, products, product characteristics and operator segments with trends.

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Further key findings from the report suggest:

  • The tracking-as-a-service market is fastest growing at a CAGR of 9% in Asia Pacific owing to increasing number of connected devices and location services in developing countries such as India and China
  • SaaS based services segment is accounted to be the leading segment which is valued at USD 2.0 Billion in 2019 in the Tracking-as-a-service Market
  • North America is the largest region with a share of 34.06% due to the higher adoption of 5G technologies and growing mobile penetration in Canada and US
  • Cloud deployment segment is the fastest growing at a CAGR of 28.3% due to the benefits such as availability, scalability, flexibility, and security in the Tracking-as-a-service Market
  • Europe is expected to account for the 29.28% of the global Tracking-as-a-service Market due to the increasing demand for location and tracking services in European countries such as U.K., France, Japan, and Germany
  • Manufacturing end user to account for the largest market size in the Tracking-as-a-service Market during the forecast period. Manufacturing companies are gradually implementing these services to monitor the day to day operations
  • Artificial Intelligence based tracking is the latest innovation in the global Tracking-as-a-service Market.
  • Some of the key players in the Tracking-as-a-service Market are Motorola Solutions, Wabco (Asset Trackr), AT&T Inc., Zebra Technologies Corp., Verizon Communications, Geotab Inc., Blackline Safety Corp., Spider Tracks Limited, and Honeywell International, Inc.

 The Global Tracking-as-a-Service Market is segmented as follows:

Service Type (Revenue, USD Million; 2016–2026)

  • Platform-as-a-service (PaaS)
  • Tracking-as-a-service (SaaS)

Type of Deployment (Revenue, USD Million; 2016–2026)

  • Cloud
  • On-Premise

End User (Revenue, USD Million; 2016–2026)

  • Retail & ecommerce
  • Manufacturing
  • Transportation and Logistics
  • Healthcare
  • Others

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The report provides an explicit analysis of the market with regards to growth driving factors, restraining factors, regulatory framework, threats and opportunities, financial hurdles to offer a thorough outlook of the market. The report also covers value chain analysis, market share, market size, CAGR, sales and revenue, import/export, the scope of the market, growth prospects, and other key factors. The report offers a regional analysis that covers key geographies such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

The report applies advanced analytical tools such as SWOT analysis, Porter’s Five Forces analysis, along with feasibility analysis and investment return analysis. It also offers strategic recommendations to new entrants as well as established companies about market barriers. It also offers insights into futuristic business opportunities, market scope, threats, and obstacles, to enable fruitful business decision-making process.

Furthermore, the report renders a complete analysis of the Tracking-as-a-Service market that allows readers to formulate profitable and lucrative business strategies by offering insights into the competitive landscape, crucial market details, growth prospects, regional rules and regulations, and other key factors.

To know more about the report, click @ https://www.reportsanddata.com/report-detail/tracking-as-a-service-market

Thank you for reading our report. Customization is available on the report; please connect with us to know more. Our team will make sure the report is customized to meet your requirements.

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