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Investing in a GPS fleet asset tracking monitoring or Video Intelligence system, would be a wise move to help cut your overall insurance costs.

According to an article which appeared in the September edition of Business Fleet Magazine, most businesses are seeing a significant savings either 10-15% or more off their commercial vehicle insurance if they integrate a fleet asset management system into their everyday fleet activities.

When drivers know they can pick up deliveries on time, they will tend to actually take those deliveries instead of making last-minute excuses or taking risky, but costly, alternatives like shortcuts or passing up the opportunity to get the job done right.

This can reduce insurance costs by as much as fifteen percent, not to mention saving the company money in fueling bills and helping to meet fuel bills.Asset tracking systems are designed for any size and type of business.

With the advent of video intercom systems, fleet managers can view what's going on with each vehicle in real time.Vehicle tracking systems have revolutionized how fleets are managed.

The old style was to write down vehicle data in journals, keep them in file cabinets, secure them inside of vehicles only accessible by authorized staff members, and then go from office to check on them.

Your high-value inventory must be tracked as part of a good inventory management system if your business depends on its availability to generate revenue.

Stock, tools, IT devices, vehicles, or employees can be considered.The RFID tracking technology offers efficient tracking in a cost-effective manner, even though there are various options to monitor and track assets.As a way of organizing and tracking physical assets, RFID asset tracking can be categorized in two ways.

This process involves loading RFID tags with data and attaching them to assets.

There are several kinds of data you can find in this category, including name, quantity, and location.The stored data is captured by RFID readers by capturing the radio waves that repeatedly pulse on RFID tags.

Eventually, the data can be tracked and acted on in a sophisticated Asset tracking system.In order to eliminate the highly error-prone methods of pen-and-paper and Excel spreadsheets, it is possible to automate your tracking and monitoring processes.Main benefits of RFID Asset Tracking System  Tracking multiple assets at any one time Eliminating human intervention Collecting data in real-time Improving asset visibility Locating lost or misplaced assets Maximizing accuracy of inventory  How Does RFID Asset Tracking Work?

An RFID tracking system functions in very much the same way whether it is used to track livestock in agriculture or to monitor a manufacturer's supply chain in a warehouse.

Relix Network's ground-breaking, rugged, and cost-effective Asset Tracking GPS devices.

Asset tracker track, monitor, and control resources in the world's most remote zones, with complete worldwide inclusion over different satellite and cell systems.

Reports that inspect the information and communication technology industry have been presented by Market Research Future, which makes reports on industry verticals that evaluate the market expansion and prospects.

The market shows potential to capture USD 11 Billion in earnings at 15% of CAGR by 2023.The trend of ‘bring your own devices’ is expected to create a favorable growth pace in the market for asset tracking software.

Moreover, the incessant increase in dependency over diverse networks is expected to boost the demand for asset tracking software market further.

Also, the need to improve overall business productivity is expected to create better opportunities for development in the forecast period.Asset Tracking Software Market SegmentationIn IT & telecommunication sector, asset tracking software is used by organization owing to its excellent software tracking solutions and enrich cloud solutions.

(U.K.), Mojix, Inc. (U.S.), Impinj, Inc. (U.S.) and others.Market Research Analysis:The asset tracking software market in North America region is growing due to high adoption of cloud solutions by enterprise and need to improve information governance in organizations.

Developing countries such as India and China are adopting asset tracking software tools at large scale owing to growing e-commerce and manufacturing sector from numerous industries and the need to designed efficient software for asset management of business is one of the prime factor that is boosting the market in the region.

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