Asset Tracking and Inventory Management Solutions Market Overview By Share, Size, Industry Players, Revenue and Product Demand

Kenneth Research has published a detailed report on Asset Tracking and Inventory Management Solutions Market which has been categorized by market size, growth indicators and encompasses detailed market analysis on macro trends and region-wise growth in North America, Latin America, Europe, Asia-Pacific and Middle East & Africa region. The report also includes the challenges that are affecting the growth of the industry and offers strategic evaluation that is required to boost the growth of the market over the period of 2019-2026.

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The report covers the forecast and analysis of the Asset Tracking and Inventory Management Solutions Market on a global and regional level. The study provides historical data from 2015 to 2019 along with a forecast from 2019-2026 based on revenue (USD Million). In 2018, the worldwide GDP stood at USD 84,740.3 Billion as compared to the GDP of USD 80,144.5 Billion in 2017, marked a growth of 5.73% in 2018 over previous year according to the data quoted by International Monetary Fund. This is likely to impel the growth of Asset Tracking and Inventory Management Solutions Market over the period 2019-2026.

“The Final Report will cover the impact analysis of COVID-19 on this industry.”

Market: Overview
Inventory management systems are likely to help many businesses to administer stocks of expendable commodities across different surroundings. Such solutions are likely to influence supplier data, for instance, the available supply of parts and materials cost, & buyer data such as sales history, which helps to enhance the forecasting and planning for sales and production.

The rising need for a solution to sustain the organization’s assets and stock pushes monitoring and inventory management solutions globally. Various business organisations, sectors and government facilities are implementing strategies for monitoring and maintaining inventories to reduce human effort, improve product life cycle management, reduce operating costs, and others. Such benefits allow companies to increase their profitability.

Scope of the Report
The global asset tracking and inventory management solutions market is broadly segmented by component, application, and industry. Hardware revenue contribution is mainly due to significant deployment of inventory management and asset tracking solutionsby businesses due to increasing demand for proper inventory management needs. However, the software segment is expectedto contribute significantly over the forecast period.

Market Segmentation
by Asset Type:
Electronics Assets
Returnable Transport Assets
In-Transit Equipment
Manufacturing Assets
Personnel/ Staff

by Function:
Location/Movement Tracking
Repair & Maintenance

by Solution:
Radio Frequency Identification (RFID)
Real-Time Location System (RTLS)
Global Positioning System (GPS)

by Industry:
Transportation and Logistics

By Regional Ananlysis
North America

*Rest of Europe

*Rest of Asia-Pacific

Latin America
*Rest of LATAM

Middle East & Africa
*Saudi Arabia
*South Africa
*Rest of MEA

Enterprises are adopting asset tracking and inventory management solutions in order to increase revenue and to overcome the challenges concerning the loss faced due to the mismanaged inventories. Some of the prominent players identified in the asset tracking and inventory management solutions market and profiled in the study include ASAP Systems, Chekhra Business Solutions, Datalogic S.P.A., EMS Barcode Solutions, LLC, Epicor Software Corporation, GigaTrak, JDA Software, Lowry solutions Inc., Microsoft Corporation, Oracle Corporation, RedBeam, Inc., Honeywell International Inc., SAP SE, Stanley Black & Decker, Inc., Tenna, LLC, Trimble Inc., TVL, Inc. (WiseTrack), Ubisense Group PLC, Wasp Barcode Technologies, Inc., Zebra Technologies Corporation, Jolly Technologies, Brilliant Info Systems Pvt. Ltd. and Windward Software. Key players are adopting different strategies such as mergers and acquisitions, product launch, and R& D focus to enhance the customer base. For instance, in 2017, Jolly Technologies announced the public release of Version 8 of its product line including Lobby Track, ID Flow,Asset Track, Eventleaf Desktop, and Label Flow.

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Competitive Analysis:
The Asset Tracking and Inventory Management Solutions Market report examines competitive scenario by analyzing key players in the market. The company profiling of leading market players is included in this report with Porter’s five forces analysis and Value Chain analysis. Further, the strategies exercised by the companies for expansion of business through mergers, acquisitions, and other business development measures are discussed in the report. The financial parameters which are assessed include the sales, profits and the overall revenue generated by the key players of Market.

Key points covered in this report:
• The historical and current data is provided in the report based on which the future projections are made and the industry analysis is performed.
• The import and export details along with consumption value and production capability of every region is mentioned in the report.
• Porter’s five forces analysis, value chain analysis, SWOT analysis are some additional important parameters used for the analysis of market growth.
• The report provides the clients with the facts and figures about the market on the basis of evaluation of the industry through primary and secondary research methodologies.

The Asset Tracking and Inventory Management Solutions Market report highlight the economy, past and emerging trend of industry, and availability of basic resources. Furthermore, the market report explains development trend, analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out. In the end, the report makes some important proposals for a new project of Asset Tracking and Inventory Management Solutions Market before evaluating its possibility.

About Kenneth Research:
Kenneth Research is a reselling agency which focuses on multi-client market research database. The primary goal of the agency is to help industry professionals including various individuals and organizations gain an extra edge of competitiveness and help them identify the market trends and scope. The quality reports provided by the agency aims to make decision making easier for industry professionals and take firm decisions which helps them to form strategies after complete assessment of the market. Some of the industries under focus include healthcare & pharmaceuticals, ICT & Telecom, automotive and transportation, energy and power, chemicals, FMCG, food and beverages, aerospace and defense and others. Kenneth Research also focuses on strategic business consultancy services and offers a single platform for the best industry market research reports.

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