Global Asset Tracking and Inventory Management Solutions Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Asset Tracking and Inventory Management Solutions Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Asset Tracking and Inventory Management Solutions market finds that the global Asset Tracking and Inventory Management Solutions market reached a value of USD 15681.34 million in 2022. It’s expected that the market will achieve USD 28493.73 million by 2028, exhibiting a CAGR of 10.47% during the forecast period.

Influence of COVID-19 Outbreak on Asset Tracking and Inventory Management Solutions Industry Development

Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 100 countries around the globe with the World Health Organization declaring it a public health emergency.
COVID-19 is first and foremost, a global humanitarian challenge. Thousands of health professionals are heroically battling the virus, putting their own lives at risk. Governments and industry are working together to understand and address the challenge, support victims and their families and communities, and search for treatments and a vaccine.
COVID-19 has seen a consistent case decline in countries that had experienced rapid case growth early (esp. China, South Korea). However, cases outside of Asia are growing dramatically, driven primarily by complexes in Europe, the United States, and the Middle East.
In addition to the direct damage it does to human health, COVID-19 has a huge impact on the operation of the Asset tracking and inventory management solutions industry, of which the impact on the SMEs in the downstream application market is more obvious. The suspension of production not only exacerbates the shortage of funds for SMEs, but also reduces the solvency of enterprises and may affect production and sales. Some enterprises have fallen into business difficulties and even went bankrupt, thereby reducing or even suspending the Services of Asset tracking and inventory management solutions. Source: Maia Research Analysis.

Limitations

With the development of asset tracking and inventory management solutions, the functions of asset tracking and inventory management solutions have become more and more, bringing more benefits to customers, but also bringing complexity in configuration and operability. Therefore, simple configuration and operability have become challenges for the development of the asset tracking and inventory management solutions industry.
With the advancement and development of technology, the emergence of new alternatives may have an impact on the development of the asset tracking and inventory management solutions industry market.
On the whole, due to a lack of talents, the cost of labor costs will be on the rise. At the same time, due to the influence of trade policies, the price of products has undergone great changes, which has increased the cost of the industry.

Region Overview:

From 2023-2028, North America is estimated to witness robust growth prospects.

Company Overview:

Zebra Technologies Corp is one of the major players operating in the Asset Tracking and Inventory Management Solutions market, holding a share of 3.59% in 2020.

Zebra Technologies International, LLC was founded in 1969. The company's line of business includes the manufacturing of computer peripheral equipment.

Blue Yonder Inc., provides general construction services. The Company offers project management and project planning services to government agencies and private organizations.

Segmentation Overview:

Among different product types, Hardware segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Retail segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Asset Tracking and Inventory Management Solutions market covered in Chapter 3:

Stanley Black & Decker
Salesforce.com, inc
Sato Holdings Corp
Blue Yonder
EMS Barcode Solutions
ASAP Systems
Topcon Corp
GigaTrak
Chekhra Business Solutions
Lowry solutions
Oracle Corporation
Honeywell International
Zebra Technologies Corp
Epicor Software Corporation
Trimble
Datalogic SpA
Microsoft Corporation
Impinj
SAP SE

In Chapter 4 and Chapter 14.2, on the basis of types, the Asset Tracking and Inventory Management Solutions market from 2018 to 2029 is primarily split into:

Hardware
Software
Services

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Asset Tracking and Inventory Management Solutions market from 2018 to 2029 covers:

Retail
BFSI
IT & Telecom
Hospital
Transportation and Logistics
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)