Transparency Market Research
Real time tracking management system is a combination of hardware and software solutions used to automatically detect and track the real time location of an individual or object located indoor or in a contained area. Over the last few years, real time tracking management systems are being broadly adopted and installed across various end use verticals such as automotive, logistics, aerospace, and defense. Over the period 2014 - 2017, real time tracking management systems have proliferated extensively into the market. The system bridges the gap between field service and office desk tasks and enables a flawless and efficient communication network between a remote operator and the object or an individual. In transportation and logistics industry, implementation of a real time tracking management system helps an organization to monitor and manage its supply chain. By monitoring real time flow of goods and vehicle fleet, the organization can take corrective actions to strengthen its supply chain. This in turn helps industries to flourish. Aerospace and defense are among the most lucrative markets for real time tracking management systems since these systems are highly required across aerospace and defense industry. The automotive industry is anticipated to create lucrative market opportunities for the real time tracking management system market. Fleet management operations are expected to drive the real time tracking management system market across the domestic and international market. Installation of tracking and tracing devices across public transport systems is expected to bolster the real time tracking management system market in the near future. Further, government initiatives to add utility to public services is creating scope for the deployment of tracking and management solutions, thus driving the global market. However, cyber security threats and data breaches are likely to hinder the market growth in near future. IoT proliferation is anticipated to create various opportunities for the market during the forecast period 2018 – 2026.
The real time tracking management system market is segmented based on various parameters such as component, application, and end-user industry. Each of these categorizations is vital to ascertain the progress of the market. By component, the real time tracking management system market is segmented as hardware, software, and services. The hardware segment is further sub segmented as sensor, camera, receiver, antenna and others. Likewise, the software segment of the market is cross segmented as on premise and cloud. The service segment includes professional and managed services. In terms of application, the real time tracking management system market is categorized into security, analytics, research, warehouse management, supply chain management, and others. By end-user industry, the global market is divided into aerospace and defense, retail, transportation and logistics, pharmaceutical, education, manufacturing, oil & gas, mining and others.
Based on geographic region, the global real time tracking management system market is categorized as South America (SA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and North America (NA). The real time tracking management system market analysis covers major countries from various geographic regions, such as Canada and the U.S. across NA. Analysis of the U.K., Germany, and France is covered under the European region. APAC comprises Australia, Japan, China, and India. Middle East & Africa includes market analysis across GCC countries, South Africa, and Rest of Middle East & Africa. Furthermore, the South America real time tracking management system market is analyzed across Brazil and Rest of South America.
The players active in the global real time tracking management system market are anticipated to revolutionize their solution offerings to garner significant market shares. The leading players include Concox™ Information Technology Co., Ltd., Wireless Solution Co.,Laird PLC, CalAmp Corp, TomTom International BV, Teltonika UAB, Sierra Wireless Inc., Meitrack Group, Geotab Inc., ATrack Technology Inc, Ltd., Trackimo LLC., and Orbcomm.
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