Report ID : 10307133 |
Published Date : 21 Oct 2022 |
Report Format : PDF,PPT |
Delivery Timeline :48-72 Business Hours
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
Check-In/Check-Out
Repair & Maintenance
by Solution:
Radio Frequency Identification (RFID)
Real-Time Location System (RTLS)
Global Positioning System (GPS)
by Industry:
Retail
Healthcare
Transportation and Logistics
Hospitality
By Regional Ananlysis
North America
*U.S.
*Canada
Europe
*Germany
*UK
*France
*Italy
*Spain
*Belgium
*Russia
*Netherlands
*Rest of Europe
Asia-Pacific
*China
*India
*Japan
*Korea
*Singapore
*Malaysia
*Indonesia
*Thailand
*Philippines
*Rest of Asia-Pacific
Latin America
*Brazil
*Mexico
*Argentina
*Rest of LATAM
Middle East & Africa
*UAE
*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.
<
