Tracking as a Service Market Recent Trends, Future Growth Analysis Forecasts 2027|Motorola Solutions, Wabco, AT&T

The global Tracking as a Service market size is projected to reach US$ 5.4 Billion by 2027, at a CAGR of 15.2% during 2021-2027. The tracking-as-a-service market is expected to grow significantly during the projected period, owing to an increased demand for improved fleet operator efficiency systems. Furthermore, the advent of eye-tracking devices, combined with an increase in the use of smartphone technology, is likely to boost market expansion. Furthermore, the market is predicted to rise due to a significant increase in the number of investments in improved logistics and supply chain management systems. The adoption of internet-of-things-based application in healthcare, retail, manufacturing, and other industries is rapidly increasing, providing lucrative growth potential for the tracking-as-a-service industry.

North America, particularly the United States, continues to be a major player in the worldwide tracking-as-a-service market. The market in this region is being driven by a surge in government initiatives. For example, the United States government intends to introduce a national infrastructure bill. The mission is expected to improve the retail industry's transportation infrastructure, assisting the market's growth.

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Top Key Players Included in Tracking as a Service Market Report: Motorola Solutions, Wabco, AT&T, Zebra Technologies, Verizon, Geotab, Blackline Safety, Spidertracks, Honeywell, Trimble

The global Tracking as a Service market research includes a consistent biography as well as information on the market situation among market players' goods. The study's scope includes in-depth analyses of global and regional markets, as well as the implications for industry growth in specific regions. The market research report includes data on industrial production, market sales, investment calculation, development potential, regional economy, and other major market factors. The study looks at product specs, product technology, and manufacturing analysis, among other things. All of these assessments are based on market data from the past.

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Tracking as a Service Market segment by Type:
Cloud-based
On-premise

Tracking as a Service Market segment by Application:
Manufacturing
E-commerce
Retail
Logistics
Others

COVID-19's growing prevalence is expected to have an impact on Tracking as a Service market growth throughout the predicted period. During the early stages of the pandemic, the majority of medical device companies reduced or stopped manufacturing and supplying products, generating considerable losses and impeding the market. However, because the pandemic's epicenter is also the industrial hub, there was an imbalance in demand and supply as the COVID-29 outbreak progressed. Several new companies have joined the market to cover the demand-supply gap and benefit from the rising demand, capturing a large portion of the industry.

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