Future Market Insights (FMI) offers 10-year market forecast on the global mobile tracking solution market in its new report, “Mobile Tracking Solution Market: Global Industry Analysis and Opportunity Assessment 2015-2025”. According to the report, mobile tracking solutions are gaining traction globally owing to their wide-ranging applications, such as in tracking military assets, medical assets, and construction assets.
What’s Driving the Global Mobile Tracking Solution Market
Automation, advancement in Internet of Things (IoT), and focus of both the government and private sector on continuous monitoring are the key factors driving the growth of the mobile tracking solution market. Further, use of mobile tracking solution in asset depreciation and cost data for accounting purposes is also fuelling the growth of the market globally.
Lack of connectivity features in developing countries can impede the growth of the market during the forecast period. Also, high cost of mobile tracking solution can impede the growth of the market in the future.
Mobile Tracking Solution Market Segmentation
FMI’s report offers 10-year market forecast on the basis of key regions, technology, and vertical. On the basis of technology, FMI has segmented the global mobile tracking solution market into GPS and RFID.
The report has also segmented the global mobile tracking solution market on the basis of key verticals into the following sectors,
Transport and logistics
Energy and utility
Banking, financial services, and utility (BFSI)
Globally, North America and Western Europe are the lucrative regions for mobile tracking solution in the future, whereas Asia Pacific excluding Japan (APEJ) is forecasted to offer growth opportunities to vendors.
Leading providers in the global mobile tracking solution market are expected to focus on product innovation and broaden their distribution channels in a bid to appeal to global markets.
Mergers and acquisition is another key strategy followed by leading players in the mobile tracking solution market, as a number of smaller players that are concentrated in a specific area help the bigger players with analytics and logistics.
Mobile Tracking Solution Market: Key Players
Some of the leading players in the global mobile tracking solution market include Mobile Asset Solutions., Barcodes, Inc., Vix Technology, NFC Group, Verizon, Spireon, Inc., Wavetrend Ltd., Wasp Barcode Technologies., ORBCOMM Inc., and Libelium Comunicaciones Distribuidas S.L etc.
The benefits of mobile tracking solutions were felt recently when Novatel Wireless and NetMotion Wireless kept the Nevada Highway Patrol moving consistently with their secure IoT solutions.
The information presented in this article is based on an upcoming report by Future Market Insights (FMI). The report titled, “Mobile Tracking Solution Market: Global Industry Analysis and Opportunity Assessment 2015-2025.” You can avail a free sample of the report at http://www.futuremarketinsights.com/reports/sample/rep-gb-578
Future Market Insights (FMI) is a premier provider of syndicated research reports, custom research reports, and consulting services. We deliver a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, aerial view of the competitive framework, and future market trends.
Mr. Sudip Saha