MARKET OUTLOOK
This research report on the Asia-Pacific asset tracking market predicts the market to progress at a CAGR of 13.82% during the projected years 2019-2028. South Korea, India, China, Japan, Australia & New Zealand, ASEAN countries, and Rest of APAC collectively outline the market in this region.In India, the asset tracking market is expected to grow at a rapid pace owing to the development in the logistics industry. Additionally, the strong logistics sector holds the potential to propel the country’s target to become a manufacturing giant through government initiatives, such as ‘Make in India’. Although, the slow deployment of new technologies is negatively impacting the logistics sector’s growth. In such a scenario, the adoption of asset tracking solutions helps resolve such problems by tracking the transported goods and gathering data insights from these goods. Hence, the logistics industry’s growth is likely to open several opportunities for the Indian asset tracking market’s expansion.
In the Rest of Asia-Pacific, Thailand’s transportation and logistics sector is developing at a rapid pace. This creates a high demand for transportation improvements and increases every industry’s reliance on transportation and logistics infrastructure. Moreover, the country’s transportation and logistics sector display a strong potential to drive future trade, travel, and investment trends. Furthermore, the expansion of air transport, high-speed rails, and other infrastructure projects are expected to motivate economic growth in the upcoming years. Hence, the logistics sector's growth helps increase the demand for asset tracking solutions, boosting the asset tracking market’s progress in Thailand.
COMPETITIVE OUTLOOK
The major companies in this market include Asset Panda LLC, Verizon Communications Inc, CloudHawk, Azuga, Hilti, Oracle Corporation, and Tenna.Table of Contents
1. Asia-Pacific Asset Tracking Market - Summary
2. Industry Outlook
3. Asia-Pacific Asset Tracking Market Outlook - by Type
4. Asia-Pacific Asset Tracking Market Outlook - by End-User
5. Asia-Pacific Asset Tracking Market - Regional Outlook
6. Competitive Landscape
7. Methodology & Scope
List of Tables
List of Figures
Companies Mentioned
A selection of companies mentioned in this report includes:
- Asset Panda LLC
- AT&T Inc
- Azuga
- Cloudhawk
- Fleet Complete
- Gigatrak
- Hilti
- Onasset Intelligence Inc
- Oracle Corporation
- Spireon Inc
- Tenna
- Trimble Inc
- Ubisense Group plc
- Verizon Communications Inc
- Zebra Technologies Corporation
Methodology
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