The Global Tracking-as-a-Service Market 2016-2020 is a new research report added to SandlerResearch.org. Customers prefer monitoring services through PaaS owing to cost factors. Most customers lease electronic monitoring devices on a per day basis. The average daily rate ranges from $2 to $15, depending on the types of services offered and devices used. The high costs involved in the long term have forced customers to use low-cost models or to shift from CAPEX to OPEX for tracking and monitoring services offered through PaaS.
Complete report on tracking-as-a-service market spread across 66 pages, analyzing 4 major companies and provides 18 data exhibits is now available at http://www.sandlerresearch.org/global-tracking-as-a-service-market-2016-2020.html .
The analysts forecast global tracking-as-a-service market to grow at a CAGR of 25.78% during the period 2016-2020. According to the report, the rising numbers of passenger and freight vehicles that power transportation and global commerce around the world should exert a positive impact on the fleet management industry. Fleet management relies on transportation and complies with government legislation. Companies outsource their fleet management services to minimize the risks associated with vehicle investments. In addition, fleet management helps companies improve efficiency and productivity and reduce the costs for transportation and payroll.
In this market study, analysts have estimated the Americas to account for a market share of more than 72% during the forecast period. Factors such as the growing demand for personal tracking and the introduction of stringent government mandates that necessitates GPS tracking for private passenger vehicles are the primary drivers of the market growth in this region.
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The global tracking-as-a-service market is in its developmental stage and will to grow significantly over the next few years. The high level of vendor competition in this market has led to an increased number of mergers and acquisitions. To survive and succeed in this market, the vendors have to increase their profitability by offering value-added services like analytics services and training services to address the available opportunities and risks.
Global Tracking-as-a-Service Market key players are DigiCore Holdings, Trimble Navigation, Verizon Enterprise Solutions, and Zebra Technologies. Other Prominent Vendors in the market are: AT&T, Blackline GPS, Ekahau, Fleetmatics, Geotab, Globalstar, ID Systems, Location Labs, LoJack, Masternaut UK, Maven Systems, Mix Telematics, Motorola Solutions, Navizon, Omnilink Systems, Pointer Telocation, Quuppa, Ryder System, SensorLogic, SoloProtect UK, Sprint, Telogis, TomTom International, Track Group, and Trinetra.Further, the report states that the shortage of skilled labor is currently one of the prime concerns in the spa industry. One of the main reasons for this shortage, which is particularly significant at the management level, is the lack of competitive training.
Further, the report states that privacy concerns and security issues pose major threats to the adoption of tracking and monitoring technologies.
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