The North America Tracking As A Service Market would witness market growth of 16.6% CAGR during the forecast period (2023-2030).
The significant increase in the adoption of internet-of-things-based applications in healthcare, retail, manufacturing, and other industries presents lucrative growth opportunities for the market. Tracking as a service is an advanced tracking system designed to give stakeholders a competitive advantage by predicting future trends using records and data about investors, assets, and the most recent developments. Moreover, tracking as a service based on a cloud platform is intended to assist industries in enhancing day-to-day business activities and evaluating company workflow. The emergence of next generation tracking as a service is a crucial instrument for ensuring that an organization achieves its goals effectively. In addition, the retail and manufacturing industries are adopting more automation technology due to increased demand for cloud-based solutions like tracking as a service. Demand for tracking as a service will rise in coming years due to the growing need for fleet operator efficiency systems.
The primary market trends for tracking as a service include the emergence of eye-tracking system technology and the surge in demand for next-generation smart technology, such as real-time tracking systems, in the retail, healthcare, and manufacturing sectors. During the forecast period, an increase in the adoption of IoT-based technology is anticipated to create lucrative opportunities for the market. The Internet of Things refers to the network of interconnected devices and sensors that collect and exchange data over the Internet. IoT has grown significantly in various industries, including logistics, agriculture, healthcare, and manufacturing. IoT devices often include tracking capabilities for assets, vehicles, and people. Companies offering IoT solutions often provide tracking services as part of their offerings. Asset tracking involves monitoring the location and status of valuable assets such as vehicles, equipment, or inventory. It is commonly used in logistics, supply chain management, and transportation.
North America's logistics and supply chain industry has been an early adopter of TaaS solutions. These solutions offer real-time visibility into the movement of goods, optimizing routes, reducing costs, and ensuring timely deliveries. The rapid growth of e-commerce, especially in the United States, has driven the need for efficient last-mile delivery services. TaaS solutions are crucial in optimizing delivery routes and providing customers real-time tracking updates. Healthcare organizations in North America have adopted TaaS for various applications, including patient monitoring, asset tracking, and supply chain optimization. Due to this, the market will grow significantly in this region.
The US market dominated North America Tracking As A Service Market, By Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $5,188.8 million by 2030. The Canada market is registering a CAGR of 19.2% during (2023 - 2030). Additionally, The Mexico market would showcase a CAGR of 18.2% during (2023 - 2030).
Based on Component, the market is segmented into Software, and Services. Based on Asset Type, the market is segmented into Manufacturing Assets, In-transit Equipment, Electronics & IT Assets, and Others. Based on Enterprise Size, the market is segmented into Large Enterprises, and Small & Medium Enterprises. Based on Industry, the market is segmented into Manufacturing, Transportation & Logistics, Food & Beverage, Healthcare & Lifesciences, IT & Telecom, Retail, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Tracking As A Service Market is Predict to reach $22.1 Billion by 2030, at a CAGR of 17.5%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Rockwell Automation, Inc., Infor, Inc. (Koch Industries), Midmark Corporation, Sortly Inc. , EZO, PCCW Limited , MicroMain Corporation (JDM Technology Group Inc.), Trimble, Inc., Mojix, Inc. (Peak Rock Capital),Finale Inventory, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Component
By Asset Type
- Manufacturing Assets
- In-transit Equipment
- Electronics & IT Assets
- Others
By Enterprise Size
- Large Enterprises
- Small & Medium Enterprises
By Industry
- Manufacturing
- Transportation & Logistics
- Food & Beverage
- Healthcare & Lifesciences
- IT & Telecom
- Retail
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Rockwell Automation, Inc.
- Infor, Inc. (Koch Industries)
- Midmark Corporation
- Sortly Inc.
- EZO
- PCCW Limited
- MicroMain Corporation (JDM Technology Group Inc.)
- Trimble, Inc.
- Mojix, Inc. (Peak Rock Capital)
- Finale Inventory, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Tracking As A Service Market, by Component
1.4.2 North America Tracking As A Service Market, by Asset Type
1.4.3 North America Tracking As A Service Market, by Enterprise Size
1.4.4 North America Tracking As A Service Market, by Industry
1.4.5 North America Tracking As A Service Market, by Country
1.5 Methodology for the research
Chapter 2. Market At a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.3 Porter’s Five Force Analysis
Chapter 4. North America Tracking As A Service Market, By Component
4.1 North America Software Market, By Country
4.2 North America Services Market, By Country
Chapter 5. North America Tracking As A Service Market, By Asset Type
5.1 North America Manufacturing Assets Market, By Country
5.2 North America In-transit Equipment Market, By Country
5.3 North America Electronics & IT Assets Market, By Country
5.4 North America Other Asset Type Market, By Country
Chapter 6. North America Tracking As A Service Market, By Enterprise Size
6.1 North America Large Enterprises Market, By Country
6.2 North America Small & Medium Enterprises Market, By Country
Chapter 7. North America Tracking As A Service Market, By Industry
7.1 North America Manufacturing Market, By Country
7.2 North America Transportation & Logistics Market, By Country
7.3 North America Food & Beverage Market, By Country
7.4 North America Healthcare & Lifesciences Market, By Country
7.5 North America IT & Telecom Market, By Country
7.6 North America Retail Market, By Country
7.7 North America Others Market, By Country
Chapter 8. North America Tracking As A Service Market, By Country
8.1 US Tracking As A Service Market
8.1.1 US Tracking As A Service Market, By Component
8.1.2 US Tracking As A Service Market, By Asset Type
8.1.3 US Tracking As A Service Market, By Enterprise Size
8.1.4 US Tracking As A Service Market, By Industry
8.2 Canada Tracking As A Service Market
8.2.1 Canada Tracking As A Service Market, By Component
8.2.2 Canada Tracking As A Service Market, By Asset Type
8.2.3 Canada Tracking As A Service Market, By Enterprise Size
8.2.4 Canada Tracking As A Service Market, By Industry
8.3 Mexico Tracking As A Service Market
8.3.1 Mexico Tracking As A Service Market, By Component
8.3.2 Mexico Tracking As A Service Market, By Asset Type
8.3.3 Mexico Tracking As A Service Market, By Enterprise Size
8.3.4 Mexico Tracking As A Service Market, By Industry
8.4 Rest of North America Tracking As A Service Market
8.4.1 Rest of North America Tracking As A Service Market, By Component
8.4.2 Rest of North America Tracking As A Service Market, By Asset Type
8.4.3 Rest of North America Tracking As A Service Market, By Enterprise Size
8.4.4 Rest of North America Tracking As A Service Market, By Industry
Chapter 9. Company Profiles
9.1 Rockwell Automation, Inc.
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expenses
9.1.5 SWOT Analysis
9.2 Infor, Inc. (Koch Industries)
9.2.1 Company Overview
9.2.2 SWOT Analysis
9.3 Midmark Corporation
9.3.1 Company Overview
9.3.2 SWOT Analysis
9.4 Sortly Inc.
9.4.1 Company Overview
9.4.2 SWOT Analysis
9.5 EZO
9.5.1 Company Overview
9.5.2 SWOT Analysis
9.6 PCCW Limited
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 SWOT Analysis
9.7 MicroMain Corporation (JDM Technology Group Inc.)
9.7.1 Company Overview
9.7.2 SWOT Analysis
9.8 Trimble, Inc.
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expenses
9.8.5 SWOT Analysis
9.9 Mojix, Inc. (Peak Rock Capital)
9.9.1 Company Overview
9.9.2 Recent strategies and developments:
9.9.2.1 Product Launches and Product Expansions:
9.9.3 SWOT Analysis
9.10. Finale Inventory, Inc.
9.10.1 Company Overview
9.10.2 SWOT Analysis
TABLE 1 North America Tracking As A Service Market, 2019 - 2022, USD Million
TABLE 2 North America Tracking As A Service Market, 2023 - 2030, USD Million
TABLE 3 North America Tracking As A Service Market, By Component, 2019 - 2022, USD Million
TABLE 4 North America Tracking As A Service Market, By Component, 2023 - 2030, USD Million
TABLE 5 North America Software Market, By Country, 2019 - 2022, USD Million
TABLE 6 North America Software Market, By Country, 2023 - 2030, USD Million
TABLE 7 North America Services Market, By Country, 2019 - 2022, USD Million
TABLE 8 North America Services Market, By Country, 2023 - 2030, USD Million
TABLE 9 North America Tracking As A Service Market, By Asset Type, 2019 - 2022, USD Million
TABLE 10 North America Tracking As A Service Market, By Asset Type, 2023 - 2030, USD Million
TABLE 11 North America Manufacturing Assets Market, By Country, 2019 - 2022, USD Million
TABLE 12 North America Manufacturing Assets Market, By Country, 2023 - 2030, USD Million
TABLE 13 North America In-transit Equipment Market, By Country, 2019 - 2022, USD Million
TABLE 14 North America In-transit Equipment Market, By Country, 2023 - 2030, USD Million
TABLE 15 North America Electronics & IT Assets Market, By Country, 2019 - 2022, USD Million
TABLE 16 North America Electronics & IT Assets Market, By Country, 2023 - 2030, USD Million
TABLE 17 North America Other Asset Type Market, By Country, 2019 - 2022, USD Million
TABLE 18 North America Other Asset Type Market, By Country, 2023 - 2030, USD Million
TABLE 19 North America Tracking As A Service Market, By Enterprise Size, 2019 - 2022, USD Million
TABLE 20 North America Tracking As A Service Market, By Enterprise Size, 2023 - 2030, USD Million
TABLE 21 North America Large Enterprises Market, By Country, 2019 - 2022, USD Million
TABLE 22 North America Large Enterprises Market, By Country, 2023 - 2030, USD Million
TABLE 23 North America Small & Medium Enterprises Market, By Country, 2019 - 2022, USD Million
TABLE 24 North America Small & Medium Enterprises Market, By Country, 2023 - 2030, USD Million
TABLE 25 North America Tracking As A Service Market, By Industry, 2019 - 2022, USD Million
TABLE 26 North America Tracking As A Service Market, By Industry, 2023 - 2030, USD Million
TABLE 27 North America Manufacturing Market, By Country, 2019 - 2022, USD Million
TABLE 28 North America Manufacturing Market, By Country, 2023 - 2030, USD Million
TABLE 29 North America Transportation & Logistics Market, By Country, 2019 - 2022, USD Million
TABLE 30 North America Transportation & Logistics Market, By Country, 2023 - 2030, USD Million
TABLE 31 North America Food & Beverage Market, By Country, 2019 - 2022, USD Million
TABLE 32 North America Food & Beverage Market, By Country, 2023 - 2030, USD Million
TABLE 33 North America Healthcare & Lifesciences Market, By Country, 2019 - 2022, USD Million
TABLE 34 North America Healthcare & Lifesciences Market, By Country, 2023 - 2030, USD Million
TABLE 35 North America IT & Telecom Market, By Country, 2019 - 2022, USD Million
TABLE 36 North America IT & Telecom Market, By Country, 2023 - 2030, USD Million
TABLE 37 North America Retail Market, By Country, 2019 - 2022, USD Million
TABLE 38 North America Retail Market, By Country, 2023 - 2030, USD Million
TABLE 39 North America Others Market, By Country, 2019 - 2022, USD Million
TABLE 40 North America Others Market, By Country, 2023 - 2030, USD Million
TABLE 41 North America Tracking As A Service Market, By Country, 2019 - 2022, USD Million
TABLE 42 North America Tracking As A Service Market, By Country, 2023 - 2030, USD Million
TABLE 43 US Tracking As A Service Market, 2019 - 2022, USD Million
TABLE 44 US Tracking As A Service Market, 2023 - 2030, USD Million
TABLE 45 US Tracking As A Service Market, By Component, 2019 - 2022, USD Million
TABLE 46 US Tracking As A Service Market, By Component, 2023 - 2030, USD Million
TABLE 47 US Tracking As A Service Market, By Asset Type, 2019 - 2022, USD Million
TABLE 48 US Tracking As A Service Market, By Asset Type, 2023 - 2030, USD Million
TABLE 49 US Tracking As A Service Market, By Enterprise Size, 2019 - 2022, USD Million
TABLE 50 US Tracking As A Service Market, By Enterprise Size, 2023 - 2030, USD Million
TABLE 51 US Tracking As A Service Market, By Industry, 2019 - 2022, USD Million
TABLE 52 US Tracking As A Service Market, By Industry, 2023 - 2030, USD Million
TABLE 53 Canada Tracking As A Service Market, 2019 - 2022, USD Million
TABLE 54 Canada Tracking As A Service Market, 2023 - 2030, USD Million
TABLE 55 Canada Tracking As A Service Market, By Component, 2019 - 2022, USD Million
TABLE 56 Canada Tracking As A Service Market, By Component, 2023 - 2030, USD Million
TABLE 57 Canada Tracking As A Service Market, By Asset Type, 2019 - 2022, USD Million
TABLE 58 Canada Tracking As A Service Market, By Asset Type, 2023 - 2030, USD Million
TABLE 59 Canada Tracking As A Service Market, By Enterprise Size, 2019 - 2022, USD Million
TABLE 60 Canada Tracking As A Service Market, By Enterprise Size, 2023 - 2030, USD Million
TABLE 61 Canada Tracking As A Service Market, By Industry, 2019 - 2022, USD Million
TABLE 62 Canada Tracking As A Service Market, By Industry, 2023 - 2030, USD Million
TABLE 63 Mexico Tracking As A Service Market, 2019 - 2022, USD Million
TABLE 64 Mexico Tracking As A Service Market, 2023 - 2030, USD Million
TABLE 65 Mexico Tracking As A Service Market, By Component, 2019 - 2022, USD Million
TABLE 66 Mexico Tracking As A Service Market, By Component, 2023 - 2030, USD Million
TABLE 67 Mexico Tracking As A Service Market, By Asset Type, 2019 - 2022, USD Million
TABLE 68 Mexico Tracking As A Service Market, By Asset Type, 2023 - 2030, USD Million
TABLE 69 Mexico Tracking As A Service Market, By Enterprise Size, 2019 - 2022, USD Million
TABLE 70 Mexico Tracking As A Service Market, By Enterprise Size, 2023 - 2030, USD Million
TABLE 71 Mexico Tracking As A Service Market, By Industry, 2019 - 2022, USD Million
TABLE 72 Mexico Tracking As A Service Market, By Industry, 2023 - 2030, USD Million
TABLE 73 Rest of North America Tracking As A Service Market, 2019 - 2022, USD Million
TABLE 74 Rest of North America Tracking As A Service Market, 2023 - 2030, USD Million
TABLE 75 Rest of North America Tracking As A Service Market, By Component, 2019 - 2022, USD Million
TABLE 76 Rest of North America Tracking As A Service Market, By Component, 2023 - 2030, USD Million
TABLE 77 Rest of North America Tracking As A Service Market, By Asset Type, 2019 - 2022, USD Million
TABLE 78 Rest of North America Tracking As A Service Market, By Asset Type, 2023 - 2030, USD Million
TABLE 79 Rest of North America Tracking As A Service Market, By Enterprise Size, 2019 - 2022, USD Million
TABLE 80 Rest of North America Tracking As A Service Market, By Enterprise Size, 2023 - 2030, USD Million
TABLE 81 Rest of North America Tracking As A Service Market, By Industry, 2019 - 2022, USD Million
TABLE 82 Rest of North America Tracking As A Service Market, By Industry, 2023 - 2030, USD Million
TABLE 83 Key Information – Rockwell Automation, Inc.
TABLE 84 Key Information – Infor, Inc.
TABLE 85 Key Information – Midmark Corporation
TABLE 86 Key Information – Sortly Inc.
TABLE 87 Key Information – EZO
TABLE 88 Key Information – PCCW Limited
TABLE 89 Key Information – MicroMain Corporation
TABLE 90 Key Information – Trimble, Inc.
TABLE 91 Key Information – Mojix, Inc.
TABLE 92 Key Information – Finale Inventory, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Tracking As A Service Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting the Tracking As A Service Market
FIG 4 Porter’s Five Force Analysis: Tracking As A Service Market
FIG 5 North America Tracking As A Service Market, share By Component, 2022
FIG 6 North America Tracking As A Service Market, share By Component, 2030
FIG 7 North America Tracking As A Service Market, By Component, 2019 - 2030, USD Million
FIG 8 North America Tracking As A Service Market, share By Asset Type, 2022
FIG 9 North America Tracking As A Service Market, share By Asset Type, 2030
FIG 10 North America Tracking As A Service Market, By Asset Type, 2019 - 2030, USD Million
FIG 11 North America Tracking As A Service Market, share By Enterprise Size, 2022
FIG 12 North America Tracking As A Service Market, share By Enterprise Size, 2030
FIG 13 North America Tracking As A Service Market, By Enterprise Size, 2019 - 2030, USD Million
FIG 14 North America Tracking As A Service Market, share By Industry, 2022
FIG 15 North America Tracking As A Service Market, share By Industry, 2030
FIG 16 North America Tracking As A Service Market, By Industry, 2019 - 2030, USD Million
FIG 17 North America Tracking As A Service Market, share By Country, 2022
FIG 18 North America Tracking As A Service Market, share By Country, 2030
FIG 19 North America Tracking As A Service Market, By Country, 2019 - 2030, USD Million
FIG 20 SWOT Analysis: Rockwell Automation, Inc.
FIG 21 SWOT Analysis: Infor, Inc.
FIG 22 SWOT Analysis: Midmark Corporation
FIG 23 SWOT Analysis: Sortly Inc.
FIG 24 SWOT Analysis: EZO
FIG 25 SWOT Analysis: PCCW Limited
FIG 26 SWOT Analysis: MicroMain Corporation
FIG 27 SWOT Analysis: Trimble, Inc.
FIG 28 SWOT Analysis: Mojix, Inc.
FIG 29 SWOT Analysis: Finale Inventory, Inc.