The demand for mobile tracking solutions is expected to grow dramatically between 2022 and 2032, with a CAGR of over 20.0%, reaching a valuation of about US$ 322 billion. Increased demand across a number of end use verticals, such as shipping & container tracking and military asset tracking, is credited with growth.
Mobile tracking is the process of using various tools, also known as mobile tracking solutions, to determine the location of a mobile or any other entity remotely. For a real-time update on the location of mobile assets, these solutions use GPS or radio signals. Due to their capacity to locate mobile assets, mobile tracking solutions have seen significant growth across a range of industries.
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The mobile tracking solution market refers to the use of software tools and services to track the location and usage of mobile devices, such as smartphones and tablets. The market includes a range of solutions, such as mobile device management (MDM) software, mobile application management (MAM) software, mobile security software, and other mobile tracking and analytics tools.
The mobile tracking solution market has been growing rapidly in recent years, driven by the increasing adoption of mobile devices in both personal and professional settings. The market is expected to continue to grow as organizations seek to manage and secure their mobile devices and data, and as consumers become more concerned about their privacy and security when using mobile devices.
Overall, the mobile tracking solution market is expected to continue to grow in the coming years as the use of mobile devices becomes even more widespread and organizations seek to manage and secure these devices and the data they contain. However, the market is also likely to become increasingly competitive, as more vendors enter the space and existing vendors continue to expand their offerings to meet the evolving needs of their customers.
Market Competition
Some of the key participants present in the global mobile tracking solutions market include
- Wasp Barcode Technologies.,
- Mobile Asset Solutions.,
- Barcodes, Inc.,
- Wavetrend Ltd.,
- ORBCOMM Inc.,
- Verizon, Spireon, Inc.,
- NFC Group,
- Vix Technology, and
- Libelium Comunicaciones Distribuidas S.L among others.
Rising penetration of new entrants has made the market competition fiercer. In order to capitalize, market players are constantly introducing innovative solutions with advanced features.
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Key Segments Profiled in the Mobile Tracking Solution Industry Survey
Technology:
- RFID tags
- GPS
- Other technology
Vertical:
- Public sector
- Healthcare sector
- Banking financial services and insurance (BFSI) sector
- Transport and logistics sector
- Retail sector
- Commercial sector
- Industrial sector
- Energy & utility sector
- Manufacturing sector
- Other sectors
Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East & Africa
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