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(I-SoftwareNews.Com, April 02, 2018 ) Global Asset Tracking Software Market Size, Status And Forecast 2022
The service segment includes managed service and professional service. Managed Services can be defined as active supervision of an information technology asset or object, by a third party known as a MSP, on behalf of the end-user. The operative distinction that sets apart a managed service program is the proactive delivery of their service, as compared to reactive IT services, which have been around for decades. The key drivers contributing to the growth of the managed services are rise in digital information, the need to secure it, increasing trend of bring your own devices, flexibility to match custom requirements, continuous upsurge in dependency over heterogeneous networks, and persistent rise in the complexity of technological solutions.
The prominent players in the asset tracking software market are – Zebra Technologies Corporation (U.S.), Stanley Black And Decker, Inc. (U.S.), Honeywell International, Inc. (U.S.), Datalogic S.P.A (Italy), Trimble Inc. (U.S.), Ubisense Group Plc. (U.K.), Mojix, Inc. (U.S.), Impinj, Inc. (U.S.) and others.
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According to the study, the asset tracking software market will show rapid growth in Europe region. Asia-Pacific market is estimated to be one of the fastest growing markets as it is continuously investing into research and development of asset tracking software market and growing complexity associated with managing asset is driving asset tracking software market in the region. Increasing population and growing IT landscape is boosting the market in the region.
The region is witnessing high adoption of asset tracking software tools by enterprises. Developing countries such as India and China are adopting asset tracking software tools at large scale owing to growing e-commerce and manufacturing sector from numerous industries and the need to designed efficient software for asset management of business is one of the prime factor that is boosting the market in the region. By vertical segment, retail and IT & telecommunication sector is driving the asset tracking software market. The region is witnessing high growth in asset tracking software market due to growing technological advancement in plant, machinery and software management.
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The segmentation on the basis of deployment includes cloud and on-premise. Cloud solution accounts for highest market share as it helps enterprises by minimizing cost associated with the IT infrastructure. Cloud solution enables enterprise to focus on core business competencies. It provides enterprises with data protection and security, efficiently manages storage and privacy issues, offers data integrity and provides information related to managing and coordinating business activities and helps in increasing the overall business productivity.
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Source: EmailWire.Com 
Source: EmailWire.com
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