Market Overview:
The Global Inventory Tracking System Market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for inventory tracking systems across different industries, such as retail, transportation and logistics, and manufacturing. The market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into tracking devices, software, and service. The tracking devices segment dominated the global inventory tracking system market in 2017 owing to its wide adoption by various industries for asset tagging applications. However, with advancements in technology and growing demand for cloud-based solutions among small businesses worldwide; software is expected to witness highest growth rate during the forecast period from 2018 to 2030. On the basis of application; asset tagging accounted for majority share in 2017 followed by maintenance & audit and monitoring segments respectively owing to its widespread adoption across different industrial verticals for better management of physical assets & resources .
Product Definition:
Inventory tracking system is a software that helps businesses track the inventory levels of their products and make decisions about when to order more product, when to produce products, and how much storage space is needed. It can also help identify products that are selling well so that the business can focus on producing more of those items.
Tracking devices:
Tracking devices are the tools that help in maintaining and tracking the inventory. It can be in terms of hardware or software. The most commonly used tracking devices are barcode scanners, RFID tags, GPS modules and other similar technologies.
Software:
Software is the set of instructions which helps in carrying out a specific task or series of tasks. In case of inventory tracking system, software helps in maintaining records and ensuring that there is no theft or loss. It also provides information to manage the inventory efficiently.
In what ways does it help an organization? It helps in reducing labor costs since it reduces manual counting.
Application Insights:
The monitoring application segment dominated the global inventory tracking system market in 2017. This can be attributed to the rising adoption of these systems for financial as well as physical asset management. The tracking and monitoring applications are considered vital parts of any inventory management solution, owing to their key functions such as providing real-time visibility into asset locations and status, generating reports on a periodic basis, alerting users when an asset is moved or damaged etc. These applications also offer mobile access to the information pertaining to movable assets so that they can be retrieved at any given time with just a few taps on a screen.
The other application segment includes solutions such as RFID technology for scanning and identifying tags attached onto various types of products (movable & non-movable) throughout the supply chain process from manufacturing units till delivery at customer end which provides enhanced data accuracy by enabling automatic data capture (ADC).
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to various factors such as increasing government initiatives, rising need for inventory management and tracking solutions, and growing adoption of RFID technology in this region. Moreover, presence of major players with extensive distribution networks also contributes toward regional growth.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to increasing demand from retail sector for inventory tracking systems in countries such as China.
Growth Factors:
- Increasing demand for inventory tracking systems from small and medium-sized businesses (SMBs) due to the benefits of such systems, such as improved accuracy, efficiency, and visibility of inventory.
- The increasing popularity of cloud-based inventory tracking systems, which are easier to deploy and manage than traditional on-premises solutions. This is helping to drive wider adoption of these systems among businesses of all sizes.
- The growing use of RFID technology in inventory tracking applications, thanks to its ability to provide real-time location information for individual items as well as track the movement history of items throughout the supply chain.
- The increasing focus on supply chain transparency and traceability among retailers and other consumer goods companies in order to improve product quality and safety while reducing waste and improving customer satisfaction levels .
Scope Of The Report
Report Attributes
Report Details
Report Title
Inventory Tracking System Market Research Report
By Type
Tracking devices, Software, Service
By Application
Asset tagging, Maintenance & audit, Monitoring, Tracking, Others
By Companies
A2B Tracking Solutions, Inc, Asset Management International, AT&T INC, Barcodes, Inc, CYBRA Corporation, MASS Group Inc, Ventipix, Wasp Barcode Technologies, Windward Software, ZIH Corp
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Inventory Tracking System Market Report Segments:
The global Inventory Tracking System market is segmented on the basis of:
Types
Tracking devices, Software, Service
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Asset tagging, Maintenance & audit, Monitoring, Tracking, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- A2B Tracking Solutions, Inc
- Asset Management International
- AT&T INC
- Barcodes, Inc
- CYBRA Corporation
- MASS Group Inc
- Ventipix
- Wasp Barcode Technologies
- Windward Software
- ZIH Corp
Highlights of The Inventory Tracking System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Tracking devices
- Software
- Service
- By Application:
- Asset tagging
- Maintenance & audit
- Monitoring
- Tracking
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Inventory Tracking System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An inventory tracking system is a computerized system used to track the quantities of products in an organization. The system can be used to manage inventories, order and shipment processes, and financial records.
Some of the key players operating in the inventory tracking system market are A2B Tracking Solutions, Inc, Asset Management International, AT&T INC, Barcodes, Inc, CYBRA Corporation, MASS Group Inc, Ventipix, Wasp Barcode Technologies, Windward Software, ZIH Corp.
The inventory tracking system market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Inventory Tracking System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Inventory Tracking System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Inventory Tracking System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Inventory Tracking System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Inventory Tracking System Market Size & Forecast, 2020-2028
4.5.1 Inventory Tracking System Market Size and Y-o-Y Growth
4.5.2 Inventory Tracking System Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Tracking devices
5.2.2 Software
5.2.3 Service
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Asset tagging
6.2.2 Maintenance & audit
6.2.3 Monitoring
6.2.4 Tracking
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Inventory Tracking System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Inventory Tracking System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Tracking devices
9.6.2 Software
9.6.3 Service
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Asset tagging
9.10.2 Maintenance & audit
9.10.3 Monitoring
9.10.4 Tracking
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Tracking devices
10.6.2 Software
10.6.3 Service
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Asset tagging
10.10.2 Maintenance & audit
10.10.3 Monitoring
10.10.4 Tracking
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Tracking devices
11.6.2 Software
11.6.3 Service
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Asset tagging
11.10.2 Maintenance & audit
11.10.3 Monitoring
11.10.4 Tracking
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Tracking devices
12.6.2 Software
12.6.3 Service
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Asset tagging
12.10.2 Maintenance & audit
12.10.3 Monitoring
12.10.4 Tracking
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Tracking devices
13.6.2 Software
13.6.3 Service
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Asset tagging
13.10.2 Maintenance & audit
13.10.3 Monitoring
13.10.4 Tracking
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Inventory Tracking System Market: Competitive Dashboard
14.2 Global Inventory Tracking System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 A2B Tracking Solutions, Inc
14.3.2 Asset Management International
14.3.3 AT&T INC
14.3.4 Barcodes, Inc
14.3.5 CYBRA Corporation
14.3.6 MASS Group Inc
14.3.7 Ventipix
14.3.8 Wasp Barcode Technologies
14.3.9 Windward Software
14.3.10 ZIH Corp
