Asset
management solutions have been implemented to manage assets in various
industries such as healthcare, retail, hospitality, transportation and
logistics, industrial manufacturing, process industries among others.
Automotive, aerospace, heavy engineering and machinery are the key sectors in
industrial manufacturing where different asset management systems are deployed
in many applications such as inspection, identification, tool tracking, and
staff monitoring among others. The asset management system market is expected to reach USD 25.55 Billion by 2022,
at a CAGR of 15.17% between 2016 and 2022. Optimum utilization of the asset
during the assets’ lifecycle results in effective cost saving. This factor is
expected to drive the growth of the asset management system market.
Zebra
Technologies Corporation (U.S.), Stanley Black and Decker Inc. (U.S.),
Honeywell International Inc. (U.S.), Trimble Inc. (U.S.), and TomTom
International BV (Netherlands) are some of the leading players in the asset
management system market. New product launches, partnerships and agreements,
and collaborations are the key strategies used by major players to gain a
competitive edge in the asset management system market.
Zebra
Technologies Corporation (U.S.) has a leadership position in many categories of
the asset management system market. The company has broad product portfolio
with a strong presence in Real-Time Location System (RTLS), mobile scanners,
and barcode scanners. The company has established a strong brand name owing to
its innovation capabilities, product excellence, and quality of products. The
company largely focuses on new product launches. For instance, in June 2015,
the company launched Zebra OneCare, a
portfolio of support services that maximize the uptime and availability of
Zebra mobile computers, printers,
"https://www.zebra.com/us/en/products/scanners.html">barcode scanners,
and RFID solutions. This brand new flexible offering enables partners to
increase their revenue and strengthen the relationship with their clients.
Honeywell
International Inc. (U.S.) is one of the leading players in the asset management
system market. The company is actively involved in improving its product
portfolio by introducing new products to ensure its growth in the asset
management systems market. For instance, in July 2016, the company’s Honeywell
Scanning & Mobility (HSM) division launched N6600 Series Ultra-Slim Area
Imaging Engine and its miniature decoding board Mini DB, which together
facilitates small mobile devices to rapidly and precisely capture data from
barcodes. The product is also designed for harsh environments, thus is capable
to read the most scratched barcodes. This product is also being used
effectively in the retail and logistics segment. The contemporary features of
this product enables the company to gain a competitive advantage in the asset
management system market.
The
other companies involved in the development of the asset management system
market include Sato Holdings Corporation
(Japan), Datalogic S.p.A (Italy), Ubisense Group Plc. (U.K.), Topcon
Corporation (Japan), Impinj, Inc.
(U.S.), and Mojix Inc. (U.S.).
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