The asset
management system market is expected to reach USD 25.55 Billion by
2022, at a CAGR of 15.17%
By
Asset Type, RTLS is expected to grow at the highest CAGR during the forecast
period
The associated benefits, along with ROIs in a
short payback period, have increased the horizon of different technologies in
several industries. Asset management system based on the GPS, RTLS, RFID, and
barcode technologies are being deployed in various industries such as transport
and logistics, healthcare, industrial manufacturing, retail, hospitality, and oil
and gas.
The retail industry is expected to hold the
largest share of the AMS market in 2016. The market for the retail industry is
expected to grow at the highest CAGR during the forecast period. Inventory
management, asset tracking, shelf stocking, checkout process management,
promotional tracking, and counterfeiting elimination are some key applications
of AMSs in the retail industry, including departmental stores and supermarkets.
Yard management, fleet optimization,
container tracking, driver behavior monitoring, and security are some key
applications of AMSs in the transport and logistics industry. Benefits of these
systems such as workflow automation, reduced operation costs, and real-time
updates about vehicles are expected to drive the AMS market for the transport
and logistics industry during the forecast period. GPS technology is most
widely used in the transport and logistics industry.
Zebra
Technologies Corporation (US), Stanley Black & Decker
Inc. (US), Ubisense Group Plc.
(UK), Sato Holdings Corporation (Japan), Honeywell International
Inc. (US), Trimble Inc. (US), Datalogic S.P.A. (Italy), Topcon Corporation
(Japan), Tomtom International BV (Netherlands), Impinj Inc. (US), Mojix Inc.
(US)
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