Thursday 7 May 2020

Asset Management System Market by Solution (RFID, RTLS, GPS and Barcode) - Global Forecast to 2022


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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