Dublin, Aug. 17, 2021 (GLOBE NEWSWIRE) -- The "Asset Tracking and AI in Supply Chain Management Market 2021 - 2026" report has been added to ResearchAndMarkets.com's offering.
AI in SCM solutions as a whole will reach $15.5B globally by 2026
This research evaluates asset tracking technologies, solutions, and the overall asset management and logistics ecosystem including major players, strategies and market positioning. The research evaluates the impacts of use case-specific considerations in terms of asset tracking technology and solution selection.
This research also provides an analysis of both fleet-related asset tracking and non-fleet asset tracking markets. Fleet tracking market analysis includes segmentation by IoT-enabled fleet tracking. In terms of non-fleet asset tracking, the research evaluates the market for both living and nonliving things, which have completely different characteristics.
This research also provides detailed analysis and forecasts for AI in SCM by solution (Platforms, Software, and AI as a Service), solution components (Hardware, Software, Services), management function (Automation, Planning and Logistics, Inventory Management, Fleet Management, Freight Brokerage, Risk Management, and Dispute Resolution), AI technologies (Cognitive Computing, Computer Vision, Context-aware Computing, Natural Language Processing, and Machine Learning), and industry verticals (Aerospace, Automotive, Consumer Goods, Healthcare, Manufacturing, and others).
This is the broadest and detailed research of its type, providing analysis across a wide range of go-to-operational process considerations, such as the need for identity management and real-time location tracking, and market deployment considerations, such as AI type, technologies, platforms, connectivity, IoT integration, and deployment model including AI-as-a-Service (AIaaS). Each aspect evaluated includes forecasts from 2021 to 2026 such as AIaaS by revenue in China. It provides an analysis of AI in SCM globally, regionally, and by country including the top ten countries per region by market share.
The research also provides an analysis of leading companies and solutions that are leveraging AI in their supply chains and those they manage on behalf of others, with an evaluation of key strengths and weaknesses of these solutions. It assesses AI in SCM by industry vertical and application such as material movement tracking and drug supply management in manufacturing and healthcare respectively. The research also provides a view into the future of AI in SCM including analysis of performance improvements such as optimization of revenues, supply chain satisfaction, and cost reduction.
The asset management market remains constrained by a relatively low number of enterprise-connected assets across certain important asset classes. Leading asset tracking solution companies are focusing on the asset value to a business or governmental organization rather than the book value of the asset itself. A consultative marketing/sales approach is necessary to inform enterprises, first of the value of interconnecting business assets, and secondly, demonstrative asset tracking outcomes that bring value straight to the bottom line.
However, the overall asset tracking market has witnessed substantial economies of scale improvements in recent years due to inexpensive connectivity and machine-to-machine communications equipment and services. Increased penetration and usage of advanced IoT solutions leveraging M2M and other supporting technologies enable anytime, anywhere, and any type of asset tracking.
In addition, improved economies of scale and advancements in miniaturization and communications have made low-value asset tracking more practical, expanding the range of potential industries and asset types. This is exemplified by the growing trend for RFID-based "slap-and-track" solutions for shipping, supply chain management, and enterprise logistics such as tracking low to medium-value assets such as business equipment and supplies.
Select Research Findings:
The Asia Pac region is the largest and fastest-growing for AI in SCM
Cloud-based AI-as-a-Service for SCM will exceed $2.3B globally by 2026
Global asset tracking market will reach $55.1B by 2026, growing at 17.1% CAGR
Global asset tracking market for AI-embedded devices to grow at 33% through 2026
While fleet comprises over 80% of the market, non-fleet asset tracking is growing 18% faster
Arvato SCM Solutions
Blackberry (Radar, QNX)
Brilliant Info Systems Pvt. Ltd.
Cainiao Network (Alibaba)
Chekhra Business Solutions
Descartes Systems Group
DriveFactor (or CCC Drive)
Entigral Systems Inc.
Epicor Software Corporation
Fleet Safety Institute
FleetMind (Safe Fleet Holdings)
GSAttrack (Global Satellite Engineering)
Honeywell International Inc.
Infor Global Solutions
Intouch GPS (GPSTrackit)
JDA Software Group Inc.
Johnson & Johnson
Jolly Technologies Inc.
Lowry Solutions Inc.
M2M in Motion
OnAsset Intelligence Inc.
Quantum Aviation Solutions
Raven Connected (KlashWerks Inc.)
Sato Holdings Corporation
SCM Solutions Corp.
Sendum Wireless Corporation
Sierra Wireless Inc. (Numerex)
Smart Asset Manager Limited
Smart Path GPS
Speedshield Technologies (Adaptalift Group)
Stanley Black & Decker Inc.
Targa Telematics SPA
TomTom International BV
TVL Inc. (WiseTrack)
Ubisense Group Plc.
UpKeep Maintenance Management
Wasp Barcode Technologies Inc.
Zerion Software Inc.
Zonar Systems (Continental AG)
For more information about this report visit https://www.researchandmarkets.com/r/kf5qlh
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