For the stakes of flexibility, performance, efficiency, productivity and cost-efficiency, modern companies and organizations are turning to emerging technologies to streamline critical activities within their business. Tracking and monitoring technologies accompany this momentum; bringing up efficiency, productivity and reduced costs.
However, privacy concerns and
security issues continue to pose major threats to the adoption of tracking and
monitoring technologies.
According to Research and Markets the global
tracking-as-a-service market is expected to grow at a CAGR of 25.78% during the
period 2016-2020.
Among the dynamics, one can
observe that, users inter alia prefer monitoring services through PaaS owing to
cost factors. The high costs involved in the long term have forced users to use
low-cost models or to shift from CAPEX to OPEX for tracking and monitoring
services offered through PaaS.
Companies outsource their
fleet management services to minimize the risks associated with vehicle
investments. I
Key vendors include: