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Global GPS Tracker Market to Witness a Disruption Caused by COVID 19

2022-04-07T08:54:04Z

Krantip04: Created page with "Market Overview According to Market Research Future (MRFR), the global market for GPS trackers is expected to generate significant revenue of USD 2.72 billion at a moderate 14.4..."

Market Overview

According to Market Research Future (MRFR), the global market for GPS trackers is expected to generate significant revenue of USD 2.72 billion at a moderate 14.42% CAGR over the review period (2020-2027).

Drivers and Restraints

The adoption of a GPS tracking system is observed mainly for safety purposes in transportation, fleet management, patrols, and asset tracking, among others, affects the growth of the global [https://www.marketresearchfuture.com/reports/gps-tracker-market-7017 GPS tracker market]. The effect of GPS tracker software has enhanced connectivity with precision navigation and tracking, smartphones, and simpler operations. Also, the deployment of GPS trackers to reduce labour costs, enhance customer service, control field staff activities and eradicate employee theft is expected to fuel market growth over the forecast period. The proliferation of cloud technology providing scalable and versatile storage and mobile connectivity along with IoT 's prominence is expected to create new possibilities in the forecast-period to tackle traditional challenges. The GPS tracker market is bound to be constrained by the lack of global standards to create GPS tracking devices.

Segmental Analysis

The segmental overview of the global GPS tracker market is carried out based on network, vertical, type and region. Network-based segmentation of the global GPS tracker market is composed of LTE, 3 G, and 2G. The LTE segment is capable of hitting market share worth USD 1.898.6 million while increasing over the review period with a CAGR of 15.23 per cent. The global GPS tracker industry, depending on the vertical, is segmented into oil & gas, transport & logistics, healthcare, automotive & aerospace, government & defense, metals & mining, and others. The business segment of transportation is expected to have a market share of USD 846.98 million over the review period while rising with a 17.05% CAGR. Based on the type, the global market for GPS trackers is divided into a covert GPS tracker, standalone tracker, and advanced tracker. The advanced tracker segment is poised to reach a market share adding up to USD 981.74 million while rising with a CAGR of 16.09% in the review period.

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Regional Analysis

The global GPS tracker market has been geographically analyzed in four major regions, namely Europe, North America, the Asia Pacific, and the rest of the world (including the Middle East and Africa and Latin America).

Increasing demand for efficient fleet management by many US suppliers of transportation and logistics services is driving the growth of the North American region's industry. The increasing usage by law enforcement agencies of GPS monitoring devices is also promoting market growth in the North American Region. Besides, the rising demand for GPS trackers for building assets and logistics drive the growth of GPS trackers in Mexico. The North American region generating revenue worth USD 343.17 billion in 2017 and is poised to rise at a CAGR of 12.75% during the forecast period.

Furthermore, the growing adoption of GPS trackers in the mining industry is boosting the market growth in Mexico. The Asia Pacific market is projected to produce USD 650.04 million in revenue by 2023 when growing in the study period at a CAGR of 16.42 per cent. As well, the growing demand for wearable GPS tracking devices for pets and human tracking is a positive factor for the region's market progress. However, China's high adoption of GPS trackers for tracking cargo trailers, personal vehicles and construction assets is projected to stimulate market expansion in the forecast period favourably.

The European region is projected to progress at a 15.02% CAGR in the review period and is poised to generate revenue worth USD 1.1 billion by 2023.

Competitive Analysis

The leading market players identified by MRFR in the global market are Laipac Technology, Inc., Orbocomm Inc., Atrack Technology Inc., Concox Information Technology Co., Ltd, TomTom International BV, Calamp Corp, Verizon Wireless, Sony Mobile Communications Inc, Sierra Wireless Inc, Spy Tech, Inc, and Queclink Wireless Solutions Co., Ltd.

Browse Complete Report Here:

[https://www.marketresearchfuture.com/reports/gps-tracker-market-7017 https://www.marketresearchfuture.com/reports/gps-tracker-market-7017]

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:

Market Research Future (Part of Wantstats Research and Media Private Limited)

99 Hudson Street, 5Th Floor

New York, NY 10013

United States of America

+1 628 258 0071 (US)

+44 2035 002 764 (UK)

Email: [mailto:sales@marketresearchfuture.com sales@marketresearchfuture.com]

Website: [https://www.marketresearchfuture.com https://www.marketresearchfuture.com]

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Global Machine Learning Market Driven by Automation

2022-04-07T08:51:56Z

Krantip04: Created page with "Market Overview The global [https://www.marketresearchfuture.com/reports/machine-learning-market-2494 machine learning market] can expand at 48.02% CAGR from 2018 to 2024, as pe..."

Market Overview

The global [https://www.marketresearchfuture.com/reports/machine-learning-market-2494 machine learning market] can expand at 48.02% CAGR from 2018 to 2024, as per the latest research conducted by Market Research Future (MRFR) in its report. The report contains factual information coupled with news, events, and trends used in estimating projections for revenue and growth for the forecast period (2020-2027). The COVID-19 pandemic and its effects on the industry are expounded in greater detail.

Market Scope

The global machine learning market is driven by increasing automation of processes and machines and prevalence of rapid industrialization. Efforts by corporations to reduce workload of humans and reduce errors can bode well for the market. Labor charges imposed by countries can also facilitate market growth.

Adoption of cloud services, generation of unstructured data, and demand for machine learning solutions are major drivers of the market. Open-source nature of certain machine learning programs and establishment of certain standards for closing the gap between IT programmers and scientists in order to encourage innovation can bolster market growth. Autonomous cars developed by companies have increased their awareness owing to machine learning and real-time monitoring of the environment.

Development of chatbots powered with the help of machine learning to respond to customer queries can drive the market growth. Emergence of various companies in the ecommerce space and use of cognitive coding techniques is likely to influence the machine learning market. Recently, Intel Corporation has invested close to USD 132 million in Anodot for enhancing autonomous monitoring and assist companies in leveraging on large data volumes.

COVID-19 Impact

The COVID-19 pandemic has accelerated the use of machine learning models as force majeure factors have increased and economies witness a downfall. Machine learning has been paired with predictive analytics to treat the virus and conduct analysis on populations across countries, according to a recent JAMA study. The National COVID Cohort Collaboration (N3C) has been formed for accumulation of COVID related data and accurately predicting severity of the disease as per the symptoms.

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Segmentation

The machine learning infrastructure comprises various components including hardware, software, and services. The hardware segment is deemed to attain higher revenues as compared to its counterparts owing to procurement of associated hardware and development of customized chips for machine learning. Huge demand for higher performance processors can drive the segment demand significantly.

Based on the organization size, the market has been sub-segmented into small- and medium-sized enterprises and large enterprises. Large enterprises are likely to capture a large market share as huge volumes of unstructured data are generated by devices and node points. Machine learning can leverage the data and glean important insights on tackling any drawbacks.

Regional Analysis

North America is expected to continue its dominance in the market owing to investments in machine learning by companies and adoption of the nascent technology. Integration of AI in smart devices and automobiles is likely to drive the market demand significantly.

Competitive Analysis

Microsoft Corporation, IBM Corporation, Amazon.com, Inc., Cisco Systems, Inc., Wipro Limited, Google, Intel Corporation, Facebook, Inc., Nuance Communications, Apple Inc, and Baidu Inc are key players in the global machine learning market.

Industry News

Researchers at the Francis Crick Institute have devised a method for detecting cancerous mutations in the non-unique part of DNA by employing machine learning.

Browse Complete Report Here:

[https://www.marketresearchfuture.com/reports/machine-learning-market-2494 https://www.marketresearchfuture.com/reports/machine-learning-market-2494]

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:

Market Research Future (Part of Wantstats Research and Media Private Limited)

99 Hudson Street, 5Th Floor

New York, NY 10013

United States of America

+1 628 258 0071 (US)

+44 2035 002 764 (UK)

Email: [mailto:sales@marketresearchfuture.com sales@marketresearchfuture.com]

Website: [https://www.marketresearchfuture.com https://www.marketresearchfuture.com]

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