Current State of The Asset Tracking Industry
In 2021, The Asset Tracking Market was valued at around 17.75 billion according to a recent study. Recent advancements in IoT technology paired with the overall uncertain economic climate have encouraged more and more users to acquire asset-tracking hardware for the betterment of their organization. In North America, the demand for this advanced technology has remained high over the last few years. In fact, North America takes hold of the largest market share in the entire world, a feat CallPass is proud to play a role in. The rise in third-party logistics in correlation with the growth in the e-commerce retail supply chain and omnichannel is only set to help the demand for advanced asset tracking to continue to prosper.
If you are not familiar with asset tracking and management solutions they are known to cure inefficiencies in your operations. Organizations that deal with a multitude of assets can face threats of theft, losses, and under-utilization, all of which can lead to trillions of dollars in losses in profits and bottom-line hits. Companies have come to realize an efficient and cost-effective way to avoid these problems is to use this technology that gives them visibility into their assets and operational universe from anywhere.
Asset Tracking Solution Delivers Many Benefits
Asset Tracking delivers many benefits to companies that go well beyond simply knowing where your asset is. It’s importance was greatly illustrated during the COVID-19 pandemic, demand for e-commerce skyrocketed due to changes in consumption patterns this had led to an increased need for efficient logistics and warehouse systems. Asset tracking helps connect processes, workforce, and assets into an integrated strategic system that allows the totality of your operations to thrive. Asset tracking delivers real time data contributing to a positive bottom line and allowing companies to thrive.
Industry Users Of Asset Tracking Solutions
Industry users of asset tracking solutions include transportation and logistics, rentals and leasing, construction, and more! Companies of all shapes and sizes have been able to secure the benefits of these advanced solutions for the betterment of their operations; from trade businesses to large companies that manage over 1,000+ assets. CallPass itself takes pride in this ability to empower those that do, those that keep our communities moving through our reliable yet advanced technology.
Outlook on Asset Tracking Industry
Asset Tracking is evolving and growing as technology advances, with this, the total market share is expected to increase 13.91% through 2027! More and more industries are learning of its importance and further expanding its footprint across all facets of our everyday life. Now more than ever, companies are always looking for every competitive advantage they can acquire and they are realizing that proper asset management is an unquestionable cost-effective solution to do this.
A new generation of asset tracking devices allows for tracking in the harshest of environments, companies should never settle for an asset tracker that isn’t IP67 rated for these conditions. Further expanding the acceptance of these devices and connecting industries that had previously been left in the dark.
Supercharge Your Operations With CallPass Asset & Equipment Tracking
When it comes to asset tracking, CallPass has developed a full-suite application to monitor and track any powered or non-powered assets for companies of all sizes. Whether it is working with companies with thousands of assets to your neighborhood mom-and-pop business, proven and rugged hardware paired with an advanced software platform allows companies to improve the utilization, health, and overall Return on investment of their valued assets.
The Top, Must-Have, Features of An Asset Tracking Solution
If you are considering asset tracking for your business, you must ensure that any solution you are looking at adding to your business contains a certain set of key features that allow you to get the most out of the solution (but more importantly your assets). Below, the experts at CallPass have taken the time to outline the key aspects you need to be on the lookout for when investigating these solutions for your business.
- Advanced Mapping Capabilities
- Easily be able to see your entire asset universe from one screen; viewing from both live and historical mapping along with fully customizable geozones.
- Notifications That Keep You In The Know With Your Assets
- From speed, battery, geofence crossings, and more; uncover a new way to stay in the know with your assets and equipment, allowing you to make critical decisions in real-time.
- Mobile Asset Management Capability
- You shouldn’t be able to only access your organization’s assets merely at your desk, proper asset tracking solutions of today’s age allow you to take grasp of your valued assets across multiple devices.
- Articulate Reporting That Delivers Actionable Insight
- Your asset management platform should be able to generate reports on the assets you need, when you need them.
- Advanced Mapping Capabilities
- Easily be able to see your entire asset universe from one screen; viewing from both live and historical mapping along with fully customizable geozones.
- Notifications That Keep You In The Know With Your Assets
- From speed, battery, geofence crossings, and more; uncover a new way to stay in the know with your assets and equipment, allowing you to make critical decisions in real-time.
Don’t miss out on how Advanced Asset  Tracking can enable your business to flourish. A  full review on how your business could benefit from all the features above, will be worthwhile. From accounting to operations, improve every facet of your organization by supercharging your assets.
Are You Ready To Adopt Asset Tracking To Your Valued Assets?
From solar-powered, hardwired, to battery-powered; the CallPass team is confident we have the solution built for you and your business. Whether it be an enclosed car hauler, equipment trailer, gooseneck, dump trailer, or another type of asset… CallPass is ready to boost your operations and provide you with the peace of mind you deserve.
Click the button below to be connected with a CallPass expert so we can learn how our solutions can help your business reach its fullest potential!
