Whether you own a manufacturing industry, run a chemical company, or even own a fleet of trucks, asset health monitoring always remains vital for the growth of your business. Thanks to advancing technology, we have a number of remote asset management software available, and it is difficult to choose the right tool. In this article, we will discuss some important factors to consider for selecting the right asset management system.
Top Factors to Consider for Selecting the Right Asset Management Tool
While choosing the right asset tracking software, it is imperative to check the following aspects.
1. Advanced Features
As per an official estimate, the asset management system market is expected to grow by over 27 billion USD in the year 2025. It indicates the ever-increasing popularity of asset tracking software in modern enterprises. But it is necessary to check whether the asset management tool you want to shortlist or select has some essential and noteworthy features including-
2. Variable tracking
3. Location mapping
4. Firmware updates
5. Previous records
6. Tracking Capabilities
Also Read- Importance of IoT in Enterprise Asset Management and Tracking
7. Accurate Reporting
8. Mobile Access
9. Robust Support
10. High Customization
Concluding Lines
At Rejig Digital, we provide our enterprise clientele with an advanced remote asset monitoring and management solution. Our IoT-based solutions are useful for remote assistance and asset tracking across all the core industries. Let’s connect to discuss the scope of our customized solutions for your enterprise.
OTELTECH mastered in the field of RFID asset tracking system, linen tracking and UHF RFID Solution technological edge to hospitality and healthcare industries.OTELTECH dominated in the field of RFID and IoT arrangements giving innovative edge to neighborliness and medical care businessesResource TrackingClothing TrackingAbout usFor as far back as couple of years, Oteltech has worked with customers all throughout the planet, giving inventive arrangements more explicit to Hospitality and Healthcare enterprises among different ventures.
With a versatile full stack group approach, a faith in straightforwardness and the use of Lean-Agile practices; we have become a believed accomplice for our different customer base.Oteltech started in 2015, situated in a little studio in silicon valley of Bangalore.
Established by Mr. Sunil Gopalkrishnan, Oteltech has extended its workplaces at United States, Malaysia and to Dubai.
We are Globally present with solid channel the board all through Africa, South East Asia, Australia and Gulf Countries.Since the start, we've meant to stand separated from other implanted programming organizations, fabricating a culture with our kin at its middle.
That is the reason in 2019 we turned into an Employee Owned business and our workers presently own portions of Oteltech.TributesOur Assets stock taking interaction has be rearranged with Oteltech RFID handheld gadget and surprisingly the unapproved thing development.
We oversee both our Bangalore and Estonia workplaces resources in a solitary dashboard.Stanley CEO, HeyFolioWorking with OTELTECH been both delight and fulfilling, are amazingly solid and steady in quality.
Global Asset Tracking and Inventory Management Solution Market was valued US$ 11.85 Bn in 2019 and is expected to reach US$ 29.30 Bn by 2027, at a CAGR of 13.81 % during a forecast period.Global Asset Tracking and Inventory Management Solution Market, By RegionAsset Tracking and Inventory Management Solution is used to manage the information like item quantities, personnel assignments and maintenance requirements.The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.Global Asset Tracking and Inventory Management Solution Market, Dynamics:An increase in demand from small and medium enterprises (SMEs) for barcode and RFID systems to track assets is expected to drive the growth during the forecast period.
Inventory management systems assist businesses to manage stocks of expendable substances across a variety of surroundings.However, high initial cost and security vulnerability are expected to limit the global asset tracking and inventory management solution market growth.Global Asset Tracking and Inventory Management Solution Market, Segment Analysis:Asset Tracking and Inventory software can integrate with computing network or hosted by vendor accessed on computers, laptop and mobile device.
Asset Tracking and Inventory software is useful for any organization that wishes to have better control.Warehouse management segment is expected to grow at a 14.10% rate of CAGR in the global asset tracking and inventory management solution market during the forecast period.
As a wave of next generation, technology-enhanced warehouses are bringing extraordinary levels of real-time visibility into organizations.The retail industry is under pressure to increase the consumer journey from interaction to point-of-sale through an effective retail asset tracking solution.
The retailers can track and record an asset’s entire life cycle with innovative IoT solutions and retail asset tracking software.
The retail industry is expected to contribute significant share in the global asset tracking and inventory management solution market.Global Asset Tracking and Inventory Management Solution Market, Regional Analysis:The Asia Pacific held the US$ XXMn share in the global asset tracking and inventory management solution market in 2019 and it is projected to grow at a 13.50% rate of CAGR during the forecast period.
