The tool tracking software market is projected to have a considerable CAGR during the forecast period. Contracting and other organizations use tool tracking software, also known as a tool management software to maintain or manage their tool inventory by keeping track of their physical location and usage. Various technology such as in-out entry check through barcode and GPS, are used to record tool usage and keep track of them in the inventory.

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The primary factor driving the tool tracking software market is the asset tracking software in the transportation and logistic sectors. For a positive shopping experience, asset monitoring software market trends have also been supported by the need for asset tracking software in the e-commerce sector to provide customers. In addition to this, general, plumbing, and electrical contractors that work on construction projects, as well as individual residential and commercial repairs, typically employ tool tracking software. Some of the most prominent customers include utilities and municipalities, maintenance groups, field service & repair firms, HVAC contractors, and other contractors.

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Some of the most prominent market players include Zebra Technologies Corp., Honeywell International, Inc., Datalogic S.P.A, Trimble Inc., Stanley Black and Decker, Inc., among others. In 2019 July, T-Mobile introduced a narrowband loT asset tracking service, which was the first of its kind in the United States. In March 2019, Trimble launched the TMT ServiceConnect module, allowing fleet shops using Trimble's TMT Fleet Maintenance (TMT) software to connect to more than 4,500 medium and heavy-duty service facilities across North America, including numerous Original Equipment Manufacturers (OEM) dealers. Licensed TMT users will have direct access to thousands of service centres, allowing them to get their equipment back on the road faster.

Tool Tracking Software Market – Segmentation
By Type
Cloud-Based
Web-Based
By Applications
Large Enterprises
SMEs

Tool Tracking Software Market – Segmentation by Region 
North America 
United States
Canada
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific 
China
Japan
India
Rest of Asia-Pacific
Rest of the World

Company Profiles
Zebra Technologies Corp.
Honeywell International Inc.
Datalogic S.P.A
Trimble Inc.
Stanley Black
Decker Inc.

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