Global GPS Tracker Market Size is projected to account for USD 5.36 Billion of market revenue during the review period.Furthermore, the same market is expected to increase the market growth at a CAGR of 13.83% during the forecast period 2020 to 2030.GPS tracking systems are widely used for fleet management, patrolling, asset tracking, and transportation security purposes.Hence, the increasing demand for GPS tracking systems is driving the Growth of the GPS TRACKER Market during the forecast period.In addition, this GPS tracking device has many key benefits, such as tracking and navigation accuracy, high compatibility with smartphones, and simplified and easy operation.Apart from that, this GPS tracking device has other benefits such as elimination of employee fraud, better customer service, management of field personnel activities, and reduced labor costs.Free Download Sample PDF File @ https://www.marketresearchfuture.com/sample_request/7017Apart from that, there are several important features of GPS tracking devices which include historical fleet data feed, automatic alerts, geofencing, real-time updates and reporting.For example, the increasing demand for advanced GPS trackers in government & defence, transportation & logistics, and other industries is expected to expand the global market during the review period.In addition, growing concerns over theft and privacy are other key growth drivers for the global market.However, the lack of global standards may hamper the growth of the market in the forecast period.According to the GPS TRACKER Market Forecast report, there are various market segments driving the revenue of the market.These segments include Network, Type, and Vertical.The global market has been segmented into 2G, LTE and 3GThe current market has been separated into Standalone Tracker, Covert GPS Tracker, and Advanced Tracker in terms of type segment.For example, wearable type GPS trackers are projected to hold the largest GPS Tracker Market Share in the study period due to its advantages such as child safety, easy availability, cost effectiveness and multiutility.By vertical segment, the worldwide market has been classified into Healthcare, Automotive & Aerospace, Government & Defense, Transportation & Logistics, Metals & Mining, Oil & Gas, and others.GPS Tracker Market Analysis highlights geographic locations as Asia Pacific, Europe, North America, Latin America and the rest of the world are the major hubs of the GPS tracker industry.Among all, the Asia Pacific regional market is expected to witness the highest CAGR over the forecast period 2018 to 2023. This regional market is growing due to growth in vehicle production in emerging markets in China and India;and the development of strict government regulations.According to the International Organization of Motor Vehicle Manufacturers (OICA), growth has been witnessed in the production of commercial vehicles in India.In 2016, its production was 4.51 million, and subsequently, it has increased to 4.78 million by the end of 2017.Browse Full Report Details @ https://www.marketresearchfuture.com/reports/gps-tracker-market-7017At present, the leading market player for the GPS tracker market is ORBCOMM.The company provides Machine-to-Machine (M2M) and Industrial Internet of Things (IoT) communication solutions that are helpful for monitoring, tracking and managing mobile and fixed assets.At Market Research Future (MRFR), we enable our customers to uncover the complexities of various industries through Cooked Research Reports (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.The MRFR team has the highest goal of providing our clients with optimum quality market research and intelligence services.Our market research studies based on products, services, technologies, applications, end users and market players for global, regional and country market segments, enable our clients to see more, know more and do more, which helps answer all their most important questions.The Future of Market Research (Part of Wantstats Research and Media Private Limited)Website: https://www.marketresearchfuture.comYour email address will not be published.Required fields are marked *Save my name, email and website in this browser for my next comments.