Market to Triple for Technology to Manage Assets in the Field, Says Frost & Sullivan

Manufacturers and service companies will be paying more attention to the status of assets in the field in coming years, from the location of delivery fleets to the parts they carry with them, according to a new study by Frost & Sullivan.  Accordingly, those companies are expected to invest more heavily in field asset management technology, including RFID, GPS and other wireless products, to track their field service assets and performance.

By 2015, the market for mobile field asset management, which the consulting firm defines as the use of wireless and global positioning system technologies to "track local fleets, field service trunk inventory, and products/cargo on the move," will reach a value three times its present size.

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