Asset Tracking Market by Product Type, Distribution Channel, End User 2023-2028

Author: Elena Anderson Marketing Manager

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Global Asset Tracking Market Research Report 2023-2028:

According to the latest report by IMARC Group, titled " Asset Tracking Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023 -2028

," the global asset tracking market size reached US$ 15.4 Billion in 2022.

Asset tracking refers to the procedure adopted by enterprises for tracking their tangible or intangible assets. It includes technological equipment, vehicles, computers, generators, software, contracts and patents. It involves the utilization of asset tracking software that aid in easily checking and updating the data related to the asset information in an efficient manner.

Its software uses several advanced technologies, such as barcodes, beacons, QR codes, the global positioning system (GPS) and near-field communication (NFC), that help in providing accurate and real-time data for an efficient asset management system. It is extensively applicable across construction, healthcare, education and leasing business domains.

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Global Asset Tracking Market Trends:

The global market is primarily driven by the growing incidences of asset thefts across the industrial and corporate sectors. Coupled with the rising need for optimizing and streamlining operations is providing a boost to the demand for asset tracking across the globe. Along with this, continual technological advancements and the integration of asset tracking systems with cloud solutions are significantly supporting its demand on the global level. Apart from this, rapid digitization across the globe has encouraged numerous businesses to heavily invest in the deployment of asset tracking systems, thereby catalyzing the market. In line with this, the advent of the internet of things (IoT) sensor-based asset tracking systems that convey telemetric information to avoid accidents while safeguarding products is impacting the market growth favorably. Due to the escalating need for enhancing profits and improving the return on investment (ROI), there has been a significant increase in the uptake of asset tracking systems. Other factors, including rapid industrialization, continuous improvements in the information technology (IT) sector and extensive research and development (R&D) activities conducted by key players, are also positively influencing the market.

Looking forward, IMARC Group expects the market to reach US$ 33.5 Billion by 2028, exhibiting at a CAGR of 12.7% during 2023-2028.

View Report TOC, Figures and Tables: https://www.imarcgroup.com/asset-tracking-market

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Key Market Segmentation

The research report includes the following segments:

Breakup by Component:

• Hardware

• Software

Breakup by Deployment Mode:

• On-premises

• Cloud-based

Breakup by Organization Size:

• Large Enterprises

• Small and Medium-sized Enterprises

Breakup by End Use Industry:

• Transportation and Logistics

• Aviation

• Healthcare

• Manufacturing

• Food and Beverages

• Others

Breakup by Region:

• North America

• Asia Pacific

• Europe

• Latin America

• Middle East and Africa

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Competitive Landscape with Key Players:

• Actsoft Inc

• ASAP Systems

• Asset Panda

• AT&T Inc

• Azuga Inc. (Bridgestone Corporation)

• Fleet Complete

• GigaTrak

• Tenna

• Trimble Inc

• Ubisense Limited

• Verizon Communications Inc

• Wasp Barcode Technologies Inc. (Datalogic S.p.A.)

• Zebra Technologies Corporation

1. How has the global asset tracking market performed so far and how will it perform in the coming years?

2. What has been the impact of COVID-19 on the global asset tracking market?

3. What are the key regional markets?

4. What is the breakup of the market based on the component?

5. What is the breakup of the market based on the deployment mode?

6. What is the breakup of the market based on the organization size?

7. What is the breakup of the market based on the end use industry?

8. What are the various stages in the value chain of the industry?

9. What are the key driving factors and challenges in the industry?

10. What is the structure of the global asset tracking market and who are the key players?

11. What is the degree of competition in the industry?

Click here to visit the complete table of content with list of figures and tables: https://www.imarcgroup.com/asset-tracking-market/toc

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Report Description Report Description and Highlights

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