IoT based Asset Tracking & Monitoring Market by Connectivity (Bluetooth, Cellular, GNSS), Component (Automatic Lighting Controls, Bluetooth Low Energy Transmitters, CCTV Systems), End-User - Global Forecast 2024-2030

IoT based Asset Tracking & Monitoring Market by Connectivity (Bluetooth, Cellular, GNSS), Component (Automatic Lighting Controls, Bluetooth Low Energy Transmitters, CCTV Systems), End-User - Global Forecast 2024-2030


The IoT based Asset Tracking & Monitoring Market size was estimated at USD 3.63 billion in 2023 and expected to reach USD 4.11 billion in 2024, at a CAGR 13.76% to reach USD 8.96 billion by 2030.

Global IoT based Asset Tracking & Monitoring Market IoT (Internet of Things) based asset tracking and monitoring provides significant value to organizations whose performance depends on using a large volume of mobile assets and equipment. IoT asset tracking may streamline labor-intensive and error-prone manual tasks. The growing deployment of cloud computing platforms and Industry 4.0 technologies in multiple end-user sectors have enhanced the need for IoT-based asset monitoring and trekking systems. However, the associated interoperability issues and lack of standardization may hamper the adoption rate of IoT systems. Furthermore, network security and privacy challenges also hinder the development of the market. Nevertheless, the ongoing technological advancements and establishment of 5G infrastructure all over the globe may create lucrative opportunities for the IoT-based asset tracking & monitoring market.Regional InsightsFrom a geographical perspective, the American region, particularly North America, appeared as the leading region in the IoT-based Asset Tracking and Monitoring Market due to the rising preference for technologically improved products. The growing sales of connected technologies, expanding deployment of related technologies, and upsurging utilization of innovative devices have developed the wide spectrum of the market. Similarly, European countries, such as Germany, the United Kingdom, France, Switzerland, Poland, and many more, are prone to deploy advanced and innovative technologies in asset management. Moreover, the establishment of advanced connected infrastructure and the presence of multiple competitive vendors are enlarging the scope of the IoT-based asset tracking & monitoring market. At the same time, the Asia-Pacific region, with a large population base and steadily rising per capita income, is home to some of the world's fastest-growing economies, including China and India. Furthermore, combining IoT and 5G can make it easier for businesses worldwide to launch, run, and expand their operations from a single platform.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the IoT based Asset Tracking & Monitoring Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the IoT based Asset Tracking & Monitoring Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the IoT based Asset Tracking & Monitoring Market, highlighting leading vendors and their innovative profiles. These include 3d Signals, Accruent, LLC, ALPS ALPINE CO., LTD., Amazon Web Services, Inc., Analog Devices, Inc., Applied Satellite Technology Ltd, AT&T Inc., Avnet, Inc., Azuga Inc., Biz4Intellia Inc., Comarch SA, Cyient, Datacake GmbH, Edge Impulse Inc., ElastiSense, Euristiq, Fibocom Wireless Inc., FitMech Sp. z o.o., GosuncnWelink Corporation, HCL Technologies Limited, Hilti Corporation, Huawei Technologies Co., Ltd., Indio Networks, iottag, KeyPord, Laird Connectivity, Link Labs, MeiG Smart Technology Co., Ltd., Neoway Technology Co. Ltd., Nordic Semiconductor, Omnitracs, LLC, Oracle Corporation, Particle Industries, Inc., Quectel Wireless Solutions Co., Ltd., RAD Data Communications Ltd., Radiant RFID, LLC, Samsara Inc., Semtech Corporation, Sequans Communications, Skyworks Solutions, Inc., SmartMakers GmbH, Sony Semiconductor Solutions Corporation, Tata Communications, TEKTELIC Communications Inc., Telit Corporate Group, Thales Group, u-blox AG, VVDN Technologies, Wireless Links Inc., and WIXTrac.

Market Segmentation & Coverage

This research report categorizes the IoT based Asset Tracking & Monitoring Market to forecast the revenues and analyze trends in each of the following sub-markets:

Connectivity
Bluetooth

Cellular

GNSS

LoRa

NB-IoT

SigFox

UWB

Wi-Fi

Component
Automatic Lighting Controls

Bluetooth Low Energy Transmitters

CCTV Systems

Energy Sensor Trackers

GPS Tracking Tags

Smart Locks

Smoke & Monoxide Detectors

End-User
Agriculture

Construction

Education

Healthcare

Law Enforcement

Logistics

Manufacturing

Region
Americas
Argentina

Brazil

Canada

Mexico

United States
California

Florida

Illinois

New York

Ohio

Pennsylvania

Texas

Asia-Pacific
Australia

China

India

Indonesia

Japan

Malaysia

Philippines

Singapore

South Korea

Taiwan

Thailand

Vietnam

Europe, Middle East & Africa
Denmark

Egypt

Finland

France

Germany

Israel

Italy

Netherlands

Nigeria

Norway

Poland

Qatar

Russia

Saudi Arabia

South Africa

Spain

Sweden

Switzerland

Turkey

United Arab Emirates

United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the IoT based Asset Tracking & Monitoring Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the IoT based Asset Tracking & Monitoring Market?
3. What are the technology trends and regulatory frameworks in the IoT based Asset Tracking & Monitoring Market?
4. What is the market share of the leading vendors in the IoT based Asset Tracking & Monitoring Market?
5. Which modes and strategic moves are suitable for entering the IoT based Asset Tracking & Monitoring Market?

Note: PDF & Excel + Online Access - 1 Year


1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. IoT based Asset Tracking & Monitoring Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Rising adoption of cost-effective and intelligent connected devices and sensors
5.1.1.2. Increased deployment of cloud computing platforms in manufacturing sector
5.1.1.3. Surging adoption of Industry 4.0 technologies by end-use sector
5.1.2. Restraints
5.1.2.1. Lack of interoperability and standardization in IoT based asset tracking & monitoring
5.1.3. Opportunities
5.1.3.1. Rising investment in data analytics and emergence of 5G technologies globally
5.1.3.2. Technological advancement in IoT based asset tracking & monitoring
5.1.4. Challenges
5.1.4.1. Security and Privacy Concerns Associated with IoT Based Asset Tracking & Monitoring
5.2. Market Segmentation Analysis
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework
6. IoT based Asset Tracking & Monitoring Market, by Connectivity
6.1. Introduction
6.2. Bluetooth
6.3. Cellular
6.4. GNSS
6.5. LoRa
6.6. NB-IoT
6.7. SigFox
6.8. UWB
6.9. Wi-Fi
7. IoT based Asset Tracking & Monitoring Market, by Component
7.1. Introduction
7.2. Automatic Lighting Controls
7.3. Bluetooth Low Energy Transmitters
7.4. CCTV Systems
7.5. Energy Sensor Trackers
7.6. GPS Tracking Tags
7.7. Smart Locks
7.8. Smoke & Monoxide Detectors
8. IoT based Asset Tracking & Monitoring Market, by End-User
8.1. Introduction
8.2. Agriculture
8.3. Construction
8.4. Education
8.5. Healthcare
8.6. Law Enforcement
8.7. Logistics
8.8. Manufacturing
9. Americas IoT based Asset Tracking & Monitoring Market
9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States
10. Asia-Pacific IoT based Asset Tracking & Monitoring Market
10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.
10. South Korea
10.
11. Taiwan
10.
12. Thailand
10.
13. Vietnam
11. Europe, Middle East & Africa IoT based Asset Tracking & Monitoring Market
11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.
10. Nigeria
11.
11. Norway
11.
12. Poland
11.
13. Qatar
11.
14. Russia
11.
15. Saudi Arabia
11.
16. South Africa
11.
17. Spain
11.
18. Sweden
11.
19. Switzerland
11.
20. Turkey
11.
21. United Arab Emirates
11.
22. United Kingdom
12. Competitive Landscape
12.1. FPNV Positioning Matrix
12.2. Market Share Analysis, By Key Player
12.3. Competitive Scenario Analysis, By Key Player
12.3.1. Merger & Acquisition
12.3.1.1. Siemens acquires Brightly Software to accelerate growth in digital building operations
12.3.1.2. Astrocast acquiring Hiber as IoT M&A activity heats up
12.3.2. Agreement, Collaboration, & Partnership
12.3.2.1. Monogoto Partners with Skylo Technologies and SODAQ to Deliver NB-IoT Satellite Connectivity for Asset Tracking Products
12.3.2.2. Global LoRaWAN satellite-based IoT connectivity for asset tracking via Wyld & TrakAssure partnership
12.3.2.3. Laird Connectivity, in Partnership with Silicon Labs, Launches Advanced Bluetooth LE Module Series that Accelerates IoT Development
12.3.2.4. Astrocast and Unabiz partner to develop and deploy end-to-end IoT solution for asset tracking and monitoring
12.3.2.5. Senet, Eutelsat, TrakAssure and Wyld Networks Team to Deliver First-to-Market Interoperable Terrestrial and Satellite LoRaWAN Network Services
12.3.3. New Product Launch & Enhancement
12.3.3.1. Company launches website to demonstrate power of IoT
12.3.3.2. Semtech Extends LoRa Edge Platform to Support Seamless Worldwide Asset Tracking
13. Competitive Portfolio
13.1. Key Company Profiles
13.1.1. 3d Signals
13.1.2. Accruent, LLC
13.1.3. ALPS ALPINE CO., LTD.
13.1.4. Amazon Web Services, Inc.
13.1.5. Analog Devices, Inc.
13.1.6. Applied Satellite Technology Ltd
13.1.7. AT&T Inc.
13.1.8. Avnet, Inc.
13.1.9. Azuga Inc.
13.1.
10. Biz4Intellia Inc.
13.1.
11. Comarch SA
13.1.
12. Cyient
13.1.
13. Datacake GmbH
13.1.
14. Edge Impulse Inc.
13.1.
15. ElastiSense
13.1.
16. Euristiq
13.1.
17. Fibocom Wireless Inc.
13.1.
18. FitMech Sp. z o.o.
13.1.
19. GosuncnWelink Corporation
13.1.
20. HCL Technologies Limited
13.1.
21. Hilti Corporation
13.1.
22. Huawei Technologies Co., Ltd.
13.1.
23. Indio Networks
13.1.24. iottag
13.1.
25. KeyPord
13.1.
26. Laird Connectivity
13.1.
27. Link Labs
13.1.
28. MeiG Smart Technology Co., Ltd.
13.1.
29. Neoway Technology Co. Ltd.
13.1.
30. Nordic Semiconductor
13.1.
31. Omnitracs, LLC
13.1.
32. Oracle Corporation
13.1.
33. Particle Industries, Inc.
13.1.
34. Quectel Wireless Solutions Co., Ltd.
13.1.
35. RAD Data Communications Ltd.
13.1.
36. Radiant RFID, LLC
13.1.
37. Samsara Inc.
13.1.
38. Semtech Corporation
13.1.
39. Sequans Communications
13.1.
40. Skyworks Solutions, Inc.
13.1.
41. SmartMakers GmbH
13.1.
42. Sony Semiconductor Solutions Corporation
13.1.
43. Tata Communications
13.1.
44. TEKTELIC Communications Inc.
13.1.
45. Telit Corporate Group
13.1.
46. Thales Group
13.1.47. u-blox AG
13.1.
48. VVDN Technologies
13.1.
49. Wireless Links Inc.
13.1.
50. WIXTrac
13.2. Key Product Portfolio
14. Appendix
14.1. Discussion Guide
14.2. License & Pricing
FIGURE 1. IOT BASED ASSET TRACKING & MONITORING MARKET RESEARCH PROCESS
FIGURE 2. IOT BASED ASSET TRACKING & MONITORING MARKET SIZE, 2023 VS 2030
FIGURE 3. IOT BASED ASSET TRACKING & MONITORING MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. IOT BASED ASSET TRACKING & MONITORING MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. IOT BASED ASSET TRACKING & MONITORING MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. IOT BASED ASSET TRACKING & MONITORING MARKET DYNAMICS
FIGURE 7. IOT BASED ASSET TRACKING & MONITORING MARKET SIZE, BY CONNECTIVITY, 2023 VS 2030 (%)
FIGURE 8. IOT BASED ASSET TRACKING & MONITORING MARKET SIZE, BY CONNECTIVITY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. IOT BASED ASSET TRACKING & MONITORING MARKET SIZE, BY COMPONENT, 2023 VS 2030 (%)
FIGURE 10. IOT BASED ASSET TRACKING & MONITORING MARKET SIZE, BY COMPONENT, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. IOT BASED ASSET TRACKING & MONITORING MARKET SIZE, BY END-USER, 2023 VS 2030 (%)
FIGURE 12. IOT BASED ASSET TRACKING & MONITORING MARKET SIZE, BY END-USER, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. AMERICAS IOT BASED ASSET TRACKING & MONITORING MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 14. AMERICAS IOT BASED ASSET TRACKING & MONITORING MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. UNITED STATES IOT BASED ASSET TRACKING & MONITORING MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 16. UNITED STATES IOT BASED ASSET TRACKING & MONITORING MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. ASIA-PACIFIC IOT BASED ASSET TRACKING & MONITORING MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 18. ASIA-PACIFIC IOT BASED ASSET TRACKING & MONITORING MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. EUROPE, MIDDLE EAST & AFRICA IOT BASED ASSET TRACKING & MONITORING MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 20. EUROPE, MIDDLE EAST & AFRICA IOT BASED ASSET TRACKING & MONITORING MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 21. IOT BASED ASSET TRACKING & MONITORING MARKET, FPNV POSITIONING MATRIX, 2023
FIGURE 22. IOT BASED ASSET TRACKING & MONITORING MARKET SHARE, BY KEY PLAYER, 2023

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