IoT-based Asset Tracking and Monitoring Market Size, Share, and Analysis, By Connectivity Type (Wi-Fi, Bluetooth, Cellular, NB-IoT, LoRa, SigFox, GNSS, and UWB), By Monitoring Type (Indoor and Outdoor), By Application (Manufacturing and Automotive), By Re

IoT-based Asset Tracking and Monitoring Market Size, Share, and Analysis, By Connectivity Type (Wi-Fi, Bluetooth, Cellular, NB-IoT, LoRa, SigFox, GNSS, and UWB), By Monitoring Type (Indoor and Outdoor), By Application (Manufacturing and Automotive), By Region (North America, Europe, Asia-Pacific, and Rest of the World), And Regional Forecast 2024-2034

IoT-based Asset Tracking and Monitoring Market Size, Share, and Analysis, By Connectivity Type (Wi-Fi, Bluetooth, Cellular, NB-IoT, LoRa, SigFox, GNSS, and UWB), By Monitoring Type (Indoor and Outdoor), By Application (Manufacturing and Automotive), By Region (North America, Europe, Asia-Pacific, and Rest of the World), And Regional Forecast 2024-2034

PRODUCT OVERVIEW

IoT-based Asset Tracking and Monitoring Market is anticipated to exhibit a Compound Annual Growth Rate (CAGR) of 11.6% during the forecast span from 2024 to 2034. In 2023, the market size was assessed at USD 4.5 billion and is projected to reach USD 15 billion by the completion of 2034.

IoT-based asset tracking and monitoring refer to the use of interconnected devices to monitor and control physical assets in real-time. These assets include machinery, goods in transit, vehicles, and individuals. IoT sensors collect information about the location, movement, temperature, humidity, and other important factors. This information is sent to a central system over the internet, where it is examined for valuable findings and useful information. In addition, asset managers can monitor the locations of assets, forecast maintenance needs, improve routes, and boost the efficiency of the entire operation. Moreover, by using IoT technologies, companies can improve the utilization of assets, boost security, and optimize logistics processes. Therefore, IoT-driven asset tracking and monitoring empower companies to make well-informed decisions based on data and ensure the safety and security of their valuable assets.

MARKET HIGHLIGHTS

IoT IoT-based asset tracking and monitoring market is projected to reach USD 15 billion over the forecast period, owing to the increasing need for immediate tracking and control of assets across different sectors. Several market players are using innovations in IoT technologies, such as sensors, connectivity solutions, and data analytics, to create tracking and monitoring solutions. These developments consist of integrating AI and machine learning for predictive maintenance, adopting blockchain for better security and transparency, and the rise of edge computing for faster data processing. In addition, major users of IoT asset-tracking solutions include industries like manufacturing, transportation and logistics, healthcare, and retail. Thus, businesses are increasingly investing in IoT-based asset tracking and monitoring solutions to improve efficiency and cut costs to stay competitive in the market.

IoT-based Asset Tracking and Monitoring Market Segments:

• By Connectivity Type
• Wi-Fi
• Bluetooth
• Cellular
• NB-IoT
• LoRa
• SigFox
• GNSS
• UWB
• By Monitoring Type
• Indoor
• Outdoor
• By Application
• Manufacturing
• Automotive

MARKET DYNAMICS

Growth Drivers

Increasing Adoption of Industry 4.0 is Driving Growth in the IoT-based Asset Tracking and Monitoring Market

Innovations in Technology Act as a Catalyst for Market Growth

Restraint

Security and Privacy Concerns in the Market Will Impact the Growth

Key Players

• IBM Corporation
• Cisco Systems, Inc.
• Siemens AG
• SAP SE
• Microsoft Corporation
• Oracle Corporation
• Honeywell International Inc.
• Bosch.IO (Robert Bosch GmbH)
• Verizon Communications Inc.
• AT&T Inc.
• Huawei Technologies Co., Ltd.
• Zebra Technologies Corporation
• Trimble Inc.
• Ubisense Group plc
• Fleet Complete
• Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)

Global Laboratory Temperature Control Units Market is further segmented by region into:

• North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
• Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
• Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
• Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
• Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 3-month post-sales analyst support.

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