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Global Asset Tracking Market Size, Share, Growth, Forecast: By Component: Hardware, Software; By Deployment Type: Cloud Based, On-Premise; By End Use: Transportation and Logistics, Aviation, Healthcare, Manufacturing, Food and Beverages, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Asset Tracking Market Analysis
8.1 Key Industry Highlights
8.2 Global Asset Tracking Historical Market (2018-2023)
8.3 Global Asset Tracking Market Forecast (2024-2032)
8.4 Global Asset Tracking Market by Component
8.4.1 Hardware
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Software
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Asset Tracking Market by Deployment Type
8.5.1 Cloud Based
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 On-Premise
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Asset Tracking Market by End Use
8.6.1 Transportation and Logistics
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Aviation
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Healthcare
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Manufacturing
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Food and Beverages
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 Others
8.7 Global Asset Tracking Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Asset Tracking Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Asset Tracking Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Asset Tracking Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Asset Tracking Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Asset Tracking Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 ActSoft, Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Asset Monitoring Solutions Group Ltd.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Oracle Corporation
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Trimble, Inc.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Zebra Technologies Corporation
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Gosafe Company Ltd.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Particle Industries, Inc.
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 EROAD Inc.
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Hilti Corporation
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Velos IoT Jersey Limited
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Asset Tracking Market: Key Industry Highlights, 2018 and 2032
2. Global Asset Tracking Historical Market: Breakup by Component (USD Million), 2018-2023
3. Global Asset Tracking Market Forecast: Breakup by Component (USD Million), 2024-2032
4. Global Asset Tracking Historical Market: Breakup by Deployment Type (USD Million), 2018-2023
5. Global Asset Tracking Market Forecast: Breakup by Deployment Type (USD Million), 2024-2032
6. Global Asset Tracking Historical Market: Breakup by End Use (USD Million), 2018-2023
7. Global Asset Tracking Market Forecast: Breakup by End Use (USD Million), 2024-2032
8. Global Asset Tracking Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Asset Tracking Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Global Asset Tracking Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Global Asset Tracking Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Global Asset Tracking Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Global Asset Tracking Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Global Asset Tracking Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Global Asset Tracking Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Global Asset Tracking Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Global Asset Tracking Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Global Asset Tracking Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Global Asset Tracking Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Global Asset Tracking Market Structure
Key Questions Answered in the Report
In 2023, the global asset tracking market attained a value of more than USD 27.21 million.
The market is estimated to grow at a CAGR of 17.2% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach above USD 113.51 million by 2032.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major drivers of the industry, such as the growing adoption of cloud-based services, thriving transportation and logistics sector, rapid digitalisation, and growing use of the asset tracking system in various industries including food and beverage, healthcare, and aviation, among others, are expected to aid the market growth.
The key market trends guiding the growth of the industry include the rapid technological advancements, which include the upgradation and incorporation of new features in the cloud-based software.
Hardware and software are the major components of the product.
Cloud based and on-premise are the different market divisions, based on deployment type.
Transportation and logistics, aviation, healthcare, manufacturing, and food and beverages, among others are the significant end-uses of the product.
The major players in the industry are Actsoft, Inc., Asset Monitoring Solutions Group Ltd., Oracle Corporation, Trimble Inc., Zebra Technologies Corporation, Gosafe Company Ltd., Particle Industries, Inc., EROAD Inc., Hilti Corporation, and Velos IoT Jersey Limited, among others.
Analyst Review
The global asset tracking market attained a value of USD 27.21 million in 2023. Aided by the rapid technological advancements and the growing demand for asset tracking in the transportation and logistics sector, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 17.2%. The market is projected to reach approx USD 113.51 million by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on component, the market is divided into hardware and software. On the basis of deployment type, the market is divided into cloud-based and on-premise. The significant end-uses of the product are transportation and logistics, aviation, healthcare, manufacturing, and food and beverages, among others. The major regional markets for asset tracking are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Actsoft, Inc., Asset Monitoring Solutions Group Ltd., Oracle Corporation, Trimble Inc., Zebra Technologies Corporation, Gosafe Company Ltd., Particle Industries, Inc., EROAD Inc., Hilti Corporation, and Velos IoT Jersey Limited, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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