The IoT-based Asset Tracking and Monitoring Market was valued at USD 4.5 billion in 2023 and is expected to reach USD 13.1 billion by 2032, growing at a CAGR of 12.69% from 2024-2032.
This report consists of key insights into the IoT-based Asset Tracking and Monitoring Market, focusing on adoption trends, technology usage, and impact on asset security. It highlights the increasing adoption of IoT-based tracking solutions across industries such as logistics, healthcare, and manufacturing, driven by efficiency gains and cost savings. The analysis covers the market share of key tracking technologies like GPS, RFID, BLE, and NB-IoT, showcasing their role in real-time asset monitoring. Additionally, it examines regional trends in IoT asset tracking device shipments and how these solutions have contributed to reducing asset loss and theft. The report also explores advancements in AI-powered analytics, edge computing integration, and emerging regulatory standards.
The U.S. The IoT-based Asset Tracking and Monitoring Market was valued at USD 0.6 billion in 2023 and is expected to reach USD 2.0 billion by 2032, growing at a CAGR of 13.59% from 2024-2032. driven by increasing demand for real-time visibility, supply chain optimization, and theft prevention across industries. Growth is fueled by advancements in 5G, AI-driven analytics, and the rising adoption of RFID and GPS-enabled IoT solutions. By 2030, the market is expected to expand steadily, with higher adoption in logistics, healthcare, and smart city applications.
Drivers
Businesses are adopting IoT-based tracking to improve asset security, efficiency, and supply chain management.
A major factor fuelling market growth is the increasing demand for real-time tracking and monitoring of assets across industry sectors such as logistics, healthcare, and manufacturing. These include Internet of Things -based asset-tracking solutions that make it possible to increase efficiency, eliminate theft, and utilize assets effectively. GPS, RFID, BLE, and NB-IoT tracking enables the tracking of products, equipment, and people, helping to enhance supply chain management. Moreover, emerging regulatory mandates for asset security and traceability across sectors like pharmaceuticals and food & beverage are also compelling firms to embrace IoT solutions. This significantly improves the precision and effectiveness of asset-tracking systems.
Restraints
The high costs of IoT infrastructure and cybersecurity risks hinder market adoption.
While IoT-based asset-tracking solutions present numerous advantages, the high costs of hardware, software, and infrastructure for initial investment act as a barrier to the widespread adoption of these solutions. More small and medium-sized enterprises (SMEs) find it difficult to afford a costly deployment of an extensive tracking system. Then, there is the issue of data privacy and cybersecurity that presents a formidable challenge, with asset tracking systems amassing large amounts of sensitive data. Barriers to adoption include unauthorized access, data breaches, and regulatory compliance. Addressing these concerns is possible only if firms invest in secure IoT frameworks and advanced encryption methods, which in turn hike the implementation costs and involve excessive complexity of approaches.
Opportunities
AI, 5G, and edge computing are enhancing real-time tracking, predictive maintenance, and operational efficiency.
With the convergence of artificial intelligence, 5G networks, and edge computing, completely new potential for IoT-based asset tracking and monitoring is enabled. Predictive maintenance, anomaly detection, and asset performance monitoring are newly empowered with AI-powered analytics that minimize downtime and operational risk. 5G networks provide higher data transfer rates and low-latency connections, thus allowing a more efficient and scalable process to keep track of assets in real time. At the same time, edge computing moves data processing closer to the source, minimizing dependence upon centralized cloud infrastructure and providing faster response times. The technology will become widely used in logistics, manufacturing, and smart cities, something set to be facilitated further by these technological advancements.
Challenges
Compatibility challenges across various tracking technologies limit seamless integration and scalability.
Another challenge facing the IoT-based asset tracking market is the lack of standardization and interoperability among the various tracking technologies and platforms. GPS, RFID, and various other tracking solutions get deployed independently of each other by companies and creating compatibility and integration challenges. The lack of a common standard for communication poses challenges in developing a cohesive and interoperable asset-tracking environment. The level of challenge for businesses, requiring investment in custom integration efforts, increases both expenses and time-to-market. Moreover, very limited baseline data is available to justify the deployment cases. To address these challenges, the industry should follow standard IoT-based protocols for more unified asset tracking.
By Connectivity Type
Cellular connectivity dominated the market and accounted for a significant revenue share in 2023, as cellular connectivity has the widest coverage network, reliability, and fast-end seamless tracking capabilities. Asset management is heavily dependent on cellular-based solutions- from 4G LTE to next-generation 5G networks- in industries such as logistics, automotive, and smart cities. 5G networks are increasing the speed of data transmission, which has enabled even more advanced IoT applications.
The LoRaWAN is expected to register the fastest CAGR during the forecast period, because it is low-power and long-range-enabled, which is suitable for tracking in industrial applications, as well as for remote tracking. LoRaWAN adoption is being driven by the growing deployment of smart city initiatives, agriculture monitoring and supply chain optimization solutions. It's also one of the big reasons that it can support large-scale IoT deployment with the least amount of energy consumption.
By Application
The transportation & logistics segment dominated the market and accounted for 27% of revenue share in 2023, owing to the increasing need for real-time visibility of shipments, fleet management, and supply chain optimization. The increasing boom in e-commerce, cross-border trade, and just-in-time inventory management has compelled the adoption of IoT-enabled tracking solutions. GPS, RFID for identification, along cellular connectivity for real-time location tracking have been reduced to save on both delay and loss.
The Cold Chain Monitoring segment is projected to experience the fastest CAGR throughout the forecast period, owing to increasing adoption of temperature-sensitive logistics for pharmaceuticals, food & beverage, chemicals, etc. Regulations require preservation of product quality, particularly in the pharmaceutical and perishable goods markets, which is also encouraging IoT uptake in the vertical. Temperature and humidity are monitored in real time using advanced IoT sensors and AI-powered analytics to minimize spoilage risks.
The Asia-Pacific region dominated the market and accounted for 36% of revenue share, due to industrialization, expanding logistics and transportation networks, and the large-scale adoption of IoT solutions in the manufacturing and transportation sectors in the region. Nations such as China, Japan, and India are making significant investments in smart supply chains, connected warehouses, and fleet management. Real-time tracking technologies are further driven by the growth of e-commerce and cross-border trade. Other factors aiding in market growth include government initiatives encouraging digital transformation and smart cities projects.
North America is anticipated to account for the fastest growth rate during the forecast period, owing to the growing implementation of IoT in logistics, healthcare, and cold chain monitoring. The region has seen strong technological infrastructure, adoption of AI and 5G, and strict regulations of asset security. IoT deployments are propelled by e-commerce growth, demand for automated fleet tracking, and increased focus on sustainability.
The major key players along with their products are
IBM – Maximo Asset Monitor
Cisco – IoT Control Center
Siemens – MindSphere Asset Tracking
Honeywell – Connected Assets Solution
AT&T – Fleet Complete
Verizon – Connect Asset Tracker
GE Digital – Asset Performance Management (APM)
Zebra Technologies – MotionWorks Enterprise Asset Tracking
Qualcomm – Snapdragon IoT Asset Tracker
Huawei – OceanConnect IoT Platform
Ericsson – IoT Accelerator Asset Management
SAP – SAP IoT Asset Intelligence Network
Bosch – Track and Trace IoT Suite
PTC – ThingWorx Asset Monitoring
Trimble – Asset Tracking Solution
June 2024 – Klika Tech Receives IoT Evolution Asset Tracking Award
Klika Tech was honored with the 2024 IoT Evolution Asset Tracking Award for its solution developed in collaboration with AWS and Seeed Studio, addressing connectivity challenges in deploying large fleets of low-power IoT devices.
June 2024 – Inpixon RTLS Honored for Third Consecutive Year
Inpixon's Real-Time Location System (RTLS) received the IoT Evolution Asset Tracking Award for the third year in a row, recognizing its excellence in indoor intelligence solutions.
October 2024 – Samsara Expands into Non-Vehicle Asset Tracking
Samsara introduced 'Asset Tag' devices to monitor non-vehicle assets, diversifying its IoT offerings beyond fleet management.
November 2024 – Life360 Adjusts Revenue Guidance Due to Supply Chain Delays
Life360 revised its full-year revenue forecast downward following a six-week supplier delay affecting new device sales, impacting its hardware revenue.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 4.5 Billion |
| Market Size by 2032 | US$ 13.1 Billion |
| CAGR | CAGR of 12.69 % From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Connectivity Type (Wi-Fi, Bluetooth, Cellular, NB-IoT, LoRaWAN, SigFox, GNSS, Ultra-wideband (UWB), Others) • By Application (Livestock Monitoring, Transportation & Logistics, Manufacturing, Cold Chain Monitoring, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | IBM, Cisco, Siemens, Honeywell, AT&T, Verizon, GE Digital, Zebra Technologies, Qualcomm, Huawei, Ericsson, SAP, Bosch, PTC, Trimble |
Ans - The IoT-based Asset Tracking and Monitoring Market was valued at USD 4.5 billion in 2023 and is expected to reach USD 13.1 billion by 2032.
Ans- The CAGR of the IoT-based Asset Tracking and Monitoring Market during the forecast period is 12.69% from 2024-2032.
Ans- North America is expected to register the fastest CAGR during the forecast period.
Ans- Businesses are adopting IoT-based tracking to improve asset security, efficiency, and supply chain management.
Ans- Compatibility challenges across various tracking technologies limit seamless integration and scalability.
Table of Content
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.2 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Application
5. Statistical Insights and Trends Reporting
5.1 Adoption Rate of IoT-based Asset Tracking Solutions, by Industry
5.2 Market Share of IoT Asset Tracking Technologies (GPS, RFID, BLE, NB-IoT, etc.)
5.3 Global IoT Asset Tracking Device Shipments, by Region
5.4 Reduction in Asset Loss and Theft Due to IoT-based Tracking Solutions, by Sector
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and supply chain strategies
6.4.3 Expansion plans and new product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. IoT-based Asset Tracking and Monitoring Market Segmentation, by Application
7.1 Chapter Overview
7.2 Livestock monitoring
7.2.1 Livestock monitoring Market Trends Analysis (2020-2032)
7.2.2 Livestock monitoring Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 Transportation & logistics
7.3.1 Transportation & logistics Market Trends Analysis (2020-2032)
7.3.2 Transportation & logistics Market Size Estimates and Forecasts to 2032 (USD Billion)
7.4 Manufacturing
7.4.1 Manufacturing Market Trends Analysis (2020-2032)
7.4.2 Manufacturing Market Size Estimates and Forecasts to 2032 (USD Billion)
7.5 Cold chain monitoring
7.5.1 Cold chain monitoring Market Trends Analysis (2020-2032)
7.5.2 Cold chain monitoring Market Size Estimates and Forecasts to 2032 (USD Billion)
7.6 Others
7.6.1Others Market Trends Analysis (2020-2032)
7.6.2Others Market Size Estimates and Forecasts to 2032 (USD Billion)
8. IoT-based Asset Tracking and Monitoring Market Segmentation, by Connectivity Type
8.1 Chapter Overview
8.2 Wi-Fi
8.2.1 Wi-Fi Market Trends Analysis (2020-2032)
8.2.2 Wi-Fi Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 Bluetooth
8.3.1 Bluetooth Market Trends Analysis (2020-2032)
8.3.2 Bluetooth Market Size Estimates and Forecasts to 2032 (USD Billion)
8.4 Cellular
8.4.1 Cellular Market Trends Analysis (2020-2032)
8.4.2 Cellular Market Size Estimates and Forecasts to 2032 (USD Billion)
8.5 NB-IoT
8.5.1NB-IoT Market Trends Analysis (2020-2032)
8.5.2 NB-IoT Market Size Estimates and Forecasts to 2032 (USD Billion)
8.6 LoRaWAN
8.6.1LoRaWAN Market Trends Analysis (2020-2032)
8.6.2 LoRaWAN Market Size Estimates and Forecasts to 2032 (USD Billion)
8.7 SigFox
8.7.1SigFox Market Trends Analysis (2020-2032)
8.7.2 SigFox Market Size Estimates and Forecasts to 2032 (USD Billion)
8.8 GNSS
8.8.1GNSS Market Trends Analysis (2020-2032)
8.8.2GNSS Market Size Estimates and Forecasts to 2032 (USD Billion)
8.9 Ultra-wideband (UWB)
8.9.1Ultra-wideband (UWB) Market Trends Analysis (2020-2032)
8.9.2Ultra-wideband (UWB) Market Size Estimates and Forecasts to 2032 (USD Billion)
8.10 Others
8.10.1Others Market Trends Analysis (2020-2032)
8.10.2Others Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Regional Analysis
9.1 Chapter Overview
9.2 North America
9.2.1 Trends Analysis
9.2.2 North America IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.2.3 North America IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.2.4 North America IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Connectivity Type (2020-2032) (USD Billion)
9.2.5 USA
9.2.5.1 USA IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.2.5.2 USA IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Connectivity Type (2020-2032) (USD Billion)
9.2.6 Canada
9.2.6.1 Canada IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.2.6.2 Canada IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Connectivity Type (2020-2032) (USD Billion)
9.2.7 Mexico
9.2.7.1 Mexico IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.2.7.2 Mexico IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Connectivity Type (2020-2032) (USD Billion)
9.3 Europe
9.3.1 Eastern Europe
9.3.1.1 Trends Analysis
9.3.1.2 Eastern Europe IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.3.1.3 Eastern Europe IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.1.4 Eastern Europe IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Connectivity Type (2020-2032) (USD Billion)
9.3.1.5 Poland
9.3.1.5.1 Poland IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.1.5.2 Poland IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Connectivity Type (2020-2032) (USD Billion)
9.3.1.6 Romania
9.3.1.6.1 Romania IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.1.6.2 Romania IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Connectivity Type (2020-2032) (USD Billion)
9.3.1.7 Hungary
9.3.1.7.1 Hungary IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.1.7.2 Hungary IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Connectivity Type (2020-2032) (USD Billion)
9.3.1.8 Turkey
9.3.1.8.1 Turkey IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.1.8.2 Turkey IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Connectivity Type (2020-2032) (USD Billion)
9.3.1.9 Rest of Eastern Europe
9.3.1.9.1 Rest of Eastern Europe IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.1.9.2 Rest of Eastern Europe IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Connectivity Type (2020-2032) (USD Billion)
9.3.2 Western Europe
9.3.2.1 Trends Analysis
9.3.2.2 Western Europe IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.3.2.3 Western Europe IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.4 Western Europe IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Connectivity Type (2020-2032) (USD Billion)
9.3.2.5 Germany
9.3.2.5.1 Germany IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.5.2 Germany IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Connectivity Type (2020-2032) (USD Billion)
9.3.2.6 France
9.3.2.6.1 France IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.6.2 France IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Connectivity Type (2020-2032) (USD Billion)
9.3.2.7 UK
9.3.2.7.1 UK IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.7.2 UK IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Connectivity Type (2020-2032) (USD Billion)
9.3.2.8 Italy
9.3.2.8.1 Italy IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.8.2 Italy IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Connectivity Type (2020-2032) (USD Billion)
9.3.2.9 Spain
9.3.2.9.1 Spain IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.9.2 Spain IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Connectivity Type (2020-2032) (USD Billion)
9.3.2.10 Netherlands
9.3.2.10.1 Netherlands IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.10.2 Netherlands IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Connectivity Type (2020-2032) (USD Billion)
9.3.2.11 Switzerland
9.3.2.11.1 Switzerland IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.11.2 Switzerland IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Connectivity Type (2020-2032) (USD Billion)
9.3.2.12 Austria
9.3.2.12.1 Austria IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by System (2020-2032) (USD Billion)
9.3.2.12.2 Austria IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Connectivity Type (2020-2032) (USD Billion)
9.3.2.13 Rest of Western Europe
9.3.2.13.1 Rest of Western Europe IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.13.2 Rest of Western Europe IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Connectivity Type (2020-2032) (USD Billion)
9.4 Asia Pacific
9.4.1 Trends Analysis
9.4.2 Asia Pacific IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.4.3 Asia Pacific IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.4 Asia Pacific IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Connectivity Type (2020-2032) (USD Billion)
9.4.5 China
9.4.5.1 China IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.5.2 China IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Connectivity Type (2020-2032) (USD Billion)
9.4.6 India
9.4.5.1 India IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.5.2 India IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Connectivity Type (2020-2032) (USD Billion)
9.4.5 Japan
9.4.5.1 Japan IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.5.2 Japan IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Connectivity Type (2020-2032) (USD Billion)
9.4.6 South Korea
9.4.6.1 South Korea IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.6.2 South Korea IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Connectivity Type (2020-2032) (USD Billion)
9.4.7 Vietnam
9.4.7.1 Vietnam IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.2.7.2 Vietnam IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Connectivity Type (2020-2032) (USD Billion)
9.4.8 Singapore
9.4.8.1 Singapore IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.8.2 Singapore IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Connectivity Type (2020-2032) (USD Billion)
9.4.9 Australia
9.4.9.1 Australia IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.9.2 Australia IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Connectivity Type (2020-2032) (USD Billion)
9.4.10 Rest of Asia Pacific
9.4.10.1 Rest of Asia Pacific IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.10.2 Rest of Asia Pacific IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Connectivity Type (2020-2032) (USD Billion)
9.5 Middle East and Africa
9.5.1 Middle East
9.5.1.1 Trends Analysis
9.5.1.2 Middle East IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.5.1.3 Middle East IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.1.4 Middle East IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Connectivity Type (2020-2032) (USD Billion)
9.5.1.5 UAE
9.5.1.5.1 UAE IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.1.5.2 UAE IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Connectivity Type (2020-2032) (USD Billion)
9.5.1.6 Egypt
9.5.1.6.1 Egypt IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.1.6.2 Egypt IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Connectivity Type (2020-2032) (USD Billion)
9.5.1.7 Saudi Arabia
9.5.1.7.1 Saudi Arabia IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.1.7.2 Saudi Arabia IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Connectivity Type (2020-2032) (USD Billion)
9.5.1.8 Qatar
9.5.1.8.1 Qatar IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.1.8.2 Qatar IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Connectivity Type (2020-2032) (USD Billion)
9.5.1.9 Rest of Middle East
9.5.1.9.1 Rest of Middle East IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.1.9.2 Rest of Middle East IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Connectivity Type (2020-2032) (USD Billion)
9.5.2 Africa
9.5.2.1 Trends Analysis
9.5.2.2 Africa IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.5.2.3 Africa IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.2.4 Africa IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Connectivity Type (2020-2032) (USD Billion)
9.5.2.5 South Africa
9.5.2.5.1 South Africa IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.2.5.2 South Africa IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Connectivity Type (2020-2032) (USD Billion)
9.5.2.6 Nigeria
9.5.2.6.1 Nigeria IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.2.6.2 Nigeria IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Connectivity Type (2020-2032) (USD Billion)
9.5.2.7 Rest of Africa
9.5.2.7.1 Rest of Africa IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.2.7.2 Rest of Africa IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Connectivity Type (2020-2032) (USD Billion)
9.6 Latin America
9.6.1 Trends Analysis
9.6.2 Latin America IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.6.3 Latin America IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.6.4 Latin America IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Connectivity Type (2020-2032) (USD Billion)
9.6.5 Brazil
9.6.5.1 Brazil IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.6.5.2 Brazil IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Connectivity Type (2020-2032) (USD Billion)
9.6.6 Argentina
9.6.6.1 Argentina IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.6.6.2 Argentina IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Connectivity Type (2020-2032) (USD Billion)
9.6.7 Colombia
9.6.7.1 Colombia IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.6.7.2 Colombia IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Connectivity Type (2020-2032) (USD Billion)
9.6.8 Rest of Latin America
9.6.8.1 Rest of Latin America IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.6.8.2 Rest of Latin America IoT-based Asset Tracking and Monitoring Market Estimates and Forecasts, by Connectivity Type (2020-2032) (USD Billion)
10. Company Profiles
10.1 IBM
10.1.1 Company Overview
10.1.2 Financial
10.1.3 Products/ Services Offered
110.1.4 SWOT Analysis
10.2 Cisco
10.2.1 Company Overview
10.2.2 Financial
10.2.3 Products/ Services Offered
10.2.4 SWOT Analysis
10.3 Siemens
10.3.1 Company Overview
10.3.2 Financial
10.3.3 Products/ Services Offered
10.3.4 SWOT Analysis
10.4 Honeywell
10.4.1 Company Overview
10.4.2 Financial
10.4.3 Products/ Services Offered
10.4.4 SWOT Analysis
10.5 AT&T
10.5.1 Company Overview
10.5.2 Financial
10.5.3 Products/ Services Offered
10.5.4 SWOT Analysis
10.6 Verizon
10.6.1 Company Overview
10.6.2 Financial
10.6.3 Products/ Services Offered
10.6.4 SWOT Analysis
10.7 GE Digital
10.7.1 Company Overview
10.7.2 Financial
10.7.3 Products/ Services Offered
10.7.4 SWOT Analysis
10.8 Zebra Technologies
10.8.1 Company Overview
10.8.2 Financial
10.8.3 Products/ Services Offered
10.8.4 SWOT Analysis
10.9 Qualcomm
10.9.1 Company Overview
10.9.2 Financial
10.9.3 Products/ Services Offered
10.9.4 SWOT Analysis
10.10 Huawei
10.9.1 Company Overview
10.9.2 Financial
10.9.3 Products/ Services Offered
10.9.4 SWOT Analysis
11. Use Cases and Best Practices
12. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Key Segments:
By Connectivity Type
Wi-Fi
Bluetooth
Cellular
NB-IoT
LoRaWAN
SigFox
GNSS
Ultra-wideband (UWB)
Others
By Application
Livestock monitoring
Transportation & logistics
Manufacturing
Cold chain monitoring
Others
Request for Segment Customization as per your Business Requirement: Segment Customization Request
Regional Coverage:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Request for Country Level Research Report: Country Level Customization Request
Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Detailed Volume Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Competitive Product Benchmarking
Geographic Analysis
Additional countries in any of the regions
Customized Data Representation
Detailed analysis and profiling of additional market players
Robotic Process Automation Market size was valued at USD 2.8 Billion in 2023 and is expected to grow to USD 38.4 Billion by 2032 and grow at a CAGR of 33.8% over the forecast period of 2024-2032.
The Mobile Wallet Market was valued at USD 9.9 billion in 2023 and is expected to reach USD 89.3 billion by 2032, growing at a CAGR of 27.66% over 2024-2032.
The E-passport Market was valued at USD 32.67 Billion in 2023 and is expected to reach USD 145.45 Billion by 2032, growing at a CAGR of 18.08% over the forecast period 2024-2032.
Cloud Infrastructure Services Market size was valued at USD 289.7 Bn in 2023 and is expected to reach USD 784.2 Bn by 2032 and grow at a CAGR of 11.7 % over the forecast period 2024-2032.
The Cryptocurrency Market was valued at USD 5.08 billion in 2023 and will reach USD 15.39 Billion by 2032, growing at a CAGR of 13.13% by 2032.
The Peer to Peer Lending Market was valued at USD 5.94 billion in 2023 and is expected to grow to USD 30.54 billion by 2032 and grow at a CAGR of 20% over the forecast period of 2024-2032.
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