Press release
Asset Tracking Market Worth US$ 33.5 Billion by 2028 - Exclusive Report By IMARC Group
The latest research study by IMARC Group, "Asset Tracking Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" offers a comprehensive analysis of the industry, which comprises insights on global asset tracking market Share. The market size reached US$ 15.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 33.5 Billion by 2028, exhibiting a growth rate (CAGR) of 12.7% during 2023-2028.Asset tracking refers to the process of tracking the physical assets of an organization by scanning barcode labels attached utilizing a radio-frequency identification (RFID) or global positioning system (GPS). It comprises of diverse software and hardware components that provide real-time and accurate data for an effective asset management system. Asset tracking solutions help upgrade or replace multiple assets while saving expenses and time. They offer several benefits, which include centralizing data with asset management software, improving value with asset utilization reports, enhancing asset lifecycle maintenance, strengthening asset management protocols, and achieving greater security for assets. Consequently, asset tracking systems find widespread applications across numerous sectors, such as transportation, food and beverage (F&B), aviation, healthcare, manufacturing, etc.
Request a free sample brochure: https://www.imarcgroup.com/asset-tracking-market/requestsample
Asset Tracking Market Trends and Drivers:
The increasing requirement among organizations to streamline operations and optimize the use of existing resources across countries is primarily driving the global asset tracking market. Additionally, the escalating employment of these solutions to save costs and ensure a higher return on investment (RoI) is acting as another significant growth-inducing factor. Besides this, the inflating demand for asset tracking in healthcare establishments to enhance workforce safety and patient care and the growing usage of geographical information systems (GIS) in the transportation segment, owing to the extensive availability of orthorectified images through satellites, is also positively influencing the market growth. Moreover, the expanding integration of predictive maintenance, artificial intelligence (AI), augmented reality (AR), internet of things (IoT), telematics, and digital twin, in asset tracking for improved planning and maintenance of assets is further stimulating the global market. Apart from this, the shifting preferences toward cloud-based solutions in large enterprises for eliminating the need to install additional hardware and store the data in various data centers are expected to propel the global asset tracking market over the forecasted period.
Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/asset-tracking-market
Asset Tracking Market Report Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
• 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.
The report has been segmented the market into following categories:
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
By Geography:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa
Key highlights of the report:
• Market Performance (2017-2022)
• Market Outlook (2023- 2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Browse Other Reports By IMARC Group:
• https://www.imarcgroup.com/catalyst-market
• https://www.imarcgroup.com/tablet-market
• https://www.imarcgroup.com/boric-acid-market
• https://www.imarcgroup.com/formic-acid-market
• https://www.imarcgroup.com/breakfast-cereals-market
• https://www.imarcgroup.com/generative-ai-market
Contact Us:
IMARC Services Private Limited.
30 N Gould St Ste R
Sheridan, WY 82801 USA - Wyoming
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Asset Tracking Market Worth US$ 33.5 Billion by 2028 - Exclusive Report By IMARC Group here
News-ID: 2985343 • Views: …
More Releases from IMARC Group

India Seafood Market Outlook 2025-2033: Key Trends, Size, Share and Growth Insig …
As indicated in the latest market research report published by IMARC Group, titled "India Seafood Market Report by Type (Fish, Shrimps, Others), Form (Fresh/Chilled, Frozen/Canned, Processed), Distribution Channel (Off Trade, On Trade), and Region 2025-2033," this report provides an in-depth analysis of the industry, featuring insights into the market. It encompasses competitor and regional analyses, as well as recent advancements in the market.
Market Size & Future Growth Potential:
The India seafood…

India Mutual Funds Market: Size, Share, Trends, Growth and Industry Outlook 2025 …
Mutual Funds Market in India 2025:
Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Market Size in 2024: USD 2.50 Billion
Market Size in 2033: USD 5.90 Billion
Market Growth Rate (CAGR) 2025-2033: 10.03%
How Big is the India Mutual Funds Industry?
The India mutual funds market size reached USD 2.50 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 5.90 Billion by 2033, exhibiting a growth rate (CAGR) of 10.03% during 2025-2033.
Request…

Dimethyl Ether Market Valuation to Reach USD 15.73 Billion by 2033 - Industry Ex …
Market Overview:
The dimethyl ether market is experiencing significant growth momentum, driven by increasing demand for cleaner fuel alternatives, expanding applications in various industries, and supportive government policies promoting sustainable energy solutions. According to IMARC Group's latest research publication, "Dimethyl Ether Market Size, Share, Trends and Forecast by Raw Material, Application, End-Use Industry, and Region, 2025-2033", the global dimethyl ether market size reached USD 7.22 Billion in 2024. Looking forward, IMARC…

Glucometer Manufacturing Plant Report 2025: Unit Setup, Cost and Requirements, P …
Setting up a glucometer manufacturing plant requires thorough market research alongside a minute understanding of numerous operating factors such as unit processes, purchasing of raw materials, utility supply, infrastructure creation, equipment and technology specifications, human resource planning, logistics, and cash outlay.
IMARC Group's report titled "Glucometer Manufacturing Plant Cost Analysis Report 2025: Industry Trends, Plant Setup, Machinery, Raw Materials, Investment Opportunities, Cost and Revenue" offers a comprehensive guide for establishing a…
More Releases for Asset
Asset Performance Management Market Is Driven By Asset Performance Management In …
Asset Performance Management (APM) has emerged as a critical solution for industries aiming to enhance the performance, reliability, and efficiency of their assets. APM systems utilize data analytics, predictive maintenance, and monitoring technologies to optimize asset performance, minimize downtime, and maximize operational efficiency. The global Asset Performance Management market is characterized by key drivers and notable trends that are reshaping how industries manage and maintain their critical assets.
Download Free PDF…
Asset Management Software
In today's dynamic business landscape, efficient asset management is more critical than ever. Sunsmart Asset Management Software is designed to empower organizations of all sizes and industries to streamline their asset-related processes, enhance control, and maximize the value of their assets.
Key Features and Benefits:
Comprehensive Asset Tracking: Our software provides a centralized platform to track and manage assets, offering real-time visibility into asset location, condition, and history, reducing the risk of…
Asset Evaluation Service Market 2023-2030 Comprehensive Research Study and Stron …
Infinity Business Insights published a new research publication on Asset Evaluation Service Market Insights, to 2030 with 113+ pages and enriched with self-explained Tables and charts in presentable format. The worldwide Asset Evaluation Service market is expected to grow at a booming CAGR during 2023-2030. It also shows the importance of the Asset Evaluation Service market main players in the sector, including their business overviews, financial summaries, and SWOT assessments.
The…
Data Asset Map System Market Rising emphasis on data management and asset tracki …
Global Data Asset Map System Market Overview:
The Data Asset Map System market is a broad category that includes a wide range of products and services related to various industries. This market comprises companies that operate in areas such as consumer goods, technology, healthcare, and finance, among others.
In recent years, the Data Asset Map System market has experienced significant growth, driven by factors such as increasing consumer demand, technological advancements, and…
Big Boom in Asset Recovery Software Market 2020-2027 |HPE , Terrapin Systems , C …
According to a report on Asset Recovery Software Market, recently added to the vast repository of Research N Reports, the global market is likely to gain significant impetus in the near future. The report, titled “Global Asset Recovery Software Market Research Report 2020,” further explains the major drivers manipulating industry, the possibility of development, and the challenges going up against the administrations and industrialists in the market. This research study…
Crypto Asset Management Market | Digital Asset Custody Company, Crypto Finance A …
Global Crypto Asset Management Market: Snapshot
The demand within the global market for crypto asset management has been rising on account of advancements in the field of crypto currency. The past years have been an era of advancements in the global digital industry and have paved way for several new technologies. In this stampede of digital transformations, crypto currency has emerged as a matter of discussion and recourse. Hence, the global…