Rapid Growth Expected in IoT Based Asset Tracking and Monitoring Market: Drivers, Key Players and Future Trends

Impelled by advancements such as AI integration, the global IoT based asset tracking and monitoring market prospectively expands from $5.56 billion to $9.62 billion between 2025 and 2029.

What Is The Projected Market Size Of The Global IoT Based Asset Tracking and Monitoring Market And Its Growth Rate?
The global IoT based asset tracking and monitoring market is witnessing significant expansion:
• The market grew from $5.06 billion in 2024 to $5.56 billion in 2025 at a CAGR of 9.9%.
• The size of the IoT based asset tracking and monitoring market is projected to further increase to $9.62 billion by 2029 at a CAGR of 14.7%.

What Is Driving The Growth In The IoT Based Asset Tracking And Monitoring Market?
The IoT based asset tracking and monitoring market is propelled by the rising demand for advanced monitoring solutions. Products integrated with intelligence technologies like sensor networks are in demand as they enhance safety, security, and convenience by providing real-time visibility into critical asset locations. The expected surge in the number of IoT-connected devices, underlined by predictions of 43 billion connections by 2023 and significant growth in self-driving vehicles, is testament to the rising application and relevance of these monitoring solutions.

Request A Free Sample Copy: https://www.thebusinessresearchcompany.com/sample.aspx?id=8349&type=smp

Who Are the Key Players Driving IoT Based Asset Tracking And Monitoring Market Growth?

Major companies operating in the IoT based asset tracking and monitoring market include:
•Quectel Wireless Solution Co. Ltd.
•Fibocom Wireless Inc.
•Sierra Wireless Inc.
•Telit Corporate Group
•u-blox AG
•Sequans Communications S.A.
•Nordic Semiconductor ASA
•GosuncnWelink Corporation
•Laird Connectivity LLC
•Thales Group
•Semtech Corporation

What Are The Key Trends In The IoT Based Asset Tracking And Monitoring Market?

Key trends observed in the IoT based asset tracking and monitoring market include:
•Integration of IoT devices.
•Demand for supply chain optimization.
•Advancements in sensor technology.
•Increase in industrial IoT adoption.
•Focus on fleet management.

What Are The Segments Of The Global IoT Based Asset Tracking And Monitoring Market?

The global IoT based asset tracking and monitoring market segments include:
1) By Connectivity Type: Wi-Fi, Bluetooth, Cellular, NB-IoT, LoRa, SigFox, UWB, GNSS, Other Connectivity Types
2) By Technology: Device Management, Application Management, Network Management
3) By Application: Livestock Monitoring, Automotive, Railways, Aviation, Manufacturing, Cold Chain Monitoring, Other Applications

Which Region Leads The IoT Based Asset Tracking And Monitoring Market?
North America emerged as the market leader in the IoT-based asset tracking and monitoring market in 2024. However, other regions such as Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa also show promising growth.

Pre-book the Report for Swift Delivery: https://www.thebusinessresearchcompany.com/report/iot-based-asset-tracking-and-monitoring-global-market-report

What Is Covered In The IoT Based Asset Tracking And Monitoring Market Global Market Report?
- Market Size Analysis: Analyze the IoT Based Asset Tracking And Monitoring Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the IoT Based Asset Tracking And Monitoring Market for effective categorization.
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall IoT Based Asset Tracking And Monitoring Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the IoT Based Asset Tracking And Monitoring Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

Request Customization for This Report: https://www.thebusinessresearchcompany.com/Customise?id=8349&type=smp

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.