Asset Tracking Market In Depth Analysis, Growth Strategies and Comprehensive Forecast 2032 | Actsoft Inc. (US), Touma Incorporated (Asap Systems) (US), SAP SE (Germany)

The asset tracking sector is undergoing swift changes spurred by the merging of Industry 4.0 and global smart manufacturing efforts. Cutting-edge digital technologies are transforming the way companies oversee and control their assets, as real-time asset monitoring grows ever more vital for operational effectiveness. The incorporation of advanced asset tracking systems has become especially crucial as companies aim to enhance their resource efficiency and reduce losses

The development of industrial asset tracking technology has grown from basic location tracking to include thorough asset lifecycle management. Contemporary tracking solutions integrate various technologies, such as GPS, RFID, Bluetooth Low Energy (BLE), and Ultra-Wideband (UWB), to enable accurate tracking both indoors and outdoors. These systems are progressively being improved with artificial intelligence and machine learning features to forecast maintenance requirements, maximize asset use, and avert possible losses

The Asset Tracking Market is Valued USD 19.1 billion in 2022 and projected to reach USD 54.3 billion by 2030, growing at a CAGR of 14.1% During the Forecast period of 2024-2032.

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The report presents authenticated data derived from extensive primary and secondary research. By analysing historical growth trends and the current market landscape, it aims to provide actionable insights and forecasts for global and regional market growth. It takes into account revenue generated from report sales and related technologies across various application segments while exploring market data tables. Key market factors, including macroeconomic conditions, the overall market environment, government policies, and the competitive landscape, are carefully examined to ensure a comprehensive analysis.

Top companies covered in this report: Actsoft Inc. (US), Airgain, Energous Corporation and Identiv Inc., Touma Incorporated (Asap Systems) (US), SAP SE (Germany), Microsoft Corporation (US), Honeywell International Inc. (US), IBM Corporation (US), Asset Panda (US), AT&T Inc. (US), GigaTrak (P&T Solutions Inc.) (US), OnAsset Intelligence Inc. (US), Fleet Complete (Canada), Oracle Corporation (US), Spireon Inc. (US), Trimble Inc. (US), Zebra Technologies Corporation (US), Verizon Communications Inc. (US), Ubisense Limited (UK), Wasp Barcode Technologies Inc. (Datalogic S.p.A.) (Italy), Tenna (US) & others.

Industry News:

February 2024: Airgain announced a new program that will allow customers who purchase the Lenovo ThinkEdge SE360 V2 Servers to purchase Airgain's cellular-based AT6 Asset Tracker. These devices will fit inside a dedicated compartment built into the server with minimal installation. The asset trackers complement Lenovo's existing, robust security solutions built into the server. Adding the AT6 Asset Tracker empowers customers to track and recover servers that go missing and helps businesses address additional security requirements.

December 2023: Energous Corporation and Identiv Inc. joined forces to introduce real-time asset tracking for supply chain and logistics applications. This partnership aims to use Energous PowerBridge technology to wirelessly power Identiv's ID-Pixels tags, allowing for accurate and reliable sensor measurements throughout the supply chain, including in cold chain logistics. The collaborative solution is expected to provide more dependable and consistent power than disposable batteries and charging cables for many IoT sensors in the logistics industry. This will result in reduced maintenance, lower costs, shorter setup times, and improved precision, safety, and user-friendliness.

Asset Tracking Market Segmentation:

Asset Tracking Market, By Component
Hardware
Software

Asset Tracking Market, By Deployment
Cloud Based
On-Premise

Asset Tracking Market, By Organization Size
Small and Medium-sized Enterprises (SMEs)
Large Enterprises

Asset Tracking Market, By End-Uses
Transportation and Logistics
Aviation
Healthcare
Manufacturing
Food and Beverages
Others

Regional Analysis

North America (USA and Canada)
Europe (UK, Germany, France and rest of Europe)
Asia-Pacific (China, Japan, India, and Rest of Asia Pacific)
Latin America (Brazil, Mexico, and Rest of Latin America)
Middle East and Africa (GCC and Rest of the Middle East and Africa)

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Important Features of the reports:

- Detailed analysis of the Asset Tracking Market
- Fluctuating market dynamics of the industry
- Detailed market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape of the Asset Tracking Market
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising growth
- A neutral perspective towards Asset Tracking Market performance.

The report provides insights on the following pointers:

Market Penetration: Comprehensive information on the product portfolios of the top players in the Asset Tracking Market.

Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the market.

Competitive Assessment: In-depth assessment of the market strategies, and geographic and business segments of the leading players in the market.

Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies.

Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Asset Tracking Market

How big will the market and growth rate be in 2032?

What are the key drivers for the global Asset Tracking Market?
What are the major market trends influencing the growth of the global Asset Tracking Market?
What are the challenges for market growth?
Who are the key vendors in the global Asset Tracking Market?
What market opportunities and threats are vendors facing in the global Asset Tracking Market?
What are the main findings of the five forces analysis of the global Asset Tracking Market?

Conclusion: At the end of the Asset Tracking Market report, all findings and estimates are presented. It also includes key drivers and opportunities and regional analysis. The Segment analysis is also provided in terms of type and application.

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