Asset Tracking Market Projected to Reach USD 92.59 Billion by 2034, Growing at a CAGR of 14.5%

Polaris Market Research announces the release of its latest study on the Asset Tracking Market. It offers comprehensive insights into all the key market aspects, including industry trends, market dynamics, competitive landscape, and strategic developments. The report is designed to help stakeholders make strategic decisions in the rapidly evolving market landscape.

According to the findings, the market stood at USD 23.86 billion in 2024 and is expected to reach reach USD 92.59 billion by 2034. It is anticipated to register a CAGR of CAGR of 14.5% from 2025 to 2034.

What is Asset Tracking Market?
The Asset Tracking Market refers to the industry focused on technologies and solutions used to monitor and manage physical assets in real time. It includes systems like GPS, RFID, and IoT to improve visibility, reduce loss, enhance operational efficiency, and optimize asset utilization across industries such as logistics, manufacturing, and construction.

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What Is the Report Scope?
• Provides a comprehensive analysis of the market, including historical data, current trends, and future projections.

• Covers both qualitative and quantitative insights to support strategic decision-making.

• Examines key market segments and sub-segments to offer an in-depth market assessment.

• Includes detailed regional analysis covering major geographic markets.

• Assesses the competitive landscape with profiles of leading players, recent developments, and strategic initiatives.

What Is the Asset Tracking Industry Developments?
May 2025: Life360 introduced Smartpin, a self-serve asset-tracking platform that utilizes over 80 million Bluetooth access points to deliver real-time visibility of unpowered assets. Designed for ease of use, it requires no infrastructure and can scale from tracking small tools to entire fleets.
March 2025: UnaBiz unveiled DIS-Echo, an innovative asset-tracking solution powered by Sigfox 0G and high-frequency beaconing technology. It offers a cost-effective and scalable way to monitor logistics and industrial assets across various facilities and supply chains.

June 2024: Vodafone's grandcentrix launched the Asset Tracker Construction, a durable GPS tracking device built to monitor equipment in rugged environments like construction sites. The device enhances asset visibility and durability, catering to the demands of industrial asset management.

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Who Are Market Key Players?
This market features dynamic competition where prominent organizations continuously innovate and pursue strategic alliances to expand their market share and influence. Key Asset Tracking Market participants include:

• Actsoft.com
• ASAP Systems
• Asset Panda
• AT&T Inc.
• Fleet Complete
• GigaTrak (P&T Solutions Inc.)
• OnAsset Intelligence Inc.
• Qualcomm Technologies Inc.
• Samsara Inc.
• Spireon Inc.
• Tenna
• Trimble Inc.
• Verizon
• Wasp Barcode Technologies

Which Region Leads Market Demand?
The global market exhibits varied growth patterns across regions, with certain areas leading due to strong industrial presence, higher investment levels, and favorable economic conditions.

Asset Tracking Market, Regional Outlook (Revenue, USD Billion, 2020-2034)
 North America
 Component Outlook
 Hardware
 Software
 Services

 Deployment Outlook
 Cloud
 On-Premise
 Technology Outlook
 RFID (Radio-Frequency Identification)
 M2M/IoT
 GPS
 Barcode
 Others

 Enterprise Size Outlook
 Large Enterprises
 SMEs
 End Use Outlook
 Transportation & Logistics
 Manufacturing
 Healthcare
 Retail & E-commerce
 Aviation
 Government
 Others
 Europe

 Component Outlook
 Hardware
 Software
 Services

 Deployment Outlook
 Cloud
 On-Premise
 Technology Outlook
 RFID (Radio-Frequency Identification)
 M2M/IoT
 GPS
 Barcode
 Others

 Enterprise Size Outlook
 Large Enterprises
 SMEs
 End Use Outlook
 Transportation & Logistics
 Manufacturing
 Healthcare
 Retail & E-commerce
 Aviation
 Government
 Others

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How Is Market Segmentation Done?
The market segmentation section provides a clearer understanding of demand patterns and growth opportunities across different segments. The market is segmented based on the following key parameters:

Asset Tracking Market, Component Outlook (Revenue, USD Billion, 2020-2034)
• Hardware
• Software
• Services

Asset Tracking Market, Deployment Outlook (Revenue, USD Billion, 2020-2034)
• Cloud
• On-Premise

Asset Tracking Market, Technology Outlook (Revenue, USD Billion, 2020-2034)
• RFID (Radio-Frequency Identification)
• M2M/IoT
• GPS
• Barcode
• Others

Asset Tracking Market, Enterprise Size Outlook (Revenue, USD Billion, 2020-2034)
• Large Enterprises
• SMEs

Asset Tracking Market, End Use Outlook (Revenue, USD Billion, 2020-2034)
• Transportation & Logistics
• Manufacturing
• Healthcare
• Retail & E-commerce
• Aviation
• Government
• Others

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