The Surging Growth Of Wireless Asset Management In The IOT ERA: Critical Driver Shaping the Global Wireless Asset Management Market in 2025

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Wireless Asset Management Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In the past few years, the market size of wireless asset management has seen a significant increase. The projected growth is from $24.8 billion in 2024 to $27.84 billion in 2025, with a compound annual growth rate (CAGR) of 12.3%. This substantial growth during the historic period can be linked to various factors such as the mounting need for effective asset tracking, a surge in the use of IoT devices, expansion in the e-commerce sector, a rising demand for real-time monitoring, and the universalization of supply chains.

Wireless Asset Management Market Size Forecast: What's the Projected Valuation by 2029?
Rapid expansion is projected for the wireless asset management market in the upcoming years, with the market capital set to increase to $51.43 billion in 2029, reflecting a compound annual growth rate (CAGR) of 16.6%. This surge during the forecast period can be linked to factors like the development of 5g networks, focus on optimizing the supply chain, growing call for connected devices, emergence of smart factories, and the boom in e-commerce activities. The forecast period will also see prominent trends such as the utilization of edge computing for real-time analytics, the implementation of blockchain in asset management, emphasis on eco-friendly asset tracking solutions, integration of augmented reality (AR) for maintenance tasks, and the application of machine learning for predictive maintenance.

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What Are the Drivers Transforming the Wireless Asset Management Market?
The wireless asset management market's growth trajectory is projected to receive a significant boost as a consequence of the escalating usage of the Internet of Things (IoT). IoT represents a series of interconnected computing devices, electronic and mechanical machinery, each bearing unique identities (UIDs), and capable of transferring data without requiring any form of human contact or interaction. The facilitation of real-time asset tracking through IoT transforms the process of asset management and administration. With the assistance of IoT sensors and devices, businesses are empowered to keep track of their assets' location, condition, and movement consistently. In March 2023, a report by the Global Mobile Supplier Association (GSA), a not-for-profit industry body based in the UK representing mobile communication industry suppliers, disclosed that global IoT connections in 2022 totalled 13.2 billion. This figure is predicted to surge by 18% to a whopping 34.7 billion by 2028. In light of these factors, the growing prevalence of IoT is contributing to the expansion of the wireless asset management market.

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What Long-Term Trends Will Define the Future of the Wireless Asset Management Market?
Major players in the wireless asset management market are concentrating on the development and introduction of innovative solutions such as cloud-based plant asset monitoring systems to strengthen their capabilities and hold a competitive position. Cloud-based plant asset monitoring systems are digital solutions that employ cloud technology to oversee and manage the performance and status of equipment in real time, thus boosting operational efficiency and facilitating predictive maintenance. For example, in June 2022, the IT firm Yokogawa Electric Corporation, based in Japan, unveiled OpreX Asset Health Insights. This is a cloud-supported asset monitoring service of Yokogawa, which bolsters operational efficiency by offering instantaneous data and analytics propelled by AI, furnishing a thorough perception of asset performance. It offers active management of a wide array of asset types, minimizes downtime and enhances maintenance in numerous sectors.

Which Segments in the Wireless Asset Management Market Offer the Most Profit Potential?
The wireless asset managementmarket covered in this report is segmented -

1) By Component: Hardware, Software
2) By Application: Asset Monitoring, Loss Prevention, Automate Inventory Control, Other Applications
3) By End-User: Healare, Retail, Oil And Gas, Transportation And Logistics, Manufacturing, Energy And Utilities, Other End-User

Subsegments:
1) By Hardware: RFID Tags, RFID Readers, Sensors, Mobile Devices
2) By Software: Asset Tracking Software, Inventory Management Software, Analytics And Reporting Tools, Integration Software

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Which Firms Dominate the Wireless Asset Management Market by Market Share and Revenue in 2025?
Major companies operating in the wireless asset management market include Microsoft Corporation, Verizon Communications Inc., AT&T Inc., Huawei Technologies Co. Ltd., Hitachi Ltd., Amazon Web Services Inc., T-Mobile US Inc., Siemens AG, General Electric Company, Panasonic Corporation, International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation, Honeywell International Inc., SAP SE, Fujitsu Limited, Hewlett Packard Enterprise Company, Infosys Limited, Stanley Black & Decker Inc., Motorola Solutions Inc., Zebra Technologies Corporation, Trimble Inc., Infor Inc., Hyster-Yale Group Inc., Horizons Incorporated

Which Regions Offer the Highest Growth Potential in the Wireless Asset Management Market?
Asia-Pacific was the largest region in the wireless asset management market in 2024, and is expected to be the fastest-growing region in the forecast period. The regions covered in the wireless asset management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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