Global Asset Tracking Market 2023 – 2028: Inexpensive Connectivity and Machine-to-machine Communications Equipment & Services Drives Growth – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Global Asset Tracking Market by Infrastructure (Platform, Software, Services), Connection Type, Mobility (Fixed, Portable, Mobile), Location Method (GPS, Beacons, RFID, Others), Solution Type, Supporting Technology and Industry Verticals 2023-2028” report has been added to ResearchAndMarkets.com’s offering.
This report evaluates asset tracking technologies, solutions, and the overall asset management and logistics ecosystem including major players, strategies and market positioning. The report evaluates the impacts of use case-specific considerations in terms of asset tracking technology and solution selection.
The report analyzes the asset tracking market by asset value including low, medium, and high-value assets. The report provides analysis and forecasts by technology, components, infrastructure, solutions and much more. This includes analysis and forecasts for asset tracking globally, regionally, and by major countries from 2023 through 2028.
Companies Mentioned
- Abeeway (Actility)
- Actsoft Inc.
- Advanced Tracking Technologies Inc. (Advantrack)
- AHRMA
- Alphabet International GmbH
- Apptricity
- Arvento Mobile Systems
- ASAP Systems
- AssetPanda
- Astrocast
- AT&T
- Azuga (Bridgestone Company)
- Blackberry (Radar, QNX)
- Blue Tree Systems (ORBCOMM)
- Blue Yonder Group Inc.
- Bosch Connected Devices and Solutions GmbH
- Brilliant Info Systems Pvt. Ltd.
- CalAmp
- Chekhra
- ClearPath GPS Inc.
- CLS (Collecte Localisation Satellites)
- Datalogic S.P.A
- DriveFactor (CCC Information Services Inc.)
- Entigral Systems Inc.
- Epicor Software Corporation
- EquipmentShare
- Fi (Barking Labs)
- Findster Technologies
- Fleet Complete
- Fleet Safety International (FSI)
- Fleetilla LLC
- Fleetistics
- FleetManager
- FleetMind (Safe Fleet Holdings)
- Fleetup
- Freshworks
- Geotab Inc.
- GigaTrack
- Global Satellite Engineering (GSAttrack)
- Globalstar
- Go Fleet
- GPS Insight
- GPS Trackit Communications LLC
- Gurtam
- Hiber B.V.
- Holman Inc.
- Honeywell International Inc.
- IBM Corporation
- Impinj Inc.
- Inseego Corp.
- Intouch GPS (GPSTrackit)
- Iridium Communications Inc.
- Jolly Technologies Inc.
- Kineis
- Litum IoT
- LocoNav
- Lowry Solutions
- And Many More Companies!
Select Report Findings:
- Global asset tracking market will reach $72.4B by 2028, growing at 18.3% CAGR
- Global asset tracking market for AI-embedded devices to grow at 33.1% through 2028
- While fleet comprises over 77% of the market, non-fleet asset tracking is growing 18% faster
- Asset tracking solutions are becoming increasingly more attractive for sub-$1,000 book value assets
- The asset management and logistics market will witness considerable vendor consolidation through 2030
- Leading companies will integrate asset management, logistics and connected-device security as combined solutions
- IoT supported asset tracking market will account for over 90% of all connected enterprise and industrial solutions by 2030
Asset Tracking Market Constraints and Opportunities
The market remains constrained by a relatively low number of enterprise-connected assets across certain important asset classes. Leading asset tracking solution companies are focusing on the asset value to a business or governmental organization rather than the book value of the asset itself.
However, the overall asset tracking market has witnessed substantial economies of scale improvements in recent years due to inexpensive connectivity and machine-to-machine communications equipment and services. Increased penetration and usage of advanced IoT solutions leveraging M2M and other supporting technologies enable anytime, anywhere, and any type of asset tracking.
Fleet and Non-Fleet Asset Tracking Market
There are substantial factors to consider when approaching the broader asset tracking market, which includes asset class, value, and degree of mobility. Whereas asset tracking has historically been largely fleet-focused (commercial trucks, trailers, vans, and cars), there is great potential for expansion towards non-vehicle related assets.
This is exemplified by the growing trend for RFID-based “slap-and-track” solutions for shipping, supply chain management, and enterprise logistics such as tracking low to medium-value assets such as business equipment and supplies. Slap-and-track asset tracking solutions are useful for more than just shipping-related use cases as they are also used for connected-asset monitoring and loss prevention.
Asset Tracking Market by Asset Value
Leading asset tracking solution companies are focusing on the asset value to a business or governmental organization rather than the book value of the asset itself. A consultative sales approach is necessary to inform enterprises, first of the value of interconnecting business assets, and secondly, demonstrative asset tracking outcomes that bring value straight to the bottom line.
Technology Integration in the Asset Tracking Market
The asset tracking market leverages a wide range of technologies, which are typically utilized based on a few key factors including cost, availability, and form factor of the asset to be tracked. While historically disparate technologies have been implemented on a silo basis, we see the asset tracking market evolving to a more integrative approach.
Key Topics Covered:
1. Executive Summary
2. Introduction
3. Asset Tracking Technology and Application Analysis
4. Asset Tracking Company Analysis
5. Asset Tracking Market Analysis and Forecasts 2023-2028
6. Conclusions and Recommendations
For more information about this report visit https://www.researchandmarkets.com/r/v9h9i5
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