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Asset Tracking Market Report by Component (Hardware, Software), Deployment Mode (On-premises, Cloud-based), Organization Size (Large Enterprises, Small and Medium sized Enterprises), End Use Industry (Transportation and Logistics, Aviation, Healthcare, Manufacturing, Food and Beverages, and Others), and Region 2024-2032

March 2024 | 144 pages | ID: A4012C590817EN
IMARC Group

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The global asset tracking market size reached US$ 17.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 45.8 Billion by 2032, exhibiting a growth rate (CAGR) of 11.08% during 2024-2032.

Asset tracking is the process of tracking the physical assets of the organization by scanning barcode labels attached using a global positioning system (GPS) or a radio-frequency identification (RFID). It provides real-time and accurate data for an efficient asset management system. It helps upgrade or replace various assets while saving time and expenses. It offers several benefits, such as centralizing data with asset management software, increasing value with asset utilization reports, improving asset lifecycle maintenance, achieving greater security for assets, and strengthening asset management protocols. As a result, asset tracking finds extensive applications in the food and beverage (F&B), transportation, aviation, healthcare, and manufacturing industries.

Asset Tracking Market Trends:
At present, there is a rise in the demand for asset tracking in various organizations to streamline operations and optimize the utilization of existing resources worldwide. This, along with the growing employment of asset tracking solutions to save costs, enhance profits, and improve the return on investment (RoI), represents one of the key factors driving the market. Besides this, the increasing demand for asset tracking in the healthcare industry to improve workforce safety and patient care is contributing to the growth of the market. In addition, the growing utilization of geographical information systems (GIS) in the transportation sector due to the wide availability of orthorectified images through satellites is positively influencing the market. Moreover, the integration of artificial intelligence (AI), predictive maintenance, augmented reality (AR), internet of things (IoT), digital twin, and telematics in asset tracking for better planning and maintenance of assets is offering a positive market outlook. Apart from this, the rising demand for cloud-based solutions in large enterprises to eliminate the need for installing additional hardware and storing the data in various data centers is bolstering the market growth.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global asset tracking market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on component, deployment mode, organization size and end use industry.

Breakup by Component:

Hardware
Software

Breakup by Deployment Mode:

On-premises
Cloud-based

Breakup by Organization Size:

Large Enterprises
Small and Medium-sized Enterprises

Breakup by End Use Industry:

Transportation and Logistics
Aviation
Healthcare
Manufacturing
Food and Beverages
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Actsoft Inc., ASAP Systems, Asset Panda, AT&T Inc., Azuga Inc. (Bridgestone Corporation), Fleet Complete, GigaTrak, Tenna, Trimble Inc., Ubisense Limited, Verizon Communications Inc., Wasp Barcode Technologies Inc. (Datalogic S.p.A.) and Zebra Technologies Corporation.

Key Questions Answered in This Report

1. What was the size of the global asset tracking market in 2023?
2. What is the expected growth rate of the global asset tracking market during 2024-2032?
3. What are the key factors driving the global asset tracking market?
4. What has been the impact of COVID-19 on the global asset tracking market?
5. What is the breakup of the global asset tracking market based on the component?
6. What is the breakup of the global asset tracking market based on the deployment mode?
7. What is the breakup of the global asset tracking market based on the organization size?
8. What is the breakup of the global asset tracking market based on the end use industry?
9. What are the key regions in the global asset tracking market?
10. Who are the key players/companies in the global asset tracking market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL ASSET TRACKING MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY COMPONENT

6.1 Hardware
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Software
  6.2.1 Market Trends
  6.2.2 Market Forecast

7 MARKET BREAKUP BY DEPLOYMENT MODE

7.1 On-premises
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Cloud-based
  7.2.1 Market Trends
  7.2.2 Market Forecast

8 MARKET BREAKUP BY ORGANIZATION SIZE

8.1 Large Enterprises
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Small and Medium-sized Enterprises
  8.2.1 Market Trends
  8.2.2 Market Forecast

9 MARKET BREAKUP BY END USE INDUSTRY

9.1 Transportation and Logistics
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 Aviation
  9.2.1 Market Trends
  9.2.2 Market Forecast
9.3 Healthcare
  9.3.1 Market Trends
  9.3.2 Market Forecast
9.4 Manufacturing
  9.4.1 Market Trends
  9.4.2 Market Forecast
9.5 Food and Beverages
  9.5.1 Market Trends
  9.5.2 Market Forecast
9.6 Others
  9.6.1 Market Trends
  9.6.2 Market Forecast

10 MARKET BREAKUP BY REGION

10.1 North America
  10.1.1 United States
    10.1.1.1 Market Trends
    10.1.1.2 Market Forecast
  10.1.2 Canada
    10.1.2.1 Market Trends
    10.1.2.2 Market Forecast
10.2 Asia-Pacific
  10.2.1 China
    10.2.1.1 Market Trends
    10.2.1.2 Market Forecast
  10.2.2 Japan
    10.2.2.1 Market Trends
    10.2.2.2 Market Forecast
  10.2.3 India
    10.2.3.1 Market Trends
    10.2.3.2 Market Forecast
  10.2.4 South Korea
    10.2.4.1 Market Trends
    10.2.4.2 Market Forecast
  10.2.5 Australia
    10.2.5.1 Market Trends
    10.2.5.2 Market Forecast
  10.2.6 Indonesia
    10.2.6.1 Market Trends
    10.2.6.2 Market Forecast
  10.2.7 Others
    10.2.7.1 Market Trends
    10.2.7.2 Market Forecast
10.3 Europe
  10.3.1 Germany
    10.3.1.1 Market Trends
    10.3.1.2 Market Forecast
  10.3.2 France
    10.3.2.1 Market Trends
    10.3.2.2 Market Forecast
  10.3.3 United Kingdom
    10.3.3.1 Market Trends
    10.3.3.2 Market Forecast
  10.3.4 Italy
    10.3.4.1 Market Trends
    10.3.4.2 Market Forecast
  10.3.5 Spain
    10.3.5.1 Market Trends
    10.3.5.2 Market Forecast
  10.3.6 Russia
    10.3.6.1 Market Trends
    10.3.6.2 Market Forecast
  10.3.7 Others
    10.3.7.1 Market Trends
    10.3.7.2 Market Forecast
10.4 Latin America
  10.4.1 Brazil
    10.4.1.1 Market Trends
    10.4.1.2 Market Forecast
  10.4.2 Mexico
    10.4.2.1 Market Trends
    10.4.2.2 Market Forecast
  10.4.3 Others
    10.4.3.1 Market Trends
    10.4.3.2 Market Forecast
10.5 Middle East and Africa
  10.5.1 Market Trends
  10.5.2 Market Breakup by Country
  10.5.3 Market Forecast

11 SWOT ANALYSIS

11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats

12 VALUE CHAIN ANALYSIS

13 PORTERS FIVE FORCES ANALYSIS

13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes

14 PRICE ANALYSIS

15 COMPETITIVE LANDSCAPE

15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
  15.3.1 Actsoft Inc.
    15.3.1.1 Company Overview
    15.3.1.2 Product Portfolio
  15.3.2 ASAP Systems
    15.3.2.1 Company Overview
    15.3.2.2 Product Portfolio
  15.3.3 Asset Panda
    15.3.3.1 Company Overview
    15.3.3.2 Product Portfolio
  15.3.4 AT&T Inc.
    15.3.4.1 Company Overview
    15.3.4.2 Product Portfolio
    15.3.4.3 Financials
    15.3.4.4 SWOT Analysis
  15.3.5 Azuga Inc. (Bridgestone Corporation)
    15.3.5.1 Company Overview
    15.3.5.2 Product Portfolio
  15.3.6 Fleet Complete
    15.3.6.1 Company Overview
    15.3.6.2 Product Portfolio
  15.3.7 GigaTrak
    15.3.7.1 Company Overview
    15.3.7.2 Product Portfolio
  15.3.8 Tenna
    15.3.8.1 Company Overview
    15.3.8.2 Product Portfolio
  15.3.9 Trimble Inc.
    15.3.9.1 Company Overview
    15.3.9.2 Product Portfolio
    15.3.9.3 Financials
    15.3.9.4 SWOT Analysis
  15.3.10 Ubisense Limited
    15.3.10.1 Company Overview
    15.3.10.2 Product Portfolio
  15.3.11 Verizon Communications Inc.
    15.3.11.1 Company Overview
    15.3.11.2 Product Portfolio
    15.3.11.3 Financials
    15.3.11.4 SWOT Analysis
  15.3.12 Wasp Barcode Technologies Inc. (Datalogic S.p.A.)
    15.3.12.1 Company Overview
    15.3.12.2 Product Portfolio
  15.3.13 Zebra Technologies Corporation
    15.3.13.1 Company Overview
    15.3.13.2 Product Portfolio
    15.3.13.3 Financials
    15.3.13.4 SWOT Analysis

LIST OF TABLES

Table 1: Global: Asset Tracking Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Asset Tracking Market Forecast: Breakup by Component (in Million US$), 2024-2032
Table 3: Global: Asset Tracking Market Forecast: Breakup by Deployment Mode (in Million US$), 2024-2032
Table 4: Global: Asset Tracking Market Forecast: Breakup by Organization Size (in Million US$), 2024-2032
Table 5: Global: Asset Tracking Market Forecast: Breakup by End Use Industry (in Million US$), 2024-2032
Table 6: Global: Asset Tracking Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 7: Global: Asset Tracking Market: Competitive Structure
Table 8: Global: Asset Tracking Market: Key Players

LIST OF FIGURES

Figure 1: Global: Asset Tracking Market: Major Drivers and Challenges
Figure 2: Global: Asset Tracking Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Asset Tracking Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Asset Tracking Market: Breakup by Component (in %), 2023
Figure 5: Global: Asset Tracking Market: Breakup by Deployment Mode (in %), 2023
Figure 6: Global: Asset Tracking Market: Breakup by Organization Size (in %), 2023
Figure 7: Global: Asset Tracking Market: Breakup by End Use Industry (in %), 2023
Figure 8: Global: Asset Tracking Market: Breakup by Region (in %), 2023
Figure 9: Global: Asset Tracking (Hardware) Market: Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: Asset Tracking (Hardware) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 11: Global: Asset Tracking (Software) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: Asset Tracking (Software) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: Asset Tracking (On-premises) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: Asset Tracking (On-premises) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: Asset Tracking (Cloud-based) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: Asset Tracking (Cloud-based) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: Global: Asset Tracking (Large Enterprises) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: Asset Tracking (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Global: Asset Tracking (Small and Medium-sized Enterprises) Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Global: Asset Tracking (Small and Medium-sized Enterprises) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: Global: Asset Tracking (Transportation and Logistics) Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: Global: Asset Tracking (Transportation and Logistics) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: Global: Asset Tracking (Aviation) Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: Global: Asset Tracking (Aviation) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: Global: Asset Tracking (Healthcare) Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: Global: Asset Tracking (Healthcare) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: Global: Asset Tracking (Manufacturing) Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: Global: Asset Tracking (Manufacturing) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: Global: Asset Tracking (Food and Beverages) Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: Global: Asset Tracking (Food and Beverages) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: Global: Asset Tracking (Other End Use Industries) Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: Global: Asset Tracking (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: North America: Asset Tracking Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: North America: Asset Tracking Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: United States: Asset Tracking Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: United States: Asset Tracking Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: Canada: Asset Tracking Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: Canada: Asset Tracking Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: Asia-Pacific: Asset Tracking Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: Asia-Pacific: Asset Tracking Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: China: Asset Tracking Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: China: Asset Tracking Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: Japan: Asset Tracking Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: Japan: Asset Tracking Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: India: Asset Tracking Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: India: Asset Tracking Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: South Korea: Asset Tracking Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: South Korea: Asset Tracking Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: Australia: Asset Tracking Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: Australia: Asset Tracking Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: Indonesia: Asset Tracking Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: Indonesia: Asset Tracking Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: Others: Asset Tracking Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: Others: Asset Tracking Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: Europe: Asset Tracking Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: Europe: Asset Tracking Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: Germany: Asset Tracking Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: Germany: Asset Tracking Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: France: Asset Tracking Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: France: Asset Tracking Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: United Kingdom: Asset Tracking Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: United Kingdom: Asset Tracking Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: Italy: Asset Tracking Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: Italy: Asset Tracking Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 65: Spain: Asset Tracking Market: Sales Value (in Million US$), 2018 & 2023
Figure 66: Spain: Asset Tracking Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 67: Russia: Asset Tracking Market: Sales Value (in Million US$), 2018 & 2023
Figure 68: Russia: Asset Tracking Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 69: Others: Asset Tracking Market: Sales Value (in Million US$), 2018 & 2023
Figure 70: Others: Asset Tracking Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 71: Latin America: Asset Tracking Market: Sales Value (in Million US$), 2018 & 2023
Figure 72: Latin America: Asset Tracking Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 73: Brazil: Asset Tracking Market: Sales Value (in Million US$), 2018 & 2023
Figure 74: Brazil: Asset Tracking Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 75: Mexico: Asset Tracking Market: Sales Value (in Million US$), 2018 & 2023
Figure 76: Mexico: Asset Tracking Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 77: Others: Asset Tracking Market: Sales Value (in Million US$), 2018 & 2023
Figure 78: Others: Asset Tracking Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 79: Middle East and Africa: Asset Tracking Market: Sales Value (in Million US$), 2018 & 2023
Figure 80: Middle East and Africa: Asset Tracking Market: Breakup by Country (in %), 2023
Figure 81: Middle East and Africa: Asset Tracking Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 82: Global: Asset Tracking Industry: SWOT Analysis
Figure 83: Global: Asset Tracking Industry: Value Chain Analysis
Figure 84: Global: Asset Tracking Industry: Porter's Five Forces Analysis


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