The IoT Based Asset Tracking And Monitoring Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the IoT Based Asset Tracking And Monitoring Market?
The IoT Based Asset Tracking And Monitoring market has experienced robust growth recently. The market size is projected to increase from $5.06 billion in 2024 to $5.56 billion in 2025, with a compound annual growth rate (CAGR) of 9.9%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the IoT Based Asset Tracking And Monitoring Industry?
The market size of IoT based asset tracking and monitoring is predicted to expand to $9.62 billion in 2029, with a compound annual growth rate (CAGR) of 14.7%.
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What are the Key Growth Drivers Fueling the IoT Based Asset Tracking And Monitoring Market?
The key drivers in the iot based asset tracking and monitoring market are:
• Sustainability and green initiatives promoting usage of IoT
• Integration of IoT technology with AI and data analytics
• Rising demand for remote monitoring solutions
• Expansion of retail and inventory management using IoT based asset tracking.
Global Market Segmentation: Identifying Major IoT Based Asset Tracking And Monitoring Industry Segments
The IoT based asset tracking and monitoring market covered in this report is segmented –
1) By Connectivity Type: Wi-Fi, Bluetooth, Cellular, NB-IoT, LoRa, SigFox, UWB, GNSS, Other Connectivity Types
2) By Technology: Device Management, Application Management, Network Management
3) By Application: Livestock Monitoring, Automotive, Railways, Aviation, Manufacturing, Cold Chain Monitoring, Other Applications
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What are the Emerging Trends Shaping the Future of the IoT Based Asset Tracking And Monitoring Market?
The key trends in the iot based asset tracking and monitoring market are:
• The market is witnessing a rising trend of IoT device integration.
• There is a growing demand for supply chain optimization in the sector.
• Advancements in sensor technology are emerging as a major trend.
• The market is experiencing an increase in the adoption of IoT in industrial and fleet management sectors.
Who Are the Top Competitors & Leading Players in the IoT Based Asset Tracking And Monitoring Market?
Major companies in the iot based asset tracking and monitoring market are:
• Quectel Wireless Solution Co. Ltd.
• Fibocom Wireless Inc.
• Sierra Wireless Inc.
• Telit Corporate Group
• u-blox AG
• Sequans Communications S.A.
• Nordic Semiconductor ASA
• GosuncnWelink Corporation
• Laird Connectivity LLC
• Thales Group
• Semtech Corporation
• Mediatek Inc.
• Analog Devices Inc.
• HiSilicon Technologies Co. Ltd.
• Skyworks Solutions Inc.
• MeiG Smart Technology Co. Ltd.
• NXP Semiconductors N.V.
• Infineon Technologies India Private Ltd
• STMicroelectronics N.V.
• Texas Instruments Incorporated
• Samsung Electronics Co. Ltd.
• LG Electronics Inc.
• Micron Technology Inc.
• SMART Modular Technologies Inc.
• Kingston Technology Company Inc.
• Western Digital Corporation
• Seagate Technology PLC
• Renesas Electronics Corporation
• Panasonic Holdings Corporation
• Toshiba Corporation
Regional Dominance: Which Area Leads the Global Template Market?
North America was the largest region in the IoT-based asset tracking and monitoring market share in 2024
