IoT Based Asset Tracking And Monitoring Market Report 2026

IoT Based Asset Tracking And Monitoring Market Overview

• IoT Based Asset Tracking And Monitoring market size has reached to $5.52 billion in 2025 • Expected to grow to $10.75 billion in 2030 at a compound annual growth rate (CAGR) of 14.3% • Growth Driver: E-Commerce Revolution Fueling Surge In IOT-Based Asset Tracking And Monitoring Market • Market Trend: Collaborative Innovation For IOT-Based Asset Tracking Dominance • North America was the largest region in 2025.

What Is Covered Under IoT Based Asset Tracking And Monitoring Market?

IoT-based asset tracking and monitoring refer to a solution that involves tracking the location and position of assets and equipment using IoT-enabled devices. The primary purpose is to allow remote surveillance and control of an asset's geolocation and movements. It improves asset control efficiency and reduces equipment loss. The main types of connectivity provided by IoT-based asset tracking and monitoring are Wi-Fi, Bluetooth, cellular, NB-IoT, LoRa, SigFox, UWB GNSS, and other connectivity types. Wi-Fi IoT-based asset tracking and monitoring are used to transmit data between devices using radio waves. Wi-Fi is a radio-frequency wireless communication technology that can be used to detect and track the location of people, devices, and assets. The IoT based asset tracking and monitoring platform supports technologies such as device management, application management, and network management that are suitable for livestock monitoring, automotive, railways, aviation, manufacturing, cold chain monitoring, and other applications.

What Is The IoT Based Asset Tracking And Monitoring Market Growth Forecast?

The iot based asset tracking and monitoring market size is expected to see rapid growth in the next few years. It will grow to $10.75 billion in 2030 at a compound annual growth rate (CAGR) of 14.3%. The growth in the forecast period can be attributed to increasing investments in end-to-end supply chain visibility, rising adoption of ai-enabled tracking analytics, expansion of smart transportation networks, growing demand for real-time asset intelligence, increasing integration with enterprise systems. Major trends in the forecast period include increasing adoption of real-time asset tracking platforms, rising deployment of multi-connectivity tracking devices, growing use of location analytics for asset optimization, expansion of cloud-based asset monitoring systems, enhanced focus on loss prevention.

Global IoT Based Asset Tracking And Monitoring Market Segmentation

1) By Component: Hardware, Software, Connectivity 2) By Technology: Radio-Frequency Identification (RFID), Global Positioning System (GPS)/Global Navigation Satellite System (GNSS), Low-Power Wide-Area Network (LPWAN), Cellular Network, Wi-Fi And Bluetooth, Satellite Communication 3) By Application: Real-Time Location Tracking, Condition Monitoring, Predictive Maintenance, Theft Prevention And Security, Inventory Management, Fleet Management, Cold Chain Monitoring Subsegments: 1) By Hardware: Global Positioning System (GPS) Trackers, Radio-Frequency Identification (RFID) Tags, Sensors And Monitoring Devices, Gateway Devices 2) By Software: Asset Management Software, Data Analytics And Visualization Software, Real-Time Monitoring Platforms, Mobile And Web Applications 3) By Connectivity: Cellular Connectivity (4G Or 5G), Low-Power Wide-Area Network (LPWAN), Wi-Fi Connectivity, Bluetooth And Bluetooth Low Energy (BLE)

What Is The Driver Of The IoT Based Asset Tracking And Monitoring Market?

The rising popularity of the growing e-commerce industry is expected to boost the growth of the IoT based asset tracking and monitoring market going forward. E-commerce, also known as electronic commerce, is the act of purchasing and selling goods and services, as well as the sending of money or data via an electronic network. A huge volume of goods needs to be transported through complex supply networks to conduct e-commerce operations. With the help of precise, real-time data from IoT-based asset tracking and monitoring, e-commerce businesses can meet customer expectations and streamline their logistics. For instance, in February 2025, according to the United States Census Bureau, a US-based government agency, total e-commerce sales in 2024 reached $1,192.6 billion, marking an 8.1% increase compared to 2023. Therefore, the rising popularity of the growing e-commerce industry is driving the growth of the IoT based asset tracking and monitoring industry.

Key Players In The Global IoT Based Asset Tracking And Monitoring Market

Major companies operating 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.; Renesas Electronics Corporation; Panasonic Holdings Corporation; Toshiba Corporation

Global IoT Based Asset Tracking And Monitoring Market Trends and Insights

Major companies in the IoT-based asset tracking and monitoring market are focused on strategic collaboration with major manufacturing companies to strengthen their position in the market. Strategic collaborations empower companies to forge alliances with other firms possessing the necessary expertise to transform their envisioned concepts into tangible realities. For instance, in June 2023, Qualcomm Technologies, Inc., a US-based fabless semiconductor company, in collaboration with Skylo Technologies, Inc., a US-based non-terrestrial network (NTN), released two modem chipsets with satellite capability: the Qualcomm 212S Modem and the Qualcomm 9205S Modem. The new Qualcomm modem chipsets enable IoT enterprises, developers, original equipment manufacturers (OEMs), and manufacturers to leverage real-time data and insights to manage business projects. They also power off-grid industrial use cases that call for standalone non-terrestrial network (NTN) connectivity or hybrid connectivity alongside terrestrial networks.

What Are Latest Mergers And Acquisitions In The IoT Based Asset Tracking And Monitoring Market?

In December 2023, Honeywell, a US-based industrial technology company, partnered with SOTI Inc. to strengthen IoT-based asset tracking and monitoring solutions across industrial operations. Through this collaboration, the companies aim to enhance the security and remote management of more than one million industrial mobile devices worldwide. The partnership focuses on delivering improved accuracy, time savings, and reduced troubleshooting costs while enabling organizations, particularly in transportation and logistics, to maximize asset performance and operational efficiency. SOTI Inc. is a Canada-based provider of enterprise mobility and IoT management solutions.

Regional Insights

North America was the largest region in the IoT-based asset tracking and monitoring market share in 2025. The regions covered in this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain

What Defines the IoT Based Asset Tracking And Monitoring Market?

The IoT-based asset tracking and monitoring market includes revenues earned by entities by providing tracking services, IoT-enabled security management services, fault management services, and configuration management services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the IoT Based Asset Tracking And Monitoring Market Report 2026?

The iot based asset tracking and monitoring market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the iot based asset tracking and monitoring industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.