How big is the Asset Tracking Market?

The Asset Tracking Market size is expected to reach USD 25.58 billion in 2024 and grow at a CAGR of 13.09% to reach USD 47.33 billion by 2029. Read More

What is the current Asset Tracking Market size?

In 2024, the Asset Tracking Market size is expected to reach USD 25.58 billion. Read More

Who are the key players in Asset Tracking Market?

Actsoft Inc., Touma Incorporated (Asap Systems), Asset Panda, AT&T Inc. and GigaTrak (P&T Solutions Inc.) are the major companies operating in the Asset Tracking Market. Read More

Which is the fastest growing region in Asset Tracking Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Asset Tracking Market?

In 2024, the North America accounts for the largest market share in Asset Tracking Market. Read More

What years does this Asset Tracking Market cover, and what was the market size in 2023?

In 2023, the Asset Tracking Market size was estimated at USD 22.23 billion. The report covers the Asset Tracking Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asset Tracking Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Asset Tracking Market Size & Share Analysis - Industry Research Report

Asset Tracking Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Asset Tracking Market is Segmented by Component (Hardware, Software), Deployment Type (On-Cloud, On-Premise), End-User Industry (Transportation and Logistics, Aviation, Healthcare, Manufacturing, Food and Beverage, and Other End-User Industries), and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Asset Tracking Industry Overview

The asset tracking market is highly competitive, with many significant vendors and the emergence of new market vendors. Solution providers are heavily investing in multiple R&D activities to improve existing asset-tracking solutions and launch new solutions by integrating the latest technological developments. Companies view global expansion as a path to attracting maximum market share. Some of the key players in the market are Asset Panda LLC, ActSoft Inc., Touma Incorporated (ASAP Systems), AT&T Inc., and GigaTrak (P&T Solutions Inc.).

March 2024: HSBC Asset Management launched the India Tech Ucits ETF. This ETF aims to give investors global access to a broad spectrum of technology-driven Indian enterprises. It encompasses a variety of sectors, showcasing companies deeply entrenched in digital technology, communication, and software-related activities.
January 2024: BioConnect acquired Silent Partner Technologies Inc., a leading RFID Inventory and asset management software provider. This acquisition will help BioConnect expand its leading Trusted Security Platform to create the most advanced cloud-based smart safes, lockers, cabinets, rooms, and vehicles for the intelligent “chain of custody” and security assurance for any critical asset.