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Global Asset Tracking Market Outlook 2025-2034
The global asset tracking market was valued at USD 27.21 million in 2024. It is projected to grow at a compound annual growth rate (CAGR) of 17.20% during the forecast period from 2025 to 2034, reaching an estimated value of over USD 133.05 million by 2034.
Global Asset Tracking Market Growth
The global asset tracking market continues to grow rapidly, fueled by the increasing complexity of supply chains and the growing need for real-time monitoring across industries. As businesses strive to become more efficient, the ability to track assets in real time—whether in transit, in storage, or in use—has become crucial. Technologies like GPS, RFID, and IoT have emerged as essential tools for enabling the accurate tracking of assets, helping organizations to enhance visibility, reduce operational costs, and ensure better asset utilization. With these technologies, businesses can prevent the loss or theft of valuable resources, optimize workflows, and gain real-time insights that ultimately contribute to improving overall productivity. Industries such as logistics, transportation, and manufacturing are among the primary drivers of asset tracking adoption, as they rely heavily on effective asset management to meet customer demands and operational goals. In logistics, for example, the ability to track shipments from origin to destination ensures that businesses can minimize delays, monitor the condition of products in transit, and maintain better control over their inventory. Similarly, in manufacturing, asset tracking systems provide visibility into equipment, machinery, and raw materials, ensuring that businesses can maintain a consistent supply chain, prevent machine breakdowns, and avoid bottlenecks in production. As these industries face increased pressure to improve efficiency and respond quickly to market changes, asset tracking solutions have become integral to their operations. Additionally, industries like healthcare, construction, and energy are increasingly relying on asset tracking to maintain critical equipment and ensure regulatory compliance. In healthcare, asset tracking helps monitor medical devices, reducing downtime and ensuring patient safety. Similarly, in remote sectors such as mining and oil, tracking systems are essential for managing resources in harsh environments, reducing theft, and minimizing operational disruptions. This trend is set to continue as businesses seek greater operational visibility and efficiency.
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Trade Data Analysis
Global Asset Tracking Market Trends
The global asset tracking market is witnessing rapid growth, largely fueled by the widespread adoption of Internet of Things (IoT) and Radio Frequency Identification (RFID) technologies. These solutions allow organizations to monitor their assets in real time, improving visibility and enhancing decision-making processes. From logistics and transportation to manufacturing and healthcare, various industries are incorporating asset tracking systems to boost efficiency. The ability to reduce asset loss, prevent theft, and minimize downtime is a key driving factor. As businesses strive for greater operational control, the demand for smarter tracking tools continues to rise.
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Another prominent trend shaping the market is the increasing shift towards cloud-based asset tracking platforms. Cloud technology offers flexible, scalable, and cost-effective solutions that are easily accessible from remote locations. These platforms support seamless integration with existing enterprise resource planning (ERP) systems and enable real-time data analytics. Companies benefit from improved collaboration across departments and faster response times to asset-related issues. With the rise of mobile apps and connected devices, cloud-based solutions are becoming a preferred choice for modern asset management.
Environmental concerns and regulatory compliance are also influencing the development of the asset tracking industry. Companies are under growing pressure to optimize resource utilization and maintain accurate records to meet environmental and industry regulations. Asset tracking systems help businesses maintain compliance by providing detailed audit trails and ensuring accountability. Furthermore, sustainable practices such as equipment sharing, energy monitoring, and lifecycle tracking are gaining traction. As organizations align their strategies with green goals, the role of smart tracking solutions in supporting sustainability initiatives is becoming more prominent.
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Trade Data Analysis
Global Asset Tracking Industry Segmentation
Based On the Component:
• Hardware • Software Based on the Deployment Type:
• Cloud Based • On-Premise Based on the End Use: • Transportation and Logistics •
This is a sample text. Trade Data Analysis
Trade Data Analysis
Global Asset Tracking Industry Segmentation
Market breakup by Region:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
This is a sample text. Trade Data Analysis
Leading Companies in the Global Asset Tracking Market
The report provides an in-depth analysis of the key players in the global asset tracking market, examining their competitive landscape, capabilities, and recent developments, including mergers, acquisitions, investments, capacity expansions, and plant turnarounds.
Actsoft, Inc.
Actsoft is a provider of mobile workforce management solutions, offering a suite of software products designed to help businesses track assets, manage employees, and improve operational efficiency. They specialize in GPS tracking, mobile data collection, and fleet management solutions. Their asset tracking services allow businesses to monitor equipment, vehicles, and resources in real-time, improving productivity and reducing operational costs
Asset Monitoring Solutions Group Ltd.
Asset Monitoring Solutions Group Ltd. focuses on providing innovative asset tracking solutions across various industries. Their offerings typically include real-time tracking systems, IoT-based solutions, and cloud-based platforms designed to improve asset visibility and security. Their technologies help companies monitor the location and status of their assets, optimizing maintenance schedules, and preventing losses.
Oracle Corporation
Oracle is a global leader in database software, cloud solutions, and enterprise software, including asset management solutions. The company offers a range of integrated software and hardware solutions that enable businesses to track and manage their assets, from IT equipment to industrial machinery. Oracle’s asset tracking systems often integrate with other enterprise solutions like supply chain management and enterprise resource planning (ERP), allowing businesses to streamline their asset management processes.
Leading Companies in the Global Asset Tracking Market
The report provides an in-depth analysis of the key players in the global asset tracking market, examining their competitive landscape, capabilities, and recent developments, including mergers, acquisitions, investments, capacity expansions, and plant turnarounds.
Trimble Inc.
Trimble is a technology company that specializes in advanced tracking and monitoring solutions, including GPS, geospatial, and asset management systems. The company’s asset tracking solutions are used in industries like agriculture, construction, transportation, and logistics. Trimble’s technology provides real-time visibility into equipment, vehicles, and personnel, improving productivity and safety.
Zebra Technologies Corporation
Zebra Technologies is a leading provider of real-time asset tracking solutions, focusing on automation and data capture technology. They offer a variety of hardware and software products, including barcode scanners, RFID solutions, and mobile computing devices, that help businesses track and manage assets.
Gosafe Company Ltd.
Gosafe is a provider of fleet and asset management solutions, offering a range of tracking and monitoring technologies. Their solutions typically include GPS tracking, video surveillance, and real-time data analytics to help businesses manage their fleets and assets effectively. Gosafe’s technologies are primarily used in the transportation and logistics industries to improve route optimization, ensure safety, and enhance asset utilization.
01 Executive Summary
Table of Contents
1.1 Market Size 2024-2025
1.2 Market Growth 2025(F)-2034(F)
1.3 Key Demand Drivers
1.4 Key Players and Competitive Structure
1.5 Industry Best Practices
1.6 Recent Trends and Developments
1.7 Industry Outlook
02 Market Overview and Stakeholder Insights
2.1 Market Trends
2.2 Key Verticals
2.3 Key Regions
2.4 Supplier Power
2.5 Buyer Power
2.6 Key Market Opportunities and Risks
2.7 Key Initiatives by Stakeholders
03 Economic Summary
3.1 GDP Outlook
3.2 GDP Per Capita Growth
3.3 Inflation Trends
3.4 Democracy Index
Table of Contents
3.5 Gross Public Debt Ratios
3.6 Balance of Payment (BoP) Position
3.7 Population Outlook
3.8 Urbanisation Trends
04 Country Risk Profiles
4.1 Country Risk
4.2 Business Climate
05 Global Asset Tracking Market Analysis
5.1 Key Industry Highlights
5.2 Global Asset Tracking Historical Market (2018-2024)
5.3 Global Asset Tracking Market Forecast (2025-2034)
5.4 Global Asset Tracking Market by Component
5.4.1 Hardware
5.4.1.1 Historical Trend (2018-2024)
5.4.1.2 Forecast Trend (2025-2034)
5.4.2 Software
5.4.2.1 Historical Trend (2018-2024)
5.4.2.2 Forecast Trend (2025-2034)
5.5 Global Asset Tracking Market by Deployment Type
5.5.1 Cloud Based
5.5.1.1 Historical Trend (2018-2024)
Table of Contents
5.5.1.2 Forecast Trend (2025-2034)
5.5.2 On-Premise
5.5.2.1 Historical Trend (2018-2024)
5.5.2.2 Forecast Trend (2025-2034)
5.6 Global Asset Tracking Market by End Use
5.6.1 Transportation and Logistics
5.6.1.1 Historical Trend (2018-2024)
5.6.1.2 Forecast Trend (2025-2034)
5.6.2 Aviation
5.6.2.1 Historical Trend (2018-2024)
5.6.2.2 Forecast Trend (2025-2034)
5.6.3 Healthcare
5.6.3.1 Historical Trend (2018-2024)
5.6.3.2 Forecast Trend (2025-2034)
5.6.4 Manufacturing
5.6.4.1 Historical Trend (2018-2024)
5.6.4.2 Forecast Trend (2025-2034)
5.6.5 Food and Beverages
5.6.5.1 Historical Trend (2018-2024)
5.6.5.2 Forecast Trend (2025-2034)
5.6.6 Others
Table of Contents
5.7 Global Asset Tracking Market by Region
5.7.1 North America
5.7.1.1 Historical Trend (2018-2024)
5.7.1.2 Forecast Trend (2025-2034)
5.7.2 Europe
5.7.2.1 Historical Trend (2018-2024)
5.7.2.2 Forecast Trend (2025-2034)
5.7.3 Asia Pacific
5.7.3.1 Historical Trend (2018-2024)
5.7.3.2 Forecast Trend (2025-2034)
5.7.4 Latin America
5.7.4.1 Historical Trend (2018-2024)
5.7.4.2 Forecast Trend (2025-2034)
5.7.5 Middle East and Africa
5.7.5.1 Historical Trend (2018-2024)
5.7.5.2 Forecast Trend (2025-2034)
06 North America Asset Tracking Market Analysis
6.1 United States of America
6.1.1 Historical Trend (2018-2024)
6.1.2 Forecast Trend (2025-2034)
6.2 Canada
Table of Contents
6.2.1 Historical Trend (2018-2024)
6.2.2 Forecast Trend (2025-2034)
07 Europe Asset Tracking Market Analysis
7.1 United Kingdom
7.1.1 Historical Trend (2018-2024)
7.1.2 Forecast Trend (2025-2034)
7.2 Germany
7.2.1 Historical Trend (2018-2024)
7.2.2 Forecast Trend (2025-2034)
7.3 France
7.3.1 Historical Trend (2018-2024)
7.3.2 Forecast Trend (2025-2034)
7.4 Italy
7.4.1 Historical Trend (2018-2024)
7.4.2 Forecast Trend (2025-2034)
7.5 Others
08 Asia Pacific Asset Tracking Market Analysis
8.1 China
8.1.1 Historical Trend (2018-2024)
8.1.2 Forecast Trend (2025-2034)
8.2 Japan
Table of Contents
8.2.1 Historical Trend (2018-2024)
8.2.2 Forecast Trend (2025-2034)
8.3 India
8.3.1 Historical Trend (2018-2024)
8.3.2 Forecast Trend (2025-2034)
8.4 ASEAN
8.4.1 Historical Trend (2018-2024)
8.4.2 Forecast Trend (2025-2034)
8.5 Australia
8.5.1 Historical Trend (2018-2024)
8.5.2 Forecast Trend (2025-2034)
8.6 Others
09 Latin America Asset Tracking Market Analysis
9.1 Brazil
9.1.1 Historical Trend (2018-2024)
9.1.2 Forecast Trend (2025-2034)
9.2 Argentina
9.2.1 Historical Trend (2018-2024)
9.2.2 Forecast Trend (2025-2034)
9.3 Mexico
9.3.1 Historical Trend (2018-2024)
Table of Contents
9.3.2 Forecast Trend (2025-2034)
9.4 Others
10 Middle East and Africa Asset Tracking Market Analysis
10.1 Saudi Arabia
10.1.1 Historical Trend (2018-2024)
10.1.2 Forecast Trend (2025-2034)
10.2 United Arab Emirates
10.2.1 Historical Trend (2018-2024)
10.2.2 Forecast Trend (2025-2034)
10.3 Nigeria
10.3.1 Historical Trend (2018-2024)
10.3.2 Forecast Trend (2025-2034)
10.4 South Africa
10.4.1 Historical Trend (2018-2024)
10.4.2 Forecast Trend (2025-2034)
10.5 Others
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
Table of Contents
11.2.2
11.2.3
11.2.4
11.2.5
Table of Contents
13.5.2 Asset Monitoring Solutions Group Ltd.
13.5.2.1 Company Overview
13.5.2.2 Product Portfolio
13.5.2.3 Demographic Reach and Achievements
13.5.2.4 Certifications
13.5.3 Oracle Corporation
13.5.3.1 Company Overview
13.5.3.2 Product Portfolio
13.5.3.3 Demographic Reach and Achievements
13.5.3.4 Certifications
13.5.4 Trimble, Inc.
13.5.4.1 Company Overview
13.5.4.2 Product Portfolio
13.5.4.3 Demographic Reach and Achievements
13.5.4.4 Certifications
13.5.5 Zebra Technologies Corporation
13.5.5.1 Company Overview
13.5.5.2 Product Portfolio
13.5.5.3 Demographic Reach and Achievements
13.5.5.4 Certifications
13.5.6 Gosafe Company Ltd.
Table of Contents
13.5.6.1 Company Overview
13.5.6.2 Product Portfolio
13.5.6.3 Demographic Reach and Achievements
13.5.6.4 Certifications
13.5.7 Particle Industries, Inc.
13.5.7.1 Company Overview
13.5.7.2 Product Portfolio
13.5.7.3 Demographic Reach and Achievements
13.5.7.4 Certifications
13.5.8 EROAD Inc.
13.5.8.1 Company Overview
13.5.8.2 Product Portfolio
13.5.8.3 Demographic Reach and Achievements
13.5.8.4 Certifications
13.5.9 Hilti Corporation
13.5.9.1 Company Overview
13.5.9.2 Product Portfolio
13.5.9.3 Demographic Reach and Achievements
13.5.9.4 Certifications
13.5.10 Velos IoT Jersey Limited
13.5.10.1 Company Overview
Table of Contents
13.5.10.2 Product Portfolio
13.5.10.3 Demographic Reach and Achievements
13.5.10.4 Certifications
13.5.11 Others
Disclaimer
Claight Corp. publishes market research reports on various industry verticals. All reports purchased via the website, email or over the phone are subject to the following disclaimer. A purchase automatically indicates acceptance of the disclaimer.
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Trade Data Analysis
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