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Asset Tracking Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global asset tracking market size reached US$ 13.28 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 29.93 Billion by 2027, exhibiting a growth rate (CAGR) of 13.30% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

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 2022-2027. 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Component, Deployment Mode, Organization Size, End Use Industry, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global asset tracking market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global asset tracking market?
  • What are the key regional markets?
  • What is the breakup of the market based on the component?
  • What is the breakup of the market based on the deployment mode?
  • What is the breakup of the market based on the organization size?
  • What is the breakup of the market based on the end use industry?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global asset tracking market and who are the key players?
  • What is the degree of competition in the industry?

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 Figures

Figure 1: Global: Asset Tracking Market: Major Drivers and Challenges
Figure 2: Global: Asset Tracking Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Asset Tracking Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Asset Tracking Market: Breakup by Component (in %), 2021
Figure 5: Global: Asset Tracking Market: Breakup by Deployment Mode (in %), 2021
Figure 6: Global: Asset Tracking Market: Breakup by Organization Size (in %), 2021
Figure 7: Global: Asset Tracking Market: Breakup by End Use Industry (in %), 2021
Figure 8: Global: Asset Tracking Market: Breakup by Region (in %), 2021
Figure 9: Global: Asset Tracking (Hardware) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Asset Tracking (Hardware) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Asset Tracking (Software) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Asset Tracking (Software) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Asset Tracking (On-premises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Asset Tracking (On-premises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Asset Tracking (Cloud-based) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Asset Tracking (Cloud-based) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Asset Tracking (Large Enterprises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Asset Tracking (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Asset Tracking (Small and Medium-sized Enterprises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Asset Tracking (Small and Medium-sized Enterprises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Asset Tracking (Transportation and Logistics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Asset Tracking (Transportation and Logistics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Asset Tracking (Aviation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Asset Tracking (Aviation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Asset Tracking (Healthcare) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Asset Tracking (Healthcare) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Asset Tracking (Manufacturing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Asset Tracking (Manufacturing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Asset Tracking (Food and Beverages) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Asset Tracking (Food and Beverages) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Asset Tracking (Other End Use Industries) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Asset Tracking (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: North America: Asset Tracking Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: North America: Asset Tracking Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: United States: Asset Tracking Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: United States: Asset Tracking Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Canada: Asset Tracking Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Canada: Asset Tracking Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Asia-Pacific: Asset Tracking Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Asia-Pacific: Asset Tracking Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: China: Asset Tracking Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: China: Asset Tracking Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Japan: Asset Tracking Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Japan: Asset Tracking Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: India: Asset Tracking Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: India: Asset Tracking Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: South Korea: Asset Tracking Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: South Korea: Asset Tracking Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Australia: Asset Tracking Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Australia: Asset Tracking Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Indonesia: Asset Tracking Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Indonesia: Asset Tracking Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Others: Asset Tracking Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Others: Asset Tracking Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Europe: Asset Tracking Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Europe: Asset Tracking Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Germany: Asset Tracking Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Germany: Asset Tracking Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: France: Asset Tracking Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: France: Asset Tracking Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: United Kingdom: Asset Tracking Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: United Kingdom: Asset Tracking Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Italy: Asset Tracking Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Italy: Asset Tracking Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Spain: Asset Tracking Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Spain: Asset Tracking Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Russia: Asset Tracking Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Russia: Asset Tracking Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Others: Asset Tracking Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Others: Asset Tracking Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Latin America: Asset Tracking Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Latin America: Asset Tracking Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Brazil: Asset Tracking Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Brazil: Asset Tracking Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Mexico: Asset Tracking Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Mexico: Asset Tracking Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Others: Asset Tracking Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Others: Asset Tracking Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Middle East and Africa: Asset Tracking Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Middle East and Africa: Asset Tracking Market: Breakup by Country (in %), 2021
Figure 81: Middle East and Africa: Asset Tracking Market Forecast: Sales Value (in Million US$), 2022-2027
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

List of Tables

Table 1: Global: Asset Tracking Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Asset Tracking Market Forecast: Breakup by Component (in Million US$), 2022-2027
Table 3: Global: Asset Tracking Market Forecast: Breakup by Deployment Mode (in Million US$), 2022-2027
Table 4: Global: Asset Tracking Market Forecast: Breakup by Organization Size (in Million US$), 2022-2027
Table 5: Global: Asset Tracking Market Forecast: Breakup by End Use Industry (in Million US$), 2022-2027
Table 6: Global: Asset Tracking Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Asset Tracking Market: Competitive Structure
Table 8: Global: Asset Tracking Market: Key Players


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