Global Asset Tracking Industry: Key Statistics and Insights in 2025-2033

Summary:

• The global asset tracking market size reached USD 19.3 Billion in 2024.
• The market is expected to reach USD 47.9 Billion by 2033, exhibiting a growth rate (CAGR) of 10.52% during 2025-2033.
• Region-wise, the market has been classified into North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa.
• Hardware accounts for the majority of the market share in the component segment, as it is critical for gathering location data and ensuring asset visibility across various industries, such as logistics and manufacturing.
• On-premises hold the largest share in the asset tracking industry.
• Large enterprises remain a dominant segment in the market, as these enterprises often operate across multiple locations.
• Transportation and logistics represent the leading end use industry segment.
• The rising demand for efficiency is a primary driver of the asset tracking market.
• The increasing need for real-time visibility is reshaping the asset tracking market.

Request for a sample copy of this report: https://www.imarcgroup.com/asset-tracking-market/requestsample

Industry Trends and Drivers:

• Increasing demand for efficiency:

Goods tracking helps companies manage resources in various ways. Based on this paper, through identifying the location and condition of assets, organizations can better allocate them. Previous methods include the use of file index cards, manual data entry, and physical spot checks, which is tedious and generally has a high chance of errors. On the other hand, the use of tracking technologies in achieving these tasks eliminates a lot of manual work in transforming high-quality data. These systems also include asset updates and other relevant information that will allow predictions about the asset’s condition. This strategy helps to avoid sudden failure and reduce the risk of organizational inactivity, increasing productivity.

• Rising need for real-time visibility:

The status of products in the supply chain must be known in almost real-time as they move from suppliers to consumers. Asset tracking systems provide information about shipments in real-time. This helps organizations enhance service routes, reduce travel time, and deal with service delays. In addition, inventory stock data in real-time enhances stock control. The decision to implement an order point system enables retailers to control against overstocking or understocking and thereby cut unnecessary costs and improve service delivery. Also, industries involving many cars or other vehicles/equipment require real-time tracking. This allows them to track usage, reduce downtime, and better distribute resources.

• Technological advancements:

When we talk about the Internet of Things (IoT), it means installing sensors and internet capability in assets to improve asset tracking. These sensors give real-time information about the location, status, and efficiency; they help businesses. Nevertheless, RFID tags can be installed on assets that enable remote scanning and tracking of assets. Also, the use of Global Positioning System (GPS) increases the accuracy and hit rate of tracking. This is especially helpful in mobile dealing with assets like vehicles and for many devices used in various organizations. Real-time GPS tracking is very useful as it provides accurate location details while improving asset visibility.

We explore the factors driving the growth of the market, including technological advancements, consumer behaviors, and regulatory changes, along with emerging asset tracking market trends.

Asset Tracking Market Report Segmentation:

Breakup By Component:

• Hardware
• Software

Hardware represents the largest segment, as physical tracking devices, such as RFID tags, GPS sensors, and IoT hardware, are essential for collecting real-time data on asset location and condition.

Breakup By Deployment Mode:

• On-premises
• Cloud-based

On-premises account for the largest market on account of the rising preference among organizations to keep asset tracking data within their own physical infrastructure for greater control and data security.

Breakup By Organization Size:

• Large Enterprises
• Small and Medium-sized Enterprises

Large enterprises exhibit a clear dominance in the market, as they have more extensive and diverse asset portfolios, requiring robust asset tracking solutions to manage and optimize their resources effectively.

Breakup By End Use Industry:

• Transportation and Logistics
• Aviation
• Healthcare
• Manufacturing
• Food and Beverages
• Others

Transportation and logistics hold the biggest market share due to the critical need for real-time visibility and tracking of assets, including vehicles, containers, and packages.

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

Region-wise, the market has been segmented into North America (United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa.

Top Asset Tracking Market Leaders:

The asset tracking market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:

• 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.)
• Zebra Technologies Corporation.

Note: If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact Us:

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

United States: +1-631-791-1145