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Report

Asset Tracking Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2025-2034)

Market Report I 2025-07-28 I 156 Pages I EMR Inc.

The global asset tracking market stood at a value of USD 27.21 Million in 2024 . The market is further expected to grow at a CAGR of 17.20% in the forecast period of 2025-2034 to attain a value of above USD 133.05 Million by 2034 .

Significant Demand for Cloud-Based Deployment to Bolster the Growth of the Asset Tracking Industry

Based on deployment type, the cloud-based segment accounts for a significant share in the market and is anticipated to witness steady growth in the forecast period. The cloud-based software provides significant advantages, including security, value for time and money, data centralisation, and accuracy, among others. Additionally, the growing awareness about the cost-efficiency offered by the cloud-based systems compared to buying systems, hard disks, among others, is also estimated to add to the market growth. Cloud-based software can run on a simple laptop, saving a lot of money.

North America to Provide Significant Growth Opportunities to the Asset Tracking Industry

The asset tracking industry in North America is driven by the strong manufacturing and transportation, and logistics base in the region. For instance, in countries like the United States, the Federal Highway Administration (FHWA), along with the American Association of State Highway and Transportation Officials (AASHTO) and state and local departments of transportation (DOTs) are increasingly deploying asset management solutions. This can be attributed to the benefits of improved operational efficiency and productivity offered by these solutions. Over the forecast period, the emergence ofa highly skilled workforce in the logistics market, along with the technological advancements in the transportation sector, is likely to augment the market growth in the region in the forecast period.

Asset Tracking: Market Segmentation

Asset tracking is defined as a method used to track physical assets either by scanning the attached barcode labels or with the use of tags through GPS or RFID, which denotes their location. Asset tracking helps in the efficient inventory management, as it allows an organisation to monitor and locate its assets in real time. In addition, the asset tracking systems help reduce the instances of losses and improve accountability, thereby enhancing the overall customer experience.

Based on component, the market is segmented into:

- Hardware
- Software

On the basis of deployment type, the industry is divided into:

- Cloud Based
- On-Premise

The major end-uses of asset tracking include:

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

Market Breakup by Region:

- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa

Rising Application of Asset Tracking in the Healthcare Sector to Boost the Growth of the Asset Tracking Industry

The global asset tracking industry is being driven by its growing use in the healthcare sector. This can be attributed to the growing demand for medical equipment and upgraded surgical equipment in hospitals , ambulatory surgical centres, clinics, and medical camps. In addition, the growing requirement for improved asset lifecycle maintenance, efficient security, and stringent asset management protocols is leading to the increased deployment of asset tracking systems in the industry. Over the forecast period, the thriving food and beverage industry in emerging economies of the world is likely to support the market growth in the forecast period.

Key Industry Players in the Global Asset Tracking Market

The report gives a detailed analysis of the following key players in the global asset tracking market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

- ActSoft, Inc.
- AT&T Inc.
- Oracle Corporation
- Trimble, Inc.
- Zebra Technologies Corporation
- Others

The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model, along with a SWOT analysis.

1 Executive Summary
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
2 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
3 Economic Summary
3.1 GDP Outlook
3.2 GDP Per Capita Growth
3.3 Inflation Trends
3.4 Democracy Index
3.5 Gross Public Debt Ratios
3.6 Balance of Payment (BoP) Position
3.7 Population Outlook
3.8 Urbanisation Trends
4 Country Risk Profiles
4.1 Country Risk
4.2 Business Climate
5 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)
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
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)
6 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
6.2.1 Historical Trend (2018-2024)
6.2.2 Forecast Trend (2025-2034)
7 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
8 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
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
9 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)
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
11.1.4 Threats
11.2 Porter's Five Forces Analysis
11.2.1 Supplier's Power
11.2.2 Buyer's Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Value Chain Analysis
13 Competitive Landscape
13.1 Supplier Selection
13.2 Key Global Players
13.3 Key Regional Players
13.4 Key Player Strategies
13.5 Company Profiles
13.5.1 ActSoft, Inc.
13.5.1.1 Company Overview
13.5.1.2 Product Portfolio
13.5.1.3 Demographic Reach and Achievements
13.5.1.4 Certifications
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.
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
13.5.10.2 Product Portfolio
13.5.10.3 Demographic Reach and Achievements
13.5.10.4 Certifications
13.5.11 Others

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