| Product Code: ETC5609667 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Burkina Faso`s increasing reliance on IoT-based asset tracking and monitoring for import shipments is evident through the top exporting countries in 2024, including Norway, UAE, USA, China, and Switzerland. The high Herfindahl-Hirschman Index (HHI) concentration indicates a competitive market landscape. With a strong compound annual growth rate (CAGR) of 7.65% from 2020 to 2024 and a remarkable growth rate of 189.94% from 2023 to 2024, Burkina Faso`s demand for advanced tracking technologies is on a significant upward trajectory, showcasing a promising market for IoT solutions in the region.
![]()
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Burkina Faso IoT based Asset Tracking and Monitoring Market Overview |
3.1 Burkina Faso Country Macro Economic Indicators |
3.2 Burkina Faso IoT based Asset Tracking and Monitoring Market Revenues & Volume, 2021 & 2031F |
3.3 Burkina Faso IoT based Asset Tracking and Monitoring Market - Industry Life Cycle |
3.4 Burkina Faso IoT based Asset Tracking and Monitoring Market - Porter's Five Forces |
3.5 Burkina Faso IoT based Asset Tracking and Monitoring Market Revenues & Volume Share, By Connectivity Type, 2021 & 2031F |
3.6 Burkina Faso IoT based Asset Tracking and Monitoring Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Burkina Faso IoT based Asset Tracking and Monitoring Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of IoT technology in Burkina Faso |
4.2.2 Growing need for efficient asset tracking and monitoring solutions |
4.2.3 Rising demand for real-time data and analytics in asset management |
4.3 Market Restraints |
4.3.1 Limited awareness and understanding of IoT technology among businesses in Burkina Faso |
4.3.2 High initial investment costs associated with implementing IoT-based asset tracking systems |
4.3.3 Concerns regarding data security and privacy issues |
5 Burkina Faso IoT based Asset Tracking and Monitoring Market Trends |
6 Burkina Faso IoT based Asset Tracking and Monitoring Market Segmentations |
6.1 Burkina Faso IoT based Asset Tracking and Monitoring Market, By Connectivity Type |
6.1.1 Overview and Analysis |
6.1.2 Burkina Faso IoT based Asset Tracking and Monitoring Market Revenues & Volume, By Wi-Fi, 2021-2031F |
6.1.3 Burkina Faso IoT based Asset Tracking and Monitoring Market Revenues & Volume, By Bluetooth, 2021-2031F |
6.1.4 Burkina Faso IoT based Asset Tracking and Monitoring Market Revenues & Volume, By Cellular, 2021-2031F |
6.1.5 Burkina Faso IoT based Asset Tracking and Monitoring Market Revenues & Volume, By NB-IoT, 2021-2031F |
6.1.6 Burkina Faso IoT based Asset Tracking and Monitoring Market Revenues & Volume, By LoRa, 2021-2031F |
6.1.7 Burkina Faso IoT based Asset Tracking and Monitoring Market Revenues & Volume, By SigFox, 2021-2031F |
6.1.9 Burkina Faso IoT based Asset Tracking and Monitoring Market Revenues & Volume, By GNSS, 2021-2031F |
6.1.10 Burkina Faso IoT based Asset Tracking and Monitoring Market Revenues & Volume, By GNSS, 2021-2031F |
6.2 Burkina Faso IoT based Asset Tracking and Monitoring Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Burkina Faso IoT based Asset Tracking and Monitoring Market Revenues & Volume, By Livestock Monitoring, 2021-2031F |
6.2.3 Burkina Faso IoT based Asset Tracking and Monitoring Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.4 Burkina Faso IoT based Asset Tracking and Monitoring Market Revenues & Volume, By Railways, 2021-2031F |
6.2.5 Burkina Faso IoT based Asset Tracking and Monitoring Market Revenues & Volume, By Aviation, 2021-2031F |
6.2.6 Burkina Faso IoT based Asset Tracking and Monitoring Market Revenues & Volume, By Manufacturing, 2021-2031F |
6.2.7 Burkina Faso IoT based Asset Tracking and Monitoring Market Revenues & Volume, By Cold Chain Monitoring, 2021-2031F |
7 Burkina Faso IoT based Asset Tracking and Monitoring Market Import-Export Trade Statistics |
7.1 Burkina Faso IoT based Asset Tracking and Monitoring Market Export to Major Countries |
7.2 Burkina Faso IoT based Asset Tracking and Monitoring Market Imports from Major Countries |
8 Burkina Faso IoT based Asset Tracking and Monitoring Market Key Performance Indicators |
8.1 Percentage increase in the number of IoT devices deployed for asset tracking |
8.2 Average response time for resolving asset tracking and monitoring issues |
8.3 Percentage improvement in asset utilization rates |
8.4 Frequency of system downtime in asset tracking solutions |
8.5 Rate of adoption of predictive maintenance practices in asset management |
9 Burkina Faso IoT based Asset Tracking and Monitoring Market - Opportunity Assessment |
9.1 Burkina Faso IoT based Asset Tracking and Monitoring Market Opportunity Assessment, By Connectivity Type, 2021 & 2031F |
9.2 Burkina Faso IoT based Asset Tracking and Monitoring Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Burkina Faso IoT based Asset Tracking and Monitoring Market - Competitive Landscape |
10.1 Burkina Faso IoT based Asset Tracking and Monitoring Market Revenue Share, By Companies, 2024 |
10.2 Burkina Faso IoT based Asset Tracking and Monitoring Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |