Product Code: ETC13398735 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global IoT based Asset Tracking and Monitoring Market was valued at USD 5.3 Billion in 2024 and is expected to reach USD 11.8 Billion by 2031, growing at a compound annual growth rate of 7.80% during the forecast period (2025-2031).
The global IoT-based asset tracking and monitoring market is experiencing significant growth driven by the increasing adoption of IoT technologies across industries to enhance operational efficiency and productivity. This market encompasses solutions that leverage IoT sensors, connectivity, and analytics to track and monitor the location, condition, and performance of assets in real-time. Industries such as logistics, transportation, manufacturing, and healthcare are increasingly utilizing IoT asset tracking to optimize supply chain management, improve asset utilization, and ensure regulatory compliance. Key players in the market are offering advanced solutions that provide actionable insights, predictive maintenance capabilities, and integration with other technologies such as AI and blockchain. With the rising need for real-time visibility and control over assets, the global IoT-based asset tracking and monitoring market is poised for continued growth and innovation.
The Global IoT based Asset Tracking and Monitoring Market is experiencing significant growth driven by the increasing adoption of IoT technology across industries such as logistics, transportation, and manufacturing. Key trends in this market include the integration of advanced technologies like AI and machine learning for predictive maintenance, the rising demand for real-time visibility and control over assets, and the development of cost-effective and energy-efficient tracking solutions. Opportunities lie in the development of innovative tracking devices with extended battery life and improved connectivity, the expansion of IoT networks in emerging markets, and the implementation of blockchain technology for secure asset tracking. Companies in this market can leverage these trends and opportunities to offer enhanced tracking and monitoring solutions, driving efficiency and profitability for their clients.
The Global IoT based Asset Tracking and Monitoring Market faces challenges such as data security and privacy concerns, interoperability issues among different IoT devices and platforms, high initial investment costs, and the need for skilled professionals to manage and analyze the vast amount of data generated by IoT sensors. Additionally, the lack of standardized regulations and protocols across different regions can hinder the seamless deployment of IoT solutions for asset tracking and monitoring. Companies operating in this market need to address these challenges by investing in robust cybersecurity measures, promoting industry-wide collaboration for standardization, offering cost-effective solutions, and providing training programs to build a skilled workforce capable of leveraging IoT technologies effectively.
The Global IoT based Asset Tracking and Monitoring Market is primarily driven by the increasing demand for real-time visibility and control over assets across various industries such as logistics, healthcare, and manufacturing. The adoption of IoT technology enables organizations to track and monitor assets remotely, leading to improved operational efficiency, reduced operational costs, and enhanced safety and security of assets. Additionally, the growing focus on supply chain optimization, increasing need for asset maintenance and management, and the rising trend of digital transformation are further fueling the market growth. Integration of advanced technologies such as cloud computing, AI, and blockchain with IoT for asset tracking and monitoring is also driving the market expansion by providing more sophisticated and reliable solutions to meet the evolving needs of businesses worldwide.
Government policies related to the Global IoT based Asset Tracking and Monitoring Market vary by country, but generally focus on data privacy, security, and regulatory compliance. Many governments have implemented data protection regulations such as the General Data Protection Regulation (GDPR) in the European Union to ensure that personal and sensitive information collected by IoT devices is safeguarded. Additionally, government policies often address issues such as interoperability standards, spectrum allocation for IoT devices, and certification requirements to ensure the reliability and accuracy of tracking and monitoring systems. Some governments also offer incentives or funding opportunities to support the adoption of IoT technologies in various industries. Overall, government policies play a crucial role in shaping the development and growth of the Global IoT based Asset Tracking and Monitoring Market by providing a regulatory framework that promotes innovation while protecting consumers and businesses.
The Global IoT-based Asset Tracking and Monitoring Market is poised for significant growth in the coming years, driven by the increasing adoption of IoT technology across industries to improve operational efficiency and streamline supply chain management. The market is expected to witness a surge in demand for real-time visibility and control over assets, leading to the development of advanced tracking solutions utilizing sensors, connectivity, and analytics. Key trends such as the integration of artificial intelligence and machine learning algorithms to enhance asset monitoring capabilities, as well as the deployment of blockchain technology for secure data sharing, are likely to shape the market landscape. With the ongoing digital transformation and the rise of smart manufacturing practices, the IoT-based asset tracking and monitoring market is forecasted to expand rapidly, offering lucrative opportunities for solution providers and stakeholders.
The Global IoT-based Asset Tracking and Monitoring Market showcases varying trends across different regions. In Asia, rapid industrialization and adoption of advanced technologies drive market growth. North America leads in innovation and implementation of IoT solutions for asset tracking, with a focus on enhancing supply chain efficiencies. Europe emphasizes regulatory compliance and data security, influencing the market dynamics. The Middle East and Africa are witnessing increasing investments in IoT infrastructure for asset tracking in sectors like oil & gas and logistics. Latin America shows a growing interest in IoT solutions for monitoring assets in agriculture and transportation industries. Overall, regional differences in infrastructure development, industry focus, and regulatory environments shape the adoption and growth of IoT-based asset tracking and monitoring solutions across the globe.
Global IoT based Asset Tracking and Monitoring Market |
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 Global IoT based Asset Tracking and Monitoring Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global IoT based Asset Tracking and Monitoring Market Revenues & Volume, 2021 & 2031F |
3.3 Global IoT based Asset Tracking and Monitoring Market - Industry Life Cycle |
3.4 Global IoT based Asset Tracking and Monitoring Market - Porter's Five Forces |
3.5 Global IoT based Asset Tracking and Monitoring Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global IoT based Asset Tracking and Monitoring Market Revenues & Volume Share, By Connectivity Type, 2021 & 2031F |
3.7 Global IoT based Asset Tracking and Monitoring Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Global IoT based Asset Tracking and Monitoring Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global IoT based Asset Tracking and Monitoring Market Trends |
6 Global IoT based Asset Tracking and Monitoring Market, 2021 - 2031 |
6.1 Global IoT based Asset Tracking and Monitoring Market, Revenues & Volume, By Connectivity Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global IoT based Asset Tracking and Monitoring Market, Revenues & Volume, By Wi-Fi, 2021 - 2031 |
6.1.3 Global IoT based Asset Tracking and Monitoring Market, Revenues & Volume, By Bluetooth, 2021 - 2031 |
6.1.4 Global IoT based Asset Tracking and Monitoring Market, Revenues & Volume, By Cellular, 2021 - 2031 |
6.1.5 Global IoT based Asset Tracking and Monitoring Market, Revenues & Volume, By NB-IoT, 2021 - 2031 |
6.1.6 Global IoT based Asset Tracking and Monitoring Market, Revenues & Volume, By LoRa, 2021 - 2031 |
6.1.7 Global IoT based Asset Tracking and Monitoring Market, Revenues & Volume, By SigFox, 2021 - 2031 |
6.1.8 Global IoT based Asset Tracking and Monitoring Market, Revenues & Volume, By UWB, 2021 - 2031 |
6.1.9 Global IoT based Asset Tracking and Monitoring Market, Revenues & Volume, By GNSS, 2021 - 2031 |
6.2 Global IoT based Asset Tracking and Monitoring Market, Revenues & Volume, By Application, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global IoT based Asset Tracking and Monitoring Market, Revenues & Volume, By Livestock Monitoring, 2021 - 2031 |
6.2.3 Global IoT based Asset Tracking and Monitoring Market, Revenues & Volume, By Automotive, 2021 - 2031 |
6.2.4 Global IoT based Asset Tracking and Monitoring Market, Revenues & Volume, By Railways, 2021 - 2031 |
6.2.5 Global IoT based Asset Tracking and Monitoring Market, Revenues & Volume, By Aviation, 2021 - 2031 |
6.2.6 Global IoT based Asset Tracking and Monitoring Market, Revenues & Volume, By Manufacturing, 2021 - 2031 |
6.2.7 Global IoT based Asset Tracking and Monitoring Market, Revenues & Volume, By Cold Chain Monitoring, 2021 - 2031 |
6.2.8 Global IoT based Asset Tracking and Monitoring Market, Revenues & Volume, By Others, 2021 - 2031 |
6.3.1 Overview & Analysis |
7 North America IoT based Asset Tracking and Monitoring Market, Overview & Analysis |
7.1 North America IoT based Asset Tracking and Monitoring Market Revenues & Volume, 2021 - 2031 |
7.2 North America IoT based Asset Tracking and Monitoring Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) IoT based Asset Tracking and Monitoring Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada IoT based Asset Tracking and Monitoring Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America IoT based Asset Tracking and Monitoring Market, Revenues & Volume, 2021 - 2031 |
7.3 North America IoT based Asset Tracking and Monitoring Market, Revenues & Volume, By Connectivity Type, 2021 - 2031 |
7.4 North America IoT based Asset Tracking and Monitoring Market, Revenues & Volume, By Application, 2021 - 2031 |
8 Latin America (LATAM) IoT based Asset Tracking and Monitoring Market, Overview & Analysis |
8.1 Latin America (LATAM) IoT based Asset Tracking and Monitoring Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) IoT based Asset Tracking and Monitoring Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil IoT based Asset Tracking and Monitoring Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico IoT based Asset Tracking and Monitoring Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina IoT based Asset Tracking and Monitoring Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM IoT based Asset Tracking and Monitoring Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) IoT based Asset Tracking and Monitoring Market, Revenues & Volume, By Connectivity Type, 2021 - 2031 |
8.4 Latin America (LATAM) IoT based Asset Tracking and Monitoring Market, Revenues & Volume, By Application, 2021 - 2031 |
9 Asia IoT based Asset Tracking and Monitoring Market, Overview & Analysis |
9.1 Asia IoT based Asset Tracking and Monitoring Market Revenues & Volume, 2021 - 2031 |
9.2 Asia IoT based Asset Tracking and Monitoring Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India IoT based Asset Tracking and Monitoring Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China IoT based Asset Tracking and Monitoring Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan IoT based Asset Tracking and Monitoring Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia IoT based Asset Tracking and Monitoring Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia IoT based Asset Tracking and Monitoring Market, Revenues & Volume, By Connectivity Type, 2021 - 2031 |
9.4 Asia IoT based Asset Tracking and Monitoring Market, Revenues & Volume, By Application, 2021 - 2031 |
10 Africa IoT based Asset Tracking and Monitoring Market, Overview & Analysis |
10.1 Africa IoT based Asset Tracking and Monitoring Market Revenues & Volume, 2021 - 2031 |
10.2 Africa IoT based Asset Tracking and Monitoring Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa IoT based Asset Tracking and Monitoring Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt IoT based Asset Tracking and Monitoring Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria IoT based Asset Tracking and Monitoring Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa IoT based Asset Tracking and Monitoring Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa IoT based Asset Tracking and Monitoring Market, Revenues & Volume, By Connectivity Type, 2021 - 2031 |
10.4 Africa IoT based Asset Tracking and Monitoring Market, Revenues & Volume, By Application, 2021 - 2031 |
11 Europe IoT based Asset Tracking and Monitoring Market, Overview & Analysis |
11.1 Europe IoT based Asset Tracking and Monitoring Market Revenues & Volume, 2021 - 2031 |
11.2 Europe IoT based Asset Tracking and Monitoring Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom IoT based Asset Tracking and Monitoring Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany IoT based Asset Tracking and Monitoring Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France IoT based Asset Tracking and Monitoring Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe IoT based Asset Tracking and Monitoring Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe IoT based Asset Tracking and Monitoring Market, Revenues & Volume, By Connectivity Type, 2021 - 2031 |
11.4 Europe IoT based Asset Tracking and Monitoring Market, Revenues & Volume, By Application, 2021 - 2031 |
12 Middle East IoT based Asset Tracking and Monitoring Market, Overview & Analysis |
12.1 Middle East IoT based Asset Tracking and Monitoring Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East IoT based Asset Tracking and Monitoring Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia IoT based Asset Tracking and Monitoring Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE IoT based Asset Tracking and Monitoring Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey IoT based Asset Tracking and Monitoring Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East IoT based Asset Tracking and Monitoring Market, Revenues & Volume, By Connectivity Type, 2021 - 2031 |
12.4 Middle East IoT based Asset Tracking and Monitoring Market, Revenues & Volume, By Application, 2021 - 2031 |
13 Global IoT based Asset Tracking and Monitoring Market Key Performance Indicators |
14 Global IoT based Asset Tracking and Monitoring Market - Export/Import By Countries Assessment |
15 Global IoT based Asset Tracking and Monitoring Market - Opportunity Assessment |
15.1 Global IoT based Asset Tracking and Monitoring Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global IoT based Asset Tracking and Monitoring Market Opportunity Assessment, By Connectivity Type, 2021 & 2031F |
15.3 Global IoT based Asset Tracking and Monitoring Market Opportunity Assessment, By Application, 2021 & 2031F |
16 Global IoT based Asset Tracking and Monitoring Market - Competitive Landscape |
16.1 Global IoT based Asset Tracking and Monitoring Market Revenue Share, By Companies, 2024 |
16.2 Global IoT based Asset Tracking and Monitoring Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |