Precision Business Insights has published a report on the global iot based asset tracking and monitoring market, estimating its value at USD 4,803.6 Million in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 13.1% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/iot-based-asset-tracking-and-monitoring-market

Market Definition:

IoT-Based Asset Tracking and Monitoring is transforming how industries manage physical assets—bringing real-time visibility, predictive insights, and operational efficiency.

Drivers:

1)      Demand for real- time visibility.

2)      Rise of smart cites and Infrastructure.

The global iot based asset tracking and monitoring market segmentation:

1) By Component: Hardware, Software, Services.
2) By Application: Inventory & Warehouse Management, Cold Chain Monitoring, Fleet & Vehicle Tracking, Equipment Monitoring, Cargo & Container Tracking, Livestock Monitoring.
3) By End User: Transportation & Logistics, Manufacturing, Healthcare, Retail, Oil & Gas, Agriculture, Construction, Government & Defense, Others.

Regional Overview:
The report also examines the current concerns and their Future Effects on the iot based asset tracking and monitoring market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the iot based asset tracking and monitoring market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.

·         North America (U.S., Canada)

·         Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)

·         Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)

·         Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)

·         Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

The competitive landscape is dominated by major players like Raven Connected, Mojix Inc., Analog Devices, Inc., Fibocom Wireless Inc, Quectel, Nordic Semiconductor, Laird Connectivity, Mediatek Inc., Semtech, Gosuncnwelink Corporation.

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