Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 25.36 Billion | USD 73.80 Billion | 12.60% | 2023 |
FrequentlyAsked Questions
Asset tracking refers to the process of managing and monitoring business physical assets throughout the product's lifecycle.
The global asset tracking market is expected to grow due to the growing applications of the solutions in the e-commerce industry.
According to study, the global asset tracking market size was worth around USD 25.36 billion in 2023 and is predicted to grow to around USD 73.80 billion by 2032.
The CAGR value of the asset tracking market is expected to be around 12.60% during 2024-2032.
The global asset tracking market is expected to be led by North America during the forecast period.
The global asset tracking market is led by players like ManageEngine Asset Explorer, Asset Panda, NexTraq (Michelin Group), EZOffice Inventory, Wasp Barcode Technologies (AssetCloud), Brickhouse Security, Asset Tiger, Switchboard, Omnitracs, Geotab, Linxup, Sortly, Rentman, Azuga and CG4.
The report explores crucial aspects of the asset tracking market including detailed discussion of existing growth factors and restraints while also browsing future growth opportunities and challenges that impact the market.
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