Featuring market attractiveness scoring, total addressable market sizing, company benchmarking matrices, interactive Excel dashboards, deeper supply chain intelligence, emerging startup tracking, and granular product-level insights, The Business Research Company’s 2026 market reports are built to deliver research that is both more actionable and more strategically valuable.
#IoT Based Asset Tracking And Monitoring Market Revenue Outlook: What CAGR Lies Ahead Through 2030?#_x000D_
The iot based asset tracking and monitoring market has witnessed rapid growth in recent years. It is projected to expand from $5.52 billion in 2025 to $6.3 billion in 2026, achieving a compound annual growth rate (CAGR) of 14.3%. This historical expansion can be attributed to various factors, including the increasing digitization of logistics and supply chains, a rising demand for asset visibility, the broader implementation of manufacturing automation, growing requirements for cold chain monitoring, and the widespread adoption of GPS-based tracking technologies._x000D_
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The iot based asset tracking and monitoring market size is anticipated to expand swiftly in the coming years. It will grow to $10.75 billion in 2030 at a compound annual growth rate (CAGR) of 14.3%. This projected expansion during the forecast period is fueled by greater financial commitments in end-to-end supply chain visibility, the wider acceptance of AI-enabled tracking analytics, the enlargement of smart transportation networks, an escalating need for real-time asset intelligence, and enhanced integration with enterprise systems. Key developments expected during this period are marked by the growing implementation of real-time asset tracking platforms, the wider rollout of multi-connectivity tracking devices, the expanded application of location analytics for asset optimization, the broadening of cloud-based asset monitoring systems, and a heightened emphasis on preventing losses._x000D_
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#IoT Based Asset Tracking And Monitoring Market Growth Factors: What’s Supporting Expansion?#_x000D_
The increasing adoption of the expanding e-commerce sector is anticipated to propel the IoT based asset tracking and monitoring market’s expansion. Electronic commerce, or e-commerce, involves transactions for goods and services, along with data or monetary transfers, conducted over an electronic network. E-commerce operations necessitate the movement of a large quantity of products across intricate supply chains. IoT-based asset tracking and monitoring provides accurate, real-time information, enabling e-commerce companies to fulfill customer demands and optimize their logistics processes. As an illustration, the United States Census Bureau, a US-based government agency, reported in February 2025 that total e-commerce sales in 2024 amounted to $1,192.6 billion, representing an 8.1% rise from 2023. Consequently, the escalating popularity of the e-commerce industry is stimulating the expansion of the IoT based asset tracking and monitoring market._x000D_
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#IoT Based Asset Tracking And Monitoring Market Segment Analysis Spotlighting Growth Areas#_x000D_
The iot based asset tracking and monitoring market covered in this report is segmented – _x000D_
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1) By Component: Hardware, Software, Connectivity_x000D_
2) By Technology: Radio-Frequency Identification (RFID), Global Positioning System (GPS)/Global Navigation Satellite System (GNSS), Low-Power Wide-Area Network (LPWAN), Cellular Network, Wi-Fi And Bluetooth, Satellite Communication_x000D_
3) By Application: Real-Time Location Tracking, Condition Monitoring, Predictive Maintenance, Theft Prevention And Security, Inventory Management, Fleet Management, Cold Chain Monitoring_x000D_
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Subsegments:_x000D_
1) By Hardware: Global Positioning System (GPS) Trackers, Radio-Frequency Identification (RFID) Tags, Sensors And Monitoring Devices, Gateway Devices_x000D_
2) By Software: Asset Management Software, Data Analytics And Visualization Software, Real-Time Monitoring Platforms, Mobile And Web Applications_x000D_
3) By Connectivity: Cellular Connectivity (4G Or 5G), Low-Power Wide-Area Network (LPWAN), Wi-Fi Connectivity, Bluetooth And Bluetooth Low Energy (BLE)_x000D_
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#IoT Based Asset Tracking And Monitoring Market Industry Trends: What’s Reshaping Demand?#_x000D_
Leading firms within the IoT-based asset tracking and monitoring market are prioritizing strategic partnerships with prominent manufacturing entities to enhance their market standing. Such alliances enable businesses to form partnerships with other organizations that possess the requisite specialized knowledge to convert their conceptual ideas into concrete implementations. As an illustration, during June 2023, Qualcomm Technologies, Inc., a fabless semiconductor company based in the US, cooperated with Skylo Technologies, Inc., a US-based non-terrestrial network (NTN) provider, to introduce two modem chipsets featuring satellite capabilities: the Qualcomm 212S Modem and the Qualcomm 9205S Modem. These new Qualcomm modem chipsets allow IoT enterprises, developers, original equipment manufacturers (OEMs), and manufacturers to utilize real-time data and actionable insights for effective management of business initiatives. Furthermore, they support off-grid industrial applications requiring either independent non-terrestrial network (NTN) connectivity or a hybrid connectivity solution that integrates with terrestrial networks._x000D_
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#IoT Based Asset Tracking And Monitoring Market Leading Companies: Who Holds The Strongest Market Presence?#_x000D_
Major companies operating in the iot based asset tracking and monitoring market are Quectel Wireless Solution Co. Ltd.; Fibocom Wireless Inc.; Sierra Wireless Inc.; Telit Corporate Group; u-blox AG; Sequans Communications S.A.; Nordic Semiconductor ASA; GosuncnWelink Corporation; Laird Connectivity LLC; Thales Group; Semtech Corporation; Mediatek Inc.; Analog Devices Inc.; HiSilicon Technologies Co. Ltd.; Skyworks Solutions Inc.; MeiG Smart Technology Co. Ltd.; NXP Semiconductors N.V.; Infineon Technologies India Private Ltd; STMicroelectronics N.V.; Texas Instruments Incorporated; Samsung Electronics Co. Ltd.; Renesas Electronics Corporation; Panasonic Holdings Corporation; Toshiba Corporation _x000D_
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#IoT Based Asset Tracking And Monitoring Market Top Region By Revenue And Market Share#_x000D_
North America was the largest region in the IoT-based asset tracking and monitoring market share in 2025. The regions covered in the iot based asset tracking and monitoring market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa._x000D_
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
