Lucintel Forecasts Asset Tracking Market to Grow at a CAGR of 10%-12%

According to the recent study the asset tracking market is projected to grow at a CAGR of 10%-12% from 2020 to 2025. Growth in this market is primarily driven by growing demand from various end use industries, such as transportation, aerospace, and manufacturing, and increasing need for just-in-time shipment.

Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in asset tracking market by component (hardware and software), deployment type (on-cloud and on-premise), technology (M2M/IoT, edge computing, and smart devices), end use industry (transportation & logistics, aviation and aerospace, healthcare, manufacturing, food & beverages, construction, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

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“North America will dominate the asset tracking market in near future.”

North America is expected to be the largest region largest region during the forecast period due to being a strong manufacturing, transportation, and logistic base.

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Major players of asset tracking market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. ActSoft, Inc., ASAP Systems, Asset Panda, AT & T, Inc., Fleet Complete, and GigaTrak are among the major asset tracking providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/asset-tracking-market.aspx or helpdesk@lucintel.com

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.

Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751

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