Asset tracking solutions have evolved from processing asset tracking data periodically in batches to near-real-time through the integration of hardware, software, and processes. A number of industries have adopted IoT-based asset tracking using Low Power Wide Area (LPWA) Network connectivity technologies to derive valuable insights to deliver more efficient operations.
This report analyzes the asset tracking market, which includes location tracking of stationary or slow-moving assets. This analysis includes asset tracking solutions where location tracking as an application is the entry point for solution providers to offer other value-added monitoring of environmental conditions, such as light, temperature, humidity, pressure, altitude, etc.
The report introduces different connectivity technologies which includes both short-range wireless and Wide area network technologies but focuses on Low-Power Wide-Area (LPWA) network technologies that are seen as popular WAN connectivity choices to connect battery powered sensor devices used for geolocation and asset tracking solutions. The report analyzes LPWA network technology adoption in 5 key vertical industries namely Logistics, Manufacturing, Construction & Facilities Management, Retail, Life sciences and Healthcare. The report also provides Total Addressable Market (TAM) and LPWA network connection forecasts by technology for 11 asset types which is segmented by LPWA network connectivity requirement. The assets covered in the report are as follows-
- Intermodal Containers
- Power Tools rentals
- Motorized Fishing Boats
- Industrial Equipment Rentals
- Travel Luggage
- Rail Cars
- Shared Bikes
- Hospital Patient Transport Equipment