Asset Tracking Market Overview
According to the report by Expert Market Research (EMR), the global asset tracking market size attained a value of USD 27.21 million in 2023. Aided by the growing demand for efficient tracking systems and the increasing adoption of advanced technologies such as IoT and RFID in asset management, the market is projected to further grow at a CAGR of 17.2% between 2024 and 2032, reaching a value of USD 113.51 million by 2032.
Asset tracking involves monitoring the locati