According to Berg Insight, the European transport management systems (TMS) market, including asset tracking, was estimated to be approximately €0.9 billion in 2021. It is expected to experience steady growth, with a compound annual growth rate (CAGR) of 9.7 percent, leading to a forecasted market value of €1.5 billion in 2026.
Simultaneously, the North American TMS market is projected to increase from an estimated €1.3 billion in 2021 to nearly €2.0 billion in 2026, with a CAGR of 9.3 percent. In addition, according to Transforma Insights, remote tracking systems are forecasted to grow by 23.2 million units by 2024. This growth is driven by the adoption of advanced technology, increased demand for supply chain optimization, data-driven decision-making, regulatory compliance, and the economic imperative of cost efficiency.
Given that over 23% of our customers come from the automotive and logistic sector, including asset tracking use cases, 1NCE can logically track the high relevance of the use case to IoT.
Find out more about the leading crop control device vendors:
Device Manufacturer | Region Served | Website |
|---|---|---|
Trimble | Global | |
CalAmp | Global | |
Zebra | Global | |
Datalogic | Global | |
Honeywell | Global | |
Samsara | Global | |
Ubisense | Global | |
Queclink | Global |
Note: The list makes no claim to completeness.
Using IoT for asset tracking implies the following applications:
Application | Description |
|---|---|
Tracking and monitoring vehicles and assets in real-time. | |
Supply Chain Management | End-to-end visibility of products and assets in the supply chain. |
Efficiently managing stock levels and tracking inventory. | |
Construction and Equipment | Monitoring heavy machinery and equipment on construction sites. |
Healthcare Equipment | Tracking medical equipment and ensuring its availability. |
Agricultural Assets | Monitoring farm assets such as livestock and machinery. |
Retail and Loss Prevention | Inventory control and theft prevention in retail stores. |
Logistics and Shipping | Real-time tracking of shipments and cargo in the logistics process. |
Manufacturing Equipment | Monitoring machinery to ensure optimal performance and reduce downtime. |
Oil and Gas Assets | Remote monitoring of assets in rugged environments. |
Learn more about the Automotive and Transport & Logistics or explore our Customer Insights.
Visit the 1NCE Shop and start connecting your IoT devices easily. Simply choose the desired type of SIM card, order your SIM cards, and fill out all required forms. After the payment has been approved you will receive your cards within two to three business days.
