Tunisia Weekly
No Result
View All Result
  • Register
  • Login
  • About Us
  • Contact Us
  • Home
  • News
  • Business
  • Finance
  • Technology
  • Lifestyle
  • Africa
  • Middle East
  • Press Releases
Submit a News Release
  • Home
  • News
  • Business
  • Finance
  • Technology
  • Lifestyle
  • Africa
  • Middle East
  • Press Releases
No Result
View All Result
Tunisia Weekly
Submit PR
Home Press Releases

IoT based Asset Tracking and Monitoring Market worth $6.6 billion by 2027

Joseph Nchor by Editorial Staff
August 26, 2022
in Press Releases
IoT based Asset Tracking and Monitoring Market worth $6.6 billion by 2027
Share on FacebookShare on Twitter


 


(EMAILWIRE.COM, August 26, 2022 ) The IoT based asset tracking and monitoring market is estimated to reach USD 6.6 billion by 2027, growing at a CAGR of 11.3% from 2022 to 2027. The rising demand for condition monitoring with the emergence of 5G technology for automation and supply chain optimization using IoT tracking.

Download PDF Brochure @

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=118687881

Delivery dates, quality and service standards, and customer expectations can be met through supply chain optimization, cold chain tracking, and asset monitoring. Supply chain optimization can assist a company in identifying, locating, and resolving bottlenecks and other difficulties in existing supply chains and designing new ones to serve customers better and increase revenue. With real-time asset monitoring tools that offer information on the shipment status, handling quality, and cold chain integrity, companies can detect bottlenecks and other problems in existing supply chains before they materialize as delayed deliveries or damaged goods.

Miniaturized real-time IoT modules with track-and-trace features for cold chain management, smart packaging, perishable commodities shipping, and real-time box tracking keep a tab on shipments. Using real-time location systems such as IoT-based asset trackers, flag supply chain issues as they arise, replete with accurate location data and a timestamp, and take targeted action to fix them before they spiral out of control. Companies are offering a comprehensive technology portfolio for logistics optimization, which contains all the components required to create safe, low-maintenance, and globally certified systems for tracking assets across a supply chain.

The NB-IoT segment has emerged as widely adopted connectivity for IoT asset tracking and monitoring. NB-IoT is being deployed frequently in logistics for capturing the real-time location of goods and delivery information, temperature monitoring in cold-chain, near real-time location and information of high-value medical equipment with shock and temper alerts, livestock monitoring, and container monitoring, among others.

The automotive segment is projected to create abundant opportunities in the IoT based asset tracking and monitoring market from 2022 to 2027 and is projected to grow at a healthy CAGR. The emergence of automation has changed the working of the automotive sector inside-out and made the IoT popular. For instance, automobile manufacturers are utilizing IoT in advanced planning and scheduling to capture real-time production and inventory data and minimize waste and cycle time. They are also using IoT-based

analytics in multiple applications, from optimizing inventory in hand to adopting replenishment strategies in production lines for quality testing using optical-based analytics.

Asia Pacific region is estimated to create largest market opportunity in the IoT based asset tracking and monitoring market during the forecast period. IoT has penetrated various verticals in Asia Pacific, such as agriculture, automotive, railways, aviation, manufacturing, healthcare, and food & beverage. The region has fastest-growing economies in the world such as China and India, with a huge population base and steadily increasing per capita income. Additionally, IoT and 5G integration will help enterprises worldwide deploy, manage, and scale their businesses from a unified platform. With unprecedented speed and flexibility, 5G transports more data with high responsiveness and reliability. Thereby, fueling the demand for IoT based asset tracking and monitoring market.

Ask for Sample Report @

https://www.marketsandmarkets.com/requestsampleNew.asp?id=118687881

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.



Source link

Previous Post

Lithium Silicon Battery Market worth $247 million by 2030

Next Post

Ciba Health establishes a subsidiary in the UAE to address the MENA market

RECOMMENDED NEWS

Market Leader – Protective Clothing Market

Market Leader – Protective Clothing Market

8 months ago
تستقطب قمة الخليج للشؤون الدوائية في نسختها الثامنة في دبي عام 2023

تستقطب قمة الخليج للشؤون الدوائية في نسختها الثامنة في دبي عام 2023

4 months ago

Aircraft Battery Industry Worth $723 million by 2027 at a CAGR of 13.7%

6 months ago

Urban Air Mobility Market Predicted to Reach $28.3 billion by 2030 at a CAGR of 34.3%

7 months ago

BROWSE BY CATEGORIES

  • Africa
  • Business
  • Finance
  • Lifestyle
  • Middle East
  • News
  • Press Releases
  • Technology

POPULAR NEWS

  • ZainTech partners with LigaData to deliver data-driven digital services in MENA

    ZainTech partners with LigaData to deliver data-driven digital services in MENA

    0 shares
    Share 0 Tweet 0
  • NOWA outlines 16 major achievements of Hajiya Aisha Gambo in 2 Years

    0 shares
    Share 0 Tweet 0
  • Wahyd Expands Tech-Enabled Logistics Platform to Saudi Arabia

    0 shares
    Share 0 Tweet 0
  • تم إطلاق VOYAH FREE في أوروبا وتم افتتاح معرض VOYAH.

    0 shares
    Share 0 Tweet 0
  • Vidliz Expands Its Data-Driven Online Marketing Services in the Middle East

    0 shares
    Share 0 Tweet 0

About Us

Tunisia Weekly™ reports and aggregates business, socio-economic, Tech and industrial news on Tunisia,Africa and the Middle East.

We provide press release distribution to media outlets in Tunisia, other countries in the Arab World, the Middle East and Africa (MEA). Submit a press release or contact us today.

Categories

News

Business

Finance

Technology

Lifestyle

AFRICA

Middle East

Press Releases

Recent News

Recent Posts
  • Tunisia's financial crisis leaves the sick struggling to find medicine – Yahoo Lifestyle Australia
  • 14 migrants found in the desert near Libyan border with Tunisia – Libya Update
  • Neutrino Energy: استكشاف الإمكانات غير المستغلة لطاقة النيوترينو
  • الرياض تستضيف فعاليات الدورة الثانية من المنتدى العالمي لإدارة المشاريع

Subscribe to Our Newsletter

    Share Us

    Contact Us

    • +1 832 716 2363
    • +12816454086
    • Email: Email Us
    • Skype: groupwebmedia

    The TunisiaWeekly.com™ is part of GroupWeb Media Network. © 2023 GroupWeb Media LLC

    • About Us
    • Contact Us
    • Submit a Press Release
    No Result
    View All Result
    • Register
    • Login
    • News
    • Business
    • Finance
    • Technology
    • Lifestyle
    • Africa
    • Middle East
    • Press Releases
    • About Us
      • Contact Us

    The TunisiaWeekly.com™ is part of GroupWeb Media Network. © 2023 GroupWeb Media LLC