GITNUX MARKETDATA REPORT 2024

Asset Tracking Software Industry Statistics

The asset tracking software industry is expected to grow at a rapid pace with a high demand for real-time visibility and efficiency in asset management processes.

Statistic 1

"The global asset tracking software market was valued at approximately USD 11.12 billion in 2018."

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Statistic 2

"The market is expected to reach approximately USD 27.61 billion by 2025."

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Statistic 3

"The compound annual growth rate (CAGR) for 2019-2025 is predicted to be 12.7%."

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Statistic 4

"In 2018, North America accounted for the largest share of the asset tracking market due to the early adoption of these solutions."

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Statistic 5

"The Asia-Pacific region is expected to grow at the highest CAGR in the coming years."

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Statistic 6

"The healthcare industry holds a significant share of the asset tracking software market."

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Statistic 7

"Roughly 85% of enterprises will have implemented IoT-enabled asset tracking by 2022."

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Statistic 8

"In 2020, nearly 20% of companies reported tracking over 10,000 assets."

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Statistic 9

"57% of enterprises consider asset tracking as essential for their bottom line."

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Statistic 10

"Asset tracking software helps in reducing equipment losses by up to 90%."

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Statistic 11

"The transportation and logistics sector had the highest share for asset tracking in 2019."

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Statistic 12

"About 65% of companies' investment costs are infrastructure related, showing an increase in demand for asset tracking software."

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Statistic 13

"By 2026, IoT in asset tracking is predicted to reach USD 70 billion."

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Statistic 14

"The property management industry makes up the largest market user of asset tracking software, at 60%."

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Statistic 15

"In 2021, 77% of organizations used some form of cloud computing for IT Asset Management."

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Statistic 16

"The cost of recovering lost assets is on average 25 times the cost of the asset itself."

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Statistic 17

"Companies using an Internet of Things (IoT) solution for asset tracking can decrease inventory errors by up to 30%."

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