The global asset tracking market has seen significant growth since its development. By 2027, The market is expected to be valued at a staggering $60.7 billion, which indicates a 17.1% compound annual growth rate (CAGR). The IoT-supported segment of the market specifically, will account for 90% of the connected enterprise and industrial solutions.
Category Archives: Technology
When most people hear the term logistics, they think of transportation. Although that is a function of logistics, there are many other functions. Logistics executives must make decisions such as:
Manufacturing companies have started realizing the benefits of an asset tracking system; that’s why many have begun searching for the perfect asset tracking and monitoring solution. With the release of the Apple AirTag, some manufacturing companies are exploring how this could fit into daily operations to improve workplace processes such as Work in Process (WIP) […]
Today internet of things is the most topical talk in the tech industry. If you are still unaware of this term, the Internet of Things, a.k.a IoT, then just look around; you have been using it in your daily life, either in the form of smart watches or smart microwaves or smart water bottles, etc, […]
As technology advances, drones are gradually becoming more relevant in asset tracking. For many e-commerce, major retail, and logistics companies, drone delivery services seem to be the next big step moving forward. This increase in drone relevance is due to cost-savings and versatility.
Increasing government initiatives, growing energy concerns, consumer demands, and various environmental, social and governance (ESG) factors are driving the growth of the smart building market, which is expected to register a compound annual growth rate (CAGR) of over 23% between the period of 2020 – 2025. In this piece, Matthew Margetts, director of sales and […]
It has been reported that the number of connected IoT devices will exceed 75 billion by 2025 (Source, Findstack), meaning for every human on earth, there will be approximately nine connected devices, says Jordan Appleson, CEO at Hark. The speed at which IoT technology is infiltrating pretty much every area of our lives is as […]
It may sound hard to believe, but in just a few decades our cities will increase in population by 50%. If you thought your city centre was crowded now, just wait! The population densities that the UN has forecasted to occur by 2050 should make us stop and think: With all those people, and cars, […]
The ability of eSIM technology to deliver advanced security, seamless and flexible connectivity, and full end-to-end digitalisation along with myriad other benefits such as greener supply chains has long promised to transform the connected ecosystem, says Claus Dietze, chair of the TCA Board. Trusted Connectivity Alliance (TCA) has been tracking the development of the eSIM […]
According to the United Nations, we can expect 68% of the global population to live in urban areas by 2050. To cope with this increase, cities are focusing on the use of technology to improve equity for residents, facilitate more sustainable living and encourage better use of resources. Here Richard Mount, director of sales at […]