Europe IoT based Asset Tracking and Monitoring Market Size, Share & Industry Trends Analysis Report By Connectivity Type (Cellular, NB-IoT, SigFox, Wi-Fi, LoRa, GNSS, Bluetooth, and Others), By Application, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Europe IoT based Asset Tracking and Monitoring Market would witness market growth of 10.0% CAGR during the forecast period (2022-2028).
The state of cars can be kept track of while they are being stored and maintained using IoT asset tracking. This knowledge can enhance the effectiveness of repairs while also assisting in damage prevention. IoT asset tracking can also be used to keep tabs on a vehicle's performance while it's being driven. This knowledge can increase the safety of vehicle operating and aid in the early detection of issues. IoT asset tracking could provide the automotive industry with a variety of advantages overall.
Data centre operations can be made more effective by using IoT asset tracking. In addition, data centre managers can more readily discover assets that need to be repaired or replaced by tracking the location and status of their assets. Additionally, data centre managers may maximize the use of their assets with the use of IoT asset tracking. Data centre administrators can make sure that the assets that are utilized the most frequently are well-maintained and placed in areas that are simple to reach by knowing which assets are used the most frequently.
Also, data centre administrators may lower the risk of theft or loss by using IoT asset tracking, which gives them real-time access to the location of their assets. Data centre managers can swiftly locate an asset's last known location and take action to retrieve it in the event that it is lost or stolen. Along with that, data centre managers can increase the security of their facilities by using IoT asset monitoring, which gives them real-time access to asset location information. Moreover, data centre managers are able to locate assets rapidly in an emergency and take action to evacuate them.
Since Germany is presently Europe's top exporter of manufactured goods, other sophisticated industrial nations dealing with the effects of the "Great Recession" may find valuable lessons in Germany's model of production. This study investigates the German manufacturing industry from the objective standpoint of the three markets under capitalism; it looks at just how they function, the role policies & institutions have played in those, and evaluates the sustainability of that medium- and long-term.
The Germany market dominated the Europe IoT based Asset Tracking and Monitoring Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $433.7 million by 2028. The UK market is anticipated to grow at a CAGR of 9.1% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 10.8% during (2022 - 2028).
Based on Connectivity Type, the market is segmented into Cellular, NB-IoT, SigFox, Wi-Fi, LoRa, GNSS, Bluetooth, and Others. Based on Application, the market is segmented into Manufacturing, Automotive, Livestock Monitoring, Railways, Aviation, Cold Chain Monitoring, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Thales Group S.A., Sierra Wireless, Inc., Telit corporate group (DBAY Advisors Limited), Analog Devices, Inc., Semtech Corporation, Quectel Wireless Solutions Co., Ltd., U-blox Holding AG, Fibocom Wireless, Inc., Sony Semiconductor Israel Ltd. (Sony Corporation), and Nordic Semiconductor ASA.
Scope of the Study
Market Segments Covered in the Report:
By Connectivity Type
- Livestock Monitoring
- Cold Chain Monitoring
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Thales Group S.A.
- Sierra Wireless, Inc.
- Telit corporate group (DBAY Advisors Limited)
- Analog Devices, Inc.
- Semtech Corporation
- Quectel Wireless Solutions Co., Ltd.
- U-blox Holding AG
- Fibocom Wireless, Inc.
- Sony Semiconductor Israel Ltd. (Sony Corporation)
- Nordic Semiconductor ASA
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