IoT Based Asset Tracking and Monitoring Market Overview:
The IoT-Based Asset Tracking and Monitoring Market has witnessed significant growth, driven by the adoption of Internet of Things (IoT) technologies to streamline operations and optimize resource utilization. Valued at USD 4.1 billion in 2022, the market is expected to expand from USD 4.58 billion in 2023 to a remarkable USD 11.01 billion by 2032, achieving a compound annual growth rate (CAGR) of 11.60% during the forecast period (2024–2032).
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