Asset Tracking Market in 2025: 15 Key Statistics for Decision Makers

Running a facility means juggling a lot of moving parts, equipment, tools, vehicles, inventory and the people who use them. The more assets you have, the harder it is to know exactly where everything is and how it’s being used. And when something’s missing, out of place or sitting idle, you feel the cost immediately.

That’s why so many companies are leaning into modern asset tracking. It’s no longer something only large corporations do; it’s becoming a must-have for anyone who wants smoother operations, tighter security and fewer headaches.

The asset tracking market size in 2025 makes one thing clear: more businesses are investing in these tools than ever before. With IoT-based systems, wayfinding capabilities, personnel monitoring and geofencing, it’s now possible to track assets in real time, across large spaces, without adding more work for your team.

Key Statistics for Decision Makers

Here are 15 key statistics that give you a real-world view of where the market is now and where it’s heading. These numbers aren’t from solution providers trying to sell you something, they’re from independent research you can trust.

1. Global Market Size in 2025

The global asset tracking market statistics put the sector at $28.93 billion in 2025. That’s across industries like manufacturing, logistics, retail and healthcare. In other words, businesses of all shapes and sizes are making it a priority.

2. Projected Growth Rate

The asset tracking market size and forecast 2025 show a CAGR of 13–14.9% between 2025 and 2030. That’s strong growth, driven by the need for real-time monitoring and IoT-powered tracking in day-to-day operations.

3. Market Value by 2030

On its current track, the market could hit $53.51 billion by 2030. Some estimates go as high as $59.64 billion by 2032. That means more options and competitive pricing for buyers over the next few years.

4. North America Leads Adoption

North America is holding about 36–39% of the market share in 2024–2025. A big reason? Widespread adoption in logistics, manufacturing and retail. Facilities here are putting wayfinding asset tracking to work to keep operations moving.

5. Asia-Pacific Growth Surge

Asia-Pacific is catching up fast, growing at around 16% CAGR from 2024 to 2029. Industrial expansion and IoT integration are fueling this. The IoT asset tracking market size in this region is set to keep climbing.

6. GPS Dominance in Fleet Tracking

More than 90% of fleet management companies use GPS tracking. This shows how important geofencing and real-time personnel monitoring have become for safety and compliance.

7. AI Predictive Maintenance Gains

Companies using AI-powered predictive maintenance with asset tracking have seen up to 50% fewer equipment breakdowns. For facilities that rely on expensive machinery, that’s a game-changer for uptime.

8. Tangible Operational Savings

In fleet operations, asset tracking has helped cut fuel use by 10% and improve vehicle utilization by 15%. For many businesses, that’s not just cost savings, it’s a boost to productivity.

9. Hardware Leads Market Share

The hardware side, tags, sensors and GPS devices, is worth $33.5 billion in 2025. These tools are the foundation of enterprise asset tracking ROI statistics because they collect the data that drives decisions.

10. Software Market Expansion

On the software side, the market is worth $21.61 billion in 2025 and growing at 12.7% CAGR. New platforms now combine wayfinding, asset monitoring and personnel tracking into a single dashboard.

11. Real-Time Location Systems on the Rise

The RTLS (Real-Time Location Systems) market will grow by $13.84 billion between 2022 and 2027 at a 28% CAGR. This is being driven by industries that can’t afford to guess where their assets are.

12. IoT Device Integration

By 2025, about 25 billion IoT devices will be in use for asset tracking worldwide. That’s what’s powering asset tracking technology trends like automated alerts and condition-based monitoring.

13. Manual Tracking Still Common

Surprisingly, 48% of organizations still rely on spreadsheets to track assets. That slows down work and makes it harder to keep records accurate, especially in larger operations.

14. Multiple Tools Create Risk

Another 55% of organizations use multiple disconnected tools for asset tracking. The result? Gaps in visibility and higher compliance risk. A single, centralized system fixes that problem.

15. IoT-Based Market Value

The IoT-based asset tracking and monitoring market is worth $5.56 billion in 2025 and could grow to $9.62 billion by 2029. This reflects the shift toward smarter, connected facilities.

Why This Matters for Facility Owners

These stats aren’t just “nice to know”, they show where the industry is headed and where your competition is investing. If your facility handles valuable assets, asset tracking can:

• Cut the time spent searching for tools and equipment
• Reduce theft or unauthorized use
• Improve compliance with safety rules
• Support personnel monitoring in high-risk areas
• Use geofencing to control access to restricted zones

The future of the asset tracking market is about having every asset connected and accounted for, not just for security, but for smarter day-to-day operations.

Final Takeaway

The asset tracking market size 2025 and key growth drivers tell a simple story: this is not just a passing tech trend. Facilities that invest now see stronger ROI, smoother operations and better control over their assets for years to come.  If you found this blog helpful, please read our blog on Asset Tracking 101: What an Asset Tracking System is and Why You Need One or watch our video on Maximize Operational Efficiencies and Employee Satisfaction With Location-Based Technology.