Wireless Asset Management Global Market Report 2025

Wireless asset management involves the use of wireless connectivity and digital solutions to monitor, track, and secure assets efficiently. It offers improved efficiency, real-time tracking, and streamlined processes for asset management across various industries.

The primary components of wireless asset management include hardware and software. Hardware refers to the physical components, devices, and equipment that constitute a computer system or electronic device. These components are applied in various applications such as asset monitoring, loss prevention, automated inventory control, and others. Wireless asset management finds applications in industries such as healthcare, retail, oil and gas, transportation and logistics, manufacturing, energy and utilities, among others.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The sharp rise in U.S. tariffs and the ensuing trade tensions in spring 2025 are having a significant impact on the information technology sector, especially in hardware manufacturing, data infrastructure, and software deployment. Increased duties on imported semiconductors, circuit boards, and networking equipment have driven up production and operating costs for tech companies, cloud service providers, and data centers. Firms that depend on globally sourced components for laptops, servers, and consumer electronics are grappling with extended lead times and mounting pricing pressures. At the same time, tariffs on specialized software and retaliatory actions by key international markets have disrupted global IT supply chains and dampened foreign demand for U.S.-made technologies. In response, the sector is ramping up investments in domestic chip production, broadening its supplier network, and leveraging AI-powered automation to improve resilience and manage costs more effectively.

The wireless asset management market research report is one of a series of new reports from The Business Research Company that provides wireless asset management market statistics, including the wireless asset management industry global market size, regional shares, competitors with a wireless asset management market share, detailed wireless asset management market segments, market trends and opportunities, and any further data you may need to thrive in the wireless asset management industry. This wireless asset management market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The wireless asset management market size has grown rapidly in recent years. It will grow from $24.8 billion in 2024 to $27.84 billion in 2025 at a compound annual growth rate (CAGR) of 12.3%. The growth in the historic period can be attributed to the rising need for efficient asset tracking, increased adoption of IoT devices, growth in the e-commerce sector, demand for real-time monitoring, and globalization of supply chains.

The wireless asset management market size is expected to see rapid growth in the next few years. It will grow to $51.43 billion in 2029 at a compound annual growth rate (CAGR) of 16.6%. The growth in the forecast period can be attributed to the expansion of 5g networks, growing emphasis on supply chain optimization, increasing demand for connected devices, the rise of smart factories, surge in e-commerce activities. Major trends in the forecast period include the adoption of edge computing for real-time analytics, the emergence of blockchain in asset management, the focus on sustainability in asset tracking solutions, the integration of augmented reality (AR) for maintenance, and the use of machine learning in predictive maintenance.

The forecast of 16.6% growth over the next five years reflects a modest reduction of 0.2% from the previous estimate for this market. This reduction is primarily due to the impact of tariffs between the US and other countries. The imposition of tariffs is expected to impact the US market due to increased costs for imported RFID tags, sensors, and gateway components from Asian suppliers, which are essential for asset tracking systems. The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.

The anticipated surge in the adoption of the Internet of Things (IoT) is poised to drive the growth of the wireless asset management market. IoT, a networked system of interconnected computing devices and machinery, facilitates real-time tracking of assets, making management and control more efficient. Through IoT sensors and devices, organizations can monitor the location, condition, and movement of assets in real-time. As of March 2023, the global IoT connections reached 13.2 billion, and a substantial increase to 34.7 billion is expected by 2028, according to a report by the Global Mobile Supplier Association (GSA). This robust increase underscores the pivotal role of the IoT in propelling the wireless asset management market forward.

The increased utilization of cloud-based applications is expected to drive the growth of the wireless asset management market in the future. Cloud-based applications, also referred to as cloud applications or software as a service (SaaS), are software programs and services provided over the Internet. Wireless asset management facilitates seamless device operation, enhances security, and optimizes performance for cloud-based applications, providing essential infrastructure support to improve overall reliability. For example, in December 2023, the European Commission, a Belgium-based government administration, reported that the proportion of enterprises in the EU purchasing cloud computing services increased by 4.2 percentage points from 2021 to 2023. Thus, the heightened use of cloud-based applications is fueling the growth of the wireless asset management market.

Major companies in the wireless asset management market are concentrating on launching advanced solutions, such as cloud-based plant asset monitoring systems, to enhance their capabilities and retain a competitive advantage. A cloud-based plant asset monitoring solution is a digital system that employs cloud technology to monitor and manage equipment performance and condition in real-time, improving operational efficiency and facilitating predictive maintenance. For example, in June 2022, Yokogawa Electric Corporation, a Japan-based IT company, introduced OpreX Asset Health Insights. This service offers cloud-based asset monitoring that boosts operational efficiency by providing real-time data and AI-driven analytics for a comprehensive understanding of asset performance. It allows for proactive management of various asset types, reducing downtime and optimizing maintenance across multiple industries.

Major companies operating in the wireless asset management market are focused on developing innovative products, such as wireless asset monitoring with low-power requirements. This technology minimizes energy consumption while tracking and managing assets using wireless communication. In December 2023, Prylada launched the Energy-Harvesting Wireless Sensor Platform, designed for low-power wireless condition monitoring of industrial critical assets. The platform operates independently or integrates into the Prylada ecosystem, streamlining monitoring, minimizing cables, and ensuring real-time emergency alarm management.

In January 2023, Semtech Corporation acquired Sierra Wireless Inc. for approximately $1.2 billion. This strategic acquisition positions Semtech Corporation to deliver a robust product portfolio and service model across high-growth IoT segments, leveraging Sierra Wireless's expertise in cellular connectivity, IoT software, and services, as well as extensive knowledge of IoT hardware and software channels and vertical markets.

Major companies operating in the wireless asset management market include Microsoft Corporation, Verizon Communications Inc., AT&T Inc., Huawei Technologies Co. Ltd., Hitachi Ltd., Amazon Web Services Inc., T-Mobile US Inc., Siemens AG, General Electric Company, Panasonic Corporation, International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation, Honeywell International Inc., SAP SE, Fujitsu Limited, Hewlett Packard Enterprise Company, Infosys Limited, Stanley Black & Decker Inc., Motorola Solutions Inc., Zebra Technologies Corporation, Trimble Inc., Infor Inc., Hyster-Yale Group Inc., Horizons Incorporated

Asia-Pacific was the largest region in the wireless asset management market in 2024, and is expected to be the fastest-growing region in the forecast period. The regions covered in the wireless asset management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the wireless asset management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The wireless asset management market includes revenues earned by entities by providing wireless management solutions, physical asset monitoring, and next-generation wireless asset management. The market value includes the value of related goods sold by the service provider or included within the service offering. The wireless asset management market also consists of sales of GPS asset tracking devices, wireless sensors, and monitoring systems. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Wireless Asset Management Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on wireless asset management market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for wireless asset management ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The wireless asset management market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

• Markets Covered:1) By Component: Hardware; Software
• 2) By Application: Asset Monitoring; Loss Prevention; Automate Inventory Control; Other Applications
• 3) By End-User: Healthcare; Retail; Oil And Gas; Transportation And Logistics; Manufacturing; Energy And Utilities; Other End-User
• Subsegments:
• 1) By Hardware: RFID Tags; RFID Readers; Sensors; Mobile Devices
• 2) By Software: Asset Tracking Software; Inventory Management Software; Analytics And Reporting Tools; Integration Software
• Companies Mentioned: Microsoft Corporation; Verizon Communications Inc.; AT&T Inc.; Huawei Technologies Co. Ltd.; Hitachi Ltd.; Amazon Web Services Inc.; T-Mobile US Inc.; Siemens AG; General Electric Company; Panasonic Corporation; International Business Machines Corporation; Cisco Systems Inc.; Oracle Corporation; Honeywell International Inc.; SAP SE; Fujitsu Limited; Hewlett Packard Enterprise Company; Infosys Limited; Stanley Black & Decker Inc.; Motorola Solutions Inc.; Zebra Technologies Corporation; Trimble Inc.; Infor Inc.; Hyster-Yale Group Inc.; Horizons Incorporated
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery Format: PDF, Word and Excel Data Dashboard.