Asset Tracking and Inventory Management Solution Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Component, By Product, By Application, By Industry, By Region & Competition, 2021-2031F

Description

The Global Asset Tracking and Inventory Management Solution Market is projected to expand from USD 21.15 Billion in 2025 to USD 48.44 Billion by 2031, achieving a CAGR of 14.81%. These solutions are defined as integrated systems of hardware and software designed to monitor the status, quantity, and physical location of items across the supply chain. The primary drivers for this market include the urgent need for improved operational efficiency, substantial decreases in inventory shrinkage, and strict adherence to regulatory compliance standards. These essential business requirements serve as the fundamental catalysts for demand and adoption, distinguishing them from mere technological trends that only influence the methods used to address these needs.

Market Overview
Forecast Period	2027-2031
Market Size 2025	USD 21.15 Billion
Market Size 2031	USD 48.44 Billion
CAGR 2026-2031	14.81%
Fastest Growing Segment	Hardware
Largest Market	Asia Pacific

Data from GS1 US in 2025 indicates that organizations deploying real-time tracking technologies were 68% more likely to report enhanced inventory control and visibility compared to those relying on traditional methods, highlighting the direct link between tracking investments and operational performance. However, high initial deployment costs and the technical complexity of integrating these advanced systems with legacy infrastructure remain significant barriers to broader market expansion. These structural and economic hurdles frequently delay adoption, particularly among smaller enterprises that lack the necessary capital resources or technical expertise to manage such upgrades.

Market Driver

The integration of IoT and RFID technologies for real-time tracking serves as a major growth driver, revolutionizing how organizations monitor assets within complex logistics networks. In contrast to passive tracking, these advanced solutions facilitate automated data capture and detailed visibility, enabling businesses to locate items with high precision and reduced manual effort. This technological evolution is evidenced by the rising demand for connected tags; according to the RAIN Alliance's February 2025 report on global markets, 52.8 billion RAIN RFID tag chips were shipped worldwide in 2024, marking a 17% year-over-year increase. Such extensive deployment highlights the industry's shift toward digitized inventory systems designed to streamline workflows and prevent loss.

Concurrently, the growth of omnichannel retail and e-commerce is compelling enterprises to update their inventory strategies to accommodate fragmented fulfillment channels. With consumers expecting flexible purchasing options, retailers must ensure absolute inventory accuracy to support services like buy-online-pickup-in-store (BOPIS) without risking overstocking or stockouts. According to Zebra Technologies' November 2024 '17th Annual Global Shopper Study', 78% of shoppers now favor a hybrid model mixing in-store and online channels, requiring seamless asset synchronization. Despite these improvements, operational gaps remain; GS1 US reported in 2025 that nearly 43% of supply chain professionals continue to struggle with full supply chain visibility, emphasizing the persistent need for robust management solutions.

Market Challenge

The substantial costs associated with initial deployment and the technical intricacies of integrating asset tracking systems with legacy infrastructure act as major obstacles to the growth of the Global Asset Tracking and Inventory Management Solution Market. For many prospective adopters, especially small to medium-sized enterprises, the required capital expenditure for software licenses, hardware, and system configuration exceeds the immediate operational advantages. This financial hurdle is often exacerbated by the rigidity of outdated supply chain architectures, which are difficult to connect with modern tracking tools, leading organizations to delay critical upgrades out of fear that implementation will disrupt operations and increase the total cost of ownership.

These economic and structural challenges are further intensified by a severe shortage of specialized technical expertise needed to manage complex integrations. Companies frequently encounter difficulties in finding internal talent capable of connecting new digital solutions with existing operational frameworks. According to the 2025 MHI Annual Industry Report, 83% of supply chain and manufacturing professionals identified the persistent workforce and talent shortage as a critical operational challenge. This lack of skilled human capital directly hinders organizations from overcoming deployment difficulties, thereby slowing the widespread adoption of advanced inventory management solutions.

Market Trends

The incorporation of Artificial Intelligence for Predictive Demand Forecasting is transforming the market from reactive monitoring to proactive inventory optimization. Advanced algorithms are now capable of analyzing extensive datasets-including seasonal market fluctuations and historical sales velocity-to accurately anticipate stock needs, thereby reducing the risks of unexpected shortages and overstocking. This shift toward data-driven, intelligent decision-making is accelerating among supply chain leaders aiming to leverage their digital infrastructure; according to the '2025 MHI Annual Industry Report' from March 2025, while only 28% of professionals currently use AI, adoption is expected to rise to 82% within five years, indicating an aggressive move toward predictive capabilities.

At the same time, the deployment of Autonomous Mobile Robots for Automated Inventory Scanning is revolutionizing warehouse operations by removing error-prone manual counting tasks. Equipped with computer vision and RFID readers, these robotic systems autonomously navigate facilities to verify location data and stock levels in real-time without human assistance. This scalable technology addresses labor shortages while ensuring consistent inventory accuracy in large distribution centers. According to the International Federation of Robotics (IFR) 'World Robotics 2025: Service Robots' report from October 2025, sales of professional service robots for logistics and transportation reached 102,900 units in 2024, a 14% increase as enterprises hasten their investment in automated fulfillment technologies.

Key Market Players

Zebra Technologies Corporation
Honeywell International Inc.
SATO Holdings Corporation
Impinj, Inc.
Smartrac N.V.
Avery Dennison Corporation
Toshiba TEC Corporation
JADAK, Inc.
Trimble Inc.
Oracle Corporation

Report Scope

In this report, the Global Asset Tracking and Inventory Management Solution Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Asset Tracking and Inventory Management Solution Market, By Component

Hardware
Software
Service

Asset Tracking and Inventory Management Solution Market, By Product

Consulting & Training
Implementation & Integration
Operation & Maintenance

Asset Tracking and Inventory Management Solution Market, By Application

IT Asset Tracking
Equipment Tracking
Facility Management
Warehouse Management
Others

Asset Tracking and Inventory Management Solution Market, By Industry

Retail
BFSI
IT & Telecom
Healthcare
Others

Asset Tracking and Inventory Management Solution Market, By Region

North America
- United States
- Canada
- Mexico
Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
South America
- Brazil
- Argentina
- Colombia
Middle East & Africa
- South Africa
- Saudi Arabia
- UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Asset Tracking and Inventory Management Solution Market.

Available Customizations:

Global Asset Tracking and Inventory Management Solution Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

1. Product Overview

1.1. Market Definition
1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Asset Tracking and Inventory Management Solution Market Outlook

5.1. Market Size & Forecast
- 5.1.1. By Value
5.2. Market Share & Forecast
- 5.2.1. By Component (Hardware, Software, Service)
- 5.2.2. By Product (Consulting & Training, Implementation & Integration, Operation & Maintenance)
- 5.2.3. By Application (IT Asset Tracking, Equipment Tracking, Facility Management, Warehouse Management, Others)
- 5.2.4. By Industry (Retail, BFSI, IT & Telecom, Healthcare, Others)
- 5.2.5. By Region
- 5.2.6. By Company (2025)
5.3. Market Map

6. North America Asset Tracking and Inventory Management Solution Market Outlook

6.1. Market Size & Forecast
- 6.1.1. By Value
6.2. Market Share & Forecast
- 6.2.1. By Component
- 6.2.2. By Product
- 6.2.3. By Application
- 6.2.4. By Industry
- 6.2.5. By Country
6.3. North America: Country Analysis
- 6.3.1. United States Asset Tracking and Inventory Management Solution Market Outlook
  - 6.3.1.1. Market Size & Forecast
    - 6.3.1.1.1. By Value
  - 6.3.1.2. Market Share & Forecast
    - 6.3.1.2.1. By Component
    - 6.3.1.2.2. By Product
    - 6.3.1.2.3. By Application
    - 6.3.1.2.4. By Industry
- 6.3.2. Canada Asset Tracking and Inventory Management Solution Market Outlook
  - 6.3.2.1. Market Size & Forecast
    - 6.3.2.1.1. By Value
  - 6.3.2.2. Market Share & Forecast
    - 6.3.2.2.1. By Component
    - 6.3.2.2.2. By Product
    - 6.3.2.2.3. By Application
    - 6.3.2.2.4. By Industry
- 6.3.3. Mexico Asset Tracking and Inventory Management Solution Market Outlook
  - 6.3.3.1. Market Size & Forecast
    - 6.3.3.1.1. By Value
  - 6.3.3.2. Market Share & Forecast
    - 6.3.3.2.1. By Component
    - 6.3.3.2.2. By Product
    - 6.3.3.2.3. By Application
    - 6.3.3.2.4. By Industry

7. Europe Asset Tracking and Inventory Management Solution Market Outlook

7.1. Market Size & Forecast
- 7.1.1. By Value
7.2. Market Share & Forecast
- 7.2.1. By Component
- 7.2.2. By Product
- 7.2.3. By Application
- 7.2.4. By Industry
- 7.2.5. By Country
7.3. Europe: Country Analysis
- 7.3.1. Germany Asset Tracking and Inventory Management Solution Market Outlook
  - 7.3.1.1. Market Size & Forecast
    - 7.3.1.1.1. By Value
  - 7.3.1.2. Market Share & Forecast
    - 7.3.1.2.1. By Component
    - 7.3.1.2.2. By Product
    - 7.3.1.2.3. By Application
    - 7.3.1.2.4. By Industry
- 7.3.2. France Asset Tracking and Inventory Management Solution Market Outlook
  - 7.3.2.1. Market Size & Forecast
    - 7.3.2.1.1. By Value
  - 7.3.2.2. Market Share & Forecast
    - 7.3.2.2.1. By Component
    - 7.3.2.2.2. By Product
    - 7.3.2.2.3. By Application
    - 7.3.2.2.4. By Industry
- 7.3.3. United Kingdom Asset Tracking and Inventory Management Solution Market Outlook
  - 7.3.3.1. Market Size & Forecast
    - 7.3.3.1.1. By Value
  - 7.3.3.2. Market Share & Forecast
    - 7.3.3.2.1. By Component
    - 7.3.3.2.2. By Product
    - 7.3.3.2.3. By Application
    - 7.3.3.2.4. By Industry
- 7.3.4. Italy Asset Tracking and Inventory Management Solution Market Outlook
  - 7.3.4.1. Market Size & Forecast
    - 7.3.4.1.1. By Value
  - 7.3.4.2. Market Share & Forecast
    - 7.3.4.2.1. By Component
    - 7.3.4.2.2. By Product
    - 7.3.4.2.3. By Application
    - 7.3.4.2.4. By Industry
- 7.3.5. Spain Asset Tracking and Inventory Management Solution Market Outlook
  - 7.3.5.1. Market Size & Forecast
    - 7.3.5.1.1. By Value
  - 7.3.5.2. Market Share & Forecast
    - 7.3.5.2.1. By Component
    - 7.3.5.2.2. By Product
    - 7.3.5.2.3. By Application
    - 7.3.5.2.4. By Industry

8. Asia Pacific Asset Tracking and Inventory Management Solution Market Outlook

8.1. Market Size & Forecast
- 8.1.1. By Value
8.2. Market Share & Forecast
- 8.2.1. By Component
- 8.2.2. By Product
- 8.2.3. By Application
- 8.2.4. By Industry
- 8.2.5. By Country
8.3. Asia Pacific: Country Analysis
- 8.3.1. China Asset Tracking and Inventory Management Solution Market Outlook
  - 8.3.1.1. Market Size & Forecast
    - 8.3.1.1.1. By Value
  - 8.3.1.2. Market Share & Forecast
    - 8.3.1.2.1. By Component
    - 8.3.1.2.2. By Product
    - 8.3.1.2.3. By Application
    - 8.3.1.2.4. By Industry
- 8.3.2. India Asset Tracking and Inventory Management Solution Market Outlook
  - 8.3.2.1. Market Size & Forecast
    - 8.3.2.1.1. By Value
  - 8.3.2.2. Market Share & Forecast
    - 8.3.2.2.1. By Component
    - 8.3.2.2.2. By Product
    - 8.3.2.2.3. By Application
    - 8.3.2.2.4. By Industry
- 8.3.3. Japan Asset Tracking and Inventory Management Solution Market Outlook
  - 8.3.3.1. Market Size & Forecast
    - 8.3.3.1.1. By Value
  - 8.3.3.2. Market Share & Forecast
    - 8.3.3.2.1. By Component
    - 8.3.3.2.2. By Product
    - 8.3.3.2.3. By Application
    - 8.3.3.2.4. By Industry
- 8.3.4. South Korea Asset Tracking and Inventory Management Solution Market Outlook
  - 8.3.4.1. Market Size & Forecast
    - 8.3.4.1.1. By Value
  - 8.3.4.2. Market Share & Forecast
    - 8.3.4.2.1. By Component
    - 8.3.4.2.2. By Product
    - 8.3.4.2.3. By Application
    - 8.3.4.2.4. By Industry
- 8.3.5. Australia Asset Tracking and Inventory Management Solution Market Outlook
  - 8.3.5.1. Market Size & Forecast
    - 8.3.5.1.1. By Value
  - 8.3.5.2. Market Share & Forecast
    - 8.3.5.2.1. By Component
    - 8.3.5.2.2. By Product
    - 8.3.5.2.3. By Application
    - 8.3.5.2.4. By Industry

9. Middle East & Africa Asset Tracking and Inventory Management Solution Market Outlook

9.1. Market Size & Forecast
- 9.1.1. By Value
9.2. Market Share & Forecast
- 9.2.1. By Component
- 9.2.2. By Product
- 9.2.3. By Application
- 9.2.4. By Industry
- 9.2.5. By Country
9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia Asset Tracking and Inventory Management Solution Market Outlook
  - 9.3.1.1. Market Size & Forecast
    - 9.3.1.1.1. By Value
  - 9.3.1.2. Market Share & Forecast
    - 9.3.1.2.1. By Component
    - 9.3.1.2.2. By Product
    - 9.3.1.2.3. By Application
    - 9.3.1.2.4. By Industry
- 9.3.2. UAE Asset Tracking and Inventory Management Solution Market Outlook
  - 9.3.2.1. Market Size & Forecast
    - 9.3.2.1.1. By Value
  - 9.3.2.2. Market Share & Forecast
    - 9.3.2.2.1. By Component
    - 9.3.2.2.2. By Product
    - 9.3.2.2.3. By Application
    - 9.3.2.2.4. By Industry
- 9.3.3. South Africa Asset Tracking and Inventory Management Solution Market Outlook
  - 9.3.3.1. Market Size & Forecast
    - 9.3.3.1.1. By Value
  - 9.3.3.2. Market Share & Forecast
    - 9.3.3.2.1. By Component
    - 9.3.3.2.2. By Product
    - 9.3.3.2.3. By Application
    - 9.3.3.2.4. By Industry

10. South America Asset Tracking and Inventory Management Solution Market Outlook

10.1. Market Size & Forecast
- 10.1.1. By Value
10.2. Market Share & Forecast
- 10.2.1. By Component
- 10.2.2. By Product
- 10.2.3. By Application
- 10.2.4. By Industry
- 10.2.5. By Country
10.3. South America: Country Analysis
- 10.3.1. Brazil Asset Tracking and Inventory Management Solution Market Outlook
  - 10.3.1.1. Market Size & Forecast
    - 10.3.1.1.1. By Value
  - 10.3.1.2. Market Share & Forecast
    - 10.3.1.2.1. By Component
    - 10.3.1.2.2. By Product
    - 10.3.1.2.3. By Application
    - 10.3.1.2.4. By Industry
- 10.3.2. Colombia Asset Tracking and Inventory Management Solution Market Outlook
  - 10.3.2.1. Market Size & Forecast
    - 10.3.2.1.1. By Value
  - 10.3.2.2. Market Share & Forecast
    - 10.3.2.2.1. By Component
    - 10.3.2.2.2. By Product
    - 10.3.2.2.3. By Application
    - 10.3.2.2.4. By Industry
- 10.3.3. Argentina Asset Tracking and Inventory Management Solution Market Outlook
  - 10.3.3.1. Market Size & Forecast
    - 10.3.3.1.1. By Value
  - 10.3.3.2. Market Share & Forecast
    - 10.3.3.2.1. By Component
    - 10.3.3.2.2. By Product
    - 10.3.3.2.3. By Application
    - 10.3.3.2.4. By Industry

11. Market Dynamics

11.1. Drivers
11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)
12.2. Product Launches (If Any)
12.3. Recent Developments

13. Global Asset Tracking and Inventory Management Solution Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry
14.2. Potential of New Entrants
14.3. Power of Suppliers
14.4. Power of Customers
14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. Zebra Technologies Corporation
- 15.1.1. Business Overview
- 15.1.2. Products & Services
- 15.1.3. Recent Developments
- 15.1.4. Key Personnel
- 15.1.5. SWOT Analysis
15.2. Honeywell International Inc.
15.3. SATO Holdings Corporation
15.4. Impinj, Inc.
15.5. Smartrac N.V.
15.6. Avery Dennison Corporation
15.7. Toshiba TEC Corporation
15.8. JADAK, Inc.
15.9. Trimble Inc.
15.10. Oracle Corporation