The Business Research Company’s Wireless Asset Management Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Wireless Asset Management Global Market Report 2023 evaluates wireless asset management market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global wireless asset management market is expected to grow from 19.26 billion in 2022 to 22.12 billion in 2023 at a compound annual growth rate (CAGR) of 14.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The wireless asset management market is expected to reach 38 billion in 2027 at a CAGR of 14.5%
The increasing adoption of the Internet of Things (IoT) is expected to propel the growth of the wireless asset management market going forward. The Internet of Things (IoT) is a networked system of interconnected computing devices, mechanical and electronic machinery with unique identities (UIDs), and the capacity to transfer data without needing human-to-human or human-to-computer contact. The Internet of Things (IoT) enables real-time tracking of assets, making it easier to manage and control them. Additionally, through IoT sensors and devices, organizations can monitor the location, condition, and movement of assets in real-time. For instance, in March 2023, according to a report published by the Global Mobile Supplier Association (GSA), a UK-based not-for-profit industry organization representing suppliers in the mobile communication industry, the global IoT connections reached 13.2 billion in 2022, and is expected to increase by 18% to 34.7 billion by 2028. Therefore, the increasing usage of the Internet of Things (IoT) drives the wireless asset management market.
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The wireless asset management market segments in the report are:
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
The table of contents in TBRC’s wireless asset management market report includes:
- Executive Summary
- Wireless Asset Management Market Characteristics
- Wireless Asset Management Market Trends And Strategies
- Wireless Asset Management Market – Macro Economic Scenario
- Wireless Asset Management Market Segmentation
……
- Global Wireless Asset Management Market Competitive Benchmarking
- Global Wireless Asset Management Market Competitive Dashboard
- Key Mergers And Acquisitions In The Wireless Asset Management Market
- Wireless Asset Management Market Future Outlook and Potential Analysis
- Appendix
Top Major Players :
- Microsoft Corporation
- Verizon Communications Inc.
- AT&T Inc., Huawei Technologies Co. Ltd.
- Hitachi Ltd.
- Amazon Web Services Inc.
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