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The major players operating in the wireless asset management industry are:
The major players operating in the market are focused on expanding the range of wireless asset management solutions offered, including asset tracking, remote monitoring, predictive maintenance, and data analytics. Also, these companies focus on developing industry-specific solutions to meet the unique needs of various industries including healthcare, logistics, manufacturing.
Cisco Systems Inc., Hitachi Ltd., IBM Corporation, Infosys Limited, Moog Inc., RCS Technologies (RCS), Securitas AB, Siemens AG, Teletrac Inc., and Verizon Communications Inc.
The manufacturing segment accounted for a market share of around 27% in 2022 and is anticipated to grow through 2032 owing to the inclination toward smart manufacturing practices, leading to increasing adoption of IoT sensors, AI-driven analytics, and RFID technology to ensure precise asset tracking, predictive maintenance, and streamlined operations.
The wireless asset management industry was valued at USD 16.6 billion in 2022 and is estimated to register over 13.5% between 2023 and 2032.
North America wireless asset management industry share was around 34% in 2022 and is expected to grow significantly through 2032 owing to robust technological advancements and adoption of innovative solutions across the region.