Asset Tracking Market: 2024-2029

With governments focusing increasingly on sustainability, businesses are using asset tracking solutions to monitor their own practices. This is becoming easier as many leading vendors such as AT&T and IBM provide solutions which enable the direct tracking of emissions causing activity. Even in terms of asset-tracking hardware, inlays for RFID (Radio-frequency Identification) tags have become smaller, resulting in fewer resources being used to manufacture them, reducing the reliance on materials such as plastics. Furthermore, battery-free RFIDs are becoming popular, meaning that improper disposal of RFIDs no longer has the same environmental consequences as battery-powered models. Consequently, all of these solutions have resulted in a market that is increasingly focused on sustainability.