One Quarter Billion Industrial IoT Asset Trackers by 2027, Says ON World

Asset tracking is the fastest growing industrial IoT market and most connected devices will be location aware within the next decade, according to a recently published report by ON World.

“A new generation of industrial asset tracking and locating applications is now possible due to the emergence of low-cost smart tags with multi-year battery lifetimes,” said Mareca Hatler, ON World’s research director. “The biggest drivers of this growth are Low Power Wide Networks (LPWAN), Bluetooth beacons, ultra-wideband (UWB) and innovations targeting indoor/outdoor asset tracking.”

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One Quarter Billion Industrial IoT Asset Trackers by 2027, Says ON World

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