Security News > 2020 > August > The evolution of IoT asset tracking devices

According to a report by ABI Research, asset tracking device shipments will see a 51% year-on-year device shipment growth rate through 2024.

Expanding LPWAN coverage, technological maturity, and the associated miniaturization of sophisticated devices are key to moving asset tracking from traditionally high-value markets to low-value high-volume markets, which will account for most of the tracker connection and shipment numbers.

"Hardware devices for the asset tracking market are primarily dominated by the need to balance power consumption, form factor, and device cost. Balance and compromise between these three must be achieved based on the use-case and are dictated by the business case and possible return on investment for the customer," said Tancred Taylor, Research Analyst at ABI Research.

Others are going to market with off-the-shelf or vertically-focused devices for quickly scalable deployments - such as BeWhere, Roambee, Sony, or FFLY4U. Early adoption of asset tracking was in the fleet, container, and logistics industries to provide basic data on the location and condition of assets in transit.

Increased device functionality combined with component miniaturization is key to driving the next generation of low-cost tracking devices.

News URL

http://feedproxy.google.com/~r/HelpNetSecurity/~3/Z4WyIE93cI0/