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flag IoT asset tracking market set to grow to $9.2 billion by 2029, fueled by manufacturing and tech advancements.

flag The global IoT asset tracking and monitoring market is forecast to grow from $5.0 billion in 2024 to $9.2 billion by 2029, driven by a 12.8% CAGR. flag This growth is fueled by IoT adoption in manufacturing, improving operations and shifting maintenance to predictive methods. flag Significant demand comes from the Asia Pacific region due to high production and consumption of electronics, and from manufacturing and cold chain monitoring applications. flag Key players include Quectel Wireless Solutions, u-blox, and Fibocom Wireless.

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