Mobile Tracking Solution Market Size

Mobile Tracking Solution Market size was valued at USD 116.08 billion in 2023 and is poised to exceed USD 1.45 trillion by the end of 2036, expanding at over 21.5% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of mobile tracking solution is evaluated at USD 136.05 billion.

The mobile tracking solution market have various applications in this everyday growing digital world. These solutions have wide application in industries such as healthcare, for tracing medical equipment and supplies, along with other industries, such as logistics and shipping, for container tracking, and in particular, the defense industry, for careful and 24x7 tracking of components. Mobile tracking solutions play an important part in ensuring national security. The need of mobile tracking solution for contact tracing the COVID-19 victims and subsequently monitoring everyone those who are affected, is anticipated to drive the global mobile tracking solution market. The market is further anticipated to grow on the backhand of growth in the industries of FMCG, retail, e-commerce and others. in emerging economies.