Atlanta, Georgia, Nov. 18, 2020: – Asset tracking solutions is high on the list of priorities of companies, according to new researc.
Helium, Digital Matter, and Semtech today announced the release of the ‘2020 State of IoT Asset Tracking Report’, which was designed to provide insights into the commercial and private Internet of Things (IoT) asset tracking landscape.
The report, in its second year, compiled findings from a global survey of almost 600 IoT decision-makers and enthusiasts and analysed asset tracking demands, adoption rates, connectivity and hardware choices, deployment challenges, and more.
The report indicated that 63 per cent of respondents were actively researching asset tracking solutions, with 46 per cent urgently seeking to address asset tracking needs immediately or within the next 3 months.
Preventing asset loss and theft, followed by enhancing operational efficiency were the two highest drivers of adoption.
Of the respondents already implementing asset tracking solutions, 69 per cent of respondents were using either cellular connectivity (40 pc or LPWAN such as LoRaWAN (29 pc).
Respondents included business decision makers (Owner, Founder, CEO) and IT/Technical decision makers (VP and Above, Director, Senior) from a range of industries such as Hardware and Software Technologies, Healthcare, Transport and Distribution, Retail, Agriculture and Agribusiness, and more.
“Based on inbound demand and outbound efforts, asset tracking demand remains high, and yet legacy connectivity technologies continue to be costly and complex,” saids Dal Gemmell, Head of IoT Product at Helium, the company that has built the world’s largest, public LoRaWAN network, in a written statement.
“Collecting real-time data for assets onsite or in transit on a network optimized for long range and battery life is now accessible to organizations at a fraction the connectivity costs of cellular using The People’s Network,” added Dal Gemmell.
A full copy of the State of IoT Asset Tracking report can be found at the Helium and Digital Matter websites.