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The global market growth of 10.7% CAGR expected by 2028 for IoT based Asset Tracking and Monitoring Market

With the release of “Global IoT based Asset Tracking and Monitoring Market Size, Share & Industry Trends Analysis Report By Connectivity Type, By Application, By Regional Outlook and Forecast, 2022 – 2028″, it is expected that Asset Tracking and Monitoring industry will have market growth of 10.7% CAGR by 2028. The report was published by Reportlinker.

The report covers various market segments based on the type of their connectivity, industry, region. Some worth mentioning connectivity technologies covered in this report are Cellular, NB-IoT, Wi-Fi, LoRa, GNSS, Bluetooth. Eagle-IoT feels immense pleasure to provide all these connectivity types to its users in KSA for IoT based Asset Tracking and Monitoring.

As per the market reports in 2021, for IoT-based Asset Tracking and Monitoring Market, LoRa segment generated a substantial revenue share. LoRa is a long range, low power wireless platform radio modulation technique. According to Semtech, a major provider of LoRa devices and services, claims the technology is developed on chirp spread spectrum technology
Deployment of LoRa devices can be easily integrated into current infrastructure. Thus, enabling low-cost battery-operated IoT application. The technology can be used for smart metering; inventory tracking, vending machine data and monitoring, automotive industry, utility applications; anywhere where data reporting and control may be needed.
Eagle-IoT will soon be provider of LoRa devices and services in KSA to facilitate the implementation of IoT solutions in industry sectors including smart city solutions, oil and gas, M2M, and industrial applications.

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