Firms Should Use 4G, 5G for Real-Time Asset-Tracking: Juniper

The global spend on enterprise asset tracking will grow from $16 billion in 2022 to $45 billion in 2027 as supply chain demands create more need for real-time monitoring of high-value assets, reported Juniper Research Monday. The report forecasts the number of assets tracked will reach 24 billion by 2027, up from 8 billion this year. It advises asset-tracking platform providers to include real-time monitoring that can leverage multiple technologies, including GPS, 4G and 5G networks. GPS is a cost‑effective technology widely used today, but the broad network capabilities of 4G and 5G should be used to monitor assets with the highest value, it said.