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GPS Tracker Market size is set to grow by USD 2.13 billion from 2024-2028, Increasing demand for fleet management system to boost the market growth, Technavio

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NEW YORK, June 11, 2024 /PRNewswire/ — The global GPS tracker market size is estimated to grow by USD 2.13 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 19.09% during the forecast period. Increasing demand for fleet management system is driving market growth, with a trend towards increasing number of strategic partnerships and acquisitions. However, growing demand for obd dongles poses a challenge. Key market players include ArusNavi, CalAmp Corp., GalileoSky Research Scientific Association LLC, Geotab Inc., JSC Teltonika, Laipac Technology Inc., Meitrack Group, Michelin Group, Mielta Technologies, Navtelecom LLC, ORBCOMM Inc., Queclink Wireless Solutions Co. Ltd., Sensata Technologies Inc., Shenzhen Coban Electronics Co. Ltd., Shenzhen Eelink Communication Technology Co. Ltd., Shenzhen Jimi IoT Co. Ltd., Sierra Wireless Inc., Trackimo Inc., Traxbean Technology Ltd. Co., and UAB Ruptela.

Get a detailed analysis on regions, market segments, customer landscape, and companies – View the snapshot of this report

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

End-user (Logistics and transportation, Construction and mining, Government, and Oil and gas), Technology (Standalone tracker, Obd device, and Advance tracker), and Geography (Europe, APAC, North America, Middle East and Africa, and South America)

Region Covered

Europe, APAC, North America, Middle East and Africa, and South America

Key companies profiled

ArusNavi, CalAmp Corp., GalileoSky Research Scientific Association LLC, Geotab Inc., JSC Teltonika, Laipac Technology Inc., Meitrack Group, Michelin Group, Mielta Technologies, Navtelecom LLC, ORBCOMM Inc., Queclink Wireless Solutions Co. Ltd., Sensata Technologies Inc., Shenzhen Coban Electronics Co. Ltd., Shenzhen Eelink Communication Technology Co. Ltd., Shenzhen Jimi IoT Co. Ltd., Sierra Wireless Inc., Trackimo Inc., Traxbean Technology Ltd. Co., and UAB Ruptela

Key Market Trends Fueling Growth

In the GPS tracker market, vendors are forging alliances with technology providers, certification firms, and software companies to broaden their reach, develop new products, and access advanced technologies. For example, CalAmp Corp.’s partnership with Assured Techmatics in June 2022 offers fleet operators guaranteed Apollo electronic logging devices, in addition to CalAmp’s edge computing devices.

Vendors are also acquiring companies in related sectors to gain access to their technologies and software for product enhancement. These actions are anticipated to boost market expansion throughout the forecast period. 

The Global GPS Tracker Market is experiencing significant growth due to the increasing demand for real-time location tracking solutions. Route tracking, asset management, and personal safety are key applications driving market expansion.

Companies are focusing on developing cost-effective and efficient technologies to cater to various industries such as logistics, transportation, and personal use. The market is also witnessing the integration of advanced features like geofencing, two-way communication, and real-time alerts. With the growing trend of IoT and connected devices, the GPS tracker market is expected to continue its upward trajectory in the coming years. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

The Global GPS Tracker Market is experiencing significant competition from the increasing adoption of On-Board Diagnostic (OBD) dongles. These devices, which connect to the OBD-II port of vehicles and offer features like diagnostics, roadside assistance, and geofencing, are gaining popularity due to their affordability and comprehensive functionalities. OBD dongles, which are GPS-enabled and communicate wirelessly, also include sensors for detecting driving patterns and road conditions.As a result, they are increasingly preferred by both individual consumers and fleet owners, potentially hindering the growth of the GPS tracker market during the forecast period.The Global Positioning System (GPS) tracker market faces several challenges. Logistics and supply chain management require real-time location tracking to optimize routes and reduce costs.However, ensuring accurate and reliable tracking in urban areas with dense building structures and satellite interference can be difficult. Additionally, ensuring data security and privacy concerns are addressed is crucial as GPS data can reveal sensitive information.Furthermore, the cost of implementing and maintaining GPS tracking systems can be a barrier for smaller businesses. Despite these challenges, the market for GPS trackers continues to grow due to their numerous benefits, including improved efficiency, increased safety, and enhanced productivity.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

End-user 1.1 Logistics and transportation1.2 Construction and mining1.3 Government1.4 Oil and gasTechnology 2.1 Standalone tracker2.2 Obd device2.3 Advance trackerGeography 3.1 Europe3.2 APAC3.3 North America3.4 Middle East and Africa3.5 South America

1.1 Logistics and transportation-  The logistics sector relies heavily on supply chain optimization, with the timely delivery of perishable goods and customer satisfaction being key priorities. Fleet management solutions, including GPS trackers, are increasingly adopted to enhance supply chain efficiency. The market for GPS trackers is expanding due to their integration in ride-hailing and delivery services, driven by growing customer demand for convenience and real-time tracking. Vendors are responding by introducing innovative GPS tracking products during the forecast period.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022)  – Download a Sample Report

Research Analysis

The Global GPS Tracker Market is pivotal for fleet management, integrating solutions like Smart Tracker and Smart Fleet Management to monitor vehicle movements, driver behavior, and operational activities. These GPS tracking devices, essential for resource allocation and operational efficiency, often require RS-232 connections and 4G Cat 1 connectivity for real-time tracking. Fitness Tracker technology is also gaining traction, providing comprehensive data analytics. However, the advancement in technology brings potential cyber threats, emphasizing the need for robust security measures to mitigate hacking risks, unauthorized access, and subsequent legal and financial repercussions.

Market Research Overview

The Global GPS Tracker Market is experiencing rapid growth, driven by increasing demand for advanced Smart Tracker solutions across various applications. These solutions, including Smart Fleet Management and Fitness Trackers, offer real-time location, speed, and direction data. Technological advancements in satellite systems, battery life, and connectivity are propelling market expansion. Key applications span fleet management, asset tracking, and personal safety, utilizing technologies like GPS, GLONASS, and Galileo. Major end-users include transportation and logistics, construction, and the consumer sector. The market is poised for substantial growth at a significant CAGR during the forecast period, reflecting its critical role in modern location-based solutions.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userLogistics And TransportationConstruction And MiningGovernmentOil And GasTechnologyStandalone TrackerObd DeviceAdvance TrackerGeographyEuropeAPACNorth AmericaMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Workato Named a Leader in the 2025 Gartner® Magic Quadrant™ for iPaaS

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Workato received 4.9/5 ratings in Gartner Peer Insights™ as of 20th May 2025, based on 452 reviews

SYDNEY, May 23, 2025 /PRNewswire/ — Workato®, the leading Enterprise Orchestration platform, announced today that it has again been recognized as a Leader with the furthest in vision placement in the 2025 Gartner® Magic Quadrant™ for Integration Platform as a Service. Workato has been named a Leader seven consecutive times for its ability to execute, and completeness of vision, with the furthest in vision placement for the second year.

Workato enables enterprises to transform their business operations by orchestrating business processes end-to-end and operationalizing AI across the entire organization. Designed with best-in-class security and governance, scalability, performance, and availability, Workato’s low-code, no-code platform makes it seamless and fast for IT and business teams to orchestrate their applications, data, and experiences.

“Since starting Workato over 10 years ago, our main focus has been how we drive value for our customers — their success, future, and transformation. To be recognized as a Leader with the furthest in vision in this year’s Magic Quadrant for iPaaS is an honor for us,” said Vijay Tella, CEO and Co-founder of Workato. “We believe Workato is being recognized for its capabilities in driving transformative results and our commitment to customer success, collaboration, and transformation through AI.”

In addition to being named a Leader in the report, Workato has an overall rating, 4.9 out of 5, the highest number of reviews on Gartner Peer InsightsTM, as of May 19, 2025. Customers who have shared their experience of using Workato in the past year include:

Workato: A User-friendly Solution for All Automation Needs,” said an Integration Engineer from the Travel & Hospitality industry”Diversity of Connectors and Onboarding Charm Users,” said an IT manager from the Consumer Goods industry”Workato’s Flexible Integration Tool for Diverse Skill Levels,” said an Automation Management Engineer from the Services (non-government) industry”Workato Excels in Flexibility and Multi-ERP System Connectivity,” said a Director, Market Development from the Banking industry”Overcoming Challenges in Advanced Feature Usage with Workato,” said a Vice President of Academic Affairs from the Education industry”Unveiling Internal Automation and Integration with Priority,” said an Engineer from the Energy and Utilities industry

“Our industry is witnessing the remarkable evolution of iPaaS, especially with the infusion of AI orchestration. The future of iPaaS goes beyond traditional integrations, transforming into enterprise orchestration platforms that enable intelligent and composable business processes,” said Markus Zirn, Chief Strategy Officer at Workato. “It is through the trust and collaboration of our customers that we continue to advance and shape the future of automation and integration. We are excited to continue this journey together, exploring new frontiers and unlocking new possibilities for business transformation. We believe being named a Leader by Gartner with the furthest in completion of vision is a testament to our team’s dedication to transforming the industry.”

A Gartner Magic Quadrant provides a graphical competitive positioning of four types of technology providers in markets where growth is high and provider differentiation is distinct.

This recognition follows a year of milestones and acceleration for the company including recently announced strategic alliances with Amazon Bedrock and Anthropic, and the launch of Workato One, the industry’s only platform that brings together everything organizations need to build and deploy secure, trusted, enterprise-ready agents with full business context across the core of the enterprise. Along with being named to this year’s Deloitte Technology Fast 500 and Forbes Cloud 100 rankings, Workato also experienced a year of growth from a leadership standpoint, appointing the company’s first Chief Go-to-Market Officer, Chief of AI Products & Solutions, and a new head of Product & Engineering.

Access a complimentary copy of the report and learn more about Workato here.

Gartner, Magic Quadrant for Integration Platform as a Service, Andrew Humphreys, Andrew Comes, Keith Guttridge, and Allan Wilkins.,19 May 2025.

Gartner does not endorse any vendor, product, or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designations. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

Gartner, Voice of the Customer for Integration Platform as a Service, 31 July 2024, By Peer Contributors

Gartner Peer Insights content consists of the opinions of individual end users based on their own experiences with the vendors listed on the platform, should not be construed as statements of fact, nor do they represent the views of Gartner or its affiliates. Gartner does not endorse any vendor, product or service depicted in this content nor makes any warranties, expressed or implied, with respect to this content, about its accuracy or completeness, including any warranties of merchantability or fitness for a particular purpose.

GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, MAGIC QUADRANT and PEER INSIGHTS are registered trademarks of Gartner, Inc. and/or its affiliates and are used herein with permission. All rights reserved.

About Workato

Workato transforms technology complexity into business opportunity. As the leading Agentic Orchestration company, Workato empowers enterprises to connect and unify data, processes, applications, and experiences. Its AI-driven platform enables teams to navigate complex workflows in real-time, driving efficiency and agility. Trusted by more than 12,000 global customers, Workato empowers organizations of every size to unlock new value and lead in today’s fast-changing world. Learn how Workato helps businesses of all sizes achieve more at workato.com.

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SOURCE Workato

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Sennheiser Strengthens Role in Spectrum Dialogue as Official Audio Partner at the 11th Asia-Pacific Spectrum Management Conference

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SINGAPORE, May 23, 2025 /PRNewswire/ — Sennheiser has proudly participated in the 11th Asia-Pacific Spectrum Management Conference as the Official Audio Partner. Held in Bangkok, Thailand from 13 – 14 March 2025, this event brought together global policymakers, regulators, and industry leaders to address the most pressing spectrum issues shaping the future of wireless communication and connectivity in the Asia-Pacific region. This event is part of The Global Spectrum Series, the world’s largest collection of regional spectrum policy conferences.

Sennheiser has been an active participant and sponsor of the Asia-Pacific Spectrum Management Conference since 2013, promoting the inclusion of PMSE (Programme Making and Special Events) in spectrum policy dialogues and, more specifically, highlighting the inherent need for allocation of frequency bands to operate wireless microphone systems in the region.

Sennheiser was represented at this year’s conference by Vaughan John, Spectrum Policy and Standards Manager, who contributed to an expert panel discussion, shedding light on the evolving influences of 5G on PMSE. John also shared insights on the “5G Story in Audio PMSE,” highlighting how the new DECT NR+ standard will finally make the promises of 5G towards PMSE come true, and elaborating on the work of the MERCI project.

“As new spectrum policies emerge, it is critical for PMSE to have a voice in the conversation,” said John. “Sennheiser is committed to collaborating with regulators and stakeholders to ensure the needs of the audio industry are included in discussion when developing spectrum policy—especially in regions as diverse and dynamic as Asia-Pacific.”

“DECT NR+ will fulfil the promises that 5G made towards PMSE users,” says Vaughan John, Spectrum Policy and Standards Manager at Sennheiser

Sennheiser’s involvement in the conference highlights its long-standing engagement with spectrum policy and its ongoing mission to protect and promote spectrum access for wireless microphones and audio PMSE users.

The Asia-Pacific Spectrum Management Conference, organized by Forum Global in partnership with the Asia-Pacific Telecommunity (APT) and the International Telecommunication Union (ITU), featured sessions focused on spectrum harmonization, mid-band deployment, 6G innovation, and regulatory frameworks for satellite and direct-to-device connectivity.

Sennheiser remains dedicated to supporting the global audio community through thought leadership, industry partnerships, and technology solutions that meet the demands of today’s wireless landscape.

About the Sennheiser brand

We live and breathe audio. We are driven by the passion to create audio solutions that make a difference. Building the future of audio and bringing remarkable sound experiences to our customers – this is what the Sennheiser brand has represented for more than 75 years. While professional audio solutions such as microphones, meeting solutions, streaming technologies and monitoring systems are part of the business of Sennheiser electronic GmbH & Co. KG, the business with consumer devices such as headphones, soundbars and speech-enhanced hearables is operated by Sonova Holding AG under the license of Sennheiser.

www.sennheiser.com

www.sennheiser-hearing.com

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SOURCE Sennheiser Electronic Asia Pte Ltd

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Tanmiah Food Company Signs Two MOUs with Leading U.S. Companies During the Saudi-U.S. Investment Forum

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These partnerships aim to accelerate agri-food innovation, AI integration, and halal product development in support of Vision 2030

RIYADH, Saudi Arabia, May 23, 2025 /PRNewswire/ — Tanmiah Food Company (“Tanmiah”, “TFC” or the “Company”, 2281 on the Saudi Exchange), established in 1962, one of the Middle East’s leading providers of fresh poultry, processed proteins, animal feed, health products and restaurants operator, was formally recognized for its transformative Memorandum of Understanding (MoUs) with Griffith Foods and Poulta Inc. during the Saudi-US Investment Forum in Riyadh yesterday.

These strategic partnerships with U.S. companies reflect Tanmiah’s ongoing commitment to collaborating with international partners and bringing global expertise into the Kingdom. They also underscore our focus on unlocking value across our integrated business units through automation, advanced R&D, and innovation with the aim of positioning Saudi Arabia as a global hub for halal products, ingredients, best-in-class practices, and cutting-edge agri-technologies.

The MoU with Griffith Foods outlines plans to develop a dedicated production and R&D facility in Saudi Arabia for 100% halal food ingredients—including sauces, seasonings, and spice blends—tailored to the tastes of Saudi and regional consumers. The project will support local manufacturing and help position the Kingdom as a regional hub for halal ingredient production. As the halal industry increasingly emphasizes ethical sourcing, sustainability, and innovation, Tanmiah stands at the forefront of this transformation.

By combining Tanmiah’s strong market presence with Griffith Foods’ global ingredients expertise, the collaboration aims to deliver healthy, locally developed, and globally competitive solutions that align with evolving consumer expectations in both domestic and export markets.

The MoU with Poulta Inc., a U.S.-based agricultural technology company, to accelerate the digital transformation of Tanmiah’s poultry production chain lays the foundation for automating Tanmiah’s farms and facilities using advanced technologies ranging from the Internet of Things, big data, cloud computing and generative AI. The partnership will include the establishment of a joint venture to provide digital transformation services to the broader regional livestock businesses, as well as an R&D center in Saudi Arabia dedicated to agri-tech innovation.

Through this collaboration, Tanmiah aims to enhance operational efficiency, reduce costs and carbon emissions, and promote smart resource management while adopting higher standards of animal welfare, better delivery of healthy halal food through data-driven decision-making and integrated automation across its business segments.

Commenting on the recognition, His Excellency Amr Al-Dabbagh, Chairman of Tanmiah Food Company, stated:

“These strategic partnerships reflect our long-term vision to place Saudi Arabia at the heart of global halal food innovation. By joining forces with trusted international partners, we are creating a future where sustainable, healthy, halal food production, advanced technology, and local expertise collaborate to serve the region.” 

Zulfiqar Hamadani, Group CEO of Tanmiah Food Company, added:

“At Tanmiah, we see innovation and sustainability as inseparable. Through these agreements, we are accelerating our journey toward intelligent, data-driven operations that not only improve efficiency and animal welfare but also strengthen our ability to deliver high-quality, sustainable, healthy, halal food in line with the evolving consumer expectations.”

These milestone agreements underscore Tanmiah’s unwavering commitment to aligning with Saudi Vision 2030 by fostering innovation, enhancing local capabilities, and promoting global partnerships that drive economic diversification. As Tanmiah continues to scale its impact, the company remains dedicated to shaping the future of food—where technology, sustainability, and halal excellence converge to meet the needs of a growing global population.

About Tanmiah Food Company

Tanmiah Food Company, established in 1962, is one of the Middle East’s leading providers of fresh poultry, processed proteins, animal feed and health products, and a restaurants operator. It is a publicly listed Company on the Saudi stock market. It is worth noting that Al-Dabbagh Holding Group Company is a partner and founding shareholder of Tanmiah Food Company. Tanmiah’s fully integrated and highly efficient business model includes production, further processing, and distribution with products sold in Saudi Arabia, the UAE, Bahrain, Oman, Jordan, and Kuwait. As of 31 March 2025, Tanmiah operates 150 farms as well as seven hatcheries, four feed mills, and four primary processing plants, and, through its joint venture operations, it operates four further processing plants. Tanmiah distributes its products through a network of wholesalers, retailers, and food service outlets, as well as online directly to consumers. Sustainability is a core principle at Tanmiah, with initiatives including planting a million trees, using wastewater from its facilities, and turning waste products into fertilizer. For more information, visit www.tanmiah.com 

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