The asset tracking inventory management solutions helps to manage the information such as item quantities, personnel assignments and maintenance needs. The purpose of asset tracking monitoring systems are used for tracking the inventory of physical assets. It is also used for the integration of barcode, RFID and GPS technologies.The asset tracking system consist of software that runs on computer and mobile devices. It is used for reading and communications purposes. The software can track the assets in real time and display the required locations on geographic information systems. The asset tracking system is used to maintain accurate records for fixed assets.Asset tracking and inventory management solutions market is anticipated to record a CAGR of 13.5% over the forecast period. The asset tracking and inventory management solutions market is expected to showcase a vibrant growth by the end of the forecast period. The market is expected to attain a total market size of USD 40 billion by 2027.