The online tracking of trailers, containers, rail wagons and cargo boxes is becoming increasingly common in all markets across the globe.
New technology, such as the Internet of Things (IoT) and blockchain, will enable more secure automation of this activity.
Berg Insight released the findings from their latest global market study.
The number of active tracking devices deployed for cargo loading units -- including trailers, intermodal containers, rail freight wagons, air cargo containers, cargo boxes and pallets -- reached 3.7 million worldwide in 2017.
Based upon the current assessment, the tracking solutions market will greatly benefit from a digital transformation.
Trailer telematics is the most developed market today, however in terms of installed units the intermodal container tracking market is expected to take over the leading position during the forecast period.