Smart Container Tracking System Market Insights Video

According to Cognitive Market Research, the global Smart Container Tracking System market size was USD 4215.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 20.50% from 2024 to 2031.

• North America held the major market share for more than 40% of the global revenue with a market size of USD 1686.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 18.7%from 2024 to 2031.
• Europe accounted for a market share of over 30% of the global revenue with a market size of USD 1264.56 million.
• Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 969.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 22.5% from 2024 to 2031.
• Latin America had a market share of more than 5% of the global revenue with a market size of USD 210.76 million in 2024 and will grow at a compound annual growth rate (CAGR) of 19.9% from 2024 to 2031.
• Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 84.30 million in 2024 and will grow at a compound annual growth rate (CAGR) of 20.2% from 2024 to 2031.
• The GPS (Global Positioning System) held the highest Smart Container Tracking System market revenue share in 2024.