Expertise

9 min reading

25 June 2024

25 June 2024

10 Top IoT Asset Tracking Companies Chosen by Experts with 20 Years of Experience

10 Top IoT Asset Tracking Companies Chosen by Experts with 20 Years of Experience
10 Top IoT Asset Tracking Companies Chosen by Experts with 20 Years of Experience
Summary
Imagine spending  months of effort and a significant amount of money into finding the top asset tracking companies for your business.

You need a reliable provider, one that will make your IoT solutions work for you and won’t cause you constant headaches due to:

– Technical failures

– Poor customer service

– Endless waits for spare parts

You want a company you can trust. Simple as that.

It’s a daunting task, but that’s where we come in. With 20 years of expertise in the field, we’re here to simplify the process for you.

A high-quality asset tracking system will  boost your business’ operational efficiency, it will reduce losses, increase  productivity, and ensure compliance with industry regulations.

To help you make the best choice, our experienced experts have put together a list of the top 10 IoT asset tracking companies.

This article will provide you with insights into the top asset tracking companies and their features.

Each company is evaluated based on their unique selling points (USPs), pros, and cons, ensuring you have all the information needed to choose the best solution for your needs.

For further details, check out our comprehensive guide on the best GPS tracking device for equipment.

Buy GPS Asset Tracker

Table of Contents

  1. TEKTELIC
  2. Digital Matter
  3. Kerlink
  4. Actility
  5. RakWireless
  6. Abeeway
  7. Milesight
  8. Dragino
  9. Seeed Studio
  10. Samsara
  11. Verdict: What is the best asset-tracking company?
  12. What Are the Asset Tracking Features to Consider when Choosing the Top Asset Tracking Manufacturer?
  13. Frequently Asked Questions (FAQs)

Top 10 IoT Asset Tracking Companies

1. TEKTELIC

TEKTELIC provides a robust asset tracking solution that addresses critical issues such as device durability and uninterrupted service.

Designed for harsh environments, TEKTELIC’s solutions are reliable and efficient. In 2023, TEKTELIC reported a 95% customer satisfaction rate, underscoring the reliability of their products.

How TEKTELIC’s Asset Tracking Works:

  • Utilizes LoRaWAN technology for wide-area coverage.
  • Real-time tracking with high accuracy.
  • Easy integration with existing systems.

How to Start Using TEKTELIC Asset Tracking Solution:

  • Choose the right solution.
  • Implement and integrate with your systems.
  • Start tracking and managing your assets.

Benefits of Deploying TEKTELIC’s Solution:

  • Improved asset utilization.
  • Reduced operational costs.
  • Enhanced security and compliance.

Asset Tracking Solution

Get in touch with TEKTELIC's experts

2. DIGITAL MATTER

Digital Matter makes smart devices for tracking and managing your stuff. Their technology helps you keep track of assets accurately, making your operations smoother and safer.
GPS Asset Tracking Solutions

Pros of Digital Matter:

  1. Advanced Tracking: Uses the latest tech to keep an eye on your assets.
  2. Built to Last: Products are tough and can handle rough conditions.
  3. Multiple Uses: Works well in different fields like shipping, farming, and construction.

Cons of Digital Matter:

  • Expensive: Their high-tech products can cost more initially.
  • Setup Difficulty: Some devices might be tricky to install.
  • Support Issues: Customer support might not be as good as some competitors like Tektelic, which offers better help and easier setup.

3. KERLINK

Kerlink is a top provider of IoT solutions, focusing on network infrastructure and management software.

Kerlink asset tracking devices

Pros of Kerlink:

  • Reliable Network Solutions: Ensures secure and stable connectivity for IoT devices.
  • Scalable: Easily grows with your IoT needs.
  • Great Support: Offers helpful support and services to keep your network running smoothly.

Cons of Kerlink:

  • Customization: Not as many options to customize compared to Tektelic.
  • Cost: Higher initial costs than some competitors.
  • Availability: Limited support in some regions where Tektelic is more established.

4. ACTILITY

Actility is a top provider of IoT solutions, focusing on LoRaWAN network management for smart cities, industries, and asset tracking.

GPS asset tracking company

Pros of Actility:

  • Scalable Connectivity: Grows with your needs.
  • Global Coverage: Reliable connections worldwide.
  • Strong Security: Excellent data and device protection.

Cons of Actility:

  • Higher Setup Costs: More expensive to start.
  • Complex Deployment: May need specialized knowledge.
  • Device Compatibility: Some devices need extra effort to integrate.

5. RakWireless

RakWireless is a leading provider of IoT solutions, specializing in wireless communication hardware and software. Their products are known for their reliability, ease of use, and robust performance, making them a popular choice among developers and businesses in the IoT space.

RakWireless monitoring solutions

Pros of the RakWireless:

  • High Reliability: Their products are built to last and provide consistent performance.
  • User-Friendly: Easy to set up and integrate into existing systems.
  • Comprehensive Support: Extensive documentation and customer support.

Cons of the RakWireless:

  • Limited Customization: TEKTELIC offers more customizable solutions for specific needs.
  • Higher Cost: TEKTELIC products can sometimes be more cost-effective for large-scale deployments.
  • Less Advanced Features: TEKTELIC products offer more advanced features and functionalities.

6. ABEEWAY

Abeeway makes smart tracking devices for keeping track of things, people, and vehicles in real-time. Their tech ensures you always know where your assets are.

Track & Trace Solution

Pros of the ABEEWAY:

  • Long Battery Life: Abeeway devices last a long time without needing a recharge.
  • High Precision Tracking: They provide very accurate location data.
  • Versatile Applications: Useful for personal safety, asset tracking, and fleet management.

Cons of the ABEEWAY:

  • Cost: Abeeway products are expensive.
  • Complex Setup: Setting up the devices can be tricky and might need expert help.
  • Limited Compatibility: They may not work well with all third-party systems and software.

Best Asset Trackers

7. Milesight

Milesight is a leading company specializing in advanced asset tracking solutions. They offer a comprehensive range of products designed to improve efficiency and security in asset management.

Milesight Asset Monitoring

Pros of the Milesight:

  • Precise Tracking: Their solutions offer high accuracy in asset location.
  • Advanced Analytics: They provide detailed insights and analytics for better asset management.
  • Robust Connectivity: Their devices ensure reliable connectivity even in challenging environments.

Cons of the Milesight:

  • High Cost: Their products tend to be more expensive.
  • Limited Integration: They may not work seamlessly with all systems.
  • Complex Setup: Installation and configuration can be complicated and often require professional help.

8. DRAGINO

Dragino is a company that makes devices for the IoT. They offer various products like LoRa modules, sensors, and gateways, which help connect and collect data from different devices.

Asset Tracking Solution

Pros of the DRAGINO:

  • Variety of Products: Dragino has a wide range of IoT devices to choose from.
  • Affordable: Their products are budget-friendly and won’t break the bank.
  • Dependable: Dragino devices are known for their reliable performance.

Cons of the DRAGINO:

  • Fewer Advanced Features: Dragino products might lack some of the advanced features found in other brands.
  • Support and Documentation: Some users feel that Dragino’s customer support and product guides could be better.
  • Integration Issues: It can be tricky to get Dragino devices to work with other IoT systems, where Tektelic products might be easier to integrate.

9. Seeed Studio

Seeed Studio is a top company providing tools and gadgets for tech enthusiasts, engineers, and developers. They have a wide variety of products like development boards, sensors, and DIY kits, helping people create amazing projects.

Seeed Studio tracking device

Pros of Seeed Studio:

  • Wide Range of Products: They offer a large selection of components and boards.
  • Community Support: There’s a strong online community to help out.
  • Affordable Pricing: Their products are high-quality and budget-friendly.

Cons of Seeed Studio:

  • Limited Industrial-Grade Options: They have fewer choices for heavy-duty, industrial products compared to TEKTELIC.
  • Advanced Technical Support: TEKTELIC might provide better specialized support.
  • Customization Services: Seeed Studio focuses less on personalized solutions for big businesses, an area where TEKTELIC excels.

10. Samsara

Samsara offers an extensive range of IoT solutions, including asset tracking systems known for their user-friendly interface and reliable performance.

Samsara tracking device

Pros of Samsara:

  • Intuitive user interface.
  • Comprehensive data analytics.
  • Seamless integration with other IoT devices.

Cons of Samsara:

  • Higher cost compared to competitors.
  • Limited customization options.
  • Dependency on continuous internet connectivity.

Verdict: What is the best asset-tracking company?

Based on our comprehensive review, Tektelic stands out as the best option for asset tracking due to its robust design, reliable performance, and extensive features. Here’s how Tektelic compares with the top 2 competitors:

TEKTELIC vs. Digital Matter vs. Kerlink:

  • Durability: TEKTELIC’s carrier-grade design outperforms both Samsara and Kerlink.
  • Supply Chain: TEKTELIC ensures uninterrupted supply, unlike Samsara’s limited stock.
  • Cost-Effectiveness: TEKTELIC offers competitive pricing with comprehensive features.

Best GPS Trackers

What Are the Asset Tracking Features to Consider when Choosing the Top Asset Tracking Manufacturer?

When choosing the best asset tracking companies, these are some of the features you’ll want to consider:

  • Real-Time Tracking: Essential for immediate location updates and monitoring.
  • Geofencing: Allows setting virtual boundaries and alerts when assets move outside them.
  • Historical Location Data: Provides insights into asset utilization and movement patterns.
  • Battery Life/Power Options: Ensures long-term tracking without frequent recharging.
  • Security Features: Protects against unauthorized access and tampering.
  • Scalability: Supports growing business needs and additional assets.
  • Customization: Tailors solutions to specific industry requirements.
  • Comprehensive reporting and analytics: Offers detailed insights and improves decision-making.
  • Cost-Effectiveness: Balances initial investment with long-term benefits.

Frequently Asked Questions (FAQs)

Does my company need asset management software?

Yes, asset management software is essential for improving efficiency, reducing losses, and optimizing asset utilization, making it a valuable investment for any company managing significant assets.

What are the risks of going without an asset-tracking solution?

Without an asset-tracking solution, businesses risk increased losses, inefficient asset utilization, higher operational costs, and potential compliance issues, all of which can negatively impact overall productivity and profitability.

How much does asset tracking cost?

The cost of asset tracking varies widely based on the solution and scale. Typically, initial investments range from $500 to $5,000 per device. While this may seem high, the long-term savings from improved efficiency, reduced losses, and enhanced asset utilization often justify the expense.

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