World’s Top 50 Companies in IoT And Real-Time Inventory Tracking 2025 Watchlist: Statistical Report (2024–2035)
RELEASE DATE: Sep 2025 Author: Spherical InsightsRequest Free Sample Speak to Analyst
Description
According to a research report published by Spherical Insights & Consulting, The Global IoT & Real-Time Inventory Tracking Market Size is projected to Grow from USD 3.7 Billion in 2024 to USD 6.9 Billion by 2035, at a CAGR of 5.83% during the forecast period 2025-2035. The market for IoT & real-time inventory tracking is in greater demand, fuelled by the rising demand for raw materials and minerals worldwide, which increases mining activity. In addition to mining, demand is being driven by the construction of roads, bridges, and tunnels, particularly in emerging economies that make significant investments in building. Aqueous explosives are also preferred by safety and environmental regulations since they are generally safer, produce fewer harmful byproducts, and better adhere to stringent compliance standards.
Introduction
Industrial aqueous explosives, which are water-based blasting chemicals, are used in heavy-duty industries like mining, construction, and quarrying. The market for explosives is primarily driven by the rising demand for metals and minerals worldwide. As infrastructure, urbanisation, and industry grow, so does the need for raw commodities, including rare earth metals, coal, iron, copper, and gold. Mining projects are stepping up to fulfil these demands, particularly in Asia-Pacific, Africa, and Latin America, and are putting pressure on corporations to utilise explosives that are dependable, efficient, and profitable. Concurrently, the construction of highways, bridges, tunnels, and metropolitan areas in developing nations fuels quarrying and site-preparation blasting. The advantages of aqueous or bulk explosive solutions are controlled detonation, handling safety, and adaptability for difficult geological or damp situations. Newer explosive solutions are becoming more widely accepted and supported by regulations as a result of technological advancements that improve efficiency and safety.
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IoT & Real-Time Inventory Tracking Market Size & Statistics
- The Market Size for IoT & Real-Time Inventory Tracking Was Estimated to be worth USD 3.7 Billion in 2024.
- The Market Size is Going to Expand at a CAGR of 5.83% between 2025 and 2035.
- The Global IoT & Real-Time Inventory Tracking Market Size is anticipated to reach USD 6.9 Billion by 2035.
- North America is expected to generate the highest demand during the forecast period in the IoT & Real-Time Inventory Tracking Market
- Asia Pacific is expected to grow the fastest during the forecast period in the IoT & Real-Time Inventory Tracking Market.
Regional growth and demand
Asia Pacific is expected to grow the fastest during the forecast period in the IoT & real-time inventory tracking market. The market for IoT & real-time inventory tracking is now growing in the Asia Pacific due to significant mining operations, growing industrialisation, and extensive infrastructural projects. Due to its large mining and building operations, China currently maintains a market share of about 62% in the region. Due to significant infrastructure spending and urbanisation, India is also one of the markets with the fastest rate of growth in this area. Although construction makes a substantial contribution, mining continues to be the largest industry.
North America is expected to generate the highest demand during the forecast period in the IoT & real-time inventory tracking market. The IoT & real-time inventory tracking market with the quickest rate of growth throughout the study period is anticipated to be in North America. Major mining operations in the United States and Canada are driving this expansion, increasing demand for safer, more effective explosives. Stricter safety regulations and more ecologically friendly formulas have been adopted as a result of regulatory pressure. Demand is further pushed by ongoing infrastructure improvements, including tunnelling, roads, and energy-related projects. Advanced blasting agents, emulsions, and digital initiation systems are examples of innovations that are being used more and more to support compliance and productivity.
Top 10 trends in the IoT & Real-Time Inventory Tracking Market
- IoT sensor & RFID proliferation
- AI/ML-driven predictive analytics
- Edge computing 5G connectivity
- Cloud-based platforms & hybrid architectures
- Enhanced security & blockchain
- Mobile and handheld tracking tools
- Automation, robotics & drones
- Sustainability & Green IoT
- Integration with ERP, CRM, supply chain systems
- Personalization & demand-driven inventory strategies
1. IoT sensor & RFID proliferation
The increasing convergence of sensor networks, RFID tagging, and IoT-connected devices to significantly improve visibility and control over inventory is shown in the trend of IoT sensor & RFID proliferation in real-time inventory tracking. IoT sensors provide position, motion, and environmental information, while RFID tags, readers, and middleware automatically identify and track objects without requiring line-of-sight. This combination enhances traceability, speeds up stock counts, lowers human error, and gives constant awareness of inventory movement. Warehouses gain from improved bottleneck detection, simpler procedures, and quicker reconciliation of digital and physical inventory. Additionally, advancements such as ambient IoT, cloud platform integration, and edge computing are expanding the potential of tracking systems.
2. AI/ML-driven predictive analytics
Real-time inventory tracking is being revolutionised by the trend of AI/ML-driven predictive analytics, which allows companies to optimise stock levels and predict changes in demand. To predict future inventory demands, machine learning algorithms examine market trends, seasonality, and past sales data. By enabling intelligent reordering, this strategy lowers the possibility of stockouts and overstock scenarios. Artificial intelligence systems, for example, can automatically create purchase orders based on real-time demand estimates, taking lead times and bulk discounts into account. AI-powered solutions also integrate inventory control across several sales channels, guaranteeing dynamic fulfilment and synchronised stock availability. Businesses may maintain ideal inventory levels, increase customer satisfaction, and improve operational efficiency by utilising predictive analytics.
3. Edge computing 5G connectivity
Real-time inventory tracking is being revolutionised by the combination of edge computing and 5G connectivity, which allows for ultra-low latency and fast data processing at the source. By processing data locally on devices, edge computing eliminates the need to send data to centralised cloud servers. This configuration guarantees that inventory data is updated and examined almost instantly, especially when paired with 5G's high bandwidth and low latency. By cutting down on delays, facilitating quick decision-making, and offering instant insights into inventory levels, this synergy improves operational efficiency. It also facilitates the scalability of IoT networks, which enables companies to oversee and control enormous numbers of linked devices at once. All things considered, this combination enables companies to develop inventory management systems that are more nimble and responsive.
4. Cloud-based platforms & hybrid architectures
Real-time inventory tracking is being revolutionised by the use of cloud-based platforms and hybrid architectures, which provide integrated, scalable, and adaptable solutions. By combining private and public cloud infrastructures, hybrid cloud environments enable companies to store sensitive data on-site while using public clouds' processing and analytics capabilities. By improving data accessibility, this design makes it possible for synchronisation and real-time updates across several sites. Platforms such as HP CloudSystem and Abiquo, for example, make it easier to manage private and public cloud resources, guaranteeing effective resource use and smooth integration. Furthermore, cloud management platforms enable unified visibility and control across many cloud environments, which streamlines operations and lowers administration costs. These developments enable companies to make better decisions, manage inventories more effectively, and increase overall operational effectiveness.
5. Enhanced security & blockchain
Real-time inventory monitoring solutions that include blockchain technology improve security by offering a decentralised, unchangeable ledger for every transaction. Unauthorised access and fraud are prevented since every inventory movement is captured as a block, which guarantees that data cannot be changed retrospectively without network consensus. All parties have access to the same information, which minimises disagreements and mistakes and increases stakeholder trust. Blockchain encryption techniques also protect private inventory information from online attacks. Inventory management systems' security foundation is greatly strengthened by blockchain, which removes single points of failure and guarantees data integrity, making them more resistant to hacking and breaches.
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Top 20 Companies Leading the IoT & Real-Time Inventory Tracking Market
- Orica Limited
- Dyno Nobel
- Austin Powder Company
- EPC Groupe
- Maxam Corp Holding, S.L.
- AEL Mining Services
- Sasol Limited
- Hanwha Corporation
- Solar Industries India Limited
- ENAEX S.A.
- BME Mining
- Yara International ASA
- NOF Corporation
- Chemring Group PLC
- Incitec Pivot Limited
- Liaoning Kaiyuan Chemical Co., Ltd.
- Anhui Jiangnan Chemical Co., Ltd.
- Hubei Kailong Chemical Group Co., Ltd.
- Poly Permanent Union Holding Group Co., Ltd.
- Nanling Civil Explosive Materials Co., Ltd.
1. Orica Limited
Headquarters: Victoria, Australia
The company is a world leader in mining and infrastructure solutions, with a focus on producing and supplying blasting equipment, specialty mining chemicals, commercial explosives, and geotechnical monitoring services. Orica works in more than 100 nations, catering to sectors like construction, mining, quarrying, and oil & gas. Orica is dedicated to sustainability and innovation, with a varied staff, to responsibly mobilise the earth's resources. The company has a long history; it started out as a provider of explosives during the Victorian gold rush and has since grown to become a major force in the mining and infrastructure industries worldwide.
2. Dyno Nobel
Headquarters: Utah, USA
Mining, quarrying, building, seismic research, and infrastructure projects are just a few of the industries that Dyno Nobel serves as a global leader in providing specialised blasting services and commercial explosives. Among its products are dynamite, bulk explosives, ammonium nitrate-based explosives, electric, non-electric, and electronic detonators, cast boosters, detonating cords, and packed emulsions. Specialised services such as blast design, shot loading, vibration control, flyrock and airblast management, and emissions reduction are also provided by the company. The two primary regional business segments of Dyno Nobel, Dyno Nobel Americas and Dyno Nobel Asia Pacific, serve clients in the US, Canada, Australia, Indonesia, Mexico, Chile, Papua New Guinea, Turkey, and France.
3. Austin Powder Company
Headquarters: Ohio, United States
Austin Powder Company is a leading supplier of blasting services and industrial explosives, serving the mining, quarrying, construction, and seismic exploration sectors. Their product line includes blasting chemicals, detonators, both electric and non-electric, detonating string, cast boosters, emulsions that are sensitive to detonators or boosters, and associated accessories. Additionally, they provide technical services such as blast design, advice, laser profiling, borehole deviation measurement, and the usage of monitoring equipment like high-speed cameras and seismographs.
4. EPC Groupe
Headquarters: France
A worldwide corporation based in France, EPC Groupe specialises in explosives, drilling and blasting, and associated mining services. Dynamite, ANFO, water-gel explosives, emulsions, mobile bulk explosives production machines, and software tools for blast design and operational optimisation are among its products. Additionally, the business offers technological services including face profiling, vibration monitoring, and specialised training.
5. Maxam Corp Holding, S.L.
Headquarters: Madrid, Spain
A worldwide corporation based in Spain, MaxamCorp Holding, S.L. often referred to as just Maxam, specialises in blasting solutions, civil explosives, and energetic materials. The company supplies bulk explosives, initiation systems, and packaged emulsion products to industries including mining, quarrying, infrastructure development, civil works, and defence & security. With subsidiaries and business ventures in over 40-50 countries, Maxam has a global footprint. Its products and services are available in more than 100 countries worldwide. Safety, environmental protection, innovation, and vertical platform integration are among the company's core values.
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The report provides an in-depth analysis of the leading companies operating in the global IoT & real-time inventory tracking market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardized format that includes:
Company Profiles
- Orica Limited
- Business Overview
- Company Snapshot
- Products Overview
- Company Market Share Analysis
- Company Coverage Portfolio
- Financial Analysis
- Recent Developments
- Merger and Acquisitions
- SWOT Analysis
- Dyno Nobel
- AUSTIN POWDER COMPANY
- EPC Groupe
- Maxam Corp Holding, S.L.
- AEL Mining Services
- Sasol Limited
- Hanwha Corporation
- Solar Industries India Limited
- ENAEX S.A.
- BME Mining
- Yara International ASA
- NOF Corporation
- Chemring Group PLC
- Incitec Pivot Limited
- Liaoning Kaiyuan Chemical Co., Ltd.
- Anhui Jiangnan Chemical Co., Ltd.
- Hubei Kailong Chemical Group Co., Ltd.
- Poly Permanent Union Holding Group Co., Ltd.
- Nanling Civil Explosive Materials Co., Ltd.
- Others
Conclusion
The IoT & real-time inventory tracking market is accelerating due to the need for safer, more environmentally friendly explosives is increasing as the industry and authorities move away from outdated formulations that create hazardous emissions and unintentional risks. This change is particularly suited for aqueous explosives because of its lower emissions and less chance of unintentional explosions. The construction of infrastructure worldwide, particularly in developing nations, needs reliable blasting for large-scale projects like bridges, tunnels, and highways. Because of their powerful energy production and regulated detonation, IoT & Real-Time Inventory Tracking are perfect for this type of operation, offering plenty of opportunity for market penetration and sales growth.
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