[Press Release] The number of tracking devices installed for railway freight cars will reach 775,000 units in 2024 - According to Berg Insight.

According to a press release dated May 21, 2025, issued by Berg Insight, an IoT analyst firm, the number of tracking devices installed on railway freight cars is expected to reach 775,000 units worldwide by the end of 2024. Data Resources Co., Ltd. sells the latest report "Railway Telematics Market," which is the source of this press release.
**Press Release Summary (2025-05-21)**
The real-time tracking market for railway freight cars is expected to grow, with the number of installed tracking devices projected to increase from 775,000 units at the end of 2024 to 1.3 million units by 2029, representing an average annual growth rate of 11.2%. Major providers include Nexxiot and Amsted Rail. The introduction of tracking and monitoring technologies is also advancing for passenger trains and locomotives, with expectations for improved operational efficiency, safety, and service through the use of telematics. The importance of real-time data is increasing across the industry.
*Full press release*
https://www.dri.co.jp/auto/report/berg/250605-smart-water-metering-in.html#press

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For details of the research report, please refer to the URL above.
The data resource is an authorized distributor of Berg Insight.