Advancements in IoT-based asset tracking are reshaping industries and setting new standards in operational efficiency and organizational excellence. The global asset tracking market is projected to reach a staggering $36.6 billion by 2025, reflecting the growing reliance and significance of this technology in optimizing business operations and reducing unnecessary costs. The integration of the Internet of Things (IoT) has been pivotal in advancing asset tracking and offering solutions that are innovative and profitable for businesses. IoT has introduced a range of technologies to facilitate asset tracking, such as GPS for real-time location tracking. Moreover, the implementation of advanced asset tracking is crucial for industries like pharmaceuticals, construction, and trucking, where the repercussions of inadequate tracking are substantial, emphasizing the need for reliable and precise solutions to mitigate losses and enhance security.