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Connected Logistics Market A Competitive Landscape And Professional Industry Survey 2017 - 2025

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Dinesh B
Connected Logistics Market  A Competitive Landscape And Professional Industry Survey 2017 - 2025

 Global Connected Logistics Market: Snapshot

Key players in the global connected logistics market are adopting numerous growth strategies to steal a march over their competitors. Besides product development, key players in the global connected logistics market are resorting to mergers and acquisitions to gain competitive advantage.

Majorly fuelling growth in the global connected logistics market is the breakthrough development in the transportation of sensitive products such as pharmaceuticals. For example, severe temperature fluctuations at the time of transport of pharmaceuticals sends alert to the manufacturer to take action before the products get damaged.


The rising prominence of internet of things in the logistics industry, along with multiple applications of connected logistics in e-commerce, the global connected logistics market is receiving a boost.

A report by Transparency Market Research predicts the global connected logistics market to rise at a robust 17.8% CAGR over the forecast period between 2017 and 2025. At this pace, the market will become worth US$55.17 bn by the end of 2025 from US$10.21 bn in 2016.


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connected logistics market

 

Asset Management to hold Dominant Market Share


The global connected logistics market by service has been segmented into asset management, remote asset tracking, security, network management, and data management. Amongst all, asset management is likely to account for the leading share in the connected logistics market. At present, globalization and the need for advanced transportation and logistics infrastructure is fuelling the demand for automated logistic systems. This is where the virtues of asset management software come into play in terms of assisting freight and infrastructure managers to address a number of service and performance issues.

In terms of end-use, the key segments into which the global connected logistics market has been divided are freight management, food and beverage supply chain, healthcare, retail. Warehouse management, and others.


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Asia Pacific to Clock Robust Growth in Near Future


The global connected logistics market, by geography has been segmented into North America, Asia Pacific, Latin America, the Middle East and Africa, and Europe. North America presently holds supremacy in the global connected logistics market vis-à-vis revenue. This is mainly due to the demand for integrity control from businesses that deal in delicate products.

Europe is positioned second in terms of revenue share in the global connected logistics market. The growth of this market is mainly driven by the rising adoption of connected logistics in the healthcare sector. In general, the healthcare and pharmaceuticals industry face a number of challenges in the supply chain. The transportation of several pharmaceutical products need to meet temperature and pressure specifications from preventing damage to these commodities. The damage to any particular unit could result in huge loss for the product manufacturer. In healthcare and pharmaceuticals, distribution of perishable products, which could be of high value, from one facility to another also needs reliable facility to prevent damage.


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About Us:

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyse information. Now avail flexible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the unified market intelligence engine. Sign Up for a 7 day free trial!


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Rohit Bhisey

Transparency Market Research,

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Albany, NY 12207

Tel: +1-518-618-1030

USA – Canada Toll Free: 866-552-3453

Email: [email protected]

Website: https://www.transparencymarketresearch.com/

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