Connected Logistics Market Overview:
The Connected Logistics Market is valued at around USD 30.1 Billion in 2022 and is expected to reach USD 74.0 billion by 2030, registering a CAGR of 16.35% over the forecast period.
Through connecting several corresponding platforms, connected logistics increases productivity, improves operational efficiency, and provides real-time access for logistics companies catering to a variety of industry verticals. In order to promote accessibility and high levels of interoperability, service providers in the linked logistics industry have developed cutting-edge goods and solutions. Their goal is to increase teamwork and lead to more informed decision-making and increased productivity. Moreover, a number of communication technologies, including Bluetooth, Wi-Fi, and ZigBee, are essential for improving logistical assistance.
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Market Drivers:
The rising costs of fuels and the escalating concerns regarding environmental issues such as carbon emissions and pollution are driving a shift from traditional transportation methods towards IOT-enabled connected logistics solutions. These solutions utilize sensors, cloud technology, and IOT connectivity to remotely manage, monitor, and control supply chain operations. The adoption of IOT has significantly enhanced the efficiency of supply chain platforms within the logistics and transportation industry. It enables complete visibility and faster detection of network issues, facilitating effective and timely decision-making. Additionally, improved supply chain visibility results in long-term cost savings.
Many sectors that are facing challenges in meeting the need for faster delivery times can profit greatly from the use of autonomous trucks and vehicles. Therefore, the demand for connected logistics technologies is being driven by the increasing requirement for these vehicles for the movement of goods across industries like manufacturing, healthcare and pharmaceuticals, and food and beverage production. The increasing need for mobility has brought attention to issues including fluctuating oil costs, significant investment, and pollution management.
Technological advancements:
in the logistics sector are driving the growth of the connected logistics market, propelled by the widespread adoption of cloud-based technology, Bluetooth 5, IOT, and logistics 4.0. Cloud computing, in particular, is gaining popularity among various businesses, including logistics companies, due to its cost-effective nature. Leveraging the cloud enables organizations to integrate more efficiently, operate anytime and from anywhere, thus contributing to the expansion of the connected logistics market.
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Market Trends:
The need for connected logistics solutions is being driven by the growing availability of these solutions with high levels of accessibility, security, and interoperability features. The market is expanding due in part to the necessity of reducing the costs related to shipping and warehousing services. It is projected that the growing demand for intelligent transportation solutions will quicken the market's expansion.
Throughout the course of the forecast period, the development of autonomous logistics trucks and the advent of logistic 4.0 are anticipated to generate significant potential prospects for the market. Furthermore, the industry is growing because IOT sensors are becoming less expensive. Nonetheless, one of the things impeding the market's expansion is the escalating security and safety concerns within the logistics sector.
Market Segmentations:
On the basis of component:
- Hardware
- Solutions
- others
On the basis of software:
- Asset management
- Warehouse IOT
- Security
- Data management
- Network management
- Streaming analytics
- others
on the basis of technology:
- Bluetooth
- Cellular
- Wi-Fi
- ZigBee
- NFC
- Satellite
- others
On the basis of devices:
- gateways
- RFID Tags
- Sensor Nodes
- Others
On the basis of transportation mode:
- Roadways
- Railways
- Airways
- Seaways
- Others
On the basis of end-user industry:
- Automotive
- Manufacturing
- Oil and Gas
- IT and Telecom
- Healthcare IT and Telecommunication
- Retail
- Food and beverages
- Others
Market Regional Analysis:
North America, which presently leads the worldwide connected logistics market, is anticipated to have a rise in demand throughout the forecast period. The application of cutting-edge technologies like machine learning, the Internet of Things, cloud computing, big data, analytics, and deep learning is one of the drivers driving the market's growth in North America. Because of the presence of significant firms, the US maintains its highest market share in North America.
Leading Companies Involved in this report are:
AT&T Inc., Cisco Systems Inc., Erotic S.p.A., HCL Technologies Limited, Honeywell International Inc., Infosys Limited, Intel Corporation, International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, SAP SE and Zebra Technologies Corporation, and others.
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Global Connected Logistics Market Size research report 2021 offers in-depth assessment of revenue growth, market definition, segmentation, industry potential, influential trends for understanding the future outlook and current prospects for the market.
This study provides information about the sales and revenue during the historic and forecasted period of (2021 to 2027).
Understanding the segments helps in identifying the importance of different factors that aid market growth.
Estimations about the CAGR value for specific forecast period, market drivers, market restraints, and competitive strategies are assessed in this Connected Logistics Market report.Get a Sample Copy of the Report at – https://www.fortunebusinessinsights.com/connected-logistics-market-102414Key players covered in the global Connected Logistics Market research report:AT Intellectual PropertyRobert Bosch GmbHCisco Systems Inc.Freightgate Inc.HCL Technologies LimitedHoneywell International IncIBM CorporationInfosys LimitedIntel CorporationNEC CorporationOne Network EnterprisesORBCOMMSAP SESIGFOXZebra Technologies Corp.Geographically, the detailed analysis of consumption, revenue, market share and growth rate (historic and forecast) of the following regions are covered:North America (the USA and Canada)Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)Latin America (Brazil, Mexico and Rest of Latin America)Key questions answered in this report:Which players hold the significant Connected Logistics Market share and why?What strategies are the Connected Logistics Market players forming to gain a competitive edge?Why region is expected to lead the global market?What factors are negatively affecting the Connected Logistics Market growth?What will be the CAGR value of the global Connected Logistics Market by the end of 2027?Major Table of Contents for Connected Logistics Market Research Report:IntroductionExecutive SummaryMarket DynamicsKey Video on Demand Market Growth InsightsGlobal Market Analysis, Insights and Forecast, 2016-2027North America Market Analysis, Insights and Forecast, 2016-2027Europe Market Analysis, Insights and Forecast, 2016-2027Asia Pacific Market Analysis, Insights and Forecast, 2016-2027The Middle East and Africa Market Analysis, Insights and Forecast, 2016-2027Latin America Market Analysis, Insights and Forecast, 2016-2027Competitive LandscapeGlobal Connected Logistics Market Revenue Growth, Industry Share Analysis, By Key Players, 2021Company ProfilesConclusion
Growing at a stellar pace, Global Connected Logistics Market is set to increase the worth of the market, bringing it up to USD 55.17 billion by the end of the year 2025.
This is a steep rise from 2016, when the market worth was USD 10.21 billion.
This translates to an impressive 17.8% CAGR (Compound Annual Growth Rate) from 2017 to 2025.Technological Advancement to Propel Global Connected Logistics Market Growth over the Forecast PeriodOne of the major reasons supporting the growth of global connected logistics market is the technological advancement marking the landscape in terms of both transportation, and packaging.
Besides, development of better fuel and rising demand for shipped goods is also fueling the market growth by a substantial value.
E-commerce is playing a significant role in this area, fueled by rising disposable incomes and massive globalization, driving forward cross-border trade, enabling access to new and more products at the convenience of a click.Additionally, growing adoption and development of supporting technologies, like the Internet of Things (IoT) is also contributing significantly to the impressive CAGR that the global connected logistics market is set to chart over the forecast period.Get sample copy at: https://www.transparencymarketresearch.com/sample/sample.php?flag=S_id=25196Sensitive Products to Drive Demand Up for Global Connected Logistics Market over the Forecast PeriodIt is also worth noting that certain goods such as pharmaceuticals, that are time sensitive at most times and also require proper tracking and storage.
And, the reason behind this is that drugs and certain formulations are usually temperature sensitive.
The Global Connected Logistics Market was valued at USD 21.42 billion in 2019 and is predicted to reach USD 41.51 billion by 2030 with a CAGR of 6.2% during the forecast period.Connected Logistics market enables informed decision making by integrating multiple devices into a single platform.
Connected logistics service providers have developed top notch interoperability through innovative products and solutions.
However, concerns regarding online security issues, cyber-attacks and hacking are expected to restrain market growth.Access Full Description of this report at:-https://www.nextmsc.com/report/connected-logistics-market Top Companies: SAP, Thingworx, AT Inc., SecureRF, Cisco Systems, Zebra Technologies, IBM Corporation, GT Nexus, Eurotech, Oracle and others.The Connected Logistics market is segmented on the basis of technology, devices and geography.
The competitive nature of the global Connected Logistics market allows big players such as SAP, Thingworx, AT Inc., SecureRF, Cisco Systems, Zebra Technologies, IBM Corporation, GT Nexus, Eurotech, Oracle etc.
For instance, in December 2018, Intel announced the Intel Logistics Platform which empowers the user to monitor the condition and location of assets in any environment throughout the supply chain.About Next Move Strategy Consulting:Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share.
Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics.We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade.
