Global Connected Logistics Market Size, Share, Growth, Industry Trends and Forecast 2020-2030

The global connected logistics market are projected to reach USD 38147.6 million by 2030 from USD 18856.9 million in 2020, at an approximate CAGR of 7.3%.Connected logistics technology refers to a group of communication devices, advanced network connections, and Internet of Things (IoT) technologies in order to make the conventional logistic processes more customer-centric. This technology enhances the operational efficiency of various logistical operations. Connected Logistics equip logistical businesses with real-time updates, interoperability, and easier access to required information. It provides interface to integrate multiple devices that enables robust and efficient decision making. The connected logistics technologies include fleet management, warehouse management, transportation, tracking, monitoring, and other associated logistic processes like financial transactions, order processing, dispatching, and shipping. Additionally, connected logistics also enables communication between all parties involved, although they don’t have any direct connectivity.
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Market Dynamics and Factors:
The rise in need for mobility, cost reduction of administrative processes, penetration of IoT & Logistics 4.0, and the growing market for connected devices is augmenting the connected logistics market growth. The rapidly increasing market for intelligent transportation solutions is expected to fuel the connected logistics market growth. Internet explosion and growing affordability of IoT services like RFID, sensors are the major factors driving the growth of the connected logistics market. Big data and analytics platforms are equally contributing to the rising industry growth. This is also strengthened by the rise of new technological developments like wearable devices, embedded sensors. Other major factors includes numerous technological solutions providing common platforms like M2M communication systems, platform integration that offers convenience for supply chain management. However, the lack of awareness about benefits and reluctance to accept new technological developments is restraining the connected logistics market growth.
Market Segmentation:
Global Connected Logistics Market – By Services
Asset Management
Remote Asset Tracking
Security
Network Management
Data Management
Global Connected Logistics Market – By Platform
Connectivity Management
Device Management
Application Management
Global Connected Logistics Market – By Technology
Cellular
Bluetooth
Wi-Fi
Zigbee
Near Field Communication
Satellite Communication
Global Connected Logistics Market – By Devices
Sensor Nodes
Gateways
Radio Frequency Identification (RFID) Tags
Global Connected Logistics Market – By Transportation
Roadways
Railways
Airways
Seaways
Global Connected Logistics Market – By End-User
Banking Financial Services & Insurance (BFSI)
Retail
Consumer Products
Telecom
Aerospace & Defence
Food & Beverages
Media & Entertainment
Manufacturing
Healthcare
Travel & Hospitality
Energy
Others
Global Connected Logistics Market – By Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
France
Germany
Italy
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
Rest of Asia Pacific
ROW
Latin America
Middle East
Africa
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Geographic Analysis:
North America is expected to dominate the global connected logistics market in terms of revenue market share during the forecast period. Connected logistics market revenue in North America is expected to grow thrice during the forecast period. The NA region is an early adopter and manufacturer of digital solutions due to the presence of many key players, and hence, continues to generate significant amount of returns for the stakeholders. For instance, the U.S. represents the most lucrative growth prospects, and would hit 10 billion USD towards the end of the foreseeable period. The Asia Pacific region is also showing investment opportunities, because of rapid technology penetration to develop logistics and product traceability. Influenced by an expanding customer base, companies in the APAC region are increasingly embracing connected logistics in order to improve efficiency in terms of time and cost.
Competitive Scenario:
The key players operating in the market are –
AT & T Inc., IBM Corporation, Cisco Systems Inc., Intel Corporation, Oracle, Zebra, Infosys Limited, Cloud Logistics, SAP SE, GT Nexus, Eurotech S.P.A, Losant IoT.
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How will this Market Intelligence Report Benefit You?
The report offers statistical data in terms of value (US$) as well as Volume (units) till 2030.
Exclusive insight into the key trends affecting the Global Connected Logistics industry, although key threats, opportunities and disruptive technologies that could shape the Global Connected Logistics Market supply and demand.
The report tracks the leading market players that will shape and impact the Global Connected Logistics Market most.
The data analysis present in the Global Connected Logistics Market report is based on the combination of both primary and secondary resources.
The report helps you to understand the real effects of key market drivers or retainers on Global Connected Logistics Market business.
The 2021 Annual Global Connected Logistics Market offers:
100+ charts exploring and analysing the Global Connected Logistics Market from critical angles including retail forecasts, consumer demand, production and more
15+ profiles of top producing states, with highlights of market conditions and retail trends
Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand
Benchmark wholesale prices, market position, plus prices for raw materials involved in Global Connected Logistics Market type
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