Connected Logistics Market to Surpass US$ 74.0 Billion at a CAGR of 16.35% by 2028
According to the latest report by IMARC Group “Connected Logistics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The global connected logistics market size reached US$ 30.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 74.0 Billion by 2028, exhibiting a growth rate (CAGR) of 16.35% during 2023-2028. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
Connected logistics refer to the set of platforms that comprise various technologies, such as Bluetooth, cellular, Wi-Fi, satellite, and near-field communication (NFC). They provide real-time information about the goods shipped via several modes of transportation, such as roadways, railways, airways, and seaways. They offer an interface to integrate multiple devices that improve decision-making while increasing operational efficiency and improving productivity. They aid in enhancing transparency in business operations and enabling organizations to be more client-oriented. As a result, connected logistics are widely employed in the automotive, healthcare, manufacturing, oil and gas, and food and beverage (F&B) industries across the globe.
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Connected Logistics Market Trends and Drivers:
Presently, the rising development of smart cities worldwide represents one of the primary factors contributing to the growth of the market. Additionally, the increasing adoption of the internet of things (IoT)-enabled connected devices to remotely monitor and control supply chain operations around the world is strengthening the growth of the market. Apart from this, the growing need to decrease the cost related to warehousing services and shipment is positively influencing the market. Moreover, the increasing demand for high-technology autonomous trucks and vehicles is bolstering the growth of the market. Furthermore, the rising need for mobility with reduced cost of administrative processes is supporting the growth of the market.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Component:
- Hardware
- Solutions
- Services
Breakup by Software:
- Asset Management
- Warehouse IoT
- Security
- Data Management
- Network Management
- Streaming Analytics
Breakup by Technology:
- Bluetooth
- Cellular
- Wi-Fi
- ZigBee
- NFC
- Satellite
Breakup by Devices:
- Gateways
- RFID Tags
- Sensor Nodes
Breakup by Transportation Mode:
- Roadways
- Railways
- Airways
- Seaways
Breakup by End Use Industry:
- Automotive
- Manufacturing
- Oil and Gas
- IT and Telecom
- Healthcare
- IT and Telecommunication
- Retail
- Food and Beverage
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- AT&T Inc. (NYSE: T)
- Cisco Systems Inc. (NASDAQ: CSCO)
- Eurotech S.p.A.
- HCL Technologies Limited
- Honeywell International Inc.
- Infosys Limited
- Intel Corporation
- International Business Machines Corporation
- Microsoft Corporation
- Oracle Corporation
- SAP SE
- Zebra Technologies Corporation.
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