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Global Connected Logistics Market expected to boost the Growth by Public and Private Sector Funding and Investments in the Advancement of Transportation and Logistics Technologies
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Geographically, Asia-Pacific is expected to witness the fastest growth among all the regions, during the forecast period. The expected growth in the Asia-Pacific connected logistics market can be owed to factors such as growth of digitalization, advancement in new technologies, growth in retail industry, and increasing adoption of connected technologies by major logistics providers in the region. Further, due to rapid technological advancements in supply chain management and improvement in technology infrastructure, the region has high tendency to adopt connected logistics solution at a rapid scale in near future.
With the implementation of technologies such as IoT, and adoption of data driven solutions, such as analytics, at a greater scale by logistics providers, the connected logistics market has huge growth potential. Through factors, such as real time tracking, advanced shipment methods, warehouse capacity optimization, predictive asset management and effective improvement in last mile delivery, the way logistics vendors operate in the global market is likely to enhance. Apart from this, funding and investments in the advancement of transportation and logistics technologies by public and private sector is further expected to boost the growth of the connected logistics industry.
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Some of the key players in the connected logistics market are AT&T, Inc., IBM Corporation, Intel Corporation, SAP SE, Infosys Limited, Cisco Systems Inc., HCL Technologies Limited, and Cloud Logistics.
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