Global Connected Logistics Market to Grow at Over 17.8% CAGR by 2025

In order to study the various trends and patterns prevailing in the overall market for Connected logistics, Market Research Reports Search Engine (MRRSE) has included a new report titled “Connected Logistics Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. Readers can access the regional as well as segment-wise analysis for acquiring precise information about the global market structure.

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In the present time, it is noted that the rising prominence of the internet of things in the logistics industry, merged with multiple applications of connected logistics in e-commerce is boosting the global market for connected logistics. Connected logistics adds a whole new dimension to the management of logistics sector. These devices can provide valuable information linked to operations in connection to logistics. Connected logistics comprises multiple sensors installed on the vehicles, in which the products are transported. Hence, these sensors pass on information to internal and external data feed that would provide information as well as analysis of the road conditions. Furthermore, connected logistics also offer information regarding the weather, shipping lane traffic and much more. As per research findings, the global connected logistics market is anticipated to rise at a robust 17.8% CAGR over the forecast period between 2017 and 2025. Retaining this pace, the market is likely to acquire a worth US$55.17 bn by the end of 2025 from US$10.21 bn in 2016.

The intelligent study starts with the executive summary and market overview. This portion includes the market dynamics as well, which is needed to understand the various market influencing factors such as drivers, restraints, opportunities. The readers can also access data about the competitive landscape which talks about the market attractiveness analysis and competitive strategy by leading players.

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As the report proceeds, the market forecast of the connected logistics market in terms of revenue (USD billion) and CAGR for the forecast period 2016 to 2027 is carefully enclosed. Further, a whole section is dedicated to market segmentation based on a number of factors. The connected logistics market by service is bifurcated in the report into asset management, security, network management, remote asset tracking and data management. Moreover, on the basis of end use, the industry is divided into freight management, healthcare, food and beverage supply chain, retail, warehouse management and others. 

As the report concludes, a stern focus has been offered to the prime players acting in this sector. Some of the well-known providers from the global connected logistics market are Google Inc. (U.S.), International Business Machines Corporation (IBM) (New York City, U.S.), Microsoft Corporation (Washington, U.S.), Infosys Limited (Bangalore, India) and Amazon Web Services Inc. (Seattle, U.S.).

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This release was published on openPR.