IOT IN LOGISTICS Market Is Booming (CAGR of 35.5%) Worldwide | Microsoft, Intel, SAP, FedEx

A new research document with title 'WORLDWIDE IOT IN LOGISTICS MARKET-By Technologies (Cellular Network Technologies, Short Range Technologies), Services (Consulting, Maintenance, and Integration), Solutions (Fleet Management, Tracking & Monitoring, and Route Optimization), End-User and Regions-Drivers, Opportunities, Trends, and Forecasts, 2016-2022' covering detailed analysis, Competitive landscape, forecast and strategies. The study covers geographic analysis that includes important players/vendors such as IBM Corporation, Microsoft Corporation, Intel, SAP The report will help user gain market insights, future trends and growth prospects for forecast period of 2016-2022.

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The Internet of Things (IoT) is a network which connects objects via embedded electronics, sensors, and network connectivity. The IoT in logistics market is a multibillion market. It is helping the companies to take critical business decisions, optimize the production, reduce the production cost and minimize the raw material cost. The real time monitoring of the logistics operations and improved supply chain are few of the factors which are driving the market. Still, the lack of skilled labour, high cost, and vigilant government rules and regulations are impacting the growth of the market.
Currently, the industry verticals such as aerospace & defense, retail, food & beverages, healthcare and the automotive have started adopting IoT solutions for their logistics operations. In order to track the floor activities and transport activities, the companies are utilizing the connectivity technologies. Some of the technologies which are being used are cellular network technologies (2G, 3G, 4G), Wi-Fi, Bluetooth, GPS, GPRS, NFC and RFID. The companies are also utilizing the IoT technology for fleet management and tracking and monitoring applications.
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According to HTF’s Research, the “Worldwide IoT in Logistics” Market will grow at an estimated CAGR of 35.5% during the forecast period 2016–2022. At present, North America is leading the market, and Asia Pacific is one of the fastest growing regions. Some of the key players covered in the report are IBM Corporation, Microsoft Corporation, Intel, SAP, FedEx Corporation, XPO Logistics and Cisco Systems, NC. The research report provides a comprehensive review of technologies, services, solutions and end-users. The report will also cover the market in terms of trends, regions and vendor assessment.
By 2018, it is expected that, globally, about 25% of the players will be utilizing IoT based solutions such as demand-sensing and short-term response planning technologies in their logistics chains. At present, the companies are investing in the route optimization solutions which helps them to reduce their carbon footprint and reducing fuel requirements. In other words, helps in optimizing the business processes. The perishable industry such as food & beverage, healthcare and chemicals companies are investing a lot on the sensor enabled temperature control solutions. The industry is utilizing the sensor technology to track the flow of the products in the plant and for temperature monitoring. The IoT technology is helping the industry in tracking the employee performance, stock and warehouse management. The IoT solutions are also helping in route and product delivery planning to the enterprises that are not possible in the traditional systems.
The “Worldwide IoT in Logistics” market is expected to reach $1,050.95 billion by 2022, growing at an estimated CAGR of 35.5% during the forecast period 2016–2022.

Companies Mentioned in the Report
Cisco Systems,IBM,Intel Corporation,FedEx Corporation,XPO Logistics,ICC Logistics Services,Innovative Express Pvt Ltd,HCL,Microsoft Corp,SAP SE

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1 Industry Outlook 12
2 Report Outline 14
3 Market Snapshot 16
4 Market Outlook 18
5 Market Characteristics 20
6 Technologies: Market Size and Analysis 24
7 Services: Market Size and Analysis 40
8 Solutions: Market Size and Analysis 45
8.4 Route Optimization 49

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