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Global Connected Logistics Market to rise at a robust 17.8% CAGR over the forecast period between 2017 and 2025

12-12-2018 10:28 AM CET | Logistics & Transport

Press release from: Global Connected Logistics Market

Global Connected Logistics Market to rise at a robust 17.8% CAGR

Global Connected Logistics Market: Snapshot

Key players in the global connected logistics market are adopting numerous growth strategies to steal a march over their competitors. Besides product development, key players in the global connected logistics market are resorting to mergers and acquisitions to gain competitive advantage.

Majorly fuelling growth in the global connected logistics market is the breakthrough development in the transportation of sensitive products such as pharmaceuticals. For example, severe temperature fluctuations at the time of transport of pharmaceuticals sends alert to the manufacturer to take action before the products get damaged.

Get more Information about this Report @ https://www.transparencymarketresearch.com/connected-logistics-market.html

The rising prominence of internet of things in the logistics industry, along with multiple applications of connected logistics in e-commerce, the global connected logistics market is receiving a boost.

A report by Transparency Market Research predicts the global connected logistics market to rise at a robust 17.8% CAGR over the forecast period between 2017 and 2025. At this pace, the market will become worth US$55.17 bn by the end of 2025 from US$10.21 bn in 2016.

Asset Management to hold Dominant Market Share

The global connected logistics market by service has been segmented into asset management, remote asset tracking, security, network management, and data management. Amongst all, asset management is likely to account for the leading share in the connected logistics market. At present, globalization and the need for advanced transportation and logistics infrastructure is fuelling the demand for automated logistic systems. This is where the virtues of asset management software come into play in terms of assisting freight and infrastructure managers to address a number of service and performance issues.

In terms of end-use, the key segments into which the global connected logistics market has been divided are freight management, food and beverage supply chain, healthcare, retail. Warehouse management, and others.

Get Sample Copy of this report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=25196

Asia Pacific to Clock Robust Growth in Near Future

The global connected logistics market, by geography has been segmented into North America, Asia Pacific, Latin America, the Middle East and Africa, and Europe. North America presently holds supremacy in the global connected logistics market vis-à-vis revenue. This is mainly due to the demand for integrity control from businesses that deal in delicate products.

Europe is positioned second in terms of revenue share in the global connected logistics market. The growth of this market is mainly driven by the rising adoption of connected logistics in the healthcare sector. In general, the healthcare and pharmaceuticals industry face a number of challenges in the supply chain. The transportation of several pharmaceutical products need to meet temperature and pressure specifications from preventing damage to these commodities. The damage to any particular unit could result in huge loss for the product manufacturer. In healthcare and pharmaceuticals, distribution of perishable products, which could be of high value, from one facility to another also needs reliable facility to prevent damage.

Vis-à-vis growth rate Asia Pacific is expected to surpass other key regions over the forecast period. The region is expected to expand at an impressive CAGR of 18.1% between 2017 and 2025. The burgeoning e-commerce sector that needs real-time tracking of products is majorly driving the connected logistics market in Asia Pacific.

Some of the leading players operating in the global connected logistics market include International Business Machines Corporation, Google Inc., Amazon Web Services Inc., SAP SE, Infosys Limited, Microsoft Corporation, Dynatrace LLC, NETSUITE Inc., Feightgat Inc., and Oracle Corporation.

Get Table of Content @ https://www.transparencymarketresearch.com/report-toc/25196

About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s
experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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ResearchMoz added Latest Research Report titled " Connected Logistics Market - Global Industry Analysis Size Share Growth Trends and Forecast 2017 - 2025 " to it's Large Report database. Global Connected Logistics Market: Overview Traditionally computers have been used to monitor and track logistics in transit. Connected logistics add an all new dimension to the management of logistics sector. Connected logistics can provide valuable information related to operations in connection to logistics.

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