Press release
Smart Logistics Market Size & Forecast 2017 to 2027: North America Expected to Dominate the Global Market
The smart logistics market has witnessed significant traction since its inception and, is furthermore, expected to witness a double digit growth during the forecast period, owing to the increasing demand for automated logistic systems globally.
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Smart Logistics Market: Dynamics
The increasing adoption of smart devices, Big Data analytics, cloud computing and IoT has enabled a connected environment, which as a result has enhanced the tracking and management processes. These factors are, thus, expected to be the key drivers for the growth of the global smart logistics market. Besides, the increasing demand and adoption of RFID technology for enhancing the tracking processes is also expected to be a factor impelling the growth of the smart logistics market, in terms of value. Advantages associated with smart logistics such as enhanced supply chain management, elimination of complexities associated with processes such as communication, freight management, cost-effectiveness, warehousing and distribution, etc., are also expected to drive the demand for smart logistics globally. Additionally, the initiatives taken by the government for enabling a connected environment is also expected to drive the adoption of smart logistics.
However, lack of infrastructure and slow technological development in some of the underdeveloped countries for enabling a connected environment, challenges the implementation of smart logistics, and thus, acts as a restrain for the growth of the global smart logistics market.
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Smart Logistics Market: Segmentation
The global smart logistics market can be segmented on the basis of components, industry vertical, and regions.
Segmentation of the Smart Logistics Market by Services:
Hardware Software Services Professional Services Managed Services
Segmentation of the Smart Logistics Market by Industry Verticals:
Oil and Gas Power and Energy Aviation and Marine Military and Defense Manufacturing Retail Automotive Chemicals
Smart Logistics Market: Key Players
Examples of some of the key players operating in the smart logistics market are AT&T Intellectual Property, IBM Corporation, Intel Corporation, SAP SE, Cisco Systems, Oracle Corporation, Freightgate Inc., Arkessa, Bosch Connected Devices and Solutions GmbH, Honeywell International Inc., and Orbcomm Inc., among others.
Many players (manufacturers and vendors offering Smart Logistics solutions) are focusing on expanding their presence in the market by collaborating with various tier-1 companies. For instance, in May 2018, AT&T partnered with Honeywell International Inc., for delivering Internet of Things (IoT) technology to aircraft and freight solutions in countries across the globe, especially in the U.S., Latin America, Canada, Asia Pacific and Europe.
Smart Logistics Market: Regional Overview
By geography, the smart logistics market can be segmented across North America, Latin America, Western Europe, Eastern Europe, China, Japan, SEA and others in Asia Pacific, and Middle East & Africa. Among these regions, North America is expected to dominate the global smart logistics market during the forecast period, owing to maximum adoption of advanced technologies such as IoT, Big Data etc., required for enabling a connected environment and smart logistics, in the region. Asia Pacific (including Japan and China) and Europe are expected to follow North America in the global smart logistics market. China is, however, expected to exhibit high growth rate during the forecast period owing to increasing economic growth, internet penetration, and demand for advanced smart and connected devices. Besides, Latin America and MEA are also expected to witness a considerable growth in the global smart logistics market during the forecast period.
The report covers exhaustive analysis on:
Regional analysis for global Smart Logistics market includes
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Report Highlights:
Food and Beverages
Others
Global Smart Logistics Market segments
Global Smart Logistics Market dynamics
Historical actual market size, 2012 - 2016
Global Smart Logistics Market size & forecast 2017 to 2027
Supply & demand value chain for Smart Logistics Market
Global Smart Logistics Market current trends/issues/challenges
Competition & companies involved in Smart Logistics Market
Smart Logistics Technology
Value Chain of Smart Logistics Market
Global Smart Logistics Market drivers and restraints
North America Smart Logistics Market
U.S.
Canada
Latin America Smart Logistics Market
Mexico
Brazil
Rest of Latin America
Western Europe Smart Logistics Market
Germany
France
U.K.
Spain
Italy
Nordic
Benelux
Rest of Western Europe
Eastern Europe Smart Logistics Market
Poland
Russia
Rest of Eastern Europe
SEA and other Asia Pacific countries Smart Logistics Market
India
Indonesia
Oceania
Singapore
Philippines
Malaysia
Thailand
Rest of SEA and other Asia Pacific countries
Japan Smart Logistics Market
China Smart Logistics Market
Middle East and Africa Smart Logistics Market
GCC Countries
Turkey
North Africa
South Africa
Rest of MEA
Detailed overview of parent market
Changing market dynamics of the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth
A neutral perspective towards market performance
Must-have information for market players to sustain and enhance their market footprint
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