Connected Logistic Market Top Keyplayers AT&T Inc., IBM Corporation, Intel Corporation, SAP SE, Infosys Limited, Cisco Systems Inc., HCL Technologies Limited, Eurotech S.P.A., Microsoft, oracle, Cloud Logistics, Zebra technologies, ORBCOMM, and GT Nexus.

Connected logistics system is a support service that provides material handling and transport for the superior, more significant, and value creating manufacturing process using advanced technologies. Connected logistic provides various benefits to logistic businesses by providing improved operational efficiency, real-time access, and improved productivity through integration of multiple connected platforms such as IoT, cloud computing, and smart devices.

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Factors Driving Growth of the Global Connected Logistics Market

Major factors driving growth of the global connected logistics market include increasing adoption of IoT across various industries, decreasing cost of communication devices, and increasing demand for logistic operational efficiency. For instance, according to a report by Pew Research Centre, 49% of the world’s population is connected online and an estimated 8.4 billion IoT are in use worldwide as of 2018. Increasing adoption of smart devices globally, including smartphones and growing adoption of cloud computing is also impacting the growth of the global connected logistics market.

Connected logistic also helps in operational productivity and ensures faster and safer delivery. At present, cloud technology is used widely amongst all the businesses, which provides logistical businesses affordable solutions. This has increased the adoption of the cloud-based solutions in the connected logistics market. According to report by ITA (International Trade administration), businesses will spend around US$ 191 billion on cloud services by 2020, as compared to US$ 72 billion in 2014. The increased adoption of intelligent transportation solutions is expected to drive the connected logistics market growth.

Regional Analysis of Connected Logistic Market
North America is expected to hold the largest market share owing to high investments in the research and development of connected Logistic in the region. Countries in North America such as U.S., Canada, and Mexico shows significant growth opportunities, due to their strong financial position.
Europe is expected to be the second-largest contributor in the connected logistics market, as the healthcare sector in Europe is extensively adopting connected logistics.

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Key players in the Global Connected Logistic Market

Some key users in the connected logistics market are communication equipment providers, government agencies & authorities, IoT and general telecommunications companies, and privacy and security companies. Major players operating in the global connected logistics market include AT&T Inc., IBM Corporation, Intel Corporation, SAP SE, Infosys Limited, Cisco Systems Inc., HCL Technologies Limited, Eurotech S.P.A., Microsoft, oracle, Cloud Logistics, Zebra technologies, ORBCOMM, and GT Nexus.

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