Inertial Measurement Unit Market: A Latest Research Report to Share Industry Insights and Dynamics

Growing at a stellar pace, Global Connected Logistics Market is set to increase the worth of the market, bringing it up to USD 55.17 billion by the end of the year 2025. This is a steep rise from 2016, when the market worth was USD 10.21 billion. This translates to an impressive 17.8% CAGR (Compound Annual Growth Rate) from 2017 to 2025.

connected logistics market
Technological Advancement to Propel Global Connected Logistics Market Growth over the Forecast Period

One of the major reasons supporting the growth of global connected logistics market is the technological advancement marking the landscape in terms of both transportation, and packaging. Besides, development of better fuel and rising demand for shipped goods is also fueling the market growth by a substantial value. E-commerce is playing a significant role in this area, fueled by rising disposable incomes and massive globalization, driving forward cross-border trade, enabling access to new and more products at the convenience of a click.

Additionally, growing adoption and development of supporting technologies, like the Internet of Things (IoT) is also contributing significantly to the impressive CAGR that the global connected logistics market is set to chart over the forecast period.

Looking for exclusive market insights from business experts? Request a Sample Report

Sensitive Products to Drive Demand Up for Global Connected Logistics Market over the Forecast Period

It is also worth noting that certain goods such as pharmaceuticals, that are time sensitive at most times and also require proper tracking and storage. And, the reason behind this is that drugs and certain formulations are usually temperature sensitive. Any fluctuation that the batch experiences need to be intimated to the manufacturer. A lot of this information is needed to be provided real time.

Competitive Landscape of the Global Connected Logistics Market to be Fragmented, and Competitive

The global connected logistics market is a fragmented vendor landscape owing to the market studded with numerous players - both small and large. Some of the important players flanking the market landscape include Microsoft Corporation, International Business Machines Corporation, Google Inc., Oracle Corporation, NETSUITE Inc., Amazon Web Services Inc., Infosys Limited, and Dynatrace LLC. One of the major strategies that has players hooked is the development of appropriate technology, advanced and accessible.

90 State Street, Suite 700 Albany, NY 12207

Transparency Market Research is a global market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for several decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

This release was published on openPR.