Smart Container Market growth predicted at 20.8% till 2027: The Insight Partners

According to the new research report published by The Insight Partners, titled "Smart Container Market - Global Analysis and Forecast to 2027", the global smart container market is expected to reach US$ 11.29 Bn in 2027, registering a CAGR of 20.8% during the forecast period 2019-2027.

Automotive, agriculture, food & beverage, consumer electronics, oil & gas, healthcare, and chemicals, among others, are some of the major users of smart containers globally. Domestic and overseas trade of goods such as consumer goods, oil, food items, drugs & medicines, and many more owing to rising customers demand from diversified industries. In the food industry, demand for processed, semi-processed, frozen, and organic food products is high globally. In pharmaceutical, the transportation of drugs is increasing owing to initiatives regarding drug discovery. Similarly, in the oil & gas industry, the trade business of oil is on an increase across the world.

Get Research Sample Copy on “Smart Container Market” – https://bit.ly/30RD37z

This study offers a comprehensive, 360 degree analysis on the Smart Container Market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Smart Container Market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

Leading Key Market Players Mentioned in the Report:- Ambrosus, Zillionsource Technologies, Smart Containers Group AG, Globe Tracker, APS, Nexxoit AG, Orbcomm, Hapag-Lloyd, Philips Connect Technologies, Traxens, and A.P. Møller - Mærsk A/S among others.

The Smart Container market is anticipated to witness decent growth in the forecast period owing to increasing deployment around stadiums for fan engagement and advertising. Increasing inclination of consumer towards live shows and concerts is positively influencing the growth of the Smart Container market. Increasing disposable income and emerging stadiums in the developing countries is expected to create favorable growth prospects for major players operating in the Smart Container market in the coming years.

With rising global trade and complexities in the supply ecosystem, the need for the advanced smart container is rising. Demand for connected, modular, and flexible would assist in enhancing the process efficiency and will facilitate shipment visibility and monitoring. With escalating city delivery volumes, the smaller containers and innovative packaging have the potential to standardize urban logistics. Improved materials, advancement in automation aid the development and commercialization of efficient & sustainable supply chains. The application of next-generation IoT solutions in packaging will transform visibility, traceability, and security.

North America is the prominent region in the location intelligence market. On the other hand, Asia Pacific is anticipated to be the fastest-growing region in terms of CAGR during the forecast period from 2019 - 2027. Based on industry vertical, food & beverage holds a highest market share in 2018, whereas, pharmaceutical is anticipated to be the fastest growing industry vertical in the smart container market.

The report segments the global smart container market as follows:

Global Smart Container Market - By Component
• Hardware
• Software
• Service

Global Smart Container Market - By Technology
• GPS
• Cellular
• Long Range Wide Area Network
• Bluetooth Low Energy
• Others

Global Smart Container Market - By Industry Vertical
• Food and Beverages
• Pharmaceutical
• Oil and Gas
• Chemicals
• Others

Smart Container Market is a combination of qualitative as well as quantitative analysis which can be broken down into 40% and 60% respectively. Market estimation and forecasts are presented in the report for the overall global market from 2018 – 2027, considering 2018 as the base year and 2018 – 2027 forecast period. Global estimation is further broken down by segments and geographies such as North America, Europe, Asia-Pacific, Middle East & Africa and South America covering major 16 countries across the mentioned regions. The qualitative contents for geographical analysis will cover market trends in each region and country which includes highlights of the key players operating in the respective region/country, PEST analysis of each region which includes political, economic, social and technological factors influencing the growth of the market.

Remarkable Attributes of Smart Container Market Report:
• The current status of the global Smart Container Market, current market & the two regional and region levels.
• In-Depth Understanding of Facets Activating the Development of the global Smart Container marketplace.
• Current market isolation Relating to Identifying portions like Smart Container Merchandise Sort, end-use Software
• The innovative perspective of this global Smart Container current market with layouts that are standard, and also prime chances.
• The research of this market enticing place regarding product sales of Smart Container.
• Various stakeholders in this industry, including investors, product manufacturers, distributors, and suppliers for Smart Container Market, research and consulting firms, new entrants, and financial analysts.

Buy Now This Report @ https://bit.ly/2Eo3t9r

Contact Us
If you have any queries about this report or would like further information, please contact us:
The Insight Partners,
Phone: +1-646-491-9876
Email: sales@theinsightpartners.com
Website: https://www.theinsightpartners.com/

About The Insight Partners
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Chemical, Food, Automotive and Defence.

This release was published on openPR.