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Connected Logistics Market Insights 2020 to Witness a Pronounce Growth During 2016-2023 | Top Manufacturers: Oracle, IBM, Cisco System, AT&T , SAP, Zebra

07-31-2020 06:43 PM CET | IT, New Media & Software

Press release from: Allied Market Research

Connected Logistics Market

Connected Logistics Market

The Objective of the “Global Connected Logistics Market” report is to depict the trends and upcoming for the Connected Logistics Market industry over the forecast years. Connected Logistics Market report data has been gathered from industry specialists/experts. Although the market size of the market is studied and predicted from 2020 to 2027 mulling over 2019 as the base year of the market study. Attentiveness for the market has increased in recent decades due to development and improvement in the innovation.

The global Connected Logistics market was valued at $ 16,774 million in 2016, and is projected to reach at $ 27,722 million by 2023, growing at a CAGR of 7.60% from 2017 to 2023. Bluetooth and sensor nodes segments possess the maximum growth potential and are expected to create lucrative opportunities for industry players.

Access Full Summary: https://www.alliedmarketresearch.com/connected-logistics-market

At present, Connected Logistics witness an increased adoption in the developed and the developing regions, owing to technological innovations in product offerings, increased adoption of Logistics 4.0, growth associated with Big Data and Analytics, cloud technologies, surge in demand for connected devices, and increase in application areas among end users. Furthermore, factors such as growth associated with IoT, increase in need for mobility, increased internet penetration, and proliferation of smart devices are expected to provide numerous growth opportunities. However, Connected Logistics implementation issue is expected to restrict the growth of the market during the forecast period.

The sensor nodes segment dominated the global Connected Logistics market, with around 49% share in 2016, followed by RFID tags segment. Furthermore, RFID tags segment is estimated to grow at the highest CAGR of 9.00%, owing to widespread adoption of advanced solutions and increased IoT spending.

The Bluetooth segment dominated the Connected Logistics market in 2016, with around 20% revenue share and NFC segment is anticipated to exhibit fastest growth rate. This is attributed to the improved IT infrastructure and increased connectivity-related expenditures.

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North America was the highest revenue contributor in 2016, accounting for around 42% share. Asia-Pacific is projected to grow at the highest CAGR of 11.0% during the forecast period.

Key Market Players Profiled In The Report:

1. SAP
2. ThingWorx
3. SecureRF
4. Oracle
5. Zebra
6. GT Nexus
7. IBM
8. Cisco System, Inc.
9. Eurotech S.P.A.
10. AT&T Inc.

Market Key Benefits for Stakeholders:

○ The Bluetooth segment dominated the global Connected Logistics market in 2016.
○ The RFID tags, sensor nodes, and Zigbee segments are estimated to provide significant growth opportunities to the key market players.
○ The North American market is expected to be dominant, in terms of market size. However, Asia-Pacific and LAMEA are estimated to possess the highest CAGR during the forecast period.

Key questions answered in Connected Logistics Market research study:
♦ What is the market growth rate of Connected Logistics Market from 2020-2027?
♦ What will be the global market size of the market from 2020 to 2027?
♦ Who are the leading global players in the Connected Logistics Market?
♦ What are the current trends and predicted trends?
♦ What are the challenges faced in the Connected Logistics Market?
♦ Which will be the niches at which players profiling with thorough plans, financials, and also recent advancements should set a presence?
♦ Which will be the anticipated growth rates for your own Connected Logistics Market economy altogether and also for every segment inside?
♦ Which will be the Connected Logistics Market application and types and forecast accompanied closely by producers?
♦ What are the conclusions of the Connected Logistics Market report?

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About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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