IoT in Logistics Market Forecast 2026: Top Companies, Revenue and Growth Factors Details for Business Development | 16.4% OF CAGR

"The Global IoT in Logistics Market is expected to witness growth with a CAGR of 16.4 % during the forecast period. IoT in Logistics is the integration of digital technology in all areas of business that results in fundamental changes in how the service is delivered to the customers and how the business is operated."

Snapshot of The Global IoT in Logistics Market
IoT in logistics is defined as a network that interlinks various devices through embedded electronics, sensors, and internet connectivity. The global logistics industry is considered to be a multi-billion market. Integration of internet of things (IoT) into this sector is offering numerous benefits by assisting the companies to make critical strategy decisions, optimize various operations, minimize the production cost and reduce the inventory and raw material investments

The growth of this IoT in Logistics Market is primarily driven by increasing disposable incomes, growing technological innovation in Fleet, Warehouse, Freight industry, the global IoT in logistics market has been segmented into hardware, software, and service. Greater efficiency and easy deployment for multiple software solutions which include traffic and fleet management, resource and energy monitoring, safety and security, among others, are some of the key driving factors for the growth of software solution segment globally.

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Global IoT in Logistics Market Segmentation:
Following Top Key players are profiled in this Market Study:
Cisco Systems Inc. (US), Octonion SA (US), Kaa IoT Technologies, LLC (US), NEC Corporation (US), Honeywell International (US), Novire Technologies (US), SAP SE (US), Intel Corporation (US), Oracle Corporation (US), Bosch Software Innovations GmbH (Germany), Rockwell Automation, Inc. (US), and Amazon Web Services (US) among others

integrating the internet of things (IoT) into logistics operations made it possible to monitor every process in real-time, thus improving the overall supply chain. Cumulatively, all these factors are resulting in IoT in logistics market growth. On the other hand, the lack of skilled professionals, high initial cost, and government rules and regulations are impacting the growth of the IoT in logistics market.

By Application: Fleet, Warehouse, Freight, Yard/ Dock, Others

Based on the application, the fleet management segment is expected to lead during the forecast period.
Based on the application, the IoT in logistics market has been segmented into fleet, warehouse, freight, yard/ dock, and others. The fleet management segment came out as a leading sector for the global IoT in logistics market in 2018. Considering the trend, there is an increase in demand from developing economies such as India and China across the e-commerce sector which has resulted into a need for optimized fleet management, which further lead the demand for IoT devices

Impact of COVID-19:
IoT in Logistics Market report analyses the impact of Coronavirus (COVID-19) on the IoT in Logistics industry.
Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 180+ countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the IoT in Logistics market in 2020.
The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor events restricted; emergency declared in many countries; massive slowing of the supply chain; stock market unpredictability; falling business assurance, growing panic among the population, and uncertainty about future.

COVID-19 can affect the global economy in 3 main ways: by directly affecting production and demand, by creating supply chain and market disturbance, and by its financial impact on firms and financial markets.

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Table of Content:
Chapter 1 Executive Summary
1.1. Market Summary

1.1.1. Global IoT in Logistics Market, 2016-2026, (USD Million)

1.2. Market Snapshot: Global IoT in Logistics Market

1.3. Market Dynamics

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Chapter 2 Market Dynamics
2.1. IoT in Logistics Market Overview

2.2. IoT in Logistics Market Drivers

2.2.1. Growing demand for wearable devices

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Chapter 3 Global IoT in Logistics Market, by Type
Chapter 4 Global IoT in Logistics Market, by Application
Chapter 5 Global IoT in Logistics Market, by Region
Chapter 6 Competitive Intelligence
Chapter 8 Preface
And More…

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