Connected Logistics Market Size, Share, Analysis, Industry Report and Forecast 2019-2025

The global connected logistics market is estimated to grow at a CAGR of over 28% during the forecast period owing to rapid urbanization and internet penetration, which is positively influencing the global connected logistics industry. As per the US Census Bureau, the retail e-commerce sales in the US for the third quarter of 2019 was valued $145.7 billion, a rise of 4.4% from the second quarter of 2019. The e-commerce sales in the third quarter of 2019 accounted for 10.5% of total retail sales. Likewise, in India, as per the India Brand Equity Foundation (IBEF), the e-commerce market in India is expected to reach $200 billion by 2027 from $38.5 billion in 2017.

To Request a Sample of our Report on Connected Logistics Market: https://www.omrglobal.com/request-sample/connected-logistics-market

The major e-commerce companies include Amazon, Inc., Alibaba Group Holding Ltd., and eBay Inc. These companies are significantly focusing on expanding its transportation and warehousing capabilities across the countries, including the US, India, and China. This, in turn, contributes to the increasing demand for IoT-enabled solutions in the e-commerce industry. Transportation services play a vital role in e-commerce logistics. The e-commerce companies distribute their products to the customers by their network or taking the support of outsourcing companies such as DHL Express and BlueDart Express. These companies are using several initiatives to attract a large number of e-commerce companies.
For instance, in May 2018, DHL Group introduced DHL SmarTrucking for innovative road transportation across India. The launch of this solution is aimed at leveraging the development of technology-led logistics solutions across the country. With this solution, the company supposed to transport 100,000 tons of cargo and cover a distance of approximately 4 million kilometers across the country every day. For optimization of routes, it encourages IoT technology and data-driven insights. The technology decreases transit times by up to 50% rather than the conventional trucking industry. It can offer more than 90% reliability with ease of use, real-time tracking, end-to-end visibility of consignment, and temperature-controlled capabilities.

IoT sensors monitored through the centralized control tower of the company can offer real-time consignment and temperature tracking. Status updates and information alerts are also sent to DHL SmarTrucking’s operations teams and customers through the internal and external mobile applications and customer portal. As a result, this growing focus on the integration of smart solutions by logistics companies tends to drive the global connected logistics market.
Further, in October 2019, JD.com, China’s one of the largest online retailer launched China’s first 5G-driven smart logistics park in Beijing, China. Along with its Industrial IoT strategy, the park will implement 5G networks at its warehouse in Beijing, China. The monitoring system in the facility allows to detect and examine any problems happening in the warehouse in real-time. It will allow real-time monitoring of routes and location for pallets and forklifts and offer preemptive alerts when something abnormal occurs.

For instance, it will support to offer abnormal driving route alerts and wrong parking location alerts for the forklifts to ensure safety and efficiency. As compared to manual monitoring, mass pallet monitoring will significantly enhance the improvement in operational efficiency. By smart parking, the 5G system would significantly increase the operational efficiency in the facility. The technology will guide incoming vehicles to the highly suitable parking space or docking bay, and digital docking bay that can perform real-time monitoring of the truck loading and unloading goods. As the e-commerce companies are expanding their warehouse capabilities, the demand for IoT-enabled solutions is expected to grow significantly, which in turn, is driving the global connected logistics market.

(Get 15% Discount on Buying this Report)

A full Report of Connected Logistics Market is Available at: https://www.omrglobal.com/industry-reports/connected-logistics-market

Connected Logistics Market Segmentation

By Solution

• Asset Tracking & Management
• Data Management
• Network Management
• Security
• Others (Streaming Analytics)

By End-Use Industry

• Food & Beverage
• Healthcare
• Retail
• Manufacturing
• Oil & Gas
• Others (Chemical)

By Mode

• Roadway
• Waterway
• Railway
• Airway

Connected Logistics Market – Segment by Region

North America
• US
• Canada
Europe
• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific
Rest of the World

Company Profiles
• Amazon Web Services, Inc.
• AT&T, Inc.
• Bosch Service Solutions GmbH
• Cisco Systems, Inc.
• Ericsson AB
• Eurotech S.P.A.
• Freightgate, Inc.
• Google LLC
• HCL Technologies Ltd.
• Huawei Technologies Co., Ltd.
• IBM Corp.
• Infor
• Infosys Ltd.
• Intel Corp.
• Microsoft Corp.
• Oracle Corp.
• ORBCOMM Inc.
• PTC Inc.
• SAP SE
• SecureRF Corp.
• TrackX, Inc.
• Zebra Technologies Corp.

Reasons to Buying From us –
1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/connected-logistics-market

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

This release was published on openPR.