Press release
Connected Logistics Market Statistics, Segment, Trends and Forecast to 2030
Connected Logistics Market
Through the integration of numerous linked platforms, connected logistics provides various advantages to logistics companies that provide services for different industry verticals, including real-time access, greater operational efficiency, and increased production.
Companies that are more client-focused and working to increase the productivity of the transportation process benefit from connected logistics. IoT & sensor-based technologies like RFID are being widely adopted by the supply chain management (SCM) system and other industries, which is anticipated to support the growth of the linked logistic market throughout the forecast period.
A competitive market, increased client demands, and a lack of standardisation in the logistics sector are just a few of the challenges the connected logistics sector faces. However, due to the need for better integration, increased process efficiency, real-time reporting, more visibility, and improved communications, the logistics sector is progressively adopting cutting-edge technologies. As more new cars are fitted with fleet telematics, a technology made possible by cellular IoT connectivity that enables fleet management and operators access to data from the numerous onboard sensors, there is unquestionable potential for connected logistics.
Through the provision of shipment monitoring with real-time tracing and tracking, connected logistics enables enterprises to plan orders and shipments in advance and assists them in preventing delayed deliveries. Additionally, it provides geofencing, route optimization, fleet management, vehicle analytics, and protection against shipment theft, loss, or damage. In addition, by combining various linked devices on a single interface, it increases productivity, improves operational efficiency, and forecasts predictable departure and arrival of shipments. As a result, connected logistics has several uses in a variety of sector verticals, including the automotive, healthcare, retail, manufacturing, and food and beverage industries (F&B).
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COVID-19 Analysis
The recent pandemic that affected the entire world has taught us to always be ready for whatever the future holds. Every business has suffered in some manner, and it's not just at the individual level. The amount of stress, financial loss, and physical pain that each person has experienced is a cause for concern. Certainly not monetarily, physically, or mentally. However, now is the time to take action and stop moaning about everything. The recent pandemic that affected the entire world has taught us to always be ready for whatever the future holds. Every business has suffered in some manner, and it's not just at the individual level. The amount of stress, financial loss, and physical pain that each person has experienced is a cause for concern. Certainly not monetarily, physically, or mentally. However, now is the time to take action and stop moaning about everything
The Connected Logistics Market - Segmentation
The Connected Logistics Market fragrance concentrates market has been sub-classified into component, software, technology, devices, transportation mode, end-use industry.
On the basis of component, the Connected Logistics Market is bifurcated into:
• Hardware
• Solutions
• others
On the basis of software, the market is segmented into:
• Asset management
• Warehouse IoT
• Security
• Data management
• Network management
• Streaming analytics
• others
on the basis of technology, the market is segmented into:
• Bluetooth
• Cellular
• Wi-fi
• ZigBee
• NFC
• Satellite
• others
On the basis of devices, the market segmented into:
• gateways
• RFID Tags
• Sensor Nodes
• Others
On the basis of transportation mode, the market segmented into:
• Roadways
• Railways
• Airways
• Seaways
• Others
On the basis of end-user industry, the market segmented into:
• Automotive
• Manufacturing
• Oil and Gas
• IT and Telecom
• Healthcare IT and Telecommunication
• Retail
• Food and beverages
• Others
The Connected Logistics Market -Regional Analysis
North America dominated the global Connected Logistics Market, is expected to increase market demand over the projection period. Some of the factors that contribute to the growth of the market in North America include the use of cutting-edge technologies like machine learning, the Internet of Things, cloud computing, big data, analytics, and deep learning. The US continues to hold the largest market share in North America as a result of the existence of notable players.
The Connected Logistics Market - Key Market players
Global key players of Connected Logistics Market include AT&T Inc., Cisco Systems Inc., Eurotech S.p.A., HCL Technologies Limited, Honeywell International Inc., Infosys Limited, Intel Corporation, International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, SAP SE and Zebra Technologies Corporation, and others.
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FAQS
1.What is the CAGR rate for Global Connected Logistics Market over 2022-2030?
2.What are the major drivers which aid the Global Connected Logistics Market?
3.What are the segments of the Global Connected Logistics Market?
4.Which is the fastest growing region in the Global Connected Logistics Market?
5.What are some major strategies used by top players for the expansion of their business in the Global Connected Logistics Market?
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