Connected Logistics Market Size to Reach US$ 74.0 Billion, Globally, by 2028 at 16.35% CAGR
Connected logistics refer to the set of platforms that comprise various technologies, such as Bluetooth, cellular, Wi-Fi, satellite, and near-field communication (NFC). They provide real-time information about the goods shipped via several modes of transportation, such as roadways, railways, airways, and seaways. They offer an interface to integrate multiple devices that improve decision-making while increasing operational efficiency and improving productivity. They aid in enhancing transparency in business operations and enabling organizations to be more client oriented. As a result, connected logistics are widely employed in the automotive, healthcare, manufacturing, oil and gas, and food and beverage (F&B) industries across the globe.
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Connected Logistics Market Trends and Drivers:
Presently, the rising development of smart cities worldwide represents one of the primary factors contributing to the growth of the market. Additionally, the increasing adoption of the internet of things (IoT)-enabled connected devices to remotely monitor and control supply chain operations around the world is strengthening the growth of the market. Apart from this, the growing need to decrease the cost related to warehousing services and shipment is positively influencing the market. Moreover, the increasing demand for high-technology autonomous trucks and vehicles is bolstering the growth of the market. Furthermore, the rising need for mobility with reduced cost of administrative processes is supporting the growth of the market.
The report has segmented the market into the following categories:
Breakup by Component:
Breakup by Software:
Breakup by Technology:
Breakup by Devices:
Breakup by Transportation Mode:
Breakup by End Use Industry:
Oil and Gas
IT and Telecom
IT and Telecommunication
Food and Beverage
Market Breakup by Region:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
Competitive Landscape with Key Player:
AT&T Inc. (NYSE: T)
Cisco Systems Inc. (NASDAQ: CSCO)
HCL Technologies Limited
Honeywell International Inc.
International Business Machines Corporation
Zebra Technologies Corporation.
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