Press release
Connected Logistics Market Size Cross to Revenue US$ 74.0 Billion by 2028 | CAGR of 16.35%
Connected logistics enables corporations to plan shipments and orders in advance and help prevent delayed deliveries by offering shipment tracking with real-time tracking. They use various platforms, software, and hardware to obtain real-time information. They transport goods through several modes, such as airways, roadways, railways, and seaways. They are employed to provide supply chain partners with all essential data and logistics information to streamline transportation processes. In addition, they provide fleet management, geofencing, vehicle analytics, route optimization, and safety from loss, theft, or damage of shipments. Owing to these benefits, connected logistics are widely adopted in retail, automotive, manufacturing, healthcare, and food and beverage (F&B) sectors.
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Connected Logistics Market Trends and Drivers:
The market is primarily driven by the significant expansion in the information and technology (IT) sector. In addition, connected logistics provide numerous benefits, such as real-time access, increased productivity, and improved operational efficiency contributing to market growth. Moreover, various technological advancements, such as the incorporation of sensor-based technology like radio frequency identification (RFID) chips and internet of things (IoT) devices in shipments, vehicles, and individual products, that generates data and allows organizations to track the exact location and condition of their shipments represents another major growth-inducing factor. Furthermore, the widespread adoption of cloud-based solutions and increasing digitalization in corporations are creating a positive market outlook across the globe.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Component:
Hardware
Solutions
Services
Breakup by Software:
Asset Management
Warehouse IoT
Security
Data Management
Network Management
Streaming Analytics
Breakup by Technology:
Bluetooth
Cellular
Wi-Fi
ZigBee
NFC
Satellite
Breakup by Devices:
Gateways
RFID Tags
Sensor Nodes
Breakup by Transportation Mode:
Roadways
Railways
Airways
Seaways
Breakup by End Use Industry:
Automotive
Manufacturing
Oil and Gas
IT and Telecom
Healthcare
IT and Telecommunication
Retail
Food and Beverage
Others
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
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Competitive Landscape with Key Player:
AT&T Inc. (NYSE: T)
Cisco Systems Inc. (NASDAQ: CSCO)
Eurotech S.p.A.
HCL Technologies Limited
Honeywell International Inc.
Infosys Limited
Intel Corporation
International Business Machines Corporation
Microsoft Corporation
Oracle Corporation
SAP SE
Zebra Technologies Corporation.
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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