Connected Logistics Market Size Cross to Revenue US$ 74.0 Billion by 2028 | CAGR of 16.35%

IMARC Group, a leading market research company, has recently released a report titled "Connected Logistics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028". The study provides a detailed analysis of the industry, including the global connected logistics market scope, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

What Are The Growth Prospects Of The Connected Logistics Industry?

According to the report, The global connected logistics market size reached US$ 30.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 74.0 Billion by 2028, exhibiting a growth rate (CAGR) of 16.35% during 2023-2028.

What is Connected Logistics?

Connected logistics is a cutting-edge approach that harnesses advanced technologies to optimize and streamline the processes involved in the supply chain. It uses the power of connectivity and data integration to enable real-time monitoring, tracking, and management of goods, vehicles, and assets across the entire logistics network. It helps in effective transportation, warehousing, inventory management, and distribution. It offers businesses unprecedented visibility, control, and efficiency throughout their operations. Besides this, it provides a forecast for the predictable departure and arrival of shipments, improves operational efficiency, and enhances productivity by integrating various connected devices on a single interface. Consequently, connected logistics finds extensive applications across automotive, healthcare, manufacturing, retail, and food and beverage (F&B) industries.

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What are the growth prospects and trends in the connected logistics industry?

The rapid expansion of the e-commerce industry, along with the increasing penetration of high-speed network connectivity, represents one of the key factors positively influencing the global connected devices market. Additionally, the escalating customer expectations for faster deliveries, transparent tracking, and the accurate estimated time of arrivals (ETAs)s are encouraging businesses to adopt connected logistics solutions. Besides this, the rising focus of manufacturers on adopting green logistic solutions to reduce the environmental impact and improve the green credentials of their businesses is creating a positive market outlook. Furthermore, the integration of advanced technologies, like the Internet of Things (IoT), cloud computing, and data analytics, is allowing companies to provide real-time updates, optimize route planning, and proactively address any disruptions in the supply chain. Additionally, rapid globalization and the rise in trade agreements among several countries are catalyzing the demand for logistics to keep pace with the growing needs of importers and exporters.

What is included in market 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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Who are the key players operating in the industry?

The report covers the major market players including:

ATT 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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