Connected Logistics Market Set to Achieve $57.75 Billion Valuation by 2029

"Meticulous Research® Unveils Insights into Connected Logistics Market: Poised for a Remarkable $57.75 Billion Valuation by 2029"

Meticulous Research®, a prominent global market research company, has recently released an in-depth research report titled 'Connected Logistics Market.' The report explores critical facets such as offering, transportation mode, application, end-user industries, and geographical trends, providing a comprehensive perspective on the industry's dynamics.

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According to the study, the connected logistics market is projected to exhibit a robust CAGR of 11.5% from 2022 to 2029, reaching an impressive valuation of $57.75 billion by the end of the forecast period. The market's growth is propelled by the escalating demand for efficient warehouse management and the widespread adoption of cutting-edge technologies, including IoT, cloud computing, and others, across diverse industries.

While the report highlights the positive trajectory, it also underscores challenges hindering market expansion. The absence of standardization poses a constraint, influencing the growth dynamics. However, the integration of blockchain technology in freight management and the expanding scope of connected logistics in emerging regions are identified as key drivers offering growth opportunities. Notably, security concerns related to data management remain a challenge, despite the growing significance of connected logistics.

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Key Trends and Segmentation:
1. Offering Segment:
• Solutions: Expected to dominate the market in 2022 due to the rising need for real-time tracking and monitoring of inventories and goods movement.
• Services: Anticipated to witness the highest CAGR during the forecast period, driven by the growing demand for real-time operational visibility.

2. Transportation Mode:
• Roadways: Projected to lead the market in 2022, owing to increased emphasis on road safety, reduced traffic congestion, and government investments in infrastructure development.
• Airways: Expected to witness the highest CAGR, reflecting advancements in air logistics technology.

To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/connected-logistics-market-5363

3. Application Segment:
• Inventory Tracking: Foreseen as the dominant segment in 2022, fueled by the benefits of IoT-powered inventory tracking solutions, ensuring visibility and accuracy.
• End-to-End Delivery Tracking: Expected to achieve the highest CAGR, driven by user-friendly web dashboards integrating various supply chain management stages.

4. End-Use Industries:
• Retail & E-commerce: Expected to hold the largest share in 2022, attributed to infrastructure improvements, tech-enabled logistics platforms, and the rise in online shoppers.
• Automotive: Anticipated to witness the highest CAGR, driven by the need to optimize visibility and introduce effective risk management solutions.

5. Geography:
• North America: Predicted to lead the market in 2022, driven by initiatives toward public safety, government support for effective traffic management, and the adoption of eco-friendly automobile technologies.
• Asia-Pacific: Expected to experience rapid growth, propelled by heavy investments in megacity projects and ongoing modernization of local transportation networks.

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6. Key Players:
• International Business Machines Corporation (U.S.)
• SAP (Germany)
• Intel Corporation (U.S.)
• Cisco Systems, Inc. (U.S.)
• Freightgate Inc. (U.S.)
• ORBCOMM (U.S.)
• AT&T Intellectual Property (U.S.)
• Honeywell International Inc. (U.S.)
• Bosch Service Solutions GmbH (Germany)
• HCL Technologies Limited (Noida)

The connected logistics market is witnessing a transformative journey, marked by technological advancements, evolving end-user needs, and the pursuit of operational excellence. Meticulous Research® invites industry stakeholders, investors, and decision-makers to explore the comprehensive insights offered in the report, guiding strategic decisions in the dynamic landscape of connected logistics.

For further details and in-depth analysis, refer to the complete 'Connected Logistics Market' report by Meticulous Research®. Download Research PDF @ https://www.meticulousresearch.com/download-sample-report/cp_id=5363

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Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

This release was published on openPR.