Connected Logistics Market to Reach $57.75 Billion by 2029, Unveils Meticulous Research®

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

Meticulous Research®, a distinguished leader in global market research, proudly unveils its latest groundbreaking study titled, "Connected Logistics Market by Offering, Transportation Mode (Roadways, Railways), Application (Inventory Tracking, Real-Time Fleet Management, others), End User (Automotive, Healthcare & Pharmaceuticals, Others), and Geography-Global Forecast to 2029."

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According to this comprehensive report, the connected logistics market is poised to exhibit a remarkable CAGR of 11.5% from 2022 to 2029, catapulting it to a value of $57.75 billion by 2029. This surge is primarily attributed to the escalating demand for streamlined warehouse management and the widespread adoption of cutting-edge technologies such as IoT and cloud solutions across various industries. However, challenges such as the absence of standardization may pose hindrances to market expansion. Yet, the integration of blockchain technology in freight management and the burgeoning potential of connected logistics in emerging economies offer promising avenues for growth, despite lingering concerns about data security. Additionally, the focus on autonomous vehicles in the logistics sector emerges as a significant trend shaping the connected logistics market landscape.

The report segments the connected logistics market based on offering, transportation mode, application, and end-use industries. Through meticulous analysis, it offers insights at both regional and country levels.

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• Offering Segmentation: The market is categorized into solutions and services, with solutions expected to dominate the market landscape in 2022. However, services are projected to witness the highest CAGR during the forecast period, driven by the escalating demand for real-time operational visibility.

• Transportation Mode: Roadways emerge as the frontrunner in the transportation mode segment, boasting the largest share of the global connected logistics market in 2022. This dominance is fueled by the pressing need for enhanced road safety and sustainable infrastructure.

• Application: Among various applications, inventory tracking is anticipated to seize the largest share of the market in 2022, attributed to the manifold benefits offered by IoT-enabled inventory tracking solutions. Conversely, end-to-end delivery tracking is expected to exhibit the highest CAGR, driven by its capability to streamline supply chain management.

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

• End-Use Industries: In 2022, the retail and e-commerce sector is poised to lead the pack, driven by infrastructure enhancements and increased adoption of tech-driven logistics platforms. However, the automotive industry is forecasted to witness the highest growth rate, fueled by the imperative need for optimized visibility and risk management solutions.
Geographic Insights: North America is anticipated to command the largest share of the connected logistics market in 2022, driven by initiatives toward public safety and the adoption of eco-friendly automobile technologies. Conversely, the Asia-Pacific region is expected to witness rapid growth, fueled by extensive investments in megacity projects and transportation network modernization.

Key Players: Notable players in the connected logistics market include International Business Machines Corporation (IBM), SAP, Intel Corporation, Cisco Systems, Inc., Freightgate Inc., ORBCOMM, AT&T Intellectual Property, Honeywell International Inc., and Bosch Service Solutions GmbH, among others.
In summary, Meticulous Research®'s latest report offers unparalleled insights into the connected logistics market, providing stakeholders with invaluable data to make informed decisions and capitalize on emerging opportunities in this dynamic landscape.

Download Research PDF @ https://www.meticulousresearch.com/download-sample-report/cp_id=5363

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This release was published on openPR.