Connected Logistics Global Market Demand Status, Competitive Landscape, Top Growing Regions, Segmentations, and Leading Key Opportunity Forecast To 2033

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Connected Logistics Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $48.31 Bn In 2028 At A CAGR Of 14.2% :

The connected logistics market size has grown rapidly in recent years. It will grow from $24.84 billion in 2023 to $28.33 billion in 2024 at a compound annual growth rate (CAGR) of 14%. The growth in the historic period can be attributed to globalization, the emergence of IoT, demand for real-time visibility, advancements in cloud computing, and integration of big data analytics.

The connected logistics market size is expected to see rapid growth in the next few years. It will grow to $48.31 billion in 2028 at a compound annual growth rate (CAGR) of 14.2%. The growth in the forecast period can be attributed to the adoption of blockchain technology, the proliferation of autonomous vehicles, the increasing focus on sustainability, the rise of predictive analytics, and the expansion of smart cities. Major trends in the forecast period include enhanced cybersecurity measures, growth of edge computing, increased use of robotics and automation, expansion of 5G networks, and rise of digital twins.

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Connected Logistics Market Major Segments
The connected logistics market covered in this report is segmented -
1) By Component: Hardware, Solutions, Services
2) By Transportation: Roadways, Railways, Airways, Maritime
3) By Application: Inventory Tracking, Optimized Warehousing, Real-Time Fleet Management, Predictive Maintenance, Cargo Integrity Monitoring, End-To-End Delivery Tracking, Other Applications
4) By End-Use Industries: Automotive, Healthcare And Pharmaceuticals, Oil And Gas, Food And Beverage, Aerospace And Defense, Manufacturing, Information Technology (IT) And Telecommunication, Retail And E-Commerce, Other End-Use Industries

Key Driver - Increasing IoT Devices Drive Growth In Connected Logistics Market

The increasing exposure of IoT connecting devices is expected to propel the connected logistics market going forward. Internet of Things (IoT) refers to the network of interconnected devices that can communicate and exchange data over the Internet. It is driven by the growing demand for interconnectedness, efficiency, and automation across various industries and daily activities. IoT connecting logistics devices enable real-time shipment tracking, optimize route planning, monitor vehicle conditions, enhance inventory management, and streamline supply chain operations, leading to increased efficiency, reduced costs, and improved customer satisfaction. For instance, in November 2022, according to a report published by Ericsson, a Sweden-based telecommunications company, IoT connections worldwide were projected to amount to 15.7 billion connections in 2023. Moreover, the number is projected to reach nearly 38.9 billion in 2029 at a growth rate of 16%. Therefore, the increasing exposure of IoT connecting devices is driving the growth of the connected logistics market.

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Prominent Trend - Cloud-Based Solutions Revolutionizing Connected Logistics to Streamline Global Supply Chains

Major companies operating in the connected logistics market are focused on developing advanced solutions such as cloud-based services, to enhance global supply chain efficiency. It plays a crucial role in connected logistics by providing scalable, accessible, and centralized platforms for data storage, processing, and analysis, facilitating real-time decision-making and collaboration across the supply chain. For instance, in December 2023, Fujitsu Limited, a Japan-based information and communications technology equipment and services provider, launched a cloud-based logistics data standardization and visualization service for shippers, logistics firms, and supply chain vendors, providing innovative tools to promote sustainability, tackle challenges such as driver shortages, carbon emissions reduction, and compliance with industry regulations. This service offers automated data conversion to comply with logistics information standard guidelines, functions to connect, transform, and store various logistics data, and visualization and analysis tools through logistics KPIs. The new service aims to facilitate inter-company collaboration, optimize the supply chain, and address challenges such as driver shortages and reducing energy consumption through shared vehicle use.

Connected Logistics Market Players
Major companies operating in the connected logistics market are Microsoft Corporation, AT&T Inc, DHL International GmbH, Robert Bosch GmbH, FedEx Corporation, Huawei Technologies, Amazon Web Services, Siemens, Intel Corporation, International Business Machines Corporation, Cisco System Inc., Oracle Corporation, Honeywell International Inc., SAP SE, TATA Consulting Services Ltd, NEC Corporation, Nippon Express Co. Ltd., Infosys Limited, HCL Technology Limited, Xpo Logistics Inc., Hexagon AB, Senko Group Holdings Co., Ltd, Yusen Logistics Co. Ltd., Trimble, Orbcomm, Eurotech Group, Freightgate Inc.

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Largest And Fastest Growing Region In The Market
North America was the largest region in the connected logistics market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the connected logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Connected Logistics Market Report Structure
3. Connected Logistics Market Trends And Strategies
4. Connected Logistics Market - Macro Economic Scenario
5. Connected Logistics Market Size And Growth
…..
27. Connected Logistics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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