Press release
Global IoT-based Cold Chain Monitoring Solution Market Poised for Remarkable Growth in 2024: Dynamics and Projections Explored
As the world becomes increasingly interconnected and digital, the global IoT-based cold chain monitoring solution market is set to experience unprecedented growth in 2024. This surge is driven by a confluence of technological advancements, evolving consumer demands, and a heightened focus on supply chain integrity and efficiency.The major global manufacturers of IoT-based Cold Chain Monitoring Solution include Sensitech, Emerson, Orbcomm, M2Cloud, OMEGA Engineering, Elpro, TempTrip, Testo, Monnit, Berlinger, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.
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Key Drivers of Market Growth
1. Technological Advancements: The rapid evolution of Internet of Things (IoT) technologies, including the integration of advanced sensors, real-time data analytics, and artificial intelligence, is revolutionizing cold chain monitoring. These innovations enable precise temperature and humidity tracking, ensuring the quality and safety of temperature-sensitive goods.
2. Rising Demand for Perishable Goods: With the global rise in demand for fresh produce, pharmaceuticals, and other perishable goods, there is an increasing need for efficient cold chain management. IoT-based solutions offer enhanced visibility and control, addressing the challenges of maintaining the integrity of perishable goods throughout the supply chain.
3. Regulatory Compliance: Stringent regulations and standards governing the transportation and storage of temperature-sensitive products are compelling businesses to adopt advanced cold chain monitoring solutions. Compliance with these regulations not only ensures product safety but also helps in avoiding costly penalties and recalls.
4. Sustainability Initiatives: As businesses and consumers alike place a greater emphasis on sustainability, IoT-based solutions contribute to reducing waste and improving energy efficiency within the cold chain. Real-time monitoring allows for proactive adjustments, minimizing energy consumption and environmental impact.
Market Projections
Industry experts forecast robust growth for the IoT-based cold chain monitoring solution market in 2024. According to recent reports, the market is expected to witness a compound annual growth rate (CAGR) of [X%] during this period. The expansion is anticipated to be driven by increased investments in IoT infrastructure, growing adoption across various sectors, and the rising need for end-to-end visibility in the cold chain.
Challenges and Opportunities
While the market outlook is positive, it is not without challenges. Key considerations include the high initial investment required for IoT infrastructure and the need for robust cybersecurity measures to protect sensitive data. However, these challenges also present opportunities for innovation and growth, as companies develop solutions to address these issues and enhance the overall efficacy of cold chain monitoring.
The global IoT-based cold chain monitoring solution market is on the brink of significant expansion in 2024, driven by technological advancements, regulatory demands, and the growing need for efficient supply chain management. As the market continues to evolve, businesses that leverage these cutting-edge solutions will be well-positioned to enhance their operational efficiency, ensure product quality, and achieve greater sustainability.
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Table of Contents
"1 IoT-based Cold Chain Monitoring Solution Market Overview
1.1 Product Definition
1.2 IoT-based Cold Chain Monitoring Solution by Type
1.2.1 Global IoT-based Cold Chain Monitoring Solution Market Value by Type (2019-2030)
1.2.2 Software
1.2.3 Equipment
1.2.4 Services
1.3 IoT-based Cold Chain Monitoring Solution by Application
1.3.1 Global IoT-based Cold Chain Monitoring Solution Market Value by Application 2019-2030)
1.3.2 Food
1.3.3 Pharmaceutical
1.4 Global IoT-based Cold Chain Monitoring Solution Revenue (2019-2030)
1.5 Assumptions and Limitations
1.6 Study Objectives
1.7 Years Considered
2 Key Insights
2.1 Key Emerging Trends
2.2 Key Developments - Mergers Acquisitions, New Product Launches, Collaborations, Partnerships and Joint Ventures
2.3 Latest Technological Advancements
2.4 Insights on Regulatory Scenarios
2.5 Porters Five Forces Analysis
3 Manufacturers Competitive Analysis
3.1 Global IoT-based Cold Chain Monitoring Solution Revenue by Manufacturer (2019-2024)
3.2 IoT-based Cold Chain Monitoring Solution Company Evaluation Quadrant
3.3 Industry Rank
3.3.1 Global Key Players of IoT-based Cold Chain Monitoring Solution, Industry Ranking, 2022 VS 2023
3.3.2 Global IoT-based Cold Chain Monitoring Solution Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3.3 Global IoT-based Cold Chain Monitoring Solution Market Concentration Rate
3.3.4 Global 5 and 10 Largest IoT-based Cold Chain Monitoring Solution Players Market Share by Revenue
3.4 IoT-based Cold Chain Monitoring Solution Market: Overall Company Footprint Analysis
3.4.1 IoT-based Cold Chain Monitoring Solution Market: Region Footprint
3.4.2 IoT-based Cold Chain Monitoring Solution Market: Company Product Type Footprint
3.4.3 IoT-based Cold Chain Monitoring Solution Market: Company Product Application Footprint
3.4.4 Global Key Manufacturers of IoT-based Cold Chain Monitoring Solution, Date of Enter into This Industry
3.5 Competitive Environment
3.5.1 Historical Structure of the Industry
3.5.2 Barriers of Market Entry
3.5.3 Factors of Competition
4 Manufacturers Profiles
4.1 Sensitech
4.1.1 Sensitech Company Details
4.1.2 Sensitech Business Overview
4.1.3 Sensitech IoT-based Cold Chain Monitoring Solution Introduction
4.1.4 Sensitech Revenue in IoT-based Cold Chain Monitoring Solution Business (2019-2024)
4.1.5 Sensitech Recent Development
4.2 Emerson
4.2.1 Emerson Company Details
4.2.2 Emerson Business Overview
4.2.3 Emerson IoT-based Cold Chain Monitoring Solution Introduction
4.2.4 Emerson Revenue in IoT-based Cold Chain Monitoring Solution Business (2019-2024)
4.2.5 Emerson Recent Development
4.3 Orbcomm
4.3.1 Orbcomm Company Details
4.3.2 Orbcomm Business Overview
4.3.3 Orbcomm IoT-based Cold Chain Monitoring Solution Introduction
4.3.4 Orbcomm Revenue in IoT-based Cold Chain Monitoring Solution Business (2019-2024)
4.3.5 Orbcomm Recent Development
4.4 M2Cloud
4.4.1 M2Cloud Company Details
4.4.2 M2Cloud Business Overview
4.4.3 M2Cloud IoT-based Cold Chain Monitoring Solution Introduction
4.4.4 M2Cloud Revenue in IoT-based Cold Chain Monitoring Solution Business (2019-2024)
4.4.5 M2Cloud Recent Development
4.5 OMEGA Engineering
4.5.1 OMEGA Engineering Company Details
4.5.2 OMEGA Engineering Business Overview
4.5.3 OMEGA Engineering IoT-based Cold Chain Monitoring Solution Introduction
4.5.4 OMEGA Engineering Revenue in IoT-based Cold Chain Monitoring Solution Business (2019-2024)
4.5.5 OMEGA Engineering Recent Development
4.6 Elpro
4.6.1 Elpro Company Details
4.6.2 Elpro Business Overview
4.6.3 Elpro IoT-based Cold Chain Monitoring Solution Introduction
4.6.4 Elpro Revenue in IoT-based Cold Chain Monitoring Solution Business (2019-2024)
4.6.5 Elpro Recent Development
4.7 TempTrip
4.7.1 TempTrip Company Details
4.7.2 TempTrip Business Overview
4.7.3 TempTrip IoT-based Cold Chain Monitoring Solution Introduction
4.7.4 TempTrip Revenue in IoT-based Cold Chain Monitoring Solution Business (2019-2024)
4.7.5 TempTrip Recent Development
4.8 Testo
4.8.1 Testo Company Details
4.8.2 Testo Business Overview
4.8.3 Testo IoT-based Cold Chain Monitoring Solution Introduction
4.8.4 Testo Revenue in IoT-based Cold Chain Monitoring Solution Business (2019-2024)
4.8.5 Testo Recent Development
4.9 Monnit
4.9.1 Monnit Company Details
4.9.2 Monnit Business Overview
4.9.3 Monnit IoT-based Cold Chain Monitoring Solution Introduction
4.9.4 Monnit Revenue in IoT-based Cold Chain Monitoring Solution Business (2019-2024)
4.9.5 Monnit Recent Development
4.10 Berlinger
4.10.1 Berlinger Company Details
4.10.2 Berlinger Business Overview
4.10.3 Berlinger IoT-based Cold Chain Monitoring Solution Introduction
4.10.4 Berlinger Revenue in IoT-based Cold Chain Monitoring Solution Business (2019-2024)
4.10.5 Berlinger Recent Development
4.11 Dusun IoT
4.11.1 Dusun IoT Company Details
4.11.2 Dusun IoT Business Overview
4.11.3 Dusun IoT IoT-based Cold Chain Monitoring Solution Introduction
4.11.4 Dusun IoT Revenue in IoT-based Cold Chain Monitoring Solution Business (2019-2024)
4.11.5 Dusun IoT Recent Development
4.12 Velvetech
4.12.1 Velvetech Company Details
4.12.2 Velvetech Business Overview
4.12.3 Velvetech IoT-based Cold Chain Monitoring Solution Introduction
4.12.4 Velvetech Revenue in IoT-based Cold Chain Monitoring Solution Business (2019-2024)
4.12.5 Velvetech Recent Development
4.13 GND Solutions
4.13.1 GND Solutions Company Details
4.13.2 GND Solutions Business Overview
4.13.3 GND Solutions IoT-based Cold Chain Monitoring Solution Introduction
4.13.4 GND Solutions Revenue in IoT-based Cold Chain Monitoring Solution Business (2019-2024)
4.13.5 GND Solutions Recent Development
4.14 Dickson Data
4.14.1 Dickson Data Company Details
4.14.2 Dickson Data Business Overview
4.14.3 Dickson Data IoT-based Cold Chain Monitoring Solution Introduction
4.14.4 Dickson Data Revenue in IoT-based Cold Chain Monitoring Solution Business (2019-2024)
4.14.5 Dickson Data Recent Development
4.15 Lanner Electronics
4.15.1 Lanner Electronics Company Details
4.15.2 Lanner Electronics Business Overview
4.15.3 Lanner Electronics IoT-based Cold Chain Monitoring Solution Introduction
4.15.4 Lanner Electronics Revenue in IoT-based Cold Chain Monitoring Solution Business (2019-2024)
4.15.5 Lanner Electronics Recent Development
4.16 Sonicu
4.16.1 Sonicu Company Details
4.16.2 Sonicu Business Overview
4.16.3 Sonicu IoT-based Cold Chain Monitoring Solution Introduction
4.16.4 Sonicu Revenue in IoT-based Cold Chain Monitoring Solution Business (2019-2024)
4.16.5 Sonicu Recent Development
4.17 Controlant
4.17.1 Controlant Company Details
4.17.2 Controlant Business Overview
4.17.3 Controlant IoT-based Cold Chain Monitoring Solution Introduction
4.17.4 Controlant Revenue in IoT-based Cold Chain Monitoring Solution Business (2019-2024)
4.17.5 Controlant Recent Development
4.18 Rotronic
4.18.1 Rotronic Company Details
4.18.2 Rotronic Business Overview
4.18.3 Rotronic IoT-based Cold Chain Monitoring Solution Introduction
4.18.4 Rotronic Revenue in IoT-based Cold Chain Monitoring Solution Business (2019-2024)
4.18.5 Rotronic Recent Development
4.19 Nietzsche Enterprise
4.19.1 Nietzsche Enterprise Company Details
4.19.2 Nietzsche Enterprise Business Overview
4.19.3 Nietzsche Enterprise IoT-based Cold Chain Monitoring Solution Introduction
4.19.4 Nietzsche Enterprise Revenue in IoT-based Cold Chain Monitoring Solution Business (2019-2024)
4.19.5 Nietzsche Enterprise Recent Development
4.20 Signatrol
4.20.1 Signatrol Company Details
4.20.2 Signatrol Business Overview
4.20.3 Signatrol IoT-based Cold Chain Monitoring Solution Introduction
4.20.4 Signatrol Revenue in IoT-based Cold Chain Monitoring Solution Business (2019-2024)
4.20.5 Signatrol Recent Development
4.21 LogTag Recorders
4.21.1 LogTag Recorders Company Details
4.21.2 LogTag Recorders Business Overview
4.21.3 LogTag Recorders IoT-based Cold Chain Monitoring Solution Introduction
4.21.4 LogTag Recorders Revenue in IoT-based Cold Chain Monitoring Solution Business (2019-2024)
4.21.5 LogTag Recorders Recent Development
4.22 Qingdao Haier Biomedical
4.22.1 Qingdao Haier Biomedical Company Details
4.22.2 Qingdao Haier Biomedical Business Overview
4.22.3 Qingdao Haier Biomedical IoT-based Cold Chain Monitoring Solution Introduction
4.22.4 Qingdao Haier Biomedical Revenue in IoT-based Cold Chain Monitoring Solution Business (2019-2024)
4.22.5 Qingdao Haier Biomedical Recent Development
4.23 Hangzhou ZEDA Instruments
4.23.1 Hangzhou ZEDA Instruments Company Details
4.23.2 Hangzhou ZEDA Instruments Business Overview
4.23.3 Hangzhou ZEDA Instruments IoT-based Cold Chain Monitoring Solution Introduction
4.23.4 Hangzhou ZEDA Instruments Revenue in IoT-based Cold Chain Monitoring Solution Business (2019-2024)
4.23.5 Hangzhou ZEDA Instruments Recent Development
4.24 Duoxie Information Technologies
4.24.1 Duoxie Information Technologies Company Details
4.24.2 Duoxie Information Technologies Business Overview
4.24.3 Duoxie Information Technologies IoT-based Cold Chain Monitoring Solution Introduction
4.24.4 Duoxie Information Technologies Revenue in IoT-based Cold Chain Monitoring Solution Business (2019-2024)
4.24.5 Duoxie Information Technologies Recent Development
5 Analysis by Region
5.1 Global IoT-based Cold Chain Monitoring Solution Market Size by Region
5.1.1 Global IoT-based Cold Chain Monitoring Solution Revenue by Region: 2019 VS 2023 VS 2030
5.1.2 Global IoT-based Cold Chain Monitoring Solution Revenue by Region (2019-2024)
5.1.3 Global IoT-based Cold Chain Monitoring Solution Revenue by Region (2025-2030)
5.1.4 Global IoT-based Cold Chain Monitoring Solution Revenue Market Share by Region (2019-2030)
5.2 North America IoT-based Cold Chain Monitoring Solution Revenue (2019-2030)
5.3 Europe IoT-based Cold Chain Monitoring Solution Revenue (2019-2030)
5.4 Asia-Pacific IoT-based Cold Chain Monitoring Solution Revenue (2019-2030)
5.5 South America IoT-based Cold Chain Monitoring Solution Revenue (2019-2030)
5.6 Middle East & Africa IoT-based Cold Chain Monitoring Solution Revenue (2019-2030)
6 Market Scenario by Region & Country
6.1 Global IoT-based Cold Chain Monitoring Solution Revenue by Region & Country: 2019 Versus 2023 Versus 2030
6.2 Global IoT-based Cold Chain Monitoring Solution Revenue by Region & Country (2019-2030)
6.3 North America IoT-based Cold Chain Monitoring Solution Market Facts & Figures by Country
6.3.1 North America IoT-based Cold Chain Monitoring Solution Revenue by Country: 2019 VS 2023 VS 2030
6.3.2 North America IoT-based Cold Chain Monitoring Solution Revenue by Country (2019-2030)
6.3.3 United States
6.3.4 Canada
6.4 Europe IoT-based Cold Chain Monitoring Solution Market Facts & Figures by Country
6.4.1 Europe IoT-based Cold Chain Monitoring Solution Revenue by Country: 2019 VS 2023 VS 2030
6.4.2 Europe IoT-based Cold Chain Monitoring Solution Revenue by Country (2019-2030)
6.4.3 Germany
6.4.4 France
6.4.5 U.K.
6.4.6 Italy
6.4.7 Russia
6.5 Asia Pacific IoT-based Cold Chain Monitoring Solution Market Facts & Figures by Region
6.5.1 Asia Pacific IoT-based Cold Chain Monitoring Solution Market Size by Region: 2019 VS 2023 VS 2030
6.5.2 Asia Pacific IoT-based Cold Chain Monitoring Solution Revenue by Region (2019-2030)
6.5.3 China
6.5.4 Japan
6.5.5 South Korea
6.5.6 India
6.5.7 Australia
6.5.8 China Taiwan
6.5.9 Southeast Asia
6.6 South America IoT-based Cold Chain Monitoring Solution Market Facts & Figures by Country
6.6.1 South America IoT-based Cold Chain Monitoring Solution Market Size by Country: 2019 VS 2023 VS 2030
6.6.2 South America IoT-based Cold Chain Monitoring Solution Revenue by Country
6.6.3 Mexico
6.6.4 Brazil
6.6.5 Argentina
6.6.6 Colombia
6.7 Middle East and Africa IoT-based Cold Chain Monitoring Solution Market Facts & Figures by Country
6.7.1 Middle East and Africa IoT-based Cold Chain Monitoring Solution Market Size by Country: 2019 VS 2023 VS 2030
6.7.2 Middle East and Africa IoT-based Cold Chain Monitoring Solution Revenue by Country
6.7.3 Turkey
6.7.4 Saudi Arabia
6.7.5 UAE
7 Segment by Type
7.1 Global IoT-based Cold Chain Monitoring Solution Revenue by Type (2019-2024)
7.2 Global IoT-based Cold Chain Monitoring Solution Revenue by Type (2025-2030)
7.3 Global IoT-based Cold Chain Monitoring Solution Revenue Market Share by Type (2019-2030)
8 Segment by Application
8.1 Global IoT-based Cold Chain Monitoring Solution Revenue by Application (2019-2024)
8.2 Global IoT-based Cold Chain Monitoring Solution Revenue by Application (2025-2030)
8.3 Global IoT-based Cold Chain Monitoring Solution Revenue Market Share by Application (2019-2030)
9 Industry Chain and Sales Channels Analysis
9.1 IoT-based Cold Chain Monitoring Solution Industry Chain Analysis
9.2 IoT-based Cold Chain Monitoring Solution Key Raw Materials
9.2.1 Key Raw Materials
9.2.2 Raw Materials Key Suppliers
9.3 IoT-based Cold Chain Monitoring Solution Production Mode & Process
9.4 IoT-based Cold Chain Monitoring Solution Sales and Marketing
9.4.1 IoT-based Cold Chain Monitoring Solution Sales Channels
9.4.2 IoT-based Cold Chain Monitoring Solution Distributors
9.5 IoT-based Cold Chain Monitoring Solution Customers
10 Research Findings and Conclusion
11 Appendix
11.1 Research Methodology
11.1.1 Methodology/Research Approach
11.1.1.1 Research Programs/Design
11.1.1.2 Market Size Estimation
11.1.1.3 Market Breakdown and Data Triangulation
11.1.2 Data Source
11.1.2.1 Secondary Sources
11.1.2.2 Primary Sources
11.2 Author Details
11.3 Disclaimer
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