Press release
Smart Labelling in Logistics Market Report, Size, Share, Growth, Trends, Industry Forecast to 2033
Smart Labelling in Logistics Market
The new report published by The Business Research Company, titled Smart Labelling In Logistics Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.
As per the report, the smart labelling in logistics market size has grown strongly in recent years. It will grow from $6.37 billion in 2023 to $6.74 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The smart labelling in logistics market size is expected to see strong growth in the next few years. It will grow to $8.44 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%.
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What Is Driving The Growth Of The Global Smart Labelling In Logistics Market?
The Impact Of Internet Of Things (IoT) Integration On The Growth Of Smart Labels In The Logistics Market
The expansion of Internet of Things (IoT) integration is expected to propel the growth of smart labels in the logistics market going forward. IoT integration refers to the process of connecting and coordinating Internet of Things (IoT) devices and systems to enable seamless data exchange and automation. The increase in IoT integration is due to several factors, such as advancements in technology, increasing connectivity, reduced costs of IoT devices, and the growing demand for smart solutions across various industries. Smart labels in logistics enhance IoT integration by providing real-time data and seamless connectivity for tracking, monitoring, and managing goods throughout the supply chain. For instance, in September 2022, according to a report published by Ericsson, a Sweden-based telecommunications company, global IoT connections reached 13.2 billion connections in 2022 and are expected to increase by 18% to 34.7 billion connections by 2028. Therefore, the expansion of Internet of Things (IoT) integration will drive the growth of smart labels in the logistics market.
What Is The Key Trend In The Global Smart Labelling In Logistics Market?
Advancements In Smart Labels Enhances Supply Chain Efficiency And Accuracy
Major companies operating in the smart labels in the logistics market are focusing on developing advanced solutions such as unified visibility platform-based labeling to improve supply chain efficiency and accuracy. Unified visibility platform-based labeling refers to a system that integrates and provides comprehensive, real-time tracking and management of goods across the supply chain through a single, unified interface. For instance, in May 2024, Roambee Corporation, a US-based supply chain visibility and intelligence provider, launched a 5G global positioning system (GPS) smart label with a peel-and-ship design measuring 4 inches by 6 inches. This advanced label utilizes 5G technology, GPS, and sensors calibrated by the National Institute of Standards and Technology (NIST) to monitor environmental factors including temperature, humidity, shock, and light, providing exceptional real-time visibility for shipments. It functions similarly to a barcode, allowing users to easily scan the label for shipment information without requiring complex infrastructure such as printers. The smart label seamlessly integrates with Roambee's unified visibility platform, delivering accurate insights into the estimated time of arrival (ETA), shipment quality, and security throughout the entire supply chain.
How Is The Global Smart Labelling In Logistics Market Segmented?
The smart labelling in logistics market covered in this report is segmented -
1) By Product: Radio Frequency Identification (RFID) Labels, Near Field Communication (NFC) Labels, Electronic Shelf Labels (ESL), Other Products
2) By Component: Hardware, Software, Services
3) By Deployment Type: Cloud-Based, On-Premises
4) By Company Size: Small And Medium-Sized Enterprises (SMEs), Large Enterprises
5) By Application: Inventory Management, Asset Tracking, Parcel Tracking And Delivery, Cold Chain Monitoring, Other Applications
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How Is The Competitive Landscape Of The Global Smart Labelling In Logistics Market?
Major companies operating in the smart labelling in logistics market are Oracle Corporation, Honeywell International Inc., 3M Company, NXP Semiconductors N.V., Avery Dennison Corporation, Zebra Technologies Corporation, CCL Industries Inc., Toshiba Tec Corporation, Cognex Corporation, Sato Holdings Corporation, Checkpoint Systems Inc., Mimaki Engineering Co. Ltd., Impinj Inc., Identiv Inc., Barcodes Inc., Alien Technology LLC., Roambee Services Private Limited, William Frick & Company, Scanbuy Inc., Thin Film Electronics ASA, SMARTRAC TECHNOLOGY GmbH, KSW Microtec AG, Invengo Information Technology Co. Ltd, TSC Auto ID Technology Co. Ltd.
Contents Of The Global Smart Labelling In Logistics Market
1. Executive Summary
2. Smart Labelling In Logistics Market Report Structure
3. Smart Labelling In Logistics Market Trends And Strategies
4. Smart Labelling In Logistics Market - Macro Economic Scenario
5. Smart Labelling In Logistics Market Size And Growth
…..
27. Smart Labelling In Logistics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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