Press release
The Connected Logistics Market is projected to reach $71.10 billion by 2030, growing at a CAGR of 18.1%.
Connected Logistics Market
Overview:
A system comprising interconnected gadgets fuelled by IoT solution providers is known as connected logistics. This system escalates the productivity of work in the logistics industry. Several constituents are involved in observing the directives, handling the assets, handling the fleets, and tracing the warehouse management. An escalation in business globally has activated sizeable growth in the other linked services. When commodity demand escalates, productive conveyance of those commodities becomes important. That causes a subsequent surge in the demand for escorting services. There is an escalating usage of IoT-propelled supply chain systems, particularly for temperature-susceptible commodities.
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Growth Factors and Opportunities:
Growing advancement of cloud-dependent technology such as logistics 4.0, Bluetooth 5, and IoT is expected to drive up the demand for connected logistics. Moreover, due to the escalation in functional productivity through adequate data exchange, these gadgets are being utilized in transportation and logistics, propelling the connected logistics market forward.
Key Participants:
Prominent market contenders are funding massively in R&D to augment their offerings which will assist the market to grow even more. Some of the major players participating in the connected logistics market are:
• AT&T Inc.
• IBM
• Intel Corporation
• SAP SE
• Infosys Ltd.
• Cisco Inc
• HCL Technologies Ltd
• ORBCOMM Corp
• EUROTECH Group
• Freightgate Corporation
• YUSEN LOGISTICS CO. LTD.
• NIPPON EXPRESS CO. LTD.
• SENKO Group Holdings Co. Ltd
• XPO Logistics Inc.
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Country-Wise Insights:
Connected Logistics Market, Regional Outlook (Revenue - USD Billion, 2018 - 2030)
• North America (U.S, Canada, Mexico)
• Asia-pacific (China, Japan, India, Australia, Rest of Asia- pacific)
• Europe (Germany, UK, France, Spain, Italy, Rest of Europe)
• LAMEA (Latin America, Middle east & Africa)
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Market Segmentation:
The connected logistics analysis is mainly based on component analysis, transportation, vertical, and region. Based on component analysis, the solutions segment witnessed the fastest growth. Also, according to transportation, the roadways segment holds a significant revenue share. The growing requirement to assemble and handle the flow of goods connected to buying, production and others. The demand is also being fuelled by escalating requirements for transportation solutions and the offering of appended value services in the roadway segment.
Connected Logistics Market, Component Analysis Outlook (Revenue - USD Billion, 2018 - 2030)
• Hardware
o Gateway
o RFID Tags
o Sensor Node
• Solutions
o Freight Management
o Fleet Management
o Warehouse Management
o Asset Tracking and Management
o Device Management
o Connectivity Management
o Others
• Service
o Professional Services
o Managed Services
Connected Logistics Market, Transportation Outlook (Revenue - USD Billion, 2018 - 2030)
• Roadways
• Railways
• Airways
• Maritime
Connected Logistics Market, Vertical Outlook (Revenue - USD Billion, 2018 - 2030)
• Manufacturing
• Automobiles
• Food and Beverage
• Consumer Goods & Retail
• Oil and Gas
• Tourism and Hospitality
• Pharmaceuticals
• Other Industries
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