Global Connected Logistics Market Size, Share, and Forecast Analysis 2025-2029

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What Are the Connected Logistics Market Size Forecast for 2025?
There has been a swift expansion in the size of the connected logistics market in the past few years. Forecasts suggest it will surge from $28.33 billion in 2024 to $32.19 billion in 2025, showing a compound annual growth rate (CAGR) of 13.6%. This trajectory in the historical period is linked to the onset of globalization, the rise of IoT, the necessity for real-time visibility, progress in cloud computing and the incorporation of big data analytics.

What Is the Market Size Outlook for Connected Logistics Until 2029?
Anticipations are high for a swift expansion in the size of the connected logistics market in the coming years, with its worth expected to catapult to $52.32 billion by the year 2029, boasting a compound annual growth rate (CAGR) of 12.9%. The escalation projected in this period could be credited to the wide-scale adoption of blockchain technology, the multiplication of autonomous vehicles, an amplified focus on sustainability, the emergence of predictive analytics, and the enlargement of smart cities. Predominant trends predicted within this period encompass amplified cybersecurity initiatives, advancement in edge computing, enhanced utilization of robotics and automation, proliferation of 5G networks, and the advent of digital twins.

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What Are the Major Factors Driving Demand in the Connected Logistics Market?
The surge in the use of internet-connected devices is anticipated to drive the connected logistics market in the future. The Internet of Things (IoT), a network of interconnected devices capable of communication and data exchange over the internet, is triggering this trend. The burgeoning demand for interconnectivity, efficiency, and automation in various sectors and everyday life propels the use of IoT. It plays a fundamental role in logistics, facilitating real-time tracking of shipments, refining route planning, monitoring vehicle conditions, enhancing inventory management, and improving supply chain operations. Consequently, this leads to enhanced efficiency, lowered costs, and heightened customer satisfaction. For example, according to an Ericsson report released in November 2022, IoT connections globally are forecasted to reach 15.7 billion in 2023 and grow to an estimated 38.9 billion by 2029, projecting a growth rate of 16%. Hence, the rising prevalence of IoT connected devices is fueling growth in the connected logistics market.

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How Are End-Use Segments Shaping the Connected Logistics Market Outlook?
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

Subsegments:
1) By Hardware: Sensors, RFID Tags, GPS Devices, Communication Devices, Others (Drones, Cameras)
2) By Solutions: Fleet Management Software, Warehouse Management Systems (WMS), Supply Chain Visibility Platforms, Route Optimization Software, Inventory Management Solutions, Predictive Maintenance Solutions, Others
3) By Services: Integration Services, Consulting Services, Managed Services, Maintenance And Support Services, Data Analytics Services, Training And Support Services

What Are the Strategic Trends Transforming the Connected Logistics Market Landscape?
The key businesses involved in the connected logistics industry are concentrating their efforts on the advancement of sophisticated solutions like cloud-based services in order to improve the efficiency of the global supply chain. In this context, cloud-based services take on a vital role within connected logistics, offering highly scalable, accessible, and centralized platforms for data processing, storage, and analysis. This consequently enables collaboration and real-time decision-making across the supply chain. For example, Fujitsu Limited, a company based in Japan specializing in information and communications technology equipment and services, introduced a cloud-based service in December 2023. This service offers data standardization and visualization for various stakeholders in the supply chain, including shippers, logistics companies, and supply chain vendors. Innovative tools provided through this service aim to encourage sustainability, confront issues like driver shortages, reduce carbon emissions, and ensure adherence to sector regulations. This new service automates data conversion for consistency with logistics information standard guidelines and offers features for data connectivity, transformation, and storage. Additionally, logistics KPI visualization and analysis tools are included. The primary objective of this new service is to enable collaboration between companies, improve supply chain optimization, and address issues such as driver shortages and energy reduction achieved via shared vehicle use.

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Who Are the Prominent Companies in the Connected Logistics Market by ?
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, accenture*, 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.

Which Region Is Expected to See the Highest CAGR in the Connected Logistics Market?
North America was the largest region in the connected logistics market in 2024. 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.

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