Competitive Landscape: Key Market Leaders and New Entrants in the Connected Logistics Sector

The connected logistics sector is on track for substantial expansion as technological advancements and increasing demand for seamless supply chain management continue to shape the industry. This market is evolving rapidly with innovations aimed at improving operational efficiency, transparency, and sustainability. Below, we explore the current market size projections, key players, driving trends, and major segments defining the connected logistics landscape.

Projected Market Growth and Size of the Connected Logistics Market
The connected logistics market is set to experience significant growth, reaching a valuation of $57.36 billion by 2030. This growth corresponds to a compound annual growth rate (CAGR) of 11.8%, reflecting strong momentum. The rise can be linked to several factors such as AI-powered logistics optimization, investments in smart warehousing, eco-conscious logistics initiatives, autonomous delivery technologies, and the digitization of supply chains. Key trends expected to shape the market include widespread adoption of real-time supply chain visibility, the expansion of IoT-enabled fleet tracking systems, growing use of predictive analytics in logistics, increasing demand for complete end-to-end transparency, and broader integration of cloud logistics platforms.

Download a free sample of the connected logistics market report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14885&type=smp

Emerging and Influential Companies in the Connected Logistics Market
The connected logistics space features a range of prominent players driving innovation and growth. Leading companies include 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, and Freightgate Inc.

Strategic Acquisition Strengthening Maersk's Position
In January 2023, Denmark-based integrated container logistics company A.P. Moller-Maersk (Maersk) expanded its service capabilities by acquiring Martin Bencher Group. Although the financial details were not disclosed, this deal enhances Maersk's ability to offer comprehensive project logistics services globally. It aligns with Maersk's integrator strategy, aiming to provide a wider range of logistics solutions across industries by leveraging the combined expertise of both companies. Martin Bencher Group specializes in connected logistics services and the design of end-to-end project logistics solutions, further strengthening Maersk's global logistics footprint.

View the full connected logistics market report:
https://www.thebusinessresearchcompany.com/report/connected-logistics-global-market-report

Current Trends Shaping the Connected Logistics Industry
Leading players in the connected logistics market are increasingly focused on deploying cloud-based technologies to optimize supply chain operations worldwide. Cloud platforms offer scalable, centralized access to data storage, processing, and analytics, enabling real-time decision-making and enhancing collaboration across the supply chain ecosystem. For example, in December 2023, Fujitsu Limited, a Japan-based ICT equipment and services provider, unveiled a cloud-based logistics data standardization and visualization service. This new offering is designed to support shippers, logistics companies, and supply chain vendors by promoting sustainability and addressing critical challenges such as driver shortages, carbon footprint reduction, and adherence to industry regulations.

Fujitsu's service automates the conversion of logistics data to meet standard guidelines while enabling connection, transformation, and storage of diverse logistics datasets. Additionally, it provides visualization and analytical tools utilizing key performance indicators (KPIs) to drive efficiency. This innovation aims to foster inter-company cooperation, optimize supply chain performance, and tackle pressing issues like energy consumption by encouraging shared vehicle use.

Detailed Segmentation of the Connected Logistics Market
The connected logistics market is categorized into several important segments for thorough analysis. These include:

1) By Component:
- Hardware
- Solutions
- Services

2) By Transportation Mode:
- Roadways
- Railways
- Airways
- Maritime

3) By Application Area:
- Inventory Tracking
- Optimized Warehousing
- Real-Time Fleet Management
- Predictive Maintenance
- Cargo Integrity Monitoring
- End-To-End Delivery Tracking
- Other Applications

4) By End-Use Industry:
- Automotive
- Healthcare and Pharmaceuticals
- Oil and Gas
- Food and Beverage
- Aerospace and Defense
- Manufacturing
- Information Technology and Telecommunication
- Retail and E-Commerce
- Other Industries

Additional subcategories further break down the components:

By Hardware: Sensors, RFID tags, GPS devices, communication devices, as well as other technologies like drones and cameras.
By Solutions: Fleet management software, warehouse management systems (WMS), supply chain visibility platforms, route optimization software, inventory management solutions, predictive maintenance software, and others.
By Services: Integration, consulting, managed services, maintenance and support, data analytics, and training and support services.

This comprehensive segmentation provides a clear framework for understanding the varied facets of the connected logistics market and the opportunities present across different sectors and technologies.

Reach out to us:
The Business Research Company: https://www.thebusinessresearchcompany.com/,
Americas +1 310-496-7795,
Europe +44 7882 955267,
Asia & Others +44 7882 955267 & +91 8897263534,
Email us at info@tbrc.info.

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Learn More About The Business Research Company
With over 17500+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.