The global connected logistics market size reached US$ 30.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 74.0 Billion by 2028, exhibiting a growth rate (CAGR) of 16.35% during 2023-2028.
Connected logistics allow organizations to plan orders and shipments in advance and help them prevent delayed deliveries by providing shipment monitoring with real-time tracing and tracking. It also offers geofencing, route optimization, fleet management, vehicle analytics, and security from theft, loss, or damage of shipments. Besides this, it helps forecast for predictable departure and arrival of shipments, improve operational efficiency, and enhance productivity by integrating multiple connected devices on a single interface. As a result, connected logistics find extensive applications in businesses across different industry verticals, such as automotive, healthcare, retail, manufacturing, and food and beverage (F&B).
Connected Logistics Market Trends:
The thriving information technology (IT) sector represents one of the key factors positively influencing the market. Moreover, conventional logistics cycles do not have transparency and clarity as the logistics workflow relies on historical information for ongoing transportation and delivery processes. As a result, there are differences between the estimates about fuel prices, route choices, and other aspects. However, connected logistics integrates radio frequency identification (RFID) chips and the internet of things (IoT) devices in carriage trucks, shipments, and individual product units. The data generated from these devices enables organizations to know the exact location and condition of the loads. Additionally, they can interpret the transportation and shipping prices in the market before they select their freight forwarders for overseas shipping, which increases the overall visibility and transparency in logistics. Apart from this, factors, including storage space, the correct placement of stock, and the number of laborers required can be predetermined using connected logistics. This, coupled with the rising adoption of cloud-based solutions and the increasing digitalization in businesses across the globe, is stimulating the market growth.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global connected logisticsmarket report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, software, technology, devices, transportation mode and end use industry.
Breakup by Component:
Hardware
Solutions
Services
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Breakup by Software:
Asset Management
Warehouse IoT
Security
Data Management
Network Management
Streaming Analytics
Breakup by Technology:
Bluetooth
Cellular
Wi-Fi
ZigBee
NFC
Satellite
Breakup by Devices:
Gateways
RFID Tags
Sensor Nodes
Breakup by Transportation Mode:
Roadways
Railways
Airways
Seaways
Breakup by End Use Industry:
Automotive
Manufacturing
Oil and Gas
IT and Telecom
Healthcare
IT and Telecommunication
Retail
Food and Beverage
Others
Breakup by Region:
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North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being AT&T Inc., Cisco Systems Inc., Eurotech S.p.A., HCL Technologies Limited, Honeywell International Inc., Infosys Limited, Intel Corporation, International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, SAP SE and Zebra Technologies Corporation.
Report Coverage:
Report Features
Details
Base Year of the Analysis
2022
Historical Period
2017-2022
Forecast Period
2023-2028
Units
US$ Billion
Segment Coverage
Component, Software, Technology, Devices, Transportation Mode, End Use Industry, Region
Region Covered
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered
AT&T Inc., Cisco Systems Inc., Eurotech S.p.A., HCL Technologies Limited, Honeywell International Inc., Infosys Limited, Intel Corporation, International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, SAP SE and Zebra Technologies Corporation
Customization Scope
10% Free Customization
Report Price and Purchase Option
Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support
10-12 Weeks
Delivery Format
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report
The global connected logistics market was valued at US$ 30.1 Billion in 2022.
We expect the global connected logistics market to exhibit a CAGR of
16.35% during 2023-2028.
The rising integration of connected logistics with RFID chips and IoT devices in carriage trucks, shipments, and individual product units, notifying the exact location and condition of the loads, is primarily driving the global connected logistics market.
The sudden outbreak of the COVID-19 pandemic has led to the increasing adoption of cloud-based solutions across several sectors to remotely plan shipments in advance and help in avoiding delayed deliveries by providing shipment monitoring with real-time tracing and tracking.
Based on the component, the global connected logistics market has been segmented into hardware, solutions, and services. Currently, solutions hold the majority of the total market share.
Based on the software, the global connected logistics market can be divided into asset management, warehouse IoT, security, data management, network management, and streaming analytics. Among these, asset management currently exhibits a clear dominance in the market.
Based on the technology, the global connected logistics market has been categorized into Bluetooth, cellular, Wi-Fi, ZigBee, NFC, and satellite. Currently, Bluetooth accounts for the majority of the global market share.
Based on the devices, the global connected logistics market can be segregated into gateways, RFID tags, and sensor nodes, where sensor nodes currently hold the largest market share.
Based on the transportation mode, the global connected logistics market has been bifurcated into roadways, railways, airways, and seaways. Among these, roadways exhibit a clear dominance in the market.
Based on the end use industry, the global connected logistics market can be segmented into automotive, manufacturing, oil and gas, healthcare, IT and telecommunication, retail, food and beverage, and others. Currently, the manufacturing industry holds the majority of the total market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global connected logistics market include AT&T Inc., Cisco Systems Inc., Eurotech S.p.A., HCL Technologies Limited, Honeywell International Inc., Infosys Limited, Intel Corporation, International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, SAP SE, and Zebra Technologies Corporation.
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