Global Connected Logistics Market to Reach US$ 123.5 Billion by 2032, Propelled by the Easy Availability of Connected Logistics Solutions Possessing High Level of Interoperability, Accessibility and Security Features

February 21, 2023 | Transportation and Logistics

The latest report by IMARC, titled “Connected Logistics Market Report by Component (Hardware, Solutions, Services), Software (Asset Management, Warehouse IoT, Security, Data Management, Network Management, Streaming Analytics), Technology (Bluetooth, Cellular, Wi-Fi, ZigBee, NFC, Satellite), Devices (Gateways, RFID Tags, Sensor Nodes), Transportation Mode (Roadways, Railways, Airways, Seaways), End Use Industry (Automotive, Manufacturing, Oil and Gas, IT and Telecom, Healthcare, IT and Telecommunication, Retail, Food and Beverage, and Others), and Region 2024-2032”, finds that the global connected logistics market size reached US$ 35.0 Billion in 2023. Connected logistics refers to a number of platforms or software and hardware that help in gaining real-time information regarding the goods that are shipped through numerous modes of transportation, such as railways, roadways, seaways, and airways. It is used to share all relevant data and logistical information with supply chain partners to smoothen transportation procedures. Connected logistics assist companies in enhancing operational efficiency, real-time access, and improves productivity by integrating various connected platforms. In recent years, connected logistics have gained momentum as they are widely used in numerous industry verticals, such as healthcare, automotive, retail, manufacturing, and food and beverage (F&B).

Global Connected Logistics Market Trends:

One of the primary factors driving the market is the easy availability of connected logistics solutions possessing a high level of interoperability, accessibility, and security features. Additionally, the exponential growth in intelligent transportation solutions is creating a positive market outlook. Other than this, the necessity to minimize the cost of shipping and storage services is positively influencing the market growth. Besides this, constant technological upgradations in confluence with the growing trend of online shopping are escalating the product adoption rate. In line with this, the exponential growth in the information technology (IT) sector and increasing digitalization are other major growth-inducing factors. Furthermore, connected logistics integrate radio frequency identification (RFID) chips and the internet of things (IoT) devices in shipments, trucks, and individual product units. On account of these factors, IMARC Group expects the market value to reach US$ 123.5 Billion by 2032, expanding at a CAGR of 14.74% during the forecast period (2024-2032).

Market Summary:

Based on the component, the market has been divided into hardware, solutions, and services.
On the basis of the software, the market has been segmented into asset management, warehouse Iot, security, data management, network management, and streaming analytics.
Based on technology, the market has been segregated into Bluetooth, cellular, wi-fi, Zigbee, NFC, and satellite.
On the basis of the devices, the market has been categorized into gateways, RFID tags, and sensor nodes.
Based on the transportation mode, the market has been divided into roadways, railways, airways, and seaways.
On the basis of the end use industry, the market has been segregated into automotive, manufacturing, oil and gas, IT and telecom, healthcare, and IT and telecommunication, retail, food and beverage, and others.
Region-wise, the market has been classified into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
The competitive landscape of the market has also been analyzed, with some 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	2023
Historical Period	2018-2023
Forecast Period	2024-2032
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$ 3899 Five User License: US$ 4899 Corporate License: US$ 5899
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)

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Global Connected Logistics Market to Reach US$ 123.5 Billion by 2032, Propelled by the Easy Availability of Connected Logistics Solutions Possessing High Level of Interoperability, Accessibility and Security Features

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