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We expect the global smart container market to exhibit a CAGR of 17.07% during 2022-2027
The rising requirement for efficient and secure shipping containers across numerous end-use industries such as, pharmaceutical, oil and gas, chemical, etc., as they provide real-time tracking and monitoring of the shipment, is primarily driving the global smart container market.
The sudden outbreak of the COVID-19 pandemic has led to the emergence of e-commerce platforms and the increasing utilization of smart containers in providing secured shipping of the essential items as well as in minimizing the spoilage of perishable items caused by temperature variations.
Based on the offering, the global smart container market has been divided into hardware, software, and services. Among these, hardware currently exhibits a clear dominance in the market.
Based on the vertical, the global smart container market can be categorized into food and beverages, pharmaceuticals, oil and gas, chemicals, and others. Currently, the food and beverage sector accounts for the largest 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 Europe currently dominates the global market.
Some of the major players in the global smart container market include Ambrosus, Globe Tracker, ApS., Nexiot AG, Orbcomm Inc., Phillips Connect Technologies LLC (R. A. Phillips Industries Inc.), Robert Bosch Manufacturing Solutions GmbH, Smart Containers Group AG, SeaLand (Maersk Group), Traxens, and Zillionsource Technologies Co. Ltd.
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