Connected Logistics Market Demand, Size, and Growth Outlook by 2024

The global connected logistics market size was valued at USD 14.49 billion in 2018 and is projected to grow worth USD 423.64 billion by 2032, growing at a CAGR of 23.7% during the forecast period. North America dominated the connected logistics market with a market share of 32.50% in 2018.

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Recent Industry developments of connected logistics market:

• Trimble signed an agreement to acquire Kuebix, one of the leading transportation management system (TMS) providers, to bring together its network of the private fleet and commercial carrier to customers. This acquisition will augment the former’s comprehensive transportation technology portfolio.
• Intel Corporation introduced the Intel Connected Logistics Platform, a cost-effective IoT solution, to enable users to monitor the asset’s location and condition in any environment throughout the supply chain.

Top Keyplayers of connected logistics market:

• AT&T Intellectual Property
• Robert Bosch GmbH
• Cisco Systems, Inc.
• Freightgate Inc.
• HCL Technologies Limited
• Honeywell International Inc
• IBM Corporation
• Infosys Limited
• Intel Corporation
• NEC Corporation
• One Network Enterprises
• ORBCOMM
• SAP SE
• SIGFOX
• Zebra Technologies Corp.

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Connected Logistics Market Segmentation

Connected Logistics Market Share, Size & Industry Analysis, By Component (Hardware, Solutions, Services), By Transportation Mode (Roadway, Railway, Airway, Seaway), By Vertical (Manufacturing, Automotive, Food and Beverages, Consumer Goods and Retail, Oil & Gas, Travel and Hospitality, Healthcare and Pharmaceuticals, and Others) and Regional Forecast Between, 2019-2032

Reasons to buy this report:

This report thoroughly examines the competitive dynamics, growth areas, market conditions, and trends in the connected logistics market. It assists businesses in identifying opportunities for growth and development while highlighting potential challenges and risks. Stakeholders are assisted in developing more informed investment and market strategies by the report’s assessment of product portfolios and business segments.

A thorough grasp of the industry dynamics outlined in the report can help develop successful success strategies in the connected logistics market and greatly improve decision-making. All things considered, this report is an excellent source of information for anyone wishing to learn more about this rapidly changing sector.

Key Report Highlights on the Connected Logistics Market:

• Market CAGR for the Forecast Period: Provides insights into the Compound Annual Growth Rate (CAGR) of the Connected Logistics Market from 2024 to 2032.
• Comprehensive Analysis of Growth Drivers: Offers a detailed evaluation of the key factors driving the growth of the Connected Logistics Market during the forecast period.
• Accurate Market Size and Share Estimates: Precise projections on the size and share of the Connected Logistics Market, underscoring its position within the larger market landscape.
• Forecasts on Emerging Trends and Consumer Behavior: Predicts future trends and shifts in consumer behavior relevant to the Connected Logistics Market.
• Regional Growth Analysis: Examines the growth of the Connected Logistics Market across key regions, including North America, Asia-Pacific (APAC), Europe, South America, the Middle East, and Africa.
• Competitive Landscape Overview: Detailed assessment of the competitive environment, offering insights into the key players within the Connected Logistics Market.
• Evaluation of Growth Barriers: Analyzes the challenges that may hinder the expansion of suppliers in the Connected Logistics Market.

Regional Atributes:

• North America (US and Canada)
• Europe (UK, Germany, France, Netherlands, and Rest of Europe)
• Asia Pacific (China, Japan, India, Southeast Asia and Rest of Asia Pacific)
• Middle East & Africa (GCC, South Africa and Rest of the Middle East & Africa)
• Latin America (Mexico, Brazil and Rest of Latin America)

Table of Contents:

• Introduction
  • Research Scope
  • Market Segmentation
  • Research Methodology
  • Definitions and Assumptions
• Executive Summary
• Market Dynamics
  • Market Drivers
  • Market Restraints
  • Market Opportunities
• Key Insights
  • Key Industry Developments – Merger, Acquisitions, and Partnerships
  • Porter’s Five Forces Analysis
  • SWOT Analysis
  • Technological Developments
  • Value Chain Analysis

TOC Continued…!

Connected Logistics Market Drivers and restrains:

• Drivers:
  • Technological Advancements: Innovations in IoT, AI, and big data analytics enhance connectivity and efficiency in logistics operations.
  • Increased Demand for Real-Time Tracking: The need for real-time visibility and tracking of shipments drives the adoption of connected logistics solutions.
  • Focus on Supply Chain Optimization: Companies are investing in connected logistics to improve supply chain efficiency, reduce costs, and enhance overall operational performance.
  • Growth of E-Commerce: The expansion of e-commerce requires advanced logistics solutions to manage high volumes of orders and ensure timely deliveries.
  • Regulatory Requirements: Compliance with regulatory requirements for transparency and reporting in logistics drives the need for connected solutions.
• Restraints:
  • High Implementation Costs: The initial investment in connected logistics technology, including sensors and software, can be significant.
  • Data Security Concerns: Increased connectivity raises concerns about data security and privacy, requiring robust protection measures.
  • Integration Challenges: Integrating new connected logistics solutions with existing systems can be complex and require significant technical expertise.
  • Dependence on Technology: Heavy reliance on technology can lead to disruptions if systems fail or experience technical issues.
  • Regulatory Compliance Issues: Adhering to varying regulations and standards across different regions can complicate the implementation of connected logistics solutions.

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