Connected Logistics Market: Growth, Trends 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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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

Top Companies 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 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.

Reasons to buy this report:

This report provides a detailed analysis of the current market status, trends, growth segments, and competitive dynamics in the connected logistics market. It enables businesses to identify opportunities for growth and development while also highlighting potential challenges and risks. By evaluating business segments and product portfolios, the report enables stakeholders to make more informed market strategies and investments.

A thorough understanding of the industry dynamics outlined in the report can significantly improve decision-making and facilitate the development of effective success strategies in the connected logistics market. Overall, this report is an excellent resource for those seeking in-depth information about this rapidly changing industry.

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…!

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.

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