Connected Logistics Market: Opportunities, Key Trends, and Growth by 2024
Delve into the connected logistics market, exploring IoT applications, supply chain efficiencies, and technological advancements transforming logistics operations.
The study of the global Connected Logistics Market is presented in the report, which is a thoroughly researched presentation of the data. The analysis delves into some of the key facets of the global Connected Logistics Market and shows how drivers like pricing, competition, market dynamics, regional growth, gross margin, and consumption will affect the market’s performance. A thorough analysis of the competitive landscape and in-depth company profiles of the top players in the Connected Logistics Market are included in the study. It provides a summary of precise market data, including production, revenue, market value, volume, market share, and growth rate.
The best investment markers are insights into the most prominent market trends, which help potential participants make decisions even easier. The research aims to discover the numerous growth chances that readers may take into consideration and take advantage of using all the necessary information. The market growth over the coming years can be predicted with greater accuracy by carefully examining the important growth-influencing aspects including pricing, production, profit margins, and value chain analyses.
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Market Summary:
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.
The Connected Logistics Market has grown significantly due to factors such as increased product demand, an expanding client base, and technological advancements. This report provides a comprehensive overview of the industry, covering market size, trends, key drivers and challenges, competition dynamics, and potential growth opportunities. Recent Industry Developments:
- 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.
Key Players:
- 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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Market Overview:
- Current Market Trends: Analysis of the latest developments shaping the market landscape.
- Segmentation Analysis: Breakdown of the market by key segments and regional dynamics.
- Pricing Strategy Evaluation: In-depth examination of pricing trends within the industry.
- COVID-19 Impact Assessment: Exploration of how the pandemic has affected market behaviors and trends.
- Market Projections: Forecasting future market growth and potential shifts.
Key Report Highlights:
- Insight into the primary growth drivers and challenges facing the market.
- An extensive review of regional advancements and their implications.
- A compilation of leading industry players and their market positions.
- Strategies employed by significant market participants.
- Updates on recent industry movements, including product launches and mergers.
- Analysis of factors that may restrict growth and the regional market presence affecting trends beyond 2032.
This market research report is meticulously crafted to deliver a thorough understanding of the industry’s trajectory, equipping businesses with the insights necessary for strategic decision-making. The Connected Logistics Market Report spans over 130+ pages and includes a detailed table of contents featuring figures, tables, graphs, and comprehensive analysis.
Table of Contents:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Key Insights
- Industry Developments (Mergers, Acquisitions, Partnerships)
- Porter’s Five Forces Analysis
- SWOT Analysis
- Technological Innovations
- Value Chain Analysis
- TOC Continued…
This study presents a detailed view of the market landscape, categorized by sub-regions and countries. It identifies potential profit avenues, alongside market share and growth forecasts for each geographical area.
Segmentation of this report:
Connected Logistics Market Size, Share & 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, 2019-2032
#Drivers & 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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