IMARC Group's report 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″. The global connected logistics market size reached US$ 35.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 123.5 Billion by 2032, exhibiting a growth rate (CAGR) of 14.74% during 2024-2032.
Connected logistics refers to the integration of advanced technologies like the Internet of Things (IoT), Artificial Intelligence (AI), and data analytics into traditional logistics operations. This approach aims to enhance the efficiency, transparency, and automation of the supply chain. By employing sensors, GPS, and real-time tracking, connected logistics systems can provide up-to-the-minute information on the location and status of shipments, inventory levels, and transportation conditions. Such real-time data enables businesses to make more informed decisions, reduce operational costs, and improve customer service. Currently, connected logistics is gaining immense traction across the globe due to its ability to improve supply chain visibility, operational efficiency, and customer satisfaction.
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Connected Logistics Market Trends and Drivers:
The global connected logistics market is primarily driven by the escalating need for enhanced supply chain visibility and efficiency that compels businesses to adopt connected logistics solutions. These solutions leverage IoT (Internet of Things) sensors and real-time tracking to monitor goods throughout the supply chain, reducing delays and improving overall logistics operations. Moreover, rising investments by companies in connected logistics to meet customer expectations owing to the rapid expansion of e-commerce and the increasing demand for faster, more accurate deliveries are positively influencing market growth. This includes last-mile delivery optimization, route planning, and inventory management, which are essential for a seamless customer experience. Furthermore, the ongoing development of 5G networks and advancements in edge computing that enhance the capabilities of connected logistics solutions, enabling real-time data processing and decision-making, is contributing to market growth.
Connected Logistics Market 2024-2032 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
ATT Inc. (NYSE:T)
Cisco Systems Inc. (NASDAQ: CSCO)
Eurotech S.p.A.
HCL Technologies Limited
Honeywell International Inc.
Infosys Limited
Intel Corporation
International Business Machines Corporation
Microsoft Corporation
Oracle Corporation
SAP SE
Zebra Technologies Corporation.
The report has segmented the market on the basis of Component, Software, Technology, Devices, Transportation Mode, End Use Industry and Region.
Breakup by Component:
Hardware
Solutions
Services
Breakup by Software:
Asset Management
Warehouse IoT
Security
Data Management
Network Management
Streaming Analytics
Breakup by Technology:
Bluetooth
Cellular
Wi-Fi
ZigBee
NFC
Satellite
Breakup by Devices:
Gateways
RFID Tags
Sensor Nodes
Breakup by Transportation Mode:
Roadways
Railways
Airways
Seaways
Breakup by End Use Industry:
Automotive
Manufacturing
Oil and Gas
IT and Telecom
Healthcare
IT and Telecommunication
Retail
Food and Beverage
Others
Breakup by Region:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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