Global Connected Logistics Market to Reach $67.96 Billion by 2027

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Sep 16, 2022, 14:15 ET

DUBLIN, Sept. 16, 2022 /PRNewswire/ -- The "Connected Logistics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

The global connected logistics market reached a value of US$ 25.55 Billion in 2021. Looking forward, the publisher expects the market to reach a value of US$ 67.96 Billion by 2027, exhibiting a CAGR of 17.71% during 2021-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Connected logistics allow organizations to plan orders and shipments in advance and help them prevent delayed deliveries by providing shipment monitoring with real-time tracing and tracking.

It also offers geofencing, route optimization, fleet management, vehicle analytics, and security from theft, loss, or damage of shipments. Besides this, it helps forecast for predictable departure and arrival of shipments, improve operational efficiency, and enhance productivity by integrating multiple connected devices on a single interface. As a result, connected logistics find extensive applications in businesses across different industry verticals, such as automotive, healthcare, retail, manufacturing, and food and beverage (F&B).

Connected Logistics Market Trends:

The thriving information technology (IT) sector represents one of the key factors positively influencing the market. Moreover, conventional logistics cycles do not have transparency and clarity as the logistics workflow relies on historical information for ongoing transportation and delivery processes.

As a result, there are differences between the estimates about fuel prices, route choices, and other aspects. However, connected logistics integrates radio frequency identification (RFID) chips and the internet of things (IoT) devices in carriage trucks, shipments, and individual product units. The data generated from these devices enables organizations to know the exact location and condition of the loads.

Additionally, they can interpret the transportation and shipping prices in the market before they select their freight forwarders for overseas shipping, which increases the overall visibility and transparency in logistics. Apart from this, factors, including storage space, the correct placement of stock, and the number of laborers required can be predetermined using connected logistics. This, coupled with the rising adoption of cloud-based solutions and the increasing digitalization in businesses across the globe, is stimulating the market growth.

Key Market Segmentation

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

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

5 Global Connected Logistics Market

6 Market Breakup by Component

7 Market Breakup by Software

8 Market Breakup by Technology

9 Market Breakup by Devices

10 Market Breakup by Transportation Mode

11 Market Breakup by End Use Industry

12 Market Breakup by Region

13 SWOT Analysis

14 Value Chain Analysis

15 Porters Five Forces Analysis

16 Price Analysis

17 Competitive Landscape

Companies Mentioned

AT&T Inc.
Cisco Systems Inc.
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.

For more information about this report visit https://www.researchandmarkets.com/r/ie1vwt

Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]

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SOURCE Research and Markets