Connected Logistics Market 2023 | Trends, Demand, Opportunity and Forecast by 2028

The latest report by IMARC Group, titled “Connected Logistics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028″. The global connected logistics market size reached US$ 30.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 74.0 Billion by 2028, exhibiting a growth rate (CAGR) of 16.35% during 2023-2028.

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.

Report Segmentation:

The report has segmented the market into the following categories:

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

Market 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

Competitive Landscape with Key Player:

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.

Explore full report with table of contents: https://www.imarcgroup.com/connected-logistics-market

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