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Global Connected Logistics Market

Global Connected Logistics Market

Global Connected Logistics Market

Dublin, Sept. 12, 2022 (GLOBE NEWSWIRE) — The report “Connected Logistics Market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecast 2022-2027” has been added to from offer.

The global connected logistics market reached a value of US$25.55 billion in 2021. Looking ahead, the publisher expects the market to reach a value of US$67.96 billion. by 2027, posting a CAGR of 17.71% in 2021-2027. Keeping in mind the uncertainties of COVID-19, we continuously monitor and assess the direct and indirect influence of the pandemic on the various end-use industries. This information is included in the report as a major market contributor.

Connected logistics allows organizations to plan orders and shipments in advance and helps them avoid delivery delays by monitoring shipments with real-time tracking and tracing.

It also offers geofencing, route optimization, fleet management, vehicle analysis and security against theft, loss or damage to shipments. Additionally, it helps predict the predictable departure and arrival of shipments, improves operational efficiency, and improves productivity by integrating multiple connected devices into a single interface. As a result, connected logistics finds many applications in businesses across different verticals, such as automotive, healthcare, retail, manufacturing, and food and beverage (F&B).

Connected logistics market trends:

One of the major factors positively influencing the market is the booming information technology (IT) sector. Additionally, conventional logistics cycles lack transparency and clarity because the logistics workflow relies on historical information for ongoing transportation and delivery processes.

Therefore, there are differences between estimates regarding fuel prices, route choices and other aspects. However, connected logistics is integrating radio frequency identification (RFID) chips and Internet of Things (IoT) devices into transport trucks, shipments and individual product units. The data generated by these devices allows organizations to know the exact location and status of loads.

Additionally, they can interpret freight and shipping prices in the marketplace before selecting their freight forwarders to ship overseas, increasing overall logistics visibility and transparency. Apart from this, factors like storage space, correct placement of stock and number of workers required can be predetermined using connected logistics. This coupled with the growing adoption of cloud-based solutions and growing digitalization of businesses across the globe is driving the growth of the market.

Key market segmentation

Breakdown by component:

  • Material

  • Solutions

  • Services

Breakdown by software:

  • Asset Management

  • warehouse IoT

  • Security

  • Data management

  • Network management

  • Continuous analysis

Breakdown by technology:

  • Bluetooth

  • Cellular

  • Wireless

  • ZigBee

  • NFC

  • Satellite

Breakdown by devices:

  • Gateways

  • RFID tags

  • Sensor nodes

Breakdown by mode of transport:

  • Roadways

  • Railways

  • Airlines companies

  • Seaways

Breakdown by end-use industry:

  • Automotive

  • Manufacturing

  • oil and gas

  • IT and Telecom

  • Health care

  • IT and Telecommunications

  • Detail

  • Food and drink

  • Others

Breakdown by region:

  • North America

  • United States

  • Canada

  • Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Indonesia

  • Others

  • Europe

  • Germany

  • France

  • UK

  • Italy

  • Spain

  • Russia

  • Others

  • Latin America

  • Brazil

  • Mexico

  • Others

  • Middle East and Africa

Main topics covered:

1 Preface

2 Scope and methodology

3 Executive summary

4 Presentation

5 Global Connected Logistics Market

6 Market Breakdown by Component

7 Market Breakdown by Software

8 Market Breakdown by Technology

9 Market Breakdown by Devices

10 Market Breakdown by Mode of Transportation

11 Market Breakdown by End-Use Industry

12 Market Breakdown by Region

13 SWOT Analysis

14 Value chain analysis

15 Analysis of the five forces of carriers

16 Price Analysis

17 Competitive landscape

Companies cited

  • AT&T Inc.

  • Cisco Systems Inc.

  • Eurotech SpA

  • HCL Technologies Limited

  • Honeywell International Inc.

  • infosys limited

  • intel company

  • International Commercial Machinery Society

  • Microsoft Corporation

  • Oracle Corporation

  • SAP SE

  • Zebra Technologies Corporation.

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