December 31, 2020

Connected Logistics Market Poised to Expand at a Robust Pace Over 2019 – 2029

Global connected logistics market: Overview

Enterprise network mostly for logistics which supports hub operators and various others to monitor and manage traffic both inside as well as towards the hub is called as connected logistics. Connected Logistics technology can be defined as interconnected devices that today’s IoT solution providers and logistics render to boost the operating efficiency of many logistics tasks. Few connected logistics technologies such as warehouse management, fleet management tracking, monitoring, transportation, and other associated logistics operations, include order processing, financial transactions, dispatching, and shipping. In addition, connected logistics also establish communication among all parties involved although they don’t have direct connectivity. Apart from this, connected logistics also reduces emissions and environmental harms and delivers real-time information into the progress of transportation & logistics industry. Sensors and Connected devices are installed in movable containers and storage facilities so that it would be helpful to monitor and provide real-time information to supply chain management team. The data generated from these connected devices are large in size which requires the technologies such as RFID, sensors, bar codes and GPS

IoT (Internet of Things) is highly helpful for the connected logistics market as follows:-

  • Better asset management by emphasizing real-time product issues
  • Decrease in fuel costs by monitoring of fleet routes
  • Improved inventory management by reducing out-of-stock states.
  • Compliance management
  • Deeper insight into customer behavior and product usage.

Global connected logistics market: Drivers and Restraints

The key driving factors for global connected logistics market are the rapid rate of internet of things components including sensors, growing demand for cloud-based solutions and RFID and Internet ubiquity across the globe. Also, big data and analytics platform are another major factors which are driving the global connected logistics market. The macroeconomic factors which drive the global connected logistics market are changing the lifestyle of consumers, emerging economy and rapid rate of smart cities in emerging countries such as China, Brazil, and India. The growth of the global connected logistics market is also supported by the introduction of new application and cloud base solutions for the transportation and management of products, include tracking of goods, and movement of plane, trucks, and ship which carry them, and those products are connected with sensors. The key restraining factors of global connected logistics market are security issues, owing to rising cybercrime and network connectivity issues.

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Global connected logistics market: Segmentation

Global connected logistics market can be segmented based on end-use industry, transportation mode, software, platform, service, and region.

Global connected logistics market can be segmented on the end-use industry as follow:-

  • BFSI (Banking Financial Services and Insurance)
  • Retail and consumer packaged goods
  • Healthcare/Pharmaceuticals
  • telecom, media, and entertainment
  • Manufacturing
  • Travel & Hospitality
  • Energy, resources, and utilities.
  • Others

Global connected logistics market can be segmented on transportation mode as follow:-

  • Airway
  • Railway
  • Seaway
  • Roadway

Global connected logistics market can be segmented by service type as follow:-

  • Professional Service
  • Consulting service
  • Managed Service
  • Deployment and Integration service
  • Support and maintenance

Global connected logistics market can be segmented by software type as follow:-

  • Asset Management
  • Remote asset tracking
  • Building automation system
  • Security management
  • Network Management
  • Database Management
  • Warehouse control system
  • Streaming Analytics
  • Monitoring control management system
  • Warehouse IoT
  • Inventory management system

Global connected logistics market can be segmented by platform type as follow:-

  • Connectivity management
  • Device management
  • Application management

Global connected logistics market: Segmentation Overview

Global connected logistics market segmentation is done by end use industry includes BFSI, retail and consumer packaged goods, telecom, media and entertainment, Manufacturing and much more. Among these mentioned end-use industry, retail and consumer packaged goods are estimated to witness a positive growth over the forecast year in the global connected logistics market. Asset management is estimated to account highest market share over the forecast year in connected logistics market across the globe.

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Global connected logistics market: Regional Outlook

Based on the geographies, Global connected logistics market is segmented into seven regions - Eastern Europe Western Europe, North America, Latin America, Asia-Pacific excluding Japan, Japan, and Middle East & Africa. Among the regions as mentioned above, North America accounts for the largest market share followed by Western Europe for global connected logistics market. Asia Pacific is estimated to gain the highest CAGR in the global connected logistics market.

Few prominent player of global connected logistics market as follow:-

  • AT&T Inc
  • Infosys Limited
  • Cisco System Inc
  • IBM Corporation
  • Intel Corporation
  • Cloud Logistics
  • Freightgate Inc
  • Eurotech S.P.A
  • SAP SE

The report covers exhaustive analysis on:

  • Connected Logistics Market Segments
  • Connected Logistics Market Dynamics
  • Historical Actual Market Size, 2014 - 2016
  • Connected Logistics Market Size & Forecast 2017 To 2027
  • Supply & Demand Value Chain
  • Connected Logistics Market Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Connected Logistics Technology
  • Connected Logistics Value Chain

Connected Logistics Market Drivers and Restraints

Regional analysis for Connected Logistics Market includes

  • Connected Logistics Market by North America
    • US & Canada
  • Connected Logistics Market by Latin America
    • Brazil, Argentina & Others
  • Connected Logistics Market by Western Europe
    • EU5
    • Nordics
    • Benelux
  • Connected Logistics Market by Eastern Europe
    • Russia
    • Poland
    • Rest of Eastern Europe
  • Connected Logistics Market by Asia Pacific
    • Australia and New Zealand (ANZ)
    • Greater China
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Connected Logistics Market by Japan
  • Connected Logistics Market by the Middle East and Africa
    • GCC Countries
    • Other Middle East
    • North Africa
    • South Africa
    • Other Africa

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint.