Connected Logistics Market to Reach US$67.96 Billion by 2027 | 16.50% CAGR

According to the latest report from IMARC Group, the global connected logistics market reached a value of US$25.55 billion in 2021.

SHERIDAN, WYOMING, USA, Aug. 5, 2022 /EINPresswire.com/ — According to IMARC Group’s latest report “Connected Logistics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the Le The global connected logistics market reached a value of US$25.55 billion in 2021. Looking ahead, IMARC Group expects the market to reach a value of US$67.96 billion. by 2027, posting a CAGR of 16.50% in 2022-2027.

Connected Logistics allows organizations to plan orders and shipments in advance and helps them avoid extended deliveries by providing shipment monitoring with real-time tracking. It involves monitoring, warehouse management, tracking transportation fleet management, and associated logistics operations, including shipping, financial transactions, order processing, and shipping. It helps predict the predictable departure and arrival of shipments, improve operational efficiency and improve productivity by incorporating multiple connected devices into a single interface. It also helps organizations create additional value, improve efficiency, reduce costs, provide better customer experience and improve brand reputation.

Request a free sample of this report: https://www.imarcgroup.com/connected-logistics-market/requestsample

Note: We regularly track the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.

Market trends:

There is an increase in preference for online shopping and the requirement for efficient product delivery. With this in mind, e-commerce platform operators are actively pursuing the acquisition of connected logistics facilities to expand their distribution networks and handle an increased volume of products. This represents one of the major factors supporting the growth of the market globally. This growth can also be attributed to the growing awareness among individuals of the benefits of ordering groceries through online portals, which offer easy availability, convenience, and a large catalog.

Moreover, rapid urbanization, hectic lifestyles, massive reliance on smartphones, increasing purchasing power of individuals, and growing penetration of high-speed internet are driving the market. Also, the increasing number of transportation activities owing to the expansion of domestic trade is contributing to the growth of the market. Apart from this, the growing demand for vaccines and other temperature-sensitive healthcare products positively influences the need for connected logistics to maintain product integrity during transportation. It can also be attributed to the increasing prevalence of viral infections and chronic diseases among the masses. Moreover, the emerging trend of imported high-end vehicles is increasing the demand for connected logistics services worldwide.

In addition to this, there is an increase in the integration of artificial intelligence (AI), augmented reality (AR), blockchain, radio frequency identification (RFID) chips and the Internet objects (IoT) in many vehicles, such as transport trucks. , deliveries and individual product units. These devices allow organizations to know the exact location and status of the load. This creates a positive outlook for the market. Moreover, rapid digitization and increasing adoption of cloud-based solutions in small and medium-sized enterprises (SMEs) to maintain business data effectively and efficiently provides lucrative growth opportunities for industry players. Significant improvements in information technology (IT) infrastructure are expected to drive the market growth.

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

Competitive landscape with a key player:

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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As the novel coronavirus (COVID-19) crisis engulfs the world, we continuously monitor changes in markets, as well as consumer behaviors in the industry around the world and our estimates on the latest market trends and forecasts are made. after considering the impact of this pandemic.

If you want the latest primary and secondary data (2021-2026) with cost module, business strategy, distribution channel, etc. Click request a free sample report, the published report will be emailed to you in PDF format within 24-48 hours of receipt. full payment.

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About Us

The IMARC Group is a leading market research firm providing management strategies and market research worldwide. We partner with clients across all industries and geographies to identify their most important opportunities, address their most critical challenges and transform their businesses.

IMARC’s information products include major business, scientific, economic and technological developments for business leaders in pharmaceutical, industrial and high-tech organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverages, travel and tourism, nanotechnology and new processing methods are at the top of the list. company expertise.

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IMARC Services Private Limited
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