Market Definition:
The Global Connected Logistics Market was valued at USD 21.42 billion in 2019 and is expected to garner USD 41.51 billion by 2030, at a CAGR of 6.2% during the forecast period, between 2020 and 2030.
Connected logistics refer to a set of hardware and software that enables real-time access, track shipments, enhanced productivity and efficiency through the use of various integrated platforms. Connected logistics integrate multiple devices into single operational platform to enable informed decision making regarding the logistics process. Connected logistics service providers have developed various solutions for ease of accessibility and extensive interoperability. These solutions offer interconnected services from both ends that help in easing the entire operational process.
Market Dynamics and Trends
The expansion of the global connected logistics market is attributed to rapid technological advancements, increase in internet penetration, high demand for mobility, rise in cloud-based services in different industries. Moreover, increase in the use of Internet of things (IoT) and rise in the demand for real-time information is expected fuel the market growth.
However, security issues and rise in the number of cyberattacks are expected to hamper the market. On the other hand, increase in e-commerce, globalization, and infrastructure development are creating opportunities for the global connected logistic market.
Market Segmentations and Scope of the Study:
The global connected logistics market has been divided based on technology, devices, and geography. In terms of technology, the market is segregated into Bluetooth, cellular, Wi-Fi, ZigBee, NFC, Satellite. On the basis of devices, the market is segmented into gateways, RFID tags, and sensor nodes. Based on geography, the connected logistics market is fragmented into North America, Europe, Asia-Pacific, and Rest of World (RoW).
Geographical Analysis
North America is expected to represent the increased adoption of connected logistics and holds the major market share over the forecast period. The growth factors include presence of advanced technology, developed infrastructure, increase demand for real time information with rise in e-commerce industry on a large scale.
The market in Asia Pacific is expected to grow owing to the presence of developing economies, increase in internet penetration, rise in awareness about Internet of Things (IoT), and developing infrastructures.
Competitive Landscape
Key players in the global Connected Logistics Market include SAP, ThingWorx, SecureRF, Oracle, Zebra, Technologies, GT Nexus, IBM, Cisco System, Inc., Eurotech S.P.A., and AT&T Inc.
KEY MARKET SEGMENTS:
Global Connected Logistics Market - By Technology
Global Connected Logistics Market - By Devices
Global Connected Logistics Market - By Geography
KEY PLAYERS:
The Global Connected Logistics Market was valued at USD 21.42 billion in 2019 and is expected to garner USD 41.51 billion by 2030, at a CAGR of 6.2% during the forecast period, between 2020 and 2030.
Connected logistics refer to a set of hardware and software that enables real-time access, track shipments, enhanced productivity and efficiency through the use of various integrated platforms. Connected logistics integrate multiple devices into single operational platform to enable informed decision making regarding the logistics process. Connected logistics service providers have developed various solutions for ease of accessibility and extensive interoperability. These solutions offer interconnected services from both ends that help in easing the entire operational process.
Market Dynamics and Trends
The expansion of the global connected logistics market is attributed to rapid technological advancements, increase in internet penetration, high demand for mobility, rise in cloud-based services in different industries. Moreover, increase in the use of Internet of things (IoT) and rise in the demand for real-time information is expected fuel the market growth.
However, security issues and rise in the number of cyberattacks are expected to hamper the market. On the other hand, increase in e-commerce, globalization, and infrastructure development are creating opportunities for the global connected logistic market.
Market Segmentations and Scope of the Study:
The global connected logistics market has been divided based on technology, devices, and geography. In terms of technology, the market is segregated into Bluetooth, cellular, Wi-Fi, ZigBee, NFC, Satellite. On the basis of devices, the market is segmented into gateways, RFID tags, and sensor nodes. Based on geography, the connected logistics market is fragmented into North America, Europe, Asia-Pacific, and Rest of World (RoW).
Geographical Analysis
North America is expected to represent the increased adoption of connected logistics and holds the major market share over the forecast period. The growth factors include presence of advanced technology, developed infrastructure, increase demand for real time information with rise in e-commerce industry on a large scale.
The market in Asia Pacific is expected to grow owing to the presence of developing economies, increase in internet penetration, rise in awareness about Internet of Things (IoT), and developing infrastructures.
Competitive Landscape
Key players in the global Connected Logistics Market include SAP, ThingWorx, SecureRF, Oracle, Zebra, Technologies, GT Nexus, IBM, Cisco System, Inc., Eurotech S.P.A., and AT&T Inc.
KEY MARKET SEGMENTS:
Global Connected Logistics Market - By Technology
- Bluetooth
- Cellular
- Wi-Fi
- ZigBee
- NFC
- Satellite
Global Connected Logistics Market - By Devices
- Gateways
- RFID Tags
- Sensor Nodes
Global Connected Logistics Market - By Geography
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- Germany
- France
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Rest of Asia-Pacific
- RoW
- Latin America
- Middle East
- Africa
KEY PLAYERS:
- SAP
- ThingWorx
- SecureRF
- Oracle
- Zebra
- Technologies
- GT Nexus
- IBM
- Cisco System, Inc.
- Eurotech S.P.A.
- AT&T Inc.
Table of Contents
1. Introduction
2. Market Snapshot, 2019-2030 Million Usd
4. Market Dynamics
5. Global Connected Logistics Market, by Technology
6. Global Connected Logistics Market, by Devices
7. Global Connected Logistics Market, by Region
8. Company Profiles
Executive Summary
Connected Logistics market: Global Market Size, Trends, Competitive, Historical & Forecast Analysis, 2020 - 2030-Technological advancements, increase in demand for real-time access, and improvements in infrastructure are factors driving the Connected Logistics market.Connected logistics refer to a set of hardware and software that enables real-time access, track shipments, enhanced productivity and efficiency through the use of various integrated platforms. Connected logistics integrate multiple devices into single operational platform to enable informed decision making regarding the logistics process. Connected logistics service providers have developed various solutions for ease of accessibility and extensive interoperability. These solutions offer interconnected services from both ends that help in easing the entire operational process.
On the basis of devices, the market is segmented into gateways, RFID tags, and sensor nodes. Based on geography, the connected logistics market is fragmented into North America, Europe, Asia-Pacific, and Rest of World (RoW).
Companies Mentioned
A selection of companies mentioned in this report includes:
- SAP SE
- ThingWorx, Inc.
- AT&T Inc.
- SecureRF
- Cisco Systems, Inc.
- Zebra Technologies
- IBM
- Infor Nexus
- Eurotech SpA
- Oracle
