Global Connected Logistics Market to reach USD XX billion by 2027.Global Connected Logistics Market is valued approximately USD XX billion in 2020 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2021-2027. Connected Logistics technology refers to a system of interconnected devices operated with the help of IoT, Big Data and Analytics Technology to boost the operating efficiency in the logistics and supply chain management. Connected logistics technologies include fleet management and tracking, monitoring, transportation management, warehouse management. Growing Artificial intelligence and big data analytics industry and rising food and increasing technological advancements in supply chain Management (SCM) industry are key drivers for the growth of Connected Logistics market. According to International Finance Corporation (IFC) in 2017, the global market for transportation-related Artificial Intelligence technologies reached to USD 1.4 billion, and it is estimated to grow to USD 3.5 billion by 2023. Also, with the rising Logistics and Supply chain management industry and increasing cross border Logistics, the adoption & demand for Connected Logistics is likely to increase the market growth during the forecast period. However, lack of government regulation in implementation of smart technology in logistics industry impedes the growth of the market over the forecast period of 2021-2027.
The key regions considered for the global Connected Logistics market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to presence of leading market players and growing application automation and big data in the region. Whereas, Asia-Pacific is anticipated to exhibit highest growth rate / CAGR over the forecast period 2021-2027. Factors such improvements in technology and increasing automation would create lucrative growth prospects for the Connected Logistics market across Asia-Pacific region.
Major market player included in this report are:
Bosch Service Solutions GmbH
Cisco Systems, Inc
AT&T Inc.
IBM Corporation
Intel Corporation
SAP SE
Oracle Corporation
Freightgate Inc.
Orbcomm Inc.
HCL Technologies Limited
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Software:
Asset Management,
Warehouse IoT,
Security,
Data Management,
Network Management,
Streaming Analytics
By Service:
Professional Services
Managed Service
By Transportation Mode:
Roadways,
Railways,
Airways,
Seaways
By End Use Industries:
Automotive
Manufacturing
Oil and Gas
IT & Telecom
Healthcare
IT and Telecommunication
Retail
Food and Beverage
Other End-user Industries
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027
Target Audience of the Global Connected Logistics Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
