Connected Logistics Market Size, Share, Growth Report 2030

Connected Logistics Market

Connected Logistics Market by Software (Streaming Analytics, Network Management, Security, Data Management, Warehouse IoT, Asset Management, Warehouse Control System, and Others), by Verticals (Food & Beverages, Pharmaceutical & Healthcare, Chemical, Aerospace & Defense, Telecom & IT, Retail, Energy & Gas, and Others) by Transportation Mode (Seaway, Airway, Railway, and Roadway), by Service (Consulting Service, Professional Service, Integration & Deployment, Support & Maintenance, and Managed Services) and by Platform (Device Management, Application Management, and Connectivity Management): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028

Published Date: 05-Aug-2021 Category: Technology & Media Report Format : PDF Pages: 150 Report Code: ZMR-6314 Status : Published

The global connected logistics market accounted for USD 22.1 Billion in 2020 and is expected to reach USD 128.5 Billion by 2028, growing at a CAGR of 24.8% from 2021 to 2028.

Connected Logistics Market: Overview

The Global Connected Logistics Market accounted for USD 22.1 Billion in 2020 and is expected to reach USD 128.5 Billion by 2028, growing at a CAGR of 24.8% from 2021 to 2028.

Connected logistics are a collection of networked devices that Internet of Things solution providers can employ to improve the operational efficiency of a variety of logistics jobs. Monitoring, warehouse management, transportation fleet management tracking, as well as linked logistics processes such as dispatching, financial transactions, order processing, and shipping are all covered by these systems. Connected logistics is advantageous as it establishes communication among all parties that are even without direct connectivity.

Global Connected Logistics Market SizeCOVID-19 Impact Analysis

The worldwide pandemic and lockdown have resulted in negative impact on the connected logistics market due to shutdown of businesses and supply chains. Although, assistance from the government in terms of flexibility with respect to telework and online assistance and changing lifestyle and choices of consumers is expected to drive the market further in forecasted period.

Connected Logistics Market: Growth Factors

The market for connected logistics is expected to grow tremendously in the forecasted period attributable to the increasing adoption of IoT and sensor-based technologies such as RFID in different domains, including the Supply Chain Management system. Also, the rising demand for cloud-based solutions and internet ubiquity around the world is driving the market, which help in management of products by tracking goods and movement of planes, trucks and ships which carry them. Moreover, changing lifestyles, emerging economies, and the rapid rate of smart cities are boosting the market. 

The growing need for reduction in stock and ease in product handling is anticipated to augment the market over the forecasted years. Companies from numerous sectors are focusing on opting for various connected logistics services to utilize their inventory in a proficient manner to provide just-in-time delivery services. As a result, the demand for connected logistics services and platforms for proficient management of operations at distribution centers has increased. Rising adoption of automated sortation systems in logistics sector is anticipated to augment the market growth over the forecast period.

Report Scope :

Report Attribute Details
Base Year 2022
Historic Years 2018 - 2022
Forecast Years 2023 - 2030
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2023 to 2030
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Transportation Segment Analysis Preview

Transportation segment has been bifurcated into roadways, seaways, airways and railways where roadways has held the largest share in 2020 and is expected to dominate the market even in coming years. Although seaways and airways are expected to grow extremely owing to rising open-economy and global purchase.

Vertical Segment Analysis Preview

On the basis of vertical segment, further, sub-segments include Food & Beverages, Pharmaceutical & Healthcare, Chemical, Aerospace & Defense, Telecom & IT, Retail, Energy & Gas and Others. In 2020, Pharmaceutical and Healthcare witnessed high surge due to the outbreak of Covid-19. In coming years, retail and consumer goods market is expected to exhibit the highest CAGR owing to changing lifestyle and time-sensitive shipping.

Connected Logistics Market: Regional Analysis Preview

Europe holds a second largest market share and is expected to grow at a remarkable CAGR during the forecast period. Moreover, increasing government and private sector investment in the transport sector is fueling the market.

Asia Pacific is positioned to be the fastest-growing region in the global connected logistic market in terms of CAGR. This surge is due to the increasing adoption IoT and sensor-based technologies such as RFID in different domains in the region. Retailers are using automated solutions in their distribution facilities to provide on-time delivery of products. Additionally, the adoption of the Internet of Things (IoT) in various industrial and business operations is expected to open new avenues for the connected logistics market over the coming years.

Global Connected Logistics Market Share

Connected Logistics Market: Key Players & Competitive Landscape

Some of key players in connected logistics market are IBM, AT&T Inc., Eurotech S.P.A, ORBCOMM, Infosys, Cisco Systems, Intel Corporation, Zebra Technologies, SAP, secure, GT Nexus, HCL Technologies ltd., and Robert Bosch GmbH among others. 

Competitors are proactively responding to the issues by devising tactics that will have the greatest overall impact on market growth. In the foreseeable term, the market's growth potential is plentiful. Companies are also focusing on launching new products to enhance their product offerings and gain a competitive advantage in the market.

For instance, in February 2019, Huawei released the Smart Logistics Solution during MWC 2019, aiming to help enterprises improve efficiency in fields such as transportation, distribution, and warehousing, and facilitate agile advance in the logistics industry.

Global Connected Logistics Market Regional Analysis

The global Connected logistics market is segmented as follows:

By Software

By Vertical

By Transportation Mode

  • Seaway
  • Airway
  • Railway
  • Roadway

By Service

  • Consulting service
  • Professional service
  • Integration & Deployment
  • Support & Maintenance
  • Managed Services

By Platform

  • Device Management
  • Application Management
  • Connectivity Management

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of the Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

The global connected logistics market was valued at USD 22.1 Billion in 2020.

The global connected logistics market is expected to reach USD 128.5 Billion by 2028, growing at a CAGR of 24.8% between 2021 to 2028.

Some of the key factors driving the global connected logistics market growth are increasing adoption of IoT and sensor-based technologies such as RFID in different domains, including the supply chain Management system. Moreover, changing lifestyles, emerging economies and rapid rate of smart cities are boosting the market.

North America region held a substantial share of the connected logistics market in 2020. This is attributable to the presence of major players such as IBM, AT&T and Cisco among others. Asia Pacific region is projected to grow at a significant rate owing to the rising demand for connected logistics in developing economies such as China and India.

Some of the major companies operating in the connected logistics market are IBM, AT&T Inc., Eurotech S.P.A, ORBCOMM, Infosys, Cisco Systems, Intel Corporation, Zebra Technologies, SAP, Secure RE, GT Nexus, HCL Technologies ltd., and Robert Bosch GmbH among others.

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