Connected Logistics Market is expected to reach a market size worth US$1,291.874 million by 2026
Knowledge Sourcing Intelligence announces the publication of an updated report on “Global Connected Logistics Market – Forecasts from 2021 to 2026” to their offering.
The prime factors driving the growth of the connected logistics market are the growth of the e-commerce industry, the rising reception of IoT, and the increasing demand for specialized vehicles.
As per the report, the market about Connected Logistics market is expected to grow at a steady pace.
Connected logistics is a reliant and adaptable disposition of communication devices, joints, and Internet of Things (IoT) technologies that provide services and arrangements which assist supply chain integration to logistics businesses and substitute the essential logistical techniques to become increasingly customer-centric by sharing data, information, and facts with the supply chain associates. The perks offered by connected logistics include real-time accessibility, complemented operational coherence, and integrated productivity through assisting the incorporation of manifold connected platforms.
The connected logistics market growth is mainly facilitated by the rising disposable incomes assisting the smartphone and internet penetration in emerging economics leading to the growth of e-commerce. Additionally, positive government assistance is advancing the arrangement of SMEs across the logistics market. Furthermore, the rising adoption of IoT is contributing to increasing demand in the market. Developing demand for hi-tech vehicles is a door for opportunities in the market. However, limited standardization and security concerns are expected to restrain the market growth.
By software, the market is categorized into Asset Management, Warehouse IoT, Security, Data Management, Network Management, and Streaming Analytics. By transportation mode, the market is segmented into Roadways, Railways, Airways, and Seaways.
By geography, the connected logistics market is studied across North America, South America, Europe, the Middle East, and Africa, and Asia Pacific. North America is predicted to dominate the market owing to the early reception of innovation and new technological advancements. The Asia Pacific is also expected to witness a significant growth rate attributed to the flourishing e-commerce industry in developing economies.
As a part of the report, the major players operating in the Connected logistics market, that have been covered are Intel Corporation, Losant IoT, Bosch Service Solutions GmbH, SAP SE, E2open, IBM Corporation, Infosys Limited, Freightgate Inc., Agility, and ATT Logistics.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/connected-logistics-market
This analytics report segments the Connected Logistics market on the following basis:
- By Software
- Asset Management
- Warehouse IoT
- Data Management
- Network Management
- Streaming Analytics
- By Transportation Mode
- By Geography
- North America
- South America
- Middle East and Africa
- Saudi Arabia
- Asia Pacific
- South Korea
- North America
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