Connected Logistics Market Trends, Size, Forecast - 2019-2025
The global connected logistics market is estimated to grow at a CAGR of over 28% during the forecast period. The major factors contributing to the growth of the market include a significant rise in the e-commerce industry and the emerging adoption of IoT connected devices in the logistics industry. IoT has quickly changed the transportation coupled with the innovations in mobile and connectivity. IoT has made everything possible, ranging from potential road safety issues to the monitoring of the fleet management systems.
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The major IoT applications and main components of connected logistics systems include safe transportation, inventory management, supply chain monitoring, process automation, and vehicle tracking. Warehousing and inventory management are considered as the most essential components of smart logistics. With the use of small cost-effective sensors, the companies can simply track inventory items and track the status of their products. With IoT technology, the companies can ensure safe storage of goods and are able to successfully prevent any losses, as well as efficiently locate an item required. Due to this efficiency, it is expected that nearly all logistics companies have been employed such kinds of IoT solutions in their work for efficient supply chain management and tracking and monitoring of warehousing activities.
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Global Connected Logistics Market Segmentation
By Solution
Asset Tracking & Management
Data Management
Network Management
Security
Others (Streaming Analytics)
By End-Use Industry
Food & Beverage
Healthcare
Retail
Manufacturing
Oil & Gas
Others (Chemical)
By Mode
Roadway
Waterway
Railway
Airway
Regional Analysis
North America
United States
Canada
Europe
UK
Germany
Italy
Spain
France
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
Rest of the World
Company Profiles
Amazon Web Services, Inc.
AT&T, Inc.
Bosch Service Solutions GmbH
Cisco Systems, Inc.
Ericsson AB
Eurotech S.P.A.
Freightgate, Inc.
Google LLC
HCL Technologies Ltd.
Huawei Technologies Co., Ltd.
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