[198 Pages Report] The Connected Logistics Market size was estimated at USD 32.67 billion in 2023 and expected to reach USD 37.22 billion in 2024, at a CAGR 15.96% to reach USD 92.14 billion by 2030.
The connected logistics market incorporates cutting-edge technologies such as artificial intelligence (AI), the Internet of Things (IoT), and advanced logistics and supply chain operations analytics. This integration facilitates real-time monitoring, efficient management, and intelligent decision-making in logistics processes, thereby enhancing operational efficiency, transparency, and customer satisfaction. Connected logistics has applications across various sectors, including manufacturing, retail, food and beverages, pharmaceuticals, and automotive. It is utilized in fleet management, warehouse management, freight brokerage, and inventory control. The end-users of this market are third-party logistics providers, warehouse operators, and transportation firms striving to improve logistics operations and improve supply chain visibility. The market scope of connected logistics includes an extensive range of intelligent systems and solutions such as asset tracking, real-time traffic management, smart roads, and automated freight and cargo management systems. These technologies are widely adopted across global markets, with particular expansion noted in emerging economies due to increased industrial growth and a surge in e-commerce activities. Factors that influence the development of the connected logistics market include the need for real-time data analysis in supply chain operations, the proliferation of IoT devices, advancements in AI and machine learning, expansion of the logistic industry due to rapid E-commerce growth, and improving cross-border trade facilitations. Additionally, the rise in demand for quick delivery services and heightened visibility in logistics processes further propel market growth. However, the market faces limitations and challenges, such as high initial investment and implementation costs and data security and privacy concerns. On the other hand, the latest potential opportunities in connected logistics include growing potential for sustainable supply chain practices, application of predictive analytics for proactive logistics management, and integration of blockchain technology for advanced data security and transparency.
Regional Insights
The connected logistics market in North America is experiencing robust growth due to high levels of automation and a well-established IT infrastructure supporting the integration of connected logistics across the supply chain. The United States leads the market with significant investments in smart transportation and digital freight brokerage solutions. Canada shows a growing interest in sustainable and efficient logistics operations as Canadian consumers display a heightened awareness of environmental impacts, influencing purchasing behaviors to favor companies with a greener supply chain. In South America, the connected logistics market is progressing with growing awareness about the benefits of digital supply chain optimizations. Countries such as Brazil and Argentina are pioneering the adoption of connected logistics solutions, primarily to tackle the complexity of managing extensive logistic networks. In APAC, Countries such as China, Japan, South Korea, and India are at the forefront, with government programs helping the development of smart cities and intelligent transportation systems. China’s connected logistics market is one of the largest due to its manufacturing powerhouse status. In Japan, technological innovation is highly prioritized, with the country holding several patents in robotics and automated systems for logistics. India’s connected logistics sector is burgeoning, with significant growth potential due to its large consumer base, increasing internet penetration improvements in infrastructure, and the rise of e-commerce, which are catalysts for advanced logistics systems. Europe’s connected logistics market demonstrates significant growth with stringent regulations for reducing carbon emissions and promoting energy efficiency in logistics operations. The European Union’s encouragement of digitalization across industries, including logistics, is a major growth driver. Countries such as Germany and the Netherlands, with their strong automotive and manufacturing sectors, have become prominent adopters of connected logistics. In the Middle East, the focus on building state-of-the-art logistics hubs, smart ports, and free zones has been instrumental in the growth of connected logistics. Africa’s connected logistics market is in the nascent stages but is anticipated to grow with the continent’s increasing mobile connectivity and internet penetration. With significant infrastructure developments and the expansion of the retail sector, the demand for sophisticated logistics solutions is rising.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Connected Logistics Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Connected Logistics Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Connected Logistics Market, highlighting leading vendors and their innovative profiles. These include AT&T Inc., Cisco System Inc., Cisco Systems, Inc., Freightgate Inc., HCL Technology Limited, Honeywell International Inc., IBM Corporation, Infosys Limited, Intel Corporation, NEC Technologies, Nippon Express Co., Ltd., One Network Enterprises, Inc., Oracle Corporation, ORBOCMM Inc., Robert Bosch GmbH, SAP SE, Senko Co., Ltd., Siemens AG, SIFFOX, The EuroTech Group PLC, XPO, Inc., YUSEN LOGISTICS CO., LTD., and Zebra Technology Corp..
Market Segmentation & Coverage
This research report categorizes the Connected Logistics Market to forecast the revenues and analyze trends in each of the following sub-markets:
- Offering
- Hardware
- Gateways
- RFID Tags
- Sensors
- Services
- Consulting
- Integration & Deployment
- Managed Services
- Support & Maintenance
- Software
- Asset Tracking & Management
- Data Management & Analytics
- Fleet Management
- Freight Transportation Management
- Warehouse Management
- Hardware
- Transport Mode
- Airways
- Railways
- Roadways
- Waterways
- Vertical
- Aerospace & Defense
- Automotive
- Electronics & Semiconductors
- Energy
- Healthcare
- Retail & E-commerce
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report offers valuable insights on the following aspects:
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
- What is the market size and forecast of the Connected Logistics Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Connected Logistics Market?
- What are the technology trends and regulatory frameworks in the Connected Logistics Market?
- What is the market share of the leading vendors in the Connected Logistics Market?
- Which modes and strategic moves are suitable for entering the Connected Logistics Market?
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