NEW
YORK, July 10, 2024 /PRNewswire/ -- The
global connected logistics market size is estimated to
grow by USD 138.65 billion from
2024-2028, according to Technavio. The market is estimated to grow
at a CAGR of 34.28% during the forecast
period. Connected logistics significantly enhance supply chain
efficiency by leveraging IoT and real-time data analytics. This
integration allows for seamless tracking of shipments, predictive
maintenance of equipment, and optimization of route planning. By
ensuring the effective management of temperature-sensitive products
and minimizing delays through proactive alerts, connected logistics
streamline operations. Despite challenges such as technical
glitches, key players like Accenture Plc, Amazon.com Inc., and
Microsoft Corp. drive innovation in this rapidly growing market,
aiming to transform how businesses manage and optimize their supply
chain networks.
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Connected Logistics
Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
34.28%
|
Market growth
2024-2028
|
USD 138657.5
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
25.64
|
Regional
analysis
|
North America, Europe,
APAC, South America, and Middle East and Africa
|
Performing market
contribution
|
North America at
36%
|
Key
countries
|
US, Germany, UK, China,
and India
|
Key companies
profiled
|
Accenture Plc,
Amazon.com Inc., AT and T Inc., Cisco Systems Inc., HCL
Technologies Ltd., Huawei Technologies Co. Ltd., Infosys Ltd.,
Intel Corp., International Business Machines Corp., Microsoft
Corp., Nokia Corp., Oracle Corp., ORBCOMM Inc., PTC Inc., Qualcomm
Inc., Samsung Electronics Co. Ltd., SAP SE, Siemens AG, Tata
Consultancy Services Ltd., and Thales Group
|
Market Driver
The Connected Logistics Market is experiencing significant
growth due to the increasing adoption of Internet of Things (IoT)
in Supply Chain Management (SCM) systems. IoT technologies enable
real-time tracking of shipments, gaining popularity in industries
like manufacturing, healthcare, and transportation. IoT devices and
sensors installed in storage facilities and containers transmit
data to SCM teams, providing crucial information on product
conditions and delivery status. Perishable goods, such as vaccines,
require specific temperature ranges to avoid damage. IoT can detect
and control technical faults in refrigeration systems, preventing
potential damage. With the increasing number of IoT devices,
managing and maintaining data becomes challenging. IoT solutions
help logistics firms capture and analyze data from these devices
using statistical modeling techniques. RFID, sensors, barcodes, and
GPS are among the technologies used to monitor and manage physical
assets efficiently in transportation and logistics. Companies like
Tech Mahindra and HCL Technologies offer IoT solutions for cold
storage management, allowing teams to track and monitor the
movement of cold storage containers and carriers. By 2026, the
number of smart connected devices is projected to reach 47 billion,
underscoring the importance of IoT solutions for managing and
analyzing data.
The Connected Logistics Market is experiencing significant
growth as businesses embrace advanced technologies to streamline
their logistical operations. Cloud platforms and the Internet of
Things (IoT) are driving innovation in areas like order processing,
financial transactions, shipping, warehousing, and transportation.
Value-added logistics services are becoming increasingly important
for online shopping and retail goods, with linked logistics systems
ensuring interoperability between different systems. Cutting-edge
technologies like intelligent transportation solutions, fleet
telematics, and cellular IoT connectivity offer real-time
transportation visibility, enabling route planning, disaster
preparedness, and efficient use of resources. Autonomous logistics
trucks and LoRa sensors are revolutionizing the transportation
sector, while RFID tags, sensors, communication devices, and
tracking devices enhance warehouse and fleet management.
Governments are also playing a role in shaping the market through
national logistics policies, with railways and roadways being key
transportation modes. The focus on reducing frictional resistance
and increasing carrying capacity is a priority for retail and
e-commerce businesses, making managed services, consulting, and
analytics solutions essential for optimizing logistical operations.
Last-mile delivery and the role of logistics 4.0 in the retail and
e-commerce sectors are also major trends to watch.
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Market Challenges
- The connected logistics market's growth may be hindered by
technical issues, which can disrupt business operations. Connected
logistics systems rely on digital logger solutions for continuous
monitoring, but manual processes and human intervention can hinder
real-time data transmission. These inefficiencies can lead to
decreased client satisfaction and potential loss of business for
vendors like Microsoft Corp. And Oracle Corp. Automation and
elimination of manual processes are crucial for seamless connected
logistics implementation. The presence of technical glitches poses
a significant challenge to the market's expansion during the
forecast period.
- The Connected Logistics Market is experiencing significant
growth due to the integration of smart devices, Bluetooth
technology, and internet connectivity. Logistic operational
effectiveness is improved through real-time tracking of logistics,
enhancing worker safety and reducing supply chain disruptions.
Logistic providers leverage electronic data and app-based
interfaces for workload planning and inventory tracking. E-commerce
platforms and tracking tools facilitate end-to-end delivery
tracking, while cloud integration streamlines data access.
Challenges include ensuring accuracy with automated scanning,
managing transportation modes like cargo ships, aircraft, trucks,
and transport vehicles, and addressing labour and raw material
concerns. Real-time infographics provide valuable insights into
transportation modes, fuel consumption, and government programs.
Rail freight and trade are also impacted by these trends, requiring
continuous adaptation to remain competitive.
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challenges - Request a sample report!
Segment Overview
This connected logistics market report extensively covers market
segmentation by
- Mode Of Transportation
- 1.1 Roadways
- 1.2 Railways
- 1.3 Airways
- 1.4 Waterways
- Type
- 2.1 Software services
- 2.2 IT services
- 2.3 Hardware services
- Geography
- 3.1 North America
- 3.2 Europe
- 3.3 APAC
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Roadways-
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data
(2017-2021) - Download a Sample Report
Research Analysis
The Connected Logistics Market is revolutionizing traditional
supply chain management by integrating advanced technologies such
as cloud platforms, Internet of Things (IoT), and intelligent
transportation solutions. These innovations enable real-time order
processing, financial transactions, and tracking of logistical
operations. Connected logistics systems facilitate seamless
communication between supply chain partners through linked
logistics systems, ensuring interoperability and accessibility. IoT
sensors and connected logistics hardware provide valuable data on
shipping, warehousing, and transportation, enabling value-added
logistics services and optimizing inventory management. Logistics
4.0, a key component of Industry 4.0, integrates cutting-edge
technologies like Bluetooth, Network, and Communication systems to
create a secure, efficient, and intelligent logistics network.
Autonomous logistics trucks and intelligent transportation systems
further enhance the market's capabilities, ensuring safety and
reducing operational costs. Cloud-based technology plays a crucial
role in connected logistics by enabling real-time data access and
analysis, improving overall supply chain performance and customer
satisfaction. The market's growth is driven by the increasing
popularity of online shopping and the need for faster, more
efficient logistics solutions.
Market Research Overview
Connected logistics is revolutionizing traditional logistical
operations by integrating cloud platforms, Internet of Things (IoT)
technologies, and real-time communication systems. Order
processing, financial transactions, shipping, warehousing, and
transportation are becoming more efficient and interconnected
through linked logistics systems. Online shopping and retail goods
require last-mile delivery solutions, while intelligent
transportation solutions offer route planning, transportation
visibility, and real-time position tracking. Connected logistics
hardware includes LoRa and cellular IoT connectivity, fleet
telematics, RFID tags, sensors, communication devices, and tracking
devices. Value-added logistics services provide managed services,
consulting, and transportation mode options, including roadways,
railway, and interconnected communication systems. Logistics 4.0
focuses on logistic operational effectiveness, worker safety, and
supply chain disruption prevention. Intelligent transportation
systems use safety features like autonomous logistics trucks and
IoT sensors for disaster preparedness. Connected logistics also
offers interoperability between linked devices, analytics
solutions, and cloud integration for retail and e-commerce,
automotive, aerospace and defense, healthcare, energy, electronics
and semiconductors, and other industries. Governments are
implementing national logistics policies to improve transportation
sector infrastructure and reduce frictional resistance. Connected
logistics offers accessibility, security, and safety benefits,
making it a crucial aspect of modern business operations.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Mode Of Transportation
-
- Roadways
- Railways
- Airways
- Waterways
- Type
-
- Software Services
- IT Services
- Hardware Services
- Geography
-
- North America
- Europe
- APAC
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio