Global Connected Logistics Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast: 2018–2027

“Global Connected Logistics Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global connected logistics market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. Global connected logistics market report has been segmented on the basis of software, platform, service, transportation mode, end-user, and region.

This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our researchers have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Overview:

Connected logistics can be defined as interlinked devices which are used to gather and dispatch data in order to achieve consumer-centric and smoother operation of logistics. Global connected logistics market is expected to witness substantial growth, owing to emergence of IoT connecting devices.

Market Dynamics:

Global connected logistics market is expected to register significant growth, owing to increasing demand for mobility, demand to reduce cost of administrative processes. In addition, rapid development in international trade flow and economic conditions is another major factor expected to drive growth of the global connected logistics market. Moreover, rapid growth in the e-commerce industry is attributed to increasing penetration of smartphones and Internet, which in turn is expected to propel growth of the global market. Reducing cost of sensors and increasing demand for IoT enabled devices for efficient operation of logistics are other key factors expected to drive growth of the target market over the forecast period. Moreover, increasing adoption of eco-friendly logistic solutions is creating opportunity for the players in the target market. Increasing trade related contracts and technological advancements in transportation sector are among additional factors expected to fuel demand for connected logistics solutions and in turn estimated to support revenue growth of the global connected logistics market.

However, lack of identical governance of standards is expected to limit growth of the target market to certain extent. In addition, minimal space availability for warehousing is another factor expected to hamper growth of the global connected logistics market to a certain extent.

Regional Insights:           

Market in North America is expected to account significant share in the global market in terms of revenue, owing to continuously ongoing R&D activates for developments new technologies and quick adoption of advanced technologies. In addition, region comprises of huge tech-savvy population, which is expected to generate demand for connected logistic solutions, which in turn expected to drive growth of the target market over the forecast period.

Asia Pacific Market is expected to witness substantial growth, owing to strong presence of manufacturing facilities of various products. Moreover, increasing adoption of outsourced logistics services is expected to support revenue growth of the market in the region over the forecast period. Increasing urbanization, stable economic conditions, and increasing import and export trade activities are generating demand for connected logistic services is another factor expected to drive growth of the target market over the next 10 years. Increasing disposable income and changing lifestyle are among other factors expected to fuel growth of the target market in the region. Markets in Europe, Latin America, and Middle East and Africa are expected to register moderate growth during the forecast period.

Market Segmentation and Key Players Operating in Global Connected Logistics Market:

Segmentation by software:

• Asset Management
  • Remote asset tracking
  • Predictive asset management and monitoring
• Warehouse IoT
  • Warehouse management system (WMS)
  • Warehouse control system (WCS)
  • Building Automation system (BAS)
• Security
• Network Management
• Data Management
• Streaming Analytics

Segmentation by platform:

• Device Management
• Application Management
• Connectivity Management

Segmentation by service:

• Professional Service
  • Consulting service
  • Integration and deployment
  • Support and maintenance
• Managed Service

Segmentation by transportation mode:

• Roadway
• Railway
• Airway
• Seaway

Segmentation by end-user:

• Retail
• Manufacturing
• Oil & Energy and Gas
• Pharmaceuticals and Healthcare
• Telecom and IT
• Automotive
• Aerospace and Defence
• Food and Beverage
• Chemical

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa