Connected Logistics Market to Grow at 6.2% CAGR by 2030
Surge in demand for real-time information coupled with the need for lowering the cost of administrative processes are vital factors expected to compliment the growth of Connected Logistics Market.
The Connected Logistics market is expected to grow at a CAGR of 6.2% from 2020-2030, according to a new research report by Next Move Strategy Consulting.
The connected logistics provide a platform for multiple devices to be integrated into a single interface that provides operational benefits in the entire logistics process such as real time access of information, live tracking, and many other such features. The introduction of connected logistics has significantly increased the efficiency of traditional cumbersome processes, making it an important aspect for next generation logistics services.
According to the report, internet penetration and cloud based services have exponentially increased connectivity. These are among the major driving factor responsible for market growth.
Based on technology, the Connected Logistics market share is segmented into bluetooth, cellular, Wi-Fi, zigbee, NFC and satellite. Also, Based on Devices, the Connected Logistics market is categorised into gateways, RFID tags and sensor nodes. Further, based on geography, the market is categorized into North America, Europe, Asia Pacific and rest of the world.
At present, due to the high adoption rate of advanced technologies and improved transportation infrastructure, the North America region possesses the lion share in the Connected Logistics market but with growing penetration of internet and increase in investment both by government and private entities, the Asia Pacific region is anticipated to show rapid market growth.
According to the report, some the key players in the market are SAP, Thingworx, AT&T Inc., SecureRF, CISCO Systems, Zebra Technologies, IBM Corporation, GT Nexus, EUROTECH, Oracle and many more.
Browse Through the full report “Connected Logistics Market by Technology (Bluetooth, Cellular, Wi-Fi, ZigBee, NFC, and Satellite), by Devices (Gateways, RFID Tags, and Sensor Nodes)-Global Opportunity Analysis and Industry Forecast, 2020 – 2030”
Key Insights from the Connected Logistics Market Report:
- Current emerging trends and opportunities are extensively analysed in the Connected Logistics market report.
- The forecast of the Connected Logistics market comes along with additional information associated with opportunities, restrains and key drivers in the market.
The report Connected Logistics market – segmented by technology, devices, and geography.
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