Connected Logistics Market Size, Key Vendors, Growth Rate, Drivers, Volume and Forecast Report
by Rahul Gautam ManagerThe study reveals that the global connected logistics market is likely to
reach $73,864.1 million by 2023. Due to significant growth in technologies such
as IoT, advancement in big data analytics, and real time monitoring, the global
connected logistics market is gaining traction.
Insights on market segments
As per the findings of the research, asset management has been the largest
software market in the global connected logistics market. Among various
platforms, application management witnessed the highest growth in demand from
2014 to 2016 and this segment is expected to continue leading the growth of the
market during the forecast period. Retail industry has been the highest user of
connected logistics market. However, the market is expected to witness fastest
growth in demand from IT and telecom industry, during the forecast period.
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Geographically, North America has been the largest market for connected logistics,
whereas Asia-Pacific is expected to witness the fastest growth among all the regions,
during the forecast period. The expected growth can be owed to factors such as
growth of digitalization, advancement in new technologies, growth in retail
industry, and increasing adoption of connected technologies by major logistics
providers in the region. Further, due to rapid technological advancements in
supply chain management and improvement in technology infrastructure, the
region has high tendency to adopt connected logistics solution at a rapid scale
in near future.
GLOBAL CONNECTED LOGISTICS MARKET SEGMENTATION
By Software
Asset Management
Warehouse Internet of Things
Security
Data Management
Network Management
Streaming Analytics
By Platform
Device Management
Application Management
Connectivity Management
By Service
Professional Service
Managed Service
By Transportation Mode
Roadways
Railways
Airways
Waterways
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The research states that the global connected logistics market is moderately
competitive with players developing new connected logistics approach. Some of
the key players in the connected logistics ecosystem are AT&T, Inc., IBM
Corporation, Intel Corporation, SAP SE, Infosys Limited, Cisco Systems Inc.,
HCL Technologies Limited, and Cloud Logistics.
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Created on Jul 10th 2019 07:10. Viewed 321 times.