Articles
Connected Logistics Market Size, Share, Growth, Key Players, Competition Analysis & Forecast 2027
by Sarena Peter Sr. Research ManagerThe global business landscape is rapidly transforming with technological innovations, and one sector at the epicenter of this shift is logistics. The 'Connected Logistics Market' has emerged as a crucial pivot in enhancing the efficiency, visibility, and responsiveness of supply chains. By leveraging advanced technologies, connected logistics not only optimizes the movement of goods but also facilitates real-time decision-making, driving unparalleled value for businesses worldwide.
What is Connected Logistics?
At its core, connected logistics refers to the integration of various digital technologies into logistic processes. This includes the Internet of Things (IoT), advanced data analytics, cloud computing, and Artificial Intelligence (AI). By establishing a network of interconnected devices, sensors, and software platforms, businesses can monitor, manage, and analyze their logistic operations in real-time.
The Value Proposition
Enhanced Visibility: One of the perennial challenges in logistics is maintaining transparency throughout the supply chain. With connected technologies, companies can now monitor the status and location of their assets constantly. This ensures timely deliveries and helps in mitigating risks associated with theft or misplacement.
Optimized Asset Utilization: IoT-enabled sensors can provide insights into vehicle health, storage conditions, and capacity utilization. This information helps companies use their assets more efficiently, reduce wear and tear, and extend the lifespan of their resources.
Predictive Analysis: Leveraging AI and data analytics, businesses can predict demand patterns, optimize routes, and even foresee potential disruptions. By proactively addressing these issues, companies can ensure smoother operations and improved customer satisfaction.
Automated Processes: Automation is another vital facet of connected logistics. From automated warehousing solutions to drones and self-driving vehicles, the potential to streamline operations and reduce human error is immense.
Browse the Full Report: https://www.credenceresearch.com/report/connected-logistics-market
Market Growth & Future Prospects
The Connected Logistics Market has witnessed significant growth over the past few years, driven by the increasing need for real-time monitoring and the proliferation of IoT devices. According to market research, the demand for these solutions is expected to soar in the coming decade, especially in emerging economies where businesses are rapidly modernizing their supply chains.
Furthermore, as 5G networks become more ubiquitous, the capacity to handle vast amounts of data in real-time will bolster the adoption of connected logistics solutions.
Conclusion
The Connected Logistics Market is not just a fleeting trend; it's the future of supply chain management. As businesses globally vie for efficiency, agility, and customer satisfaction, adopting these technologies will become imperative. Embracing connected logistics today means staying ahead in the game tomorrow.
List of Companies Covered:
Intel Corporation
Infosys Limited
Cisco System Inc.
HCL Technology Limited
IBM Corporation
SAP SE
ORBOCMM
Freightgate Inc.,
Honeywell International Inc.
NEC Corporation
By Segmentation Type
By Component Type
Hardware
- RFID Tags
- Sensors
- Communication Devices
- Tracking Devices
- Others
Software
- Warehouse Management
- Fleet Management
- Freight transportation management
- Asset Tracking and management
- Data Management and Analytics
- Others
Services
- Consulting
- Integration and Deployment
- Support & Maintenance
- Managed Services
By Transport Type
- Roadways
- Railways
- Airways
- Waterways
By Vertical Type
- Automotive
- Aerospace & Defense
- Healthcare
- Energy
- Electronics & Semiconductors
- Others
By Geography Type
- North America (U.S. and Rest of North America)
- Europe (U.K., Germany, France, and Rest of Europe)
- Asia Pacific (Japan, China, India, and Rest of Asia Pacific)
- Rest of World (Middle East & Africa (MEA), Latin America)
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About Sarena Peter 
Sr. Research Manager
0 connections, 0 recommendations, 8 honor points.Joined APSense since, October 8th, 2023, From San Jose, United States.
Created on Oct 19th 2023 13:07. Viewed 95 times.
