NEWS: Connected Logistics Market — Global Industry Analysis and Forecast 2020 to 2027

Connected Logistics Market: Summary

The Global Connected Logistics Market is projected to reach a value of over USD 128.3 billion by 2027 at a CAGR of around 28.2%

Connected Logistics is refers to a various interconnected devices, that can used by Internet of Things (IoT) solution providers, which helps to provide operating efficiency to various logistics industries. Moreover, it also helps to offer various benefits to logistics businesses by providing real-time access, enhance the operational effectiveness, as well as increase the productivity by integration of multiple connected platforms. However, it also provides several solutions to enable ease of access as well as better interoperability to boost the productivities and decision making with the collective effort.

Hence, it also reduce the environmental harms and delivers real-time data into the progress of the logistics sector. These advancement will help the market to boost its efficiency in the forecast period.

Connected Logistics Market: Drivers & Restraints

Market Driver:

With the increasing penetration of Internet of Thing (IoT) is witness to boost the growth of the market in the forecast period. Whereas, it can also help to provide an efficient supply chain platform for the logistics as well as for transportation industry. Moreover, it enhance the inventory by asset tracking, as IoT provides a real-time data information for every bit in the supply chain by adding the small Radio-frequency identification (RFID) or by Bluetooth tracker to the package. As well as, it enhances the supply chain visibility which may lead to long term cost savings.

Furthermore, the IoT can also help to enhance the quality of the fleet management, by tracking the vehicle maintenance level as well as by updating. It can also track the vehicle fuel efficiency and the driver behaviors to ensure the safety. These trend will boost the growth of the market in the forecast period.

Market Restraints:

One of the major key concern of the market is the lack of logistics standardization which may hamper the market growth. Whereas, the lack of standardization is excepted to results in inefficient logistics operations which may lead to increase the logistics cost. However, to maintain a high level of global competition the countries need to minimize the logistics cost with the logistics standardizations. For this it need to be focused on various spectrum of the industry such as packaging, labeling, container standardization, as well as the ICT standardization.

Hence, the Lack of logistics standardization is projected to create a major challenge for the growth of the market in the forecast period.

Connected Logistics Market: Key Segments

Connected Logistics Market: Report Scope

The report on the connected logistics market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Report FeaturesSpecificsHistorical/Estimated/Forecasted Market Size Years2019–2027Base Year for Market Calculation2020Forecasted Period2021–2027 (2021 estimated year, forecasted up to 2027)Measured UnitsValue (USD Million)Segments IncludedTechnology, Software, Platform, Service, Transportation Mode, Device, Vertical, and RegionRegional CoverageNorth America, Asia-Pacific, Europe, Middle East & Africa, South America

Key Companies Covered

Connected Logistics Market: Report Segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Connected Logistics Market, by Technology

Connected Logistics Market, by Software

Connected Logistics Market, by Platform

Connected Logistics Market, by Service

Connected Logistics Market, by Transportation Mode

Connected Logistics Market, by Device

Connected Logistics Market, by Vertical

Connected Logistics Market, by Region

Key Questions Answered By The Report

Report Audience

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE Connected Logistics Market STUDY

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