Get 30% off on all global market reports with code ONLINE30 – stay updated on tariff changes, macroeconomic trends, and more!
Connected Logistics Market Transformation: Key Market Size Changes in Recent Years
The market for connected logistics has been expanding swiftly over the past few years. It’s projected to increase from $28.33 billion in 2024 to $32.19 billion in 2025, translating to a compound annual growth rate (CAGR) of 13.6%.
The growth during the historical period is largely due to globalization, the advent of the Internet of Things (IoT), the need for real-time visibility, advancements in cloud computing, and the integration of big data analytics.
Over the coming years, the connected logistics market is anticipated to experience swift expansion. Its growth is projected to reach $52.32 billion by 2029, with a compound annual growth rate (CAGR) of 12.9%.
Factors contributing to this growth in the forecast period include the uptake of blockchain technology, the widespread use of autonomous vehicles, an intensified focus on sustainability, the emergence of predictive analytics, and the growth of smart cities. Key trends predicted for this period involve heightened cybersecurity safeguards, the flourishing of edge computing, augmented utilization of robotics and automation, the spread of 5G networks, and the advent of digital twins.
Claim Your Free Sample Report:
http://www.thebusinessresearchcompany.com/sample….p;type=smp
What’s Behind the Consistent Growth of the Connected Logistics Industry?
The potential growth in the connected logistics market is expected to be fueled by the rising presence of Internet of Things (IoT) connected devices. IoT refers to a system of devices that are linked together and can exchange data via the internet.
Increased demand for efficiency, interconnectedness, and automation across various sectors and everyday tasks is driving this trend.
Logistical devices connected through IoT can provide real-time shipment tracking, enhance inventory management, optimize route planning, monitor vehicle status, and simplify supply chain procedures.
All these result in heightened efficiency, cost reduction, and improved customer satisfaction. For instance, Ericsson, a telecommunications firm based in Sweden, estimated in a report published in November 2022 that by 2023, the number of IoT connections globally would reach 15.7 billion.
The report also forecasts that this number will significantly increase to nearly 38.9 billion by 2029, with a 16% growth rate. Hence, the increasing prevalence of IoT-connected devices is significantly propelling the growth of the connected logistics market.
Top Revenue-Generating Segments in the Connected Logistics Market
The connected logisticsmarket covered in this report is segmented –
1) By Component: Hardware, Solutions, Services
2) By Transportation: Roadways, Railways, Airways, Maritime
3) By Application: Inventory Tracking, Optimized Warehousing, Real-Time Fleet Management, Predictive Maintenance, Cargo Integrity Monitoring, End-To-End Delivery Tracking, Other Applications
4) By End-Use Industries: Automotive, Healthcare And Pharmaceuticals, Oil And Gas, Food And Beverage, Aerospace And Defense, Manufacturing, Information Technology (IT) And Telecommunication, Retail And E-Commerce, Other End-Use Industries
Subsegments:
1) By Hardware: Sensors, RFID Tags, GPS Devices, Communication Devices, Others (Drones, Cameras)
2) By Solutions: Fleet Management Software, Warehouse Management Systems (WMS), Supply Chain Visibility Platforms, Route Optimization Software, Inventory Management Solutions, Predictive Maintenance Solutions, Others
3) By Services: Integration Services, Consulting Services, Managed Services, Maintenance And Support Services, Data Analytics Services, Training And Support Services
Access the Full Report Today:
http://www.thebusinessresearchcompany.com/report/…ket-report
What Technological Trends Are Set to Revolutionize the Connected Logistics Market?
Leading entities in the connected logistics market are striving to develop sophisticated solutions including cloud-based services, with the aim of boosting efficiency within the worldwide supply chain. These solutions play a pivotal role, offering scalable, accessible, and centralized platforms for data storage, processing, and analysis, which aid quick decision-making and collaboration along the supply chain.
For example, in December 2023, Fujitsu Limited, a top information and communications technology service provider from Japan, pioneered the creation of a cloud-based service that standardizes and visualizes logistics data for shippers, logistics companies, and supply chain providers. This inventive service introduces tools designed to foster sustainability while addressing obstacles such as driver shortages, cutting down of carbon emissions, and adherence to industry regulations.
The service provides automatic data conversion to confirm to logistics information standard guidelines, features to link, alter, and store diverse logistics data, and tools for visualizing and analyzing logistics KPIs. The introduction of this service aims to ease collaboration between companies, streamline the supply chain, and confront issues like driver shortages and energy wastage through the use of shared vehicles.
How Are Different Regions Contributing to the Connected Logistics Market’s Growth?
North America was the largest region in the connected logistics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period.
The regions covered in the connected logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Get a Customized Version of the Report:
http://www.thebusinessresearchcompany.com/customi…p;type=smp
Which Firms Are Setting the Benchmark in the Global Connected Logistics Market?
Major companies operating in the connected logistics market are Microsoft Corporation, AT&T Inc., DHL International GmbH, Robert Bosch GmbH, FedEx Corporation, Huawei Technologies, Amazon Web Services, Siemens, Intel Corporation, Accenture, International Business Machines Corporation, Cisco System Inc., Oracle Corporation, Honeywell International Inc., SAP SE, TATA Consulting Services Ltd., NEC Corporation, Nippon Express Co. Ltd., Infosys Limited, HCL Technology Limited, Xpo Logistics Inc., Hexagon AB, Senko Group Holdings Co., Ltd., Yusen Logistics Co.
Ltd., Trimble, Orbcomm, Eurotech Group, Freightgate Inc.
Access the Complete Report:
http://www.thebusinessresearchcompany.com/purchas…x?id=14885
How Our Market Research Reports Help Maximize ROI Across Industries:
* Identify High-Growth Opportunities: Pinpoint emerging trends, untapped segments, and regional hotspots that align with your strategic goals.
* Reduce Investment Risk: Make data-driven decisions with confidence by understanding market dynamics, key drivers, and competitive threats.
* Optimize Strategic Planning: Align your product development, marketing, and expansion plans with industry forecasts and customer behaviour insights.
Americas +1 310-496-7795
Europe +44 7882 955267
Asia & Others +44 7882 955267 & +91 8897263534
News From
The Business Research Company …
Category: Industry Reports & Market Analysis Profile: The Business Research Company is a leading market research and consulting services provider. It offers over 9,500 market reports across 27 industries in 60+ geographies, providing detailed insights and forecasts. Its customised research solutions support companies in making critical decisions, while its continuous research service enhances organizational capabilities. The flagship Global Market Model database provides comprehensive market intelligence with 1,500,000 datasets covering 8,000+ mark …
This email address is being protected from spambots. You need JavaScript enabled to view it.
