The article cited AMA's Global Internet of Things (IoT) in Logistics Market Study explored significant growth with CAGR of 12.5%. According to the report, Adoption of Social Media Platforms
is one of the primary growth factors for the market. Fueling Use of Internet
is also expected to contribute significantly to the Internet of Things (IoT) in Logistics market. Overall, Fleet
applications of Internet of Things (IoT) in Logistics, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. New players are beginning to enter the market and established companies have been changing their business models – a trend that will continue in the future.
AMAs Analyst on the Global Internet of Things (IoT) in Logistics Market identified that the demand is rising in many different parts of the world due to "Technological Advancement such as Drone Based Delivery in Internet of Things in Logistics
". Furthermore, some recent industry insights like "On 6th March 2018, Honeywell has announced collaboration with Kuehne + Nagel world's leading logistics providers for global modernization initiatives for connected distribution centers. and On 29th March 2018, HERE Technologies and Sigfox has announced a collaboration to improve and deploy a global location service that will open new opportunities for Internet of Things (IoT) applications, particularly in supply chain and logistics." is constantly making the industry dynamic. One of the challenges that industry facing is "Vigilant Government Rules and Regulations"
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Internet of Things (IoT) in Logistics market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Internet of Things (IoT) in Logistics market and other related sub-markets covered in the study.
o Key & emerging players in the Internet of Things (IoT) in Logistics market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Internet of Things (IoT) in Logistics market size is calculated using market estimation process, the Internet of Things (IoT) in Logistics market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Internet of Things (IoT) in Logistics market size has been validated using both top-down and bottom-up approaches.