What is IoT For Cold Chain Monitoring?
The Internet of Things (IoT) has been transforming the perishable supply chain. The advent of smarter cold chain systems has been providing managers live data about temperature and location besides empowering them with the ability to remotely control logistics. As a result of the increasing demand for real-time and remote surveillance of crucial parameters of shipment, IoT cold chain monitoring has become highly sought-after in the transport of medicines, frozen food, vaccines, and other products.
The market study is broken down, by Application (Healthcare & Pharma, Retail & CPG, Food & Beverages, Chemicals and Others) and major geographies with country level break-up.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analysts at AMA Research estimates that Manufacturers from United States will contribute to the maximum growth of Global IoT For Cold Chain Monitoring market throughout the predicted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Huawei Technologies (China), Aeris Communication (United States), HC Technologies (United States), SenseGiz Inc. (United States), Zebra Technologies (United States), TE Connectivity (Switzerland), Moschip Technologies Limited (India), Laird Connectivity (United States) and Roambee Corporation (United States) are some of the key players that are part of study coverage.
AdvanceMarketAnalytics has segmented the market of Global IoT For Cold Chain Monitoring market by Type, Application and Region.
On the basis of geography, the market of IoT For Cold Chain Monitoring has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Enterprise, the sub-segment i.e. SMEs will boost the IoT For Cold Chain Monitoring market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Hardware will boost the IoT For Cold Chain Monitoring market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Logistics, the sub-segment i.e. Storage will boost the IoT For Cold Chain Monitoring market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In August 2020, Roambee Corporation entered into a partnership agreement with Rogers to enable businesses to take advantage of the Internet of Things technologies, resulting in smarter, more agile supply chain and connected operations.
In December 2020, Laird Connectivity introduced Sentrius BT610 IoT sensor that is built on Laird Connectivity expertise developing the longest range sensors
- Technological Investments in Building Refrigerated Warehouses and Government Efforts
- Growing Demand for Cold Chain Monitoring in Industries Such as Food & Beverages, Healthcare & Pharma, Chemicals and Others
- Increasing Need to Reduce Food Wastage
- Rising Government Investments and Efforts to Reduce Food Spoilage and Prevent Damage of Other Temperature Sensitive Goods
- Rapid Urbanization is Boosting the Market Growth
- Decline in Trade and Industrial Activities
- Stiff Competition Among the Major Players
Key Target AudienceIoT For Cold Chain Monitoring Service Provider, Technology Provider, Government Associations, Research Organizations, Software Vendors and Others
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.