Global Connected Logistics Market Overview:
Connected logistics can be defined as a set of devices, joints or assembly of different technologies that are interdependent and used in key logistics processes to make it more customer-centric, increase its transparency and efficiency, that is done by sharing data, information, and facts with the supply chain partners. Connected logistics helps in redefining the schedule and speeding up the process, hence sharing Information in the business world can be done efficiently and effectively. Some of the key players profiled in the study are AT&T (United States), Eurotech S.P.A. (Italy), IBM Corporation (United States), Intel Corporation (United States), Sap Se (Germany), Infosys Limited (India), Cisco Systems, Inc. (United States), HCL Technologies Limited (India), Orbcomm Inc. (United States) and Cloud Logistics (United States). According to Market Analyst at AMA, the Global Connected Logistics market may see a growth rate of 7.34% and would reach the market size of USD39.8 billion by 2024.
On the basis of geography, the market of Connected Logistics 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). North America region held largest market share in the year 2018. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Transportation Mode, the sub-segment i.e. Roadway will boost the Connected Logistics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Service, the sub-segment i.e. Professional Service will boost the Connected Logistics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Software, the sub-segment i.e. Asset Management will boost the Connected Logistics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Fast and rising adoption of IoT in various domains
- Rising demands for faster operations
- Technological advancement like Big data and analytics platform
- Increasing number of smart cities
- Implementation of IoT in supply chain management (SCM) system
- Rapid advancement in cloud computing
- Adoption of sensor based technologies
- changing government standards
- Increment in count of high-tech vehicles
- Revolution in mobile technologies
- Requirement for logistics transparency
- Related security issues
- Connectivity problems
Competition among the key players is at the peak level, as availability of large number of suppliers and even the threat of new entrant is high owing to market attractiveness. Key players are mainly focusing on adding new features and technologies to gain market attention.
Target Audience:Logistics Solution Provider & Application Developers, Network Operators & System Integrators, Communication Equipment Providers & Consulting Firms, Government Agencies & Authorities, Semiconductor Companies & Embedded Systems Companies, Managed Service and Middleware Companies, Wireless Network Operators and others
Major Objectives Focused through this Study To define, describe, and forecast the Global Connected Logistics market on the basis of product [Device Management, Application Management and Connectivity Management] , application [Retail, Oil & Energy and Gas, Pharmaceuticals and Healthcare, Telecom and IT, Automotive, Aerospace and Defense, Food and Beverage, Chemical and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Connected Logistics market with respect to major geographies, namely, 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)
To strategically profile the key players and analyzing their market shares and core competencies in the Connected Logistics industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are .
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Connected Logistics market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.