Connected Logistics Market – Forecast on Market Dynamics, Emerging Trends, Growth Factors

The global connected logistics market is moderately fragmented with leading players merging and acquiring other companies as part of their growth strategy, states Transparency Market Research (TMR) in its latest report on connected logistics. Some of the leading players within the market are International Business Machines Corporation, Infosys Limited, Google Inc., Oracle Corporation, Amazon Web Services Inc., Microsoft Corporation, Dynatrace LLC, SAP SE, NETSUITE Inc., and Freightgate Inc.

According to TMR, the global connected logistics market will rise to US$55.17 bn by 2025, expanding at a 17.8% CAGR from 2017 to 2025. On the basis of service, it is expected that the connected logistics market will be led by the asset management service segment on account of advanced transportation and logistics infrastructure needed and also due to globalization.

Most Lucrative Regional Market to be Asia Pacific for Connected Logistics

In terms of geography, North America is leading in the market at present as businesses dealing with delicate products are increasingly in need for integrity control. Europe is expected to be the second largest contributor to the revenue of the connected logistics market. The healthcare sector in Europe is extensively making use of connected logistics and this will drive the growth of the market in Europe. However Asia Pacific will steal the show by expanding at the fastest pace between 2017 and 2025 exhibiting an impressive CAGR of 18.1%. The e-commerce sector is flourishing in Asia Pacific and is a sector which requires real-time tracking of products, thereby making use of connected logistics extensively.

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Increasing Demand for Transparency Control to Drive Demand for Connected Logistics

According to the report, the rising need for transparency control and integrity will be an important factor behind the growth of the connected logistics market. Connected logistics is driven by the need for product delivery at optimal cost, timely delivery, perfect condition of the product, and the need for delivering right product to the right place. Connected logistics is especially required for the transportation of goods which are delicate and would require special monitoring during transit. Today, shipment details as well as the facility of tracking a product in real time has become essential in logistics and ecommerce. This in turn, will fuel the growth of the market for connected logistics.

Proliferation of Internet of Things to benefit Connected Logistics Market

The proliferation of Internet of Things has also helped this market to grow. Connected Logistics can help provide real-time information regarding the weather, the shipping lane traffic, and road conditions on being connected to internal or external data feed. By receiving alerts on severe fluctuation of the temperature or weather, manufacturers are able to take  appropriate actions before their products are damaged.

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Connected Logistics Market – Trends and Opportunities for the Industry by 2025

A report by Transparency Market Research highlights International Business Machines Corporation, Google Inc., Amazon Web Services Inc., Infosys Limited, Microsoft Corporation, SAP SE, Dynatrace LLC, NETSUITE Inc., Oracle Corporation, and Freightgate Inc.as the key companies in theglobal connected logistics market.

“Key players in the global market for connected logistics are adopting numerous strategies to stay competitive. Product development and mergers and acquisitions are some of the key growth strategies adopted by key players to steal a march over their competitors,” explains the author of the study.

 

The report by Transparency Market Research estimates the global connected logistics market to expand at a robust CAGR of 17.8% between 2017 and 2025. Progressing at this pace, the market’s valuation will become US$55.17 bn by the end of 2025 from US$10.21 bn in 2016.

Asia Pacific to Exhibit Lucrative Opportunities over Forecast Period

The global market for connected logistics by service has been segmented into asset management, remote asset tracking, security, network management, and data management.

North America, Asia Pacific, Europe, the Middle East and Africa, and Latin America are the key segments of the global connected logistics market based on geography. North America currently leads the global connected logistics market vis-à-vis revenue. However, the Asia Pacific market is expected to surpass other regions in terms of growth rate over the forecast period.

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Real-time Tracking of Sensitive Products Pushes Adoption

Amongst several growth drivers of the connected logistics market, breakthrough development in the transportation of sensitive products such as pharmaceutical items is a key one. For instance, in the event of severe temperature fluctuations at the time of transport, the manufacturer would receive alerts and would be in a position to take action before the products gets affected.

Connected logistics have added a new dimension to the management of logistics across all industry sectors. Connected logistics involves several sensors that provide real-time information related to road conditions, weather, and shipping lane traffic when connected to internal and external data feed.

The internet of things technology is increasingly becoming central to business processes across industry verticals. With the rising prominence of internet of things in the logistics industry and the multiple applications of connected logistics in e-commerce, the global connected logistics market is receiving a fillip.

Along with this, the growing need for integrity and transparency control, which includes place, right products, on time delivery, perfect condition of the product, and product delivery at optimal cost, along the supply chain is driving the need for connected logistics. This is mainly for the transportation of delicate goods that need special monitoring at the time of transportation. Further, in logistics and e-commerce, shipment details and real time product tracking have become a necessity, which are some other factors driving the market.

Another key factor stoking growth of the global connected logistics market is need for transparency in networks and assets from logistics companies. This is mainly for optimization of network utilization and to attain maximum efficiency in the process.

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Connected Logistics Market: Asia Pacific to Clock Robust Growth in Near Future

A report by Transparency Market Research highlights International Business Machines Corporation, Google Inc., Amazon Web Services Inc., Infosys Limited, Microsoft Corporation, SAP SE, Dynatrace LLC, NETSUITE Inc., Oracle Corporation, and Freightgate Inc.as the key companies in the global connected logistics market.

“Key players in the global market for connected logistics are adopting numerous strategies to stay competitive. Product development and mergers and acquisitions are some of the key growth strategies adopted by key players to steal a march over their competitors,” explains the author of the study.

 

The report by Transparency Market Research estimates the global connected logistics market to expand at a robust CAGR of 17.8% between 2017 and 2025. Progressing at this pace, the market’s valuation will become US$55.17 bn by the end of 2025 from US$10.21 bn in 2016.

Asia Pacific to Exhibit Lucrative Opportunities over Forecast Period

The global market for connected logistics by service has been segmented into asset management, remote asset tracking, security, network management, and data management.

North America, Asia Pacific, Europe, the Middle East and Africa, and Latin America are the key segments of the global connected logistics market based on geography. North America currently leads the global connected logistics market vis-à-vis revenue. However, the Asia Pacific market is expected to surpass other regions in terms of growth rate over the forecast period.

Fill the form to gain deeper insights on this market @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=25196

Real-time Tracking of Sensitive Products Pushes Adoption

Amongst several growth drivers of the connected logistics market, breakthrough development in the transportation of sensitive products such as pharmaceutical items is a key one. For instance, in the event of severe temperature fluctuations at the time of transport, the manufacturer would receive alerts and would be in a position to take action before the products gets affected.

Connected logistics have added a new dimension to the management of logistics across all industry sectors. Connected logistics involves several sensors that provide real-time information related to road conditions, weather, and shipping lane traffic when connected to internal and external data feed.

The internet of things technology is increasingly becoming central to business processes across industry verticals. With the rising prominence of internet of things in the logistics industry and the multiple applications of connected logistics in e-commerce, the global connected logistics market is receiving a fillip.

Along with this, the growing need for integrity and transparency control, which includes place, right products, on time delivery, perfect condition of the product, and product delivery at optimal cost, along the supply chain is driving the need for connected logistics. This is mainly for the transportation of delicate goods that need special monitoring at the time of transportation. Further, in logistics and e-commerce, shipment details and real time product tracking have become a necessity, which are some other factors driving the market.

Another key factor stoking growth of the global connected logistics market is need for transparency in networks and assets from logistics companies. This is mainly for optimization of network utilization and to attain maximum efficiency in the process.

Read More