The global connected logistics market is to increase from US$ 20.7 billion in 2020 to US$ 34.2 billion by 2025 with a compound annual growth rate (CAGR) of 10.5% for the period 2020-2025. The emergence of high tech vehicles is the major driving factor for the growth of the connected logistics market. The growing need for connected logistics in several sectors, such as food and beverage, healthcare and pharmaceuticals, manufacturing, etc., to move goods safely over a minimum amount of time raises the need for connected logistics. For example, the Volvo group declared its corporation with Nvidia for the production of self-driving trucks. Both firms working to create an advanced artificial intelligence framework for the analysis of driving results. Therefore, the development of autonomous vehicles uplifts the demand for connected logistics. Besides, the growing mobility demand has emphasized challenges such as volatile oil prices, massive investment, and dealing with emission. The player is involved in developing a high-tech vehicle that is capable of meeting the future need of the economy as well as society. High-tech vehicles are also utilized in supply chain and logistics which helps in enhancing efficiency and safety of transportation, along with better environmental sustainability. Hence, these factors lead to the development and growth of the connected logistics market in the forecasting years.
The research report on the global connected logistics market provides extensive competition analysis and competitive conditions. The report includes information on significant products, players, challenges and developments, and other information specific to the connected logistics market. The data in this report is targeted for business and industry practitioners and specifically intended to assist in the explanation, direction, and to understand of the potential of the connected logistics markets. The study focuses on providing readers with an understanding of developments in the industry, market segments, market forecasts, leading players, and market drivers and inhibitors.
- Goals and objectives of the study
- Define key market trends, innovations, opportunities, and factors influencing the global connected logistics market and its sub-segments.
- Identify and analyze primary industry categories and their respective frameworks for the connected logistics market.
- Predict the total size of the connected logistics market internationally and analyze it based on the component, transportation mode, industry, and region.
- Classify primary players and assess the business environment based on recent developments and segment revenue.
Chapter 2, "Market Overview" provides an overview of the connected logistics market. The chapter includes macro-economic factors, market determinants (includes market drivers, restraints, opportunities, and challenges), value chain analysis, technology/product roadmap, Porter 5 force model analysis, market growth opportunity analysis.
Chapter 3 "Segment Analysis" of the study deals with the different sub-segments of the market to calculate reliable market forecasts. The connected logistics market was segmented based on component, transportation mode, and industry. The chapter provides an in-depth analysis of the market segments of the connected logistics market, year-on-year growth projections that enable readers to identify potential market growth areas.
- Market Segmentation
- Based on component, the global demand for connected logistics is segmenting into hardware (connectivity devices kit), software (asset management (remote asset management, predictive asset maintenance & monitoring), warehouse (building automatic system, warehouse management system, warehouse control system), security, data management, network management, streaming analytics), platform (device management platform, application enablement platform, network management platform) and service (professional services, managed services).
- Based on transportation mode, the connected logistics market is segmenting into the roadway, railway, airway, and seaway.
- Based on industry, the market is segmenting into aerospace and defense, automotive, chemicals, food and beverage, manufacturing, oil, gas, and energy, pharmaceuticals and healthcare, retail, telecom & information technology, and others.
Chapter 4, "Regional Analysis" includes an in-depth analysis of the connected logistics market by regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. The report also includes a comprehensive analysis of the connected logistics market in key countries such as the United States, Canada, Germany, France, Italy, Spain, China, India, Japan, the GCC, South Africa, Brazil, Mexico, and the rest of the world. Regional insight helps market competitors to make crucial decisions about their company. Individualized, country-wise, and segment-wise analyses by region allow readers of the connected logistics market report to explore the potential of the market in different geographies. For each year's growth projections and a global share of value, this section is a vital part of the report.
Chapter 5 "Competitive Analysis" of the report includes company shares analysis, a list of acquisitions, mergers, collaboration, and the introduction of new products.
Chapter 6 "Company Profile" of the report also covers key industry players working on the connected logistics market. Some of the prominent competitors in the connected logistics market are At&t, Inc., Cisco System Inc., Cloud Logistics, Eurotech S.P.A., Freightgate Inc., HCL Technologies Limited, IBM Corporation, Infosys Limited, Intel Corporation, SAP SE. The report also discusses the business strategies adopted by the players at the global, regional, and country-level. The study also focuses on various businesses or inorganic business development strategies for expanding consumer networks through product formation, organization extension, partnerships, mergers, and acquisitions.
The study offers an exhaustive summary and estimate of the global connected logistics market. It includes in-depth qualitative and quantitative analyses in the report that aligned with the goals and objectives of our customers. Projections have been confirmed by comprehensive primary and secondary analysis. The study will encourage clients to invest in the connected logistics market based on the current business situation, trends, and potential developments in the segments. Understanding the requirement of the client, the report delivers specialist insights into the global connected logistics market, its products, and market patterns.
