What is the global market size of Connected Logistics Market?

Connected Logistics Market size was valued at USD 26.29 billion in 2021 and is poised to grow from USD 30.32 billion in 2022 to USD 82.34 billion by 2030, at a CAGR of 15.34% during the forecast period (2023-2030).

Which region accounted for the largest share in Global Connected Logistics Market?

In 2022, the market was most successful in North America. The availability of a highly developed infrastructure for rail and road connectivity can be credited with the region's progress. Furthermore, the region can be anticipated to contribute the most revenue to the global market during the projected period due to the presence of important players in the sector. Modern infrastructure facilitates the quicker adoption of contemporary technologies. Because of the emergence of new technologies, rising working capital, and explosive growth of the e-commerce industry, the U.S.

Connected Logistics Market Size, Share, Growth Analysis, By Component(Hardware, Software, Services), By Transport Mode(Roadways, Railways, Software, Services), By Region - Industry Forecast 2024-2031

Report ID: SQMIG45F2087 | Region: Global | Published Date: April, 2024
Pages: 197 | Tables: 64 | Figures: 77

Connected Logistics Market Insights

Global Connected Logistics Market size was valued at USD 30.32 billion in 2022 and is poised to grow from USD 34.97 billion in 2023 to USD 109.53 billion by 2031, at a CAGR of 15.34% during the forecast period (2024-2031).

It aids in performance optimisation, position tracking for each fleet vehicle, and risk resilience planning. Approximately 71% of all IP traffic worldwide, according to CISCO, originated from non-PC devices. By 2023, Machine-To-Machine (M2M) connections will account for 50% of all connected devices and connections worldwide. In addition, by 2023, there will be 14.7 billion M2M connections. The market expansion is supplemented by the rising need for mobility, the requirement to lower the cost of administrative operations, the penetration of IoT & Logistics 4.0, and the expanding market for connected devices. Real-time updates, interoperability, and simpler access to necessary information are all benefits of connected logistics for logistical businesses. It offers an interface to combine different devices, allowing for more informed decision-making. The expansion of the connected logistics market is anticipated to be fuelled by the expanding demand for intelligent transportation solutions.

Connected Logistics Market Report Snapshots

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Connected Logistics Market size was valued at USD 30.32 billion in 2022 and is poised to grow from USD 34.97 billion in 2023 to USD 109.53 billion by 2031, at a CAGR of 15.34% during the forecast period (2024-2031).

The existence of numerous multinational and local businesses has led to the linked logistics market's intense competition and fragmented structure. To stay competitive and strengthen their market position even more, all of the key market players are concentrating on developing new products. 'Cisco Systems Inc. (United States)', 'IBM Corporation (United States)', 'SAP SE (Germany)', 'Oracle Corporation (United States)', 'Intel Corporation (United States)', 'Huawei Technologies Co., Ltd. (China)', 'Siemens AG (Germany)', 'Amazon Web Services, Inc. (United States)', 'Microsoft Corporation (United States)', 'Google LLC (United States)', 'Accenture PLC (Ireland)', 'DHL International GmbH (Germany)', 'FedEx Corporation (United States)', 'UPS (United Parcel Service, Inc.) (United States)', 'Deutsche Post AG (Germany)', 'Honeywell International Inc. (United States)', 'General Electric Company (United States)', 'Zebra Technologies Corporation (United States)', 'Cognizant Technology Solutions Corporation (United States)', 'JDA Software Group, Inc. (United States)', 'Qualcomm Technologies, Inc. (United States)', 'ABB Ltd. (Switzerland)'

One of the primary drivers of the connected logistics market is the growing demand for real-time visibility across the supply chain. Connected logistics solutions enable companies to track and monitor the movement of goods, assets, and vehicles in real-time. This helps in improving operational efficiency, reducing delays, optimizing routes, and enhancing overall supply chain visibility.

Connected logistics solutions leverage advanced analytics tools to process and analyze large volumes of data generated across the supply chain. Predictive analytics algorithms enable companies to anticipate demand patterns, optimize inventory levels, and identify potential disruptions. Real-time data combined with predictive insights enables proactive decision-making and enhances overall supply chain responsiveness.

In 2022, the market was most successful in North America. The availability of a highly developed infrastructure for rail and road connectivity can be credited with the region's progress. Furthermore, the region can be anticipated to contribute the most revenue to the market during the projected period due to the presence of important players in the sector. Modern infrastructure facilitates the quicker adoption of contemporary technologies. Because of the emergence of new technologies, rising working capital, and explosive growth of the e-commerce industry, the U.S.

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Connected Logistics Market Size, Share, Growth Analysis, By Component(Hardware, Software, Services), By Transport Mode(Roadways, Railways, Software, Services), By Region - Industry Forecast 2024-2031

Connected Logistics Market Insights

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