Connected Logistics Market Overview and Analysis:
The Global Connected Logistics Market is currently valued at USD 27.2 Billion in the year 2022 and is expected to register a CAGR of 17.5% during the forecast period (2023 - 2030).
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Connected logistics is an interdependent set of communication devices, joints, and Internet of Things (IoT) technologies that change the key logistical processes to become more customer-centric by sharing data, information, and facts with the supply chain partners.
Connected Logistics helps businesses become more customer-centric and efficient by increasing transparency in the business process. The increasing adoption of IoT and sensor-based technologies like RFID in various domains, including the Supply Chain Management (SCM) system, will drive the connected logistics market in the forecast period.
Segmentation:
The Connected Logistics Market is segmented
By Software :
- Asset Management
- Warehouse IoT
- Security
- Data Management
- Network Management
- Streaming Analytics
Transportation Mode :
- Roadways
- Railways
- Airways
- Seaways
End-user Industries
Geography
- North America
- Europe
- Asia-Pacific
- Middle East
- Africa
- South America
The report offers the market size and forecasts in value (USD million) for the above-mentioned segments.
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Connected Logistics Market Latest Trends:
The IoT continues to play a significant role in connected logistics. Sensors and devices were being used to monitor the location, condition, and performance of assets such as vehicles, containers, and goods in transit. Real-time data from these devices allowed for better visibility and control over the supply chain. Moreover, the rollout of 5G networks was expected to improve the connectivity and data transmission capabilities of IoT devices, enabling faster and more reliable data exchange in logistics operations
Drivers
Growing Adoption of Technology-enabled Devices
The growing adoption of technology-enabled devices and connected logistics is leading to greater efficiency, transparency, and innovation in the logistics and supply chain industry. Internet of Things (IoT) technology is being increasingly integrated into logistics operations. Sensors and devices are attached to assets such as vehicles, containers, and packages to collect real-time data on their location, condition, and status. This data is invaluable for tracking and managing goods in transit, improving inventory management, and optimizing routes. Thus, the market is expected to witness significant growth over the forecast period.
Emergence of Autonomous Vehicles
Autonomous trucks, often referred to as self-driving trucks, are being developed and tested by various companies. These vehicles have the potential to revolutionize long-haul transportation by reducing labor costs, improving fuel efficiency, and increasing safety. The integration of Internet of Things (IoT) devices with vehicles, containers, and packages provides real-time data on their location, condition, and performance. This data enhances visibility and helps in monitoring and managing assets and shipments. Thus, the market is expected to witness significant growth over the forecast period.
Restraints
Lack of Logistics Standardization
Without standardized protocols and formats for data exchange, different logistics systems and devices may not be compatible with each other. This can lead to interoperability issues, where data from one system cannot be easily integrated with another. For connected logistics to reach its full potential, it's essential that devices and systems from different manufacturers can seamlessly communicate and share data. Thus, the growth of the market may slow down over the studied period.
COVID-19 Impact on Connected Logistics Market
The pandemic accelerated the adoption of digital technologies in the logistics industry. Companies recognized the need to increase visibility and control over their supply chains, leading to greater interest in connected logistics solutions. Also, the COVID-19 pandemic served as a catalyst for the adoption of connected logistics solutions. It highlighted the importance of real-time data, visibility, and agility in supply chain management. As a result, the connected logistics market experienced increased interest and investment as companies sought to address the challenges posed by the pandemic and prepare for future disruptions.
Segmental Analysis
Software Segment is Expected to Witness Significant Growth Over the Forecast Period
The software for the connected logistics market encompasses a wide range of solutions and platforms that enable real-time tracking, monitoring, optimization, and management of various aspects of the supply chain and transportation. These software solutions play a crucial role in improving efficiency, visibility, and decision-making within the logistics industry. For instance, TMS software helps optimize the planning and execution of transportation operations. It includes features for route optimization, carrier selection, load optimization, and real-time tracking of shipments. Thus, such development of software is expected to fuel the growth of the segment, thereby fueling the growth of the studied market.
The Railway Segment is Expected to Witness Significant growth over the Forecast Period
The connected logistics in railways leverage technology and data to optimize rail transportation, enhance safety, and improve the overall efficiency of the supply chain. It plays a vital role in modernizing and advancing the railway industry to meet the demands of a rapidly changing logistics landscape. Moreover, connected logistics in railways often involve the use of telematics and onboard sensors to monitor the condition and location of rail assets such as locomotives, railcars, and freight containers in real time. These sensors provide data on factors like temperature, humidity, speed, and track conditions, enabling proactive maintenance and better asset utilization. Thus, the segment is expected to witness significant growth over the forecast period.
Commercial Vehicle Segment is Expected to Witness Significant growth over the Forecast Period
Commercial vehicles play a critical role in connected logistics, as they are essential for the transportation of goods and materials within the supply chain. Connected logistics solutions for commercial vehicles involve the integration of various technologies, software, and data-driven systems to optimize operations, enhance safety, and improve efficiency. Telematics systems are installed in commercial vehicles to collect and transmit data on vehicle location, speed, fuel consumption, engine performance, and more. Fleet management software then processes this data to optimize routes, improve fuel efficiency, and schedule maintenance.
Moreover, connected logistics systems use vehicle data to predict maintenance needs. By analyzing factors like engine performance and mileage, maintenance schedules can be optimized to reduce downtime and prevent breakdowns. Thus, the segment is expected to grow significantly growth over the forecast period.
Retail & E-commerce Segment is Expected to Witness Significant growth over the Forecast Period
The retail and e-commerce industry has undergone significant transformations in recent years, with connected logistics playing a crucial role in shaping its future. The rise of e-commerce has revolutionized the retail industry. E-commerce allows consumers to shop online, making it convenient and accessible. This trend has accelerated, especially during the COVID-19 pandemic when online shopping became a necessity for many. Moreover, retailers use data and artificial intelligence to personalize the shopping experience. Recommendations based on past purchases and user behavior have become common, enhancing customer satisfaction and increasing sales. Thus, the segment is expected to witness significant growth over the forecast period.
Asia-Pacific Region is Expected to Witness Significant Growth over the Forecast Period
The Asia Pacific region is poised for substantial revenue growth in the coming years, particularly in developing economies such as India and China. Factors driving this growth include advancements in technology, the proliferation of sensors, and increased automation.
For example, China stands as the world's largest E-Commerce market, accounting for over 50% of global E-Commerce transactions. According to Dezan Shira & Associates, the number of digital buyers in China exceeded 634 million in 2020. Furthermore, China's E-Commerce market is projected to surpass the combined markets of the U.S., U.K., Japan, Germany, and France. The recent expansion of China's E-commerce industry can be attributed to improvements in internet infrastructure and the establishment of global logistics networks.
In a similar vein, Singapore has embarked on a transformation journey within the logistics sector to bolster its position in the Asia Pacific logistics industry. The Singaporean government has initiated this transformation as part of its $4.5 billion Industry Transformation Programme. The primary objective of this program is to enhance the efficiency of logistics operations, foster innovation leadership, cultivate a skilled local logistics workforce, and make Singapore an attractive destination for foreign investment.
This initiative is referred to as the Logistics Industry Transformation Map (ITM) and aligns with similar strategies employed in Singapore's food and beverage and precision engineering sectors.
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Competitive Landscape:
The competitive landscape of the global connected logistics market is moderately fragmented due to the presence of many existing and emerging players in the market. The technological developments in the logistics industry are expected to fuel the rise in investments and product innovations. The competitors are proactively addressing the challenges by crafting strategies that can have the best overall effect on the market’s progress. The opportunities for growth in the market have ample scope for development in the forecast period. Some of the companies working in this domain are:
-
Intel Corporation
- Infosys Limited
- Cisco System Inc.
- HCL Technology Limited
- IBM Corporation
- SAP SE
- ORBOCMM
- Honeywell International Inc.
- NEC Corporation
Recent Development:
1. May 2020 - E2open Parent Holdings, Inc., a leading network-based provider of a 100% cloud-based, mission-critical, end-to-end supply chain management platform, announced to acquisition of BluJay Solutions, a leading cloud-based logistics execution platform for approximately USD 1.7 billion.
2. June 2021 - Holisol Logistics, which provides end-to-end (E2E) supply chain management solutions, has raised USD 3 million in debt financing from Northern Arc Capital. Holisol provides E2E solutions due to customer demands for supply chain logistics. The proceeds shall be used for the company’s growth and to increase demand
Frequently Asked Questions (FAQ) :
Q1. What is the current Connected Logistics Market size?
The Global Connected Logistics Market is currently valued at USD 27.2 Billion.
Q2. What is the Growth Rate of the Connected Logistics Market?
Connected Logistics Market is expected to register a CAGR of 17.5% during the forecast period
Q3. Which region has the largest share of the Connected Logistics Market? What are the largest region's market size and growth rate??
Asia Pacific region has the largest share of the market . For detailed insights on the largest region's market size and growth rate request a sample here
Q4. What are the factors on which the Connected Logistics Market research is based on?
By Software, By Transportation & Geography are the factors on which the Connected Logistics Market research is based.
1.1 Product Overview and Scope of Connected Logistics
1.2 Market Estimation Caveats and Base Year
1.3 Classification of Connected Logistics by Type
1.3.1 Overview: Global Connected Logistics Market Size by Type: 2019 Versus 2023 Versus 2030
1.3.2 Global Connected Logistics Consumption Value Market Share by Type in 2023
1.3.3 Device Management
1.3.4 Application Management
1.3.5 Connectivity Management
1.4 Global Connected Logistics Market by Application
1.4.1 Overview: Global Connected Logistics Market Size by Application: 2019 Versus 2023 Versus 2030
1.4.2 Roadway
1.4.3 Railway
1.4.4 Airway
1.4.5 Seaway
1.5 Global Connected Logistics Market Size & Forecast
1.6 Global Connected Logistics Market Size and Forecast by Region
1.6.1 Global Connected Logistics Market Size by Region: 2019 VS 2023 VS 2030
1.6.2 Global Connected Logistics Market Size by Region, (2019-2030)
1.6.3 North America Connected Logistics Market Size and Prospect (2019-2030)
1.6.4 Europe Connected Logistics Market Size and Prospect (2019-2030)
1.6.5 Asia-Pacific Connected Logistics Market Size and Prospect (2019-2030)
1.6.6 South America Connected Logistics Market Size and Prospect (2019-2030)
1.6.7 Middle East and Africa Connected Logistics Market Size and Prospect (2019-2030)
2 Company Profiles
2.1 Cisco System
2.1.1 Cisco System Details
2.1.2 Cisco System Major Business
2.1.3 Cisco System Connected Logistics Product and Solutions
2.1.4 Cisco System Connected Logistics Revenue, Gross Margin and Market Share (2019-2024)
2.1.5 Cisco System Recent Developments and Future Plans
2.2 Eurotech
2.2.1 Eurotech Details
2.2.2 Eurotech Major Business
2.2.3 Eurotech Connected Logistics Product and Solutions
2.2.4 Eurotech Connected Logistics Revenue, Gross Margin and Market Share (2019-2024)
2.2.5 Eurotech Recent Developments and Future Plans
2.3 GT Nexus
2.3.1 GT Nexus Details
2.3.2 GT Nexus Major Business
2.3.3 GT Nexus Connected Logistics Product and Solutions
2.3.4 GT Nexus Connected Logistics Revenue, Gross Margin and Market Share (2019-2024)
2.3.5 GT Nexus Recent Developments and Future Plans
2.4 Infosys
2.4.1 Infosys Details
2.4.2 Infosys Major Business
2.4.3 Infosys Connected Logistics Product and Solutions
2.4.4 Infosys Connected Logistics Revenue, Gross Margin and Market Share (2019-2024)
2.4.5 Infosys Recent Developments and Future Plans
2.5 IBM
2.5.1 IBM Details
2.5.2 IBM Major Business
2.5.3 IBM Connected Logistics Product and Solutions
2.5.4 IBM Connected Logistics Revenue, Gross Margin and Market Share (2019-2024)
2.5.5 IBM Recent Developments and Future Plans
2.6 Oracle Corporation
2.6.1 Oracle Corporation Details
2.6.2 Oracle Corporation Major Business
2.6.3 Oracle Corporation Connected Logistics Product and Solutions
2.6.4 Oracle Corporation Connected Logistics Revenue, Gross Margin and Market Share (2019-2024)
2.6.5 Oracle Corporation Recent Developments and Future Plans
2.7 SAP SE
2.7.1 SAP SE Details
2.7.2 SAP SE Major Business
2.7.3 SAP SE Connected Logistics Product and Solutions
2.7.4 SAP SE Connected Logistics Revenue, Gross Margin and Market Share (2019-2024)
2.7.5 SAP SE Recent Developments and Future Plans
2.8 Securerf Corporation
2.8.1 Securerf Corporation Details
2.8.2 Securerf Corporation Major Business
2.8.3 Securerf Corporation Connected Logistics Product and Solutions
2.8.4 Securerf Corporation Connected Logistics Revenue, Gross Margin and Market Share (2019-2024)
2.8.5 Securerf Corporation Recent Developments and Future Plans
2.9 Zebra Technologies
2.9.1 Zebra Technologies Details
2.9.2 Zebra Technologies Major Business
2.9.3 Zebra Technologies Connected Logistics Product and Solutions
2.9.4 Zebra Technologies Connected Logistics Revenue, Gross Margin and Market Share (2019-2024)
2.9.5 Zebra Technologies Recent Developments and Future Plans
2.10 AT&T
2.10.1 AT&T Details
2.10.2 AT&T Major Business
2.10.3 AT&T Connected Logistics Product and Solutions
2.10.4 AT&T Connected Logistics Revenue, Gross Margin and Market Share (2019-2024)
2.10.5 AT&T Recent Developments and Future Plans
3 Market Competition, by Players
3.1 Global Connected Logistics Revenue and Share by Players (2019-2024)
3.2 Market Share Analysis (2023)
3.2.1 Market Share of Connected Logistics by Company Revenue
3.2.2 Top 3 Connected Logistics Players Market Share in 2023
3.2.3 Top 6 Connected Logistics Players Market Share in 2023
3.3 Connected Logistics Market: Overall Company Footprint Analysis
3.3.1 Connected Logistics Market: Region Footprint
3.3.2 Connected Logistics Market: Company Product Type Footprint
3.3.3 Connected Logistics Market: Company Product Application Footprint
3.4 New Market Entrants and Barriers to Market Entry
3.5 Mergers, Acquisition, Agreements, and Collaborations
4 Market Size Segment by Type
4.1 Global Connected Logistics Consumption Value and Market Share by Type (2019-2024)
4.2 Global Connected Logistics Market Forecast by Type (2025-2030)
5 Market Size Segment by Application
5.1 Global Connected Logistics Consumption Value Market Share by Application (2019-2024)
5.2 Global Connected Logistics Market Forecast by Application (2025-2030)
6 North America
6.1 North America Connected Logistics Consumption Value by Type (2019-2030)
6.2 North America Connected Logistics Consumption Value by Application (2019-2030)
6.3 North America Connected Logistics Market Size by Country
6.3.1 North America Connected Logistics Consumption Value by Country (2019-2030)
6.3.2 United States Connected Logistics Market Size and Forecast (2019-2030)
6.3.3 Canada Connected Logistics Market Size and Forecast (2019-2030)
6.3.4 Mexico Connected Logistics Market Size and Forecast (2019-2030)
7 Europe
7.1 Europe Connected Logistics Consumption Value by Type (2019-2030)
7.2 Europe Connected Logistics Consumption Value by Application (2019-2030)
7.3 Europe Connected Logistics Market Size by Country
7.3.1 Europe Connected Logistics Consumption Value by Country (2019-2030)
7.3.2 Germany Connected Logistics Market Size and Forecast (2019-2030)
7.3.3 France Connected Logistics Market Size and Forecast (2019-2030)
7.3.4 United Kingdom Connected Logistics Market Size and Forecast (2019-2030)
7.3.5 Russia Connected Logistics Market Size and Forecast (2019-2030)
7.3.6 Italy Connected Logistics Market Size and Forecast (2019-2030)
8 Asia-Pacific
8.1 Asia-Pacific Connected Logistics Consumption Value by Type (2019-2030)
8.2 Asia-Pacific Connected Logistics Consumption Value by Application (2019-2030)
8.3 Asia-Pacific Connected Logistics Market Size by Region
8.3.1 Asia-Pacific Connected Logistics Consumption Value by Region (2019-2030)
8.3.2 China Connected Logistics Market Size and Forecast (2019-2030)
8.3.3 Japan Connected Logistics Market Size and Forecast (2019-2030)
8.3.4 South Korea Connected Logistics Market Size and Forecast (2019-2030)
8.3.5 India Connected Logistics Market Size and Forecast (2019-2030)
8.3.6 Southeast Asia Connected Logistics Market Size and Forecast (2019-2030)
8.3.7 Australia Connected Logistics Market Size and Forecast (2019-2030)
9 South America
9.1 South America Connected Logistics Consumption Value by Type (2019-2030)
9.2 South America Connected Logistics Consumption Value by Application (2019-2030)
9.3 South America Connected Logistics Market Size by Country
9.3.1 South America Connected Logistics Consumption Value by Country (2019-2030)
9.3.2 Brazil Connected Logistics Market Size and Forecast (2019-2030)
9.3.3 Argentina Connected Logistics Market Size and Forecast (2019-2030)
10 Middle East & Africa
10.1 Middle East & Africa Connected Logistics Consumption Value by Type (2019-2030)
10.2 Middle East & Africa Connected Logistics Consumption Value by Application (2019-2030)
10.3 Middle East & Africa Connected Logistics Market Size by Country
10.3.1 Middle East & Africa Connected Logistics Consumption Value by Country (2019-2030)
10.3.2 Turkey Connected Logistics Market Size and Forecast (2019-2030)
10.3.3 Saudi Arabia Connected Logistics Market Size and Forecast (2019-2030)
10.3.4 UAE Connected Logistics Market Size and Forecast (2019-2030)
11 Market Dynamics
11.1 Connected Logistics Market Drivers
11.2 Connected Logistics Market Restraints
11.3 Connected Logistics Trends Analysis
11.4 Porters Five Forces Analysis
11.4.1 Threat of New Entrants
11.4.2 Bargaining Power of Suppliers
11.4.3 Bargaining Power of Buyers
11.4.4 Threat of Substitutes
11.4.5 Competitive Rivalry
12 Industry Chain Analysis
12.1 Connected Logistics Industry Chain
12.2 Connected Logistics Upstream Analysis
12.3 Connected Logistics Midstream Analysis
12.4 Connected Logistics Downstream Analysis
13 Research Findings and Conclusion
14 Appendix
14.1 Methodology
14.2 Research Process and Data Source
14.3 Disclaimer
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
