Market Research Report
Global Connected Logistics Market 2019-2025
|Published by||Orion Market Research Pvt Ltd||Product code||920413|
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|Global Connected Logistics Market 2019-2025|
|Published: December 12, 2019||Content info:||
The global connected logistics market is expected to grow at a considerable rate during the forecast period. Some major factors contributing to the positive growth of the market include the integration of IoT technologies in the logistics industry and technological developments in logistics technology. There are significant developments in the field of logistics, including transportation, warehousing, processing, and packaging has been reported over the years. For instance, in May 2018, Kuehne + Nagel, a provider of international freight logistics and supply chain management services launched a new global warehouse management system named KN SwiftLOG. It covers communication platforms and highly advanced picking enhancement technologies that enable to exchange data with the key players in e-commerce.
The global connected logistics market is segmented on the basis of solution, end-user, and mode. Based on the solution, the market is classified into asset tracking & management, data management, network management, security, and others. connected security solutions for logistics is expected to grow at a significant rate during the forecast period. Increasing incidents of data theft and data tampering have propelled the companies to purchase security solutions thereby driving the segmental growth of the market. Based on the end-use industry, the market is classified into food & beverage, healthcare, retail, manufacturing, oil & gas, and others. Based on mode, the market is classified into roadway, waterway, railway, and airway. Connected logistics via roadway is expected to hold a significant share in the market.
Geographically, the global connected logistics market is segmented into North America, Europe, Asia-Pacific, and RoW. North America occupied a significant share in the connected logistics market in 2018 owing to the enhanced IT infrastructure coupled with the presence of some crucial players, including IBM Corp. and Microsoft Corp. However, Asia-Pacific is expected to grow at a significant CAGR during the forecast period. The increasing focus on international trade and the rising e-commerce industry is strengthening the market growth in the region.
Some of the major players operating in the global connected logistics market include IBM Corp., Cisco Systems, Inc., Infor, SAP SE, and HCL Technologies Ltd. Mergers & acquisition, product launches, partnerships & collaborations are considered as key strategies adopted by the market players to expand market share and gain a competitive advantage. For instance, in December 2018, Intel declared the launch of the Intel Connected Logistics Platform (Intel CLP). It is an IoT solution that allows users to monitor the location of assets and conditions all over the supply chain.
The market study of the global connected logistics market is incorporated by extensive primary and secondary research conducted by a research team. Secondary research has been conducted to refine the available data to break down the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.
Secondary Sources Include:
The report is intended for IoT companies, logistics solutions providers, application developers, system integrators, network operators, government agencies and regulatory bodies, wireless network operators and service providers, data management and predictive analysis companies, wireless infrastructure providers, and other market participants for overall market analysis and competitive analysis. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions.
The Report Covers: