Growth Factors of Connected logistics Market
The connected logistics market size was valued at USD 14.49 billion in 2018, and the market is now projected tgrow tUSD 423.64 billion by 2032, exhibiting a CAGR of 23.7% during the forecast period of 2019-2026.
The outbreak of the COVID-19 pandemic greatly affected the connected logistics market demonstrating that such strategies based on integration and digital technologies are crucial in supply chain management. Limitations such as lockdowns, restriction in movement, and impact on global supply chains exerted tremendous pressure towards transforming logistics service providers tembrace the use of IoT, AI and blockchain tenhance visibility and future proof their supply systems. Firms were forced tadopt connected logistics ttrack current location of their shipments, the best route ttake, and overcome challenges arising from inconsistent demand patterns. Despite the COVID-19 related disruptions delaying the procurement and adoption of several solutions in particular sectors, the pandemic amplified the relevance of the connective tissues and digitization within logistics, which led tintensive capital investments in smart logistics solutions tboost business resilience and reduce impacts of such crises in the future gradually. This led tthe boost in the connected logistics market growth.
The higher fuel prices and other problems that are connected with their utilization, CO2 emission and pollution contribute tthe embracing of conventional logistics with the utilisation of IoT connected solutions. It can use sensors, cloud computing, and IoT interfaces tmanage, monitor and control the operations in the supply chain from distance. The adaptation of IoT has enhanced the functioning of the supply chain platform for logistic and transportation domain. It offer end-to-end visibility and faster result for network problem identification which enhances the decision making process. Further, improved supply chain visibility translates intmore sustainable cost control. Therefore, the market for IoT solutions is rising steadily in different industrial sectors such as manufacturing, transportations, and automobile. These factors drive the connected logistics market share.
Growing use of solutions that can be connected tthe logistics network with a high level of interconnectedness, security, and accessibility is continuing tdrive the need for these solutions. Also, the requirement of reducing the cost linked with warehousing service and shipment need are alsfueling the expansion of the market. The increased market for ITS Intelligent Transportation Solution is expected tfuel the growth of the market.
Comprehensive Analysis of Connected logistics Market
The connected logistics market is responding quite an unprecedented rate of growth because of its market segmentation. This indicators growth in different regions by substituting the major forces of supply and demand which define the shape of local pharmacy benefit management market. Therefore, they are logically divided int3 Segments, By Component Analysis, By Transportation Mode Analysis and By Vertical Analysis. According tthe component consist of the market is segmented inthardware, solutions, and services. Of these, the solutions segment had the biggest market size in 2018 and is forecast texperience this throughout the course of the study. There is this increasing growth of the market tthe ever rising demand in mobility and efficiency in supply of goods. Depending on the mode of transport the global market can be divided introadway, rail, aviation and maritime transport. Among the all the above specified, the roadways segment has the major market share in the year 2018 and will have the major market in the year between 2019 t2024. In the vertical context, market expansion has gone tthe manufacturing industry, automobile industry, F&Bs, the consumer goods and retail industries, the oil and gases industries, traveling, hotels and hospitals and pharmaceutical industries, and others. It can however be pointed out that the manufacturing segment hold the largest market share in 2018 because of the growing need tenhance efficiency in tracking pallets and packages during transportation.
The North American region was valued at USD 4.71 billion in 2018 and is predicted treach USD 23.97 billion by 2026. This healthy growth in North America mainly attributed tthe increasing use of connected logistics solutions that incorporate solutions such as machine learning, IoT, Cloud computing, big data, data analytics, Deep learning, Artificial intelligence (AI), etc. Businesses in this region are adopting connected logistics technologies for improving the working process and supply chain. The United States America has the largest market share in this region due ta high growth of several leading industries.
AT&T Intellectual Property (U.S.), Robert Bosch GmbH (Germany), CiscSystems, Inc. (U.S.), Freightgate Inc. (U.S.), HCL Technologies Limited (India), Honeywell International Inc. (U.S.), IBM Corporation (U.S.), Infosys Limited (India), Intel Corporation (U.S.), NEC Corporation (Japan), One Network Enterprises (U.S.), ORBCOMM (U.S.), SAP SE (Germany), SIGFOX (France), and Zebra Technologies Corp. (U.S.) are significant players in the Automation market. They are the key player that ensures the industry's success while still having tkeep pace with their innovation in product and services. They offer a competitive zone that incites the growth of technologies and quality assurance. They operate on a global scale and have a wide range of product lines ensuring that the market players compete on a fair playing field bringing in innovations that result in the market's evolution.
In January 2020, Trimble entered intan agreement tacquire Kuebix, a top-ranking provider of transportation management system (TMS), in a bid tlink its network of the private fleet as well as various commercial carriers tcustomers. This acquisition will add on ta more developed transportation technology portfolitthe former.
Segmentation Table
SEGMENTATION DETAILS
Study Period 2015-2026
Base Year 2018
Forecast Period 2019-2026
Historical Period 2015-2017
Unit Value (USD Billion)
Segmentation By Component
Hardware
Gateway
RFID Tags
Sensor Node
Solutions
Warehouse Management
Freight Management
Fleet Management
Asset Tracking and Management
Device Management
Connectivity Management
Others
Services
Managed Services
Professional Services
By Transportation Mode
Roadway
Railway
Airway
Seaway
By Vertical
Manufacturing
Automotive
Food and Beverages
Consumer Goods and Retail
Oil & Gas
Travel and Hospitality
Healthcare and Pharmaceuticals
Others
By Region
North America (US and Canada)
Europe (UK, Germany, France, Netherlands, and Rest of Europe)
Asia Pacific (China, Japan, India, Southeast Asia and Rest of Asia Pacific)
Middle East & Africa (GCC, South Africa and Rest of the Middle East & Africa)
Latin America (Mexico, Brazil and Rest of Latin America)
- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Approach
- 1.3. Sources
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Drivers, Restraints and Opportunities
- 3.2. Emerging Trends
- 4. Key Insights
- 4.1. Macro and Micro Economic Indicators
- 4.2. Consolidated SWOT Analysis of Key Players
- 5. Global Connected Logistics Market Analysis, Insights and Forecast, 2015-2026
- 5.1. Key Findings / Summary
- 5.2. Market Size Estimates and Forecasts
- 5.2.1. By Component (Value)
- 5.2.1.1. Hardware
- 5.2.1.1.1. Gateway
- 5.2.1.1.2. RFID Tags
- 5.2.1.1.3. Sensor Node
- 5.2.1.2. Solutions
- 5.2.1.2.1. Warehouse Management
- 5.2.1.2.2. Freight Management
- 5.2.1.2.3. Fleet Management
- 5.2.1.2.4. Asset Tracking and Management
- 5.2.1.2.5. Device Management
- 5.2.1.2.6. Connectivity Management
- 5.2.1.2.7. Others
- 5.2.1.3. Services
- 5.2.1.3.1. Managed Services
- 5.2.1.3.2. Professional Services
- 5.2.2. By Transportation Mode (Value)
- 5.2.2.1. Roadway
- 5.2.2.2. Railway
- 5.2.2.3. Airway
- 5.2.2.4. Seaway
- 5.2.3. By Vertical (Value)
- 5.2.3.1. Manufacturing
- 5.2.3.2. Automotive
- 5.2.3.3. Food and Beverages
- 5.2.3.4. Consumer Goods and Retail
- 5.2.3.5. Oil & Gas
- 5.2.3.6. Travel and Hospitality
- 5.2.3.7. Healthcare and Pharmaceuticals
- 5.2.3.8. Others
- 5.2.4. By Region (Value)
- 5.2.4.1. North America
- 5.2.4.2. Europe
- 5.2.4.3. Asia Pacific
- 5.2.4.4. The Middle East and Africa
- 5.2.4.5. Latin America
- 6. North America Connected Logistics Market Analysis, Insights and Forecast, 2015-2026
- 6.1. Key Findings / Summary
- 6.2. Market Size Estimates and Forecasts
- 6.2.1. By Component (Value)
- 6.2.1.1. Hardware
- 6.2.1.1.1. Gateway
- 6.2.1.1.2. RFID Tags
- 6.2.1.1.3. Sensor Node
- 6.2.1.2. Solutions
- 6.2.1.2.1. Warehouse Management
- 6.2.1.2.2. Freight Management
- 6.2.1.2.3. Fleet Management
- 6.2.1.2.4. Asset Tracking and Management
- 6.2.1.2.5. Device Management
- 6.2.1.2.6. Connectivity Management
- 6.2.1.2.7. Others
- 6.2.1.3. Services
- 6.2.1.3.1. Managed Services
- 6.2.1.3.2. Professional Services
- 6.2.2. By Transportation Mode (Value)
- 6.2.2.1. Roadway
- 6.2.2.2. Railway
- 6.2.2.3. Airway
- 6.2.2.4. Seaway
- 6.2.3. By Vertical (Value)
- 6.2.3.1. Manufacturing
- 6.2.3.2. Automotive
- 6.2.3.3. Food and Beverages
- 6.2.3.4. Consumer Goods and Retail
- 6.2.3.5. Oil & Gas
- 6.2.3.6. Travel and Hospitality
- 6.2.3.7. Healthcare and Pharmaceuticals
- 6.2.3.8. Others
- 6.2.4. By Country (Value)
- 6.2.4.1. United States
- 6.2.4.2. Canada
- 7. Europe Connected Logistics Market Analysis, Insights and Forecast, 2015-2026
- 7.1. Key Findings / Summary
- 7.2. Market Size Estimates and Forecasts
- 7.2.1. By Component (Value)
- 7.2.1.1. Hardware
- 7.2.1.1.1. Gateway
- 7.2.1.1.2. RFID Tags
- 7.2.1.1.3. Sensor Node
- 7.2.1.2. Solutions
- 7.2.1.2.1. Warehouse Management
- 7.2.1.2.2. Freight Management
- 7.2.1.2.3. Fleet Management
- 7.2.1.2.4. Asset Tracking and Management
- 7.2.1.2.5. Device Management
- 7.2.1.2.6. Connectivity Management
- 7.2.1.2.7. Others
- 7.2.1.3. Services
- 7.2.1.3.1. Managed Services
- 7.2.1.3.2. Professional Services
- 7.2.2. By Transportation Mode (Value)
- 7.2.2.1. Roadway
- 7.2.2.2. Railway
- 7.2.2.3. Airway
- 7.2.2.4. Seaway
- 7.2.3. By Vertical (Value)
- 7.2.3.1. Manufacturing
- 7.2.3.2. Automotive
- 7.2.3.3. Food and Beverages
- 7.2.3.4. Consumer Goods and Retail
- 7.2.3.5. Oil & Gas
- 7.2.3.6. Travel and Hospitality
- 7.2.3.7. Healthcare and Pharmaceuticals
- 7.2.3.8. Others
- 7.2.4. By Country (Value)
- 7.2.4.1. UK
- 7.2.4.2. Germany
- 7.2.4.3. France
- 7.2.4.4. Netherlands
- 7.2.4.5. Rest of Europe
- 8. Asia Pacific (APAC) Connected Logistics Market Analysis, Insights and Forecast, 2015-2026
- 8.1. Key Findings / Summary
- 8.2. Market Size Estimates and Forecasts
- 8.2.1. By Component (Value)
- 8.2.1.1. Hardware
- 8.2.1.1.1. Gateway
- 8.2.1.1.2. RFID Tags
- 8.2.1.1.3. Sensor Node
- 8.2.1.2. Solutions
- 8.2.1.2.1. Warehouse Management
- 8.2.1.2.2. Freight Management
- 8.2.1.2.3. Fleet Management
- 8.2.1.2.4. Asset Tracking and Management
- 8.2.1.2.5. Device Management
- 8.2.1.2.6. Connectivity Management
- 8.2.1.2.7. Others
- 8.2.1.3. Services
- 8.2.1.3.1. Managed Services
- 8.2.1.3.2. Professional Services
- 8.2.2. By Transportation Mode (Value)
- 8.2.2.1. Roadway
- 8.2.2.2. Railway
- 8.2.2.3. Airway
- 8.2.2.4. Seaway
- 8.2.3. By Vertical (Value)
- 8.2.3.1. Manufacturing
- 8.2.3.2. Automotive
- 8.2.3.3. Food and Beverages
- 8.2.3.4. Consumer Goods and Retail
- 8.2.3.5. Oil & Gas
- 8.2.3.6. Travel and Hospitality
- 8.2.3.7. Healthcare and Pharmaceuticals
- 8.2.3.8. Others
- 8.2.4. By Country (Value)
- 8.2.4.1. China
- 8.2.4.2. Japan
- 8.2.4.3. India
- 8.2.4.4. Southeast Asia
- 8.2.4.5. Rest of APAC
- 9. Middle East and Africa Connected Logistics Market Analysis, Insights and Forecast, 2015-2026
- 9.1. Key Findings / Summary
- 9.2. Market Size Estimates and Forecasts
- 9.2.1. By Component (Value)
- 9.2.1.1. Hardware
- 9.2.1.1.1. Gateway
- 9.2.1.1.2. RFID Tags
- 9.2.1.1.3. Sensor Node
- 9.2.1.2. Solutions
- 9.2.1.2.1. Warehouse Management
- 9.2.1.2.2. Freight Management
- 9.2.1.2.3. Fleet Management
- 9.2.1.2.4. Asset Tracking and Management
- 9.2.1.2.5. Device Management
- 9.2.1.2.6. Connectivity Management
- 9.2.1.2.7. Others
- 9.2.1.3. Services
- 9.2.1.3.1. Managed Services
- 9.2.1.3.2. Professional Services
- 9.2.2. By Transportation Mode (Value)
- 9.2.2.1. Roadway
- 9.2.2.2. Railway
- 9.2.2.3. Airway
- 9.2.2.4. Seaway
- 9.2.3. By Vertical (Value)
- 9.2.3.1. Manufacturing
- 9.2.3.2. Automotive
- 9.2.3.3. Food and Beverages
- 9.2.3.4. Consumer Goods and Retail
- 9.2.3.5. Oil & Gas
- 9.2.3.6. Travel and Hospitality
- 9.2.3.7. Healthcare and Pharmaceuticals
- 9.2.3.8. Others
- 9.2.4. By Country (Value)
- 9.2.4.1. GCC
- 9.2.4.2. South Africa
- 9.2.4.3. Rest of Middle East & Africa
- 10. Latin America Connected Logistics Market Analysis, Insights and Forecast, 2015-2026
- 10.1. Key Findings / Summary
- 10.2. Market Size Estimates and Forecasts
- 10.2.1. By Component (Value)
- 10.2.1.1. Hardware
- 10.2.1.1.1. Gateway
- 10.2.1.1.2. RFID Tags
- 10.2.1.1.3. Sensor Node
- 10.2.1.2. Solutions
- 10.2.1.2.1. Warehouse Management
- 10.2.1.2.2. Freight Management
- 10.2.1.2.3. Fleet Management
- 10.2.1.2.4. Asset Tracking and Management
- 10.2.1.2.5. Device Management
- 10.2.1.2.6. Connectivity Management
- 10.2.1.2.7. Others
- 10.2.1.3. Services
- 10.2.1.3.1. Managed Services
- 10.2.1.3.2. Professional Services
- 10.2.2. By Transportation Mode (Value)
- 10.2.2.1. Roadway
- 10.2.2.2. Railway
- 10.2.2.3. Airway
- 10.2.2.4. Seaway
- 10.2.3. By Vertical (Value)
- 10.2.3.1. Manufacturing
- 10.2.3.2. Automotive
- 10.2.3.3. Food and Beverages
- 10.2.3.4. Consumer Goods and Retail
- 10.2.3.5. Oil & Gas
- 10.2.3.6. Travel and Hospitality
- 10.2.3.7. Healthcare and Pharmaceuticals
- 10.2.3.8. Others
- 10.2.4. By Country (Value)
- 10.2.4.1. Brazil
- 10.2.4.2. Mexico
- 10.2.4.3. Rest of LATAM
- 11. Competition Matrix
- 11.1. Business Strategies Adopted by Leading Players
- 12. Global Connected Logistics Market Revenue Share Analysis, By Key Players, 2018
- 13. Company Profile
- 13.1. AT&T Intellectual Property
- 13.1.1. Overview
- 13.1.2. Description
- 13.1.3. Product Portfolio
- 13.1.4. Financials (Data as available in public domain and/or on paid databases)
- 13.1.5. Recent Developments
- 13.2. Robert Bosch GmbH
- 13.2.1. Overview
- 13.2.2. Description
- 13.2.3. Product Portfolio
- 13.2.4. Financials (Data as available in public domain and/or on paid databases)
- 13.2.5. Recent Developments
- 13.3. Cisco Systems, Inc.
- 13.3.1. Overview
- 13.3.2. Description
- 13.3.3. Product Portfolio
- 13.3.4. Financials (Data as available in public domain and/or on paid databases)
- 13.3.5. Recent Developments
- 13.4. Freightgate Inc.
- 13.4.1. Overview
- 13.4.2. Description
- 13.4.3. Product Portfolio
- 13.4.4. Financials (Data as available in public domain and/or on paid databases)
- 13.4.5. Recent Developments
- 13.5. HCL Technologies Limited
- 13.5.1. Overview
- 13.5.2. Description
- 13.5.3. Product Portfolio
- 13.5.4. Financials (Data as available in public domain and/or on paid databases)
- 13.5.5. Recent Developments
- 13.6. Honeywell International Inc.
- 13.6.1. Overview
- 13.6.2. Description
- 13.6.3. Product Portfolio
- 13.6.4. Financials (Data as available in public domain and/or on paid databases)
- 13.6.5. Recent Developments
- 13.7. IBM Corporation
- 13.8. Infosys Limited
- 13.8.1. Overview
- 13.8.2. Description
- 13.8.3. Product Portfolio
- 13.8.4. Financials (Data as available in public domain and/or on paid databases)
- 13.8.5. Recent Developments
- 13.9. Intel Corporation
- 13.9.1. Overview
- 13.9.2. Description
- 13.9.3. Product Portfolio
- 13.9.4. Financials (Data as available in public domain and/or on paid databases)
- 13.9.5. Recent Developments
- 13.10. NEC Corporation
- 13.10.1. Overview
- 13.10.2. Description
- 13.10.3. Product Portfolio
- 13.10.4. Financials (Data as available in public domain and/or on paid databases)
- 13.10.5. Recent Developments
- 13.11. One Network Enterprises
- 13.11.1. Overview
- 13.11.2. Description
- 13.11.3. Product Portfolio
- 13.11.4. Financials (Data as available in public domain and/or on paid databases)
- 13.11.5. Recent Developments
- 13.12. ORBCOMM
- 13.12.1. Overview
- 13.12.2. Description
- 13.12.3. Product Portfolio
- 13.12.4. Financials (Data as available in public domain and/or on paid databases)
- 13.12.5. Recent Developments
- 13.13. SAP SE
- 13.13.1. Overview
- 13.13.2. Description
- 13.13.3. Product Portfolio
- 13.13.4. Financials (Data as available in public domain and/or on paid databases)
- 13.13.5. Recent Developments
- 13.14. SIGFOX
- 13.14.1. Overview
- 13.14.2. Description
- 13.14.3. Product Portfolio
- 13.14.4. Financials (Data as available in public domain and/or on paid databases)
- 13.14.5. Recent Developments
- 13.15. Zebra Technologies Corp.
- 13.15.1. Overview
- 13.15.2. Description
- 13.15.3. Product Portfolio
- 13.15.4. Financials (Data as available in public domain and/or on paid databases)
- 13.15.5. Recent Developments "
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