Connected Logistics Market by Offering, Transportation Mode (Roadways, Railways), Application (Inventory Tracking, Real-Time Fleet Management, others), End-use Industry (Automotive, Healthcare & Pharmaceuticals, Others), and Geography - Global Forecast to

Connected Logistics Market by Offering, Transportation Mode (Roadways, Railways), Application (Inventory Tracking, Real-Time Fleet Management, others), End-use Industry (Automotive, Healthcare & Pharmaceuticals, Others), and Geography - Global Forecast to 2029

The research report titled, ‘Connected Logistics Market by Offering, Transportation Mode (Roadways, Railways), Application (Inventory Tracking, Real-Time Fleet Management, Others), End User (Automotive, Healthcare & Pharmaceuticals, Others) and Geography—Global Forecast to 2029’, provides in-depth analysis of connected logistics market across five major geographies and emphasizes on the current market trends, market sizes, market shares, recent developments, and forecasts till 2029.

The global connected logistics market is expected to reach $57.75 billion by 2029, growing at a CAGR of 11.5% during the forecast period of 2022–2029.

The growth of this market is attributed to the factors such as the rising need for efficient warehouse management and the increasing adoption of IoT, cloud, and other technologies across industries. In addition, the incorporation of blockchain technology in freight management and the growing scope of leveraging connected logistics in developing regions are expected to offer significant opportunities for the growth of this market. However, the lack of standardization can restrain the market growth of this market.

Based on offering, the connected logistics market is segmented into solutions and services. In 2022, the solutions segment is expected to account for the largest share of the global connected logistics market. The large share of this segment is mainly attributed to the factors such as the rising need to remotely track & monitor inventories and the movement of goods in real-time, favorable government initiatives for improving the efficiency & efficacy of logistics, and the increasing adoption of eco-friendly automobile technologies.

However, the services segment is expected to grow at the highest CAGR during the forecasted period. The rise in demand for organizations’ growing need for real-time visibility into operations for diagnosing and troubleshooting problems before they impact the business or customer experience is driving the adoption of connected logistics services.

Based on transportation mode, the connected logistics market is broadly segmented into roadways, railways, airways, and maritime. In 2022, the roadways segment is expected to account for the largest share of the global connected logistics market. The growth of this segment is mainly attributed to the rising need for road safety, reduced traffic congestion, better & sustainable roadways, and increasing government initiatives and investments in infrastructure development. Also, the roadways segment is expected to grow at the highest CAGR during the forecast period.

Based on application, the connected logistics market is segmented into inventory tracking, optimized warehousing, real-time fleet management, predictive maintenance, cargo integrity monitoring, end-to-end delivery tracking, and other applications. In 2022, the inventory tracking segment is expected to account for the largest share of the global connected logistics market. Factors such as the benefits of IoT-powered, connected inventory tracking solutions, such as complete visibility into inventory movement, improved accuracy, and reduced error-prone manual operations via automated scanning of inbound and outbound items, are expected to drive segment growth.

However, the end-to-end delivery tracking segment is expected to grow at the highest CAGR during the forecast period owing to the ability to create user-friendly web dashboards that integrate separate stages of supply chain management into a single app.

Based on end-use industry, the connected logistics market is broadly segmented into automotive, healthcare & pharmaceuticals, oil & gas, food & beverage, aerospace & defense, manufacturing, IT & telecommunications, retail & e-commerce and other end-use industries. In 2022, the retail & e-commerce segment is expected to account for the largest share of the global connected logistics market. The growth of the segment is attributed to the factors such as rise in infrastructure improvements, increasing awareness of tech-enabled logistics platforms, and increase in the number of online shoppers.

However, the automotive segment is expected to grow at the highest CAGR during the forecast period. Factors such as the rising need to optimize visibility and introduce effective risk management solutions for potential issues in the logistics of automotive parts are expected to drive the segment growth.

Based on geography, the connected logistics market is segmented into North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa. In 2022, the North American region is expected to account for the largest share of the connected logistics market. The growth in this region is mainly driven by the factors such as increasing initiatives toward public safety, growing traffic congestion problems, favorable government initiatives for effective traffic management, increasing adoption of eco-friendly automobile technologies, and the development of smart cities. However, the Asia-Pacific region is expected to witness rapid growth during the forecast period owing to heavy investments in megacity projects and the perpetual ongoing process of modernizing local transportation networks to facilitate trade exchanges.

The key players operating in the global connected logistics market are International Business Machines Corporation (U.S.), SAP (Germany), Intel Corporation (U.S.), Cisco Systems, Inc. (U.S.), Freightgate Inc. (U.S.), ORBCOMM (U.S.), AT&T Intellectual Property (U.S.), Honeywell International Inc. (U.S.), Bosch Service Solutions GmbH (Germany), HCL Technologies Limited (Noida), Infosys Limited (Bengaluru), Eurotech S.p.A. (Italy), Microsoft (U.S.), Siemens (Germany), Oracle (U.S.), Zebra Technologies Corp. (U.S.), Cloud Logistics (U.S.), NEC Corporation (Japan), Accenture (Ireland), and Sigfox (France).

Key questions answered in the report:

Which are the high-growth market segments in terms of offering, transportation mode, application, end-use industries, and countries?
What is the historical market for connected logistics across the globe?
What are the market forecasts and estimates from 2022–2029?
What are the major drivers, restraints, and opportunities in the global connected logistics market?
Who are the major players in the global connected logistics market, and what shares of the market do they hold?
Who are the major players in various countries, and what shares of the market do they hold?
How is the competitive landscape?
What are the recent developments in the global connected logistics market?
What are the different strategies adopted by the major players in the global connected logistics market?
What are the geographical trends and high-growth countries?
Who are the local emerging players in the global connected logistics market and how do they compete with the other players?

Scope of the report:

Connected Logistics Market, by Offering
Solutions
Contract Rate Management
Visibility and Control Solutions
Network Management
Asset Management
Warehouse Management
Transportation Management

Other Solutions
Services

Connected Logistics Market, by Transportation Mode


Roadways
Railways
Airways
Maritime

Connected Logistics Market, by Application

Inventory Tracking
Optimized warehousing
Real-time Fleet Management
Predictive Maintenance
Cargo Integrity Monitoring
End-to-end Delivery Tracking
Other Applications

Connected Logistics Market, by End-use Industry

Automotive
Healthcare & Pharmaceuticals
Oil & Gas
Food & Beverage
Aerospace and Defense
Manufacturing
IT & Telecommunication
Retail & E-commerce
Others End-Use Industries

Connected Logistics Market, by Geography

North America
U.S.
Canada
Europe
Germany
U.K.
France
Italy
Spain
Sweden
Denmark
Rest of Europe
Asia-Pacific
Japan
China
India
Singapore
Malaysia
Indonesia
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
UAE
Israel
Rest of the Middle East & Africa

Connected Logistics Market - Report Summary

Report Metrics	Details
Years Considered	2020 - 2029
Base Year	2021
Forecast Period	2022-2029
Page Count	257
Units Referenced	Value (USD Million)
Segments/Key Topics	Market by Offering, Market by Transportation Mode, Market by Application, Market by End-use Industry, Market by Geography
Regions Covered	North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa
Key Companies Mentioned	Business Machines Corporation (U.S.), SAP (Germany), Intel Corporation (U.S.), Cisco Systems, Inc. (U.S.), Freightgate Inc. (U.S.), ORBCOMM (U.S.), AT&T Intellectual Property (U.S.), Honeywell International Inc. (U.S.), Bosch Service Solutions GmbH (Germany), HCL Technologies Limited (Noida), Infosys Limited (Bengaluru), Eurotech S.p.A. (Italy), Microsoft (U.S.), Siemens (Germany), Oracle (U.S.), Zebra Technologies Corp. (U.S.), Cloud Logistics (U.S.), NEC Corporation (Japan), Accenture (Ireland), and Sigfox (France).

FAQs About the Report


What is the value of revenue generated from connected logistics across the globe? At what rate is their demand expected to grow for the next 5–7 years?

The global connected logistics market is projected to reach $57.75 billion by 2029 at a CAGR of 11.5% during the forecast period.

What are the key factors driving the growth of the connected logistics market? What are the major opportunities for existing market players and new entrants in the market?

The growth of this market is attributed to the factors such as rising demand for efficient warehouse management; increasing adoption of IoT, cloud, and other technologies across various industries; rise in e-commerce, and the need to lower shipment costs.

Who are the major players operating in the connected logistics market?

The key players operating in the connected logistics market are International Business Machines Corporation (U.S.), SAP (Germany), Intel Corporation (U.S.), Cisco Systems, Inc. (U.S.), Freightgate Inc. (U.S.), ORBCOMM (U.S.), AT&T Intellectual Property (U.S.), Honeywell International Inc. (U.S.), Bosch Service Solutions GmbH (Germany), HCL Technologies Limited (Noida), Infosys Limited (Bengaluru), Eurotech S.p.A. (Italy), Microsoft (U.S.), Siemens (Germany), Oracle (U.S.), Zebra Technologies Corp. (U.S.), Cloud Logistics (U.S.), NEC Corporation (Japan), Accenture (Ireland), and Sigfox (France).

Which regions/countries are likely to offer significant growth opportunities for the vendors in this market during the analysis period?

Asia-Pacific is expected to offer significant growth opportunities due to the presence of rapidly developing economies, consistent technological advancements in transportation, heavy investments in megacity projects, and the perpetual ongoing process of modernizing local transportation networks for facilitating trade exchanges.