Connected Logistics Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Connected Logistics Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Connected Logistics Market size will record over 10% CAGR from 2024 to 2032, driven by the surge in customer-centric approaches, with a strong focus on improving the delivery experience for offering real-time updates and providing flexible delivery options.

The influx of 5G networks may revolutionize connected logistics for delivering faster data transmission, lower latency, and improved connectivity while enabling real-time data exchange. For example, in December 2023, global logistics leader CJ Logistics partnered with Ericsson to utilize the first-ever full-scale commercial private 5G network in the logistics sector within its Ichiri unit located in Icheon City, South Korea. The growing focus on sustainability has also compelled companies to adopt eco-friendly practices for optimizing routes to reduce emissions by using electric or hybrid vehicles, adding to the market growth.

The connected logistics industry is classified into technology, component, mode of transport, deployment model, organization size, end use, and region.

By deployment model, the industry size from the cloud segment will witness a lucrative CAGR through 2032. Cloud-based connected logistics offer real-time data access and analytics for enabling better decision-making and enhanced visibility across the entire supply chain, adding to their criticality in optimizing operations and responding quickly to changes or disruptions. Cloud platforms also help to facilitate easier integration with other systems and enable seamless collaboration between various stakeholders, including suppliers, manufacturers, and logistics providers.

Based on end use, the connected logistics market share from the healthcare segment will record significant expansion from 2024 to 2032. This is owing to their rising demand for maintaining the integrity and availability of critical healthcare resources. Connected logistics offer real-time tracking and monitoring of medical supplies, pharmaceuticals, and equipment for ensuring better visibility and management across the supply chain. The growing necessity for enhancing the reliability and speed of deliveries besides reducing the risk of delays and errors that could affect the patient outcomes will favor the segment expansion.

Regionally, the Asia Pacific connected logistics industry will register substantial growth through 2032. The rapid rise in cross-border e-commerce is driving the demand for efficient cross-border logistics solutions, including international shipping optimization and customs clearance automation.

The strong emphasis on sustainable logistics practices, such as the utilization of eco-friendly packaging materials while optimizing transportation routes to limit carbon footprint and adopting green logistics solutions will also influence the regional market growth.