Connected Logistics Market Share, Size, Trends, Industry Analysis Report, By Component Analysis (Hardware, Solutions, Service); By Transportation; By Vertical; By Region; Segment Forecast, 2022 - 2030

Connected Logistics Market Share, Size, Trends, Industry Analysis Report, By Component Analysis (Hardware, Solutions, Service); By Transportation; By Vertical; By Region; Segment Forecast, 2022 - 2030

The global Connected logistics market size is expected to reach USD 91.22 billion by 2030, according to a new study by ABC Market Research. The report “Connected logistics market Share, Size, Trends, Industry Analysis Report, By Component analysis (Hardware, Solutions, Service); By Transportation; By Verticals; By Region; Segment Forecast, 2022 – 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The adoption of the market is greater in North America as compared to other regions. With the adoption rate of connected logistics services to improve operational efficiency, businesses in this region are embracing linked technology. Due to the existence of several notable firms, the US maintains the biggest market share in North America.

The desire for logistics optimization in the transportation and shipping sectors to save costs and emissions has significantly increased the use of linked solutions. Logistics suppliers are able to give improved monitoring and tracking of their goods while also being capable of remotely regulating operations to prevent any losses thanks to technologies like IoT, AI, machine learning, etc.

Demand for linked logistics is also anticipated to increase as Industry 4.0 deployment and industrial IoT device usage grows. It is also projected that the market potential would increase with the growing availability of various IoT-based linked logistic technologies, AI-enabled connected logistic equipment, etc.

During the time of forecasting, North America is anticipated to grow the market. By 2026, North America is projected to produce nearly USD 23.97 billion. The use of cutting-edge technologies like machine learning, the Internet of Things, cloud technology, big data, analytics, and deep learning is largely responsible for this profitable rise in North America (AI). To improve operational efficiency, businesses in this region are embracing linked logistic technology. Due to the existence of several notable firms, the US maintains the biggest share in North America.

Due to the onset of widespread COVID-19, the pandemic of 2020 had a significant impact on the worldwide logistics sector and briefly made most supply networks worthless. Lockdown regulations imposed by several countries in 2020 had a negative impact on the linked logistic business.

Connected Logistics Market Report Highlights

• Big Data & advanced analytics are two emerging technologies that will accelerate the implementation of logistics 4.0. Utilizing AI systems, the data gathered from logistic and supply chains that are smart and linked may be transformed into insights that can be put to use by organizations to more precisely estimate demand and enhance capacity planning.
• A few other reasons propelling the industry include the rising need for cloud-based technologies, RFID, and internet accessibility everywhere. the development of new software and cloud-based technologies for product management and transportation, including tracking of commodities and the movement of the trucks, ships, and aircraft that deliver them. In addition, expanding economies, changing consumer lifestyles, and the fast development of smart communities in growing countries like India, Brazil, and china are among the macroeconomic drivers driving the market.
• Because to the COVID-19 epidemic, the government in the U.S. has stopped all logistical activities, which has a significant impact on the sector. The industry’s top players in the industry claim that the American government is now more accommodating to telework and online help as a result of this epidemic. During the projected period, these variables are anticipated to fuel the market even more.

Polaris Market Research has segmented the connected logistics market report based on component, transportation, vertical, region:

Connected Logistics, Component analysis Outlook (Revenue – USD Billion, 2018 – 2030)

• Hardware
• Solutions
• Service

Connected Logistics, Transportation Outlook (Revenue – USD Billion, 2018 – 2030)

• Roadways
• Railways
• Airways
• Maritime

Connected Logistics, Vertical Outlook (Revenue – USD Billion, 2018 – 2030)

• Manufacturing
• Automobiles
• Food and Beverage
• Consumer Goods & Retail
• Oil and Gas
• Tourism and Hospitality
• Pharmaceuticals
• Other Industries

Connected Logistics, Regional Outlook (Revenue – USD Billion, 2018 – 2030)

• North America
• U.S
• Canada
• Europe
• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands
• Asia Pacific
• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia
• Latin America
• Argentina
• Brazil
• Mexico
• Middle East & Africa
• UAE
• Saudi Arabia
• Israel
• South Africa