Authored By: Sarah
11 Jul 2024

 Connected Logistics Market to grow by USD 138657.5 million between 2024-2028

According to a research report “ Connected Logistics Market” by Mode Of Transportation (Roadways, Railways, Airways, Waterways) Type (Software services, IT services, Hardware services) Geography (North America, Europe, APAC, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 138657.5 million at a CAGR of  34.28% during the forecast period. In the realm of connected logistics, the effective management of temperature-sensitive products is paramount for preserving the quality, efficacy, and safety of perishable items, pharmaceuticals, and vaccines. Cold chain logistics, a specialized sector, assumes a pivotal role in this regard. It entails the meticulous handling of temperature-sensitive goods, ensuring they adhere to the prescribed temperature conditions. This encompasses a range of controlled temperature environments, refrigeration technology, monitoring systems, and protocols, all working in unison to maintain the desired temperature range from origin to destination. Keywords: temperature-sensitive products, cold chain logistics, perishable items, pharmaceuticals, vaccines, quality, efficacy, safety, controlled temperature environments, refrigeration technology, monitoring systems, protocols..

Browse market data tables, figures, and in-depth TOC on “Connected Logistics Market” by Mode Of Transportation (Roadways, Railways, Airways, Waterways) Type (Software services, IT services, Hardware services) Geography (North America, Europe, APAC, South America, Middle East and Africa) Global Forecast to 2028.

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By Mode Of Transportation, the Roadways segment is projected to dominate the market size in 2024.

In the connected logistics market, software services play a pivotal role in facilitating the integration of various systems and applications. Major vendors, including IBM, Microsoft, and Oracle, provide solutions for database management and IT security. Initially, these offerings were based on on-premise deployment. However, to cater to the evolving needs of logistics providers, vendors now provide cloud-based connected logistics solutions, offering cost savings and flexibility.

By Type, Software services  segment is expected to hold the largest market size for the year 2024.

Connected logistics is revolutionizing the transportation industry by optimizing operations through data-driven insights. In roadways, connected vehicles equipped with sensors collect and transmit data on driver behavior, fuel consumption, and environmental conditions to a centralized system. This data is analyzed to detect patterns, enabling more efficient routing, asset utilization, and improved customer service. Weather conditions, traffic congestion, and other obstacles are also factored into route planning, resulting in significant cost savings and increased productivity for businesses.

North America is forecasted to hold the largest market size by region in 2024.

In the dynamic business landscape, the Connected Logistics Market is experiencing significant growth. Leveraging advanced technologies such as IoT, AI, and RFID, this sector is revolutionizing supply chain management and transportation efficiency. By enhancing real-time visibility, automating processes, and optimizing routes, connected logistics is delivering value to businesses through improved agility, reduced costs, and heightened customer satisfaction.

The Connected Logistics Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Accenture Plc
  • Amazon.com Inc.
  • AT and T Inc.
  • Cisco Systems Inc.
  • HCL Technologies Ltd.
  • Huawei Technologies Co. Ltd.
  • Infosys Ltd.
  • Intel Corp.
  • International Business Machines Corp.
  • Microsoft Corp.
  • Nokia Corp.
  • Oracle Corp.
  • ORBCOMM Inc.
  • PTC Inc.
  • Qualcomm Inc.
  • Samsung Electronics Co. Ltd.
  • SAP SE
  • Siemens AG
  • Tata Consultancy Services Ltd.
  • Thales Group
.

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Research Analysis Overview

The Connected Logistics Market is experiencing significant growth due to the integration of advanced technologies such as Bluetooth, Cloud-based technology, and IoT sensors into logistical operations. This transformation, often referred to as Logistics 4.0, is revolutionizing industries by enhancing Safety and Security through real-time monitoring and communication systems. Intelligent Transportation Systems and connected logistics hardware enable interoperability between various supply chain partners, improving Value-added Logistics services and Network efficiency. Cloud platforms and cutting-edge technologies like autonomous logistics trucks and LoRa sensors are streamlining online shopping, order processing, and financial transactions. The implementation of these solutions is also crucial for Accessibility and enhancing the overall efficiency of warehousing, shipping, and transportation. The integration of these technologies fosters seamless communication and collaboration among logistical partners, ensuring a more efficient and effective Supply Chain.

Market Research Overview

The Connected Logistics Market is experiencing significant growth due to the integration of real-time infographics, automation, and advanced technologies in rail freight and other transportation modes. Government programs are promoting the use of fuel consumption-efficient transportation methods, leading to the adoption of intelligent transportation systems and IoT sensors. End-to-end delivery tracking, inventory tracking, and workload planning are crucial aspects of logistical operations. Inventory tools, fixed assets, and transport vehicles, including trucks, aircraft, and cargo ships, are being managed through fleet management software and warehouse management software. E-commerce platforms and cloud integration are driving the need for real-time tracking logistics and communication systems. The use of app-based interfaces, electronics and semiconductors, energy, healthcare, aerospace and defense, automotive, retail and e-commerce, and other industries is increasing the demand for connected logistics. Connected logistics solutions include route planning, disaster preparedness, and real-time position tracking. These systems offer transportation visibility, cellular IoT connectivity, fleet telematics, and cutting-edge technologies like autonomous logistics trucks and logistics 4.0. Interoperability and linked logistics systems are essential for ensuring efficient and effective logistical operations. Safety, security, and value-added logistics services are becoming increasingly important in the transportation sector. Communication systems, network interconnectedness, and the use of RFID tags, analytics solutions, and linked devices are enhancing the overall operational effectiveness of logistics providers.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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