Latest News - Connected Logistics Market: Roadways are expected to lead the Mode Of Transportation segment during 2024-2028

The Connected Logistics Market is being driven by Effective management of temperature-sensitive products

The Connected Logistics Market is expected to grow at a CAGR of 34.28% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 138657.5 million. In the burgeoning connected logistics market, IoT integration within Supply Chain Management (SCM) systems is a significant trend. IoT's adoption is driven by the ability of smart devices to provide real-time shipment tracking. This technology has already gained momentum in sectors like manufacturing, healthcare, and transportation. Real-time data from sensors installed in storage facilities and containers is essential for monitoring product conditions and delivery status. Perishable goods and temperature-sensitive items, such as vaccines, necessitate stringent temperature control to prevent damage. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Mode Of Transportation
  • Roadways
  • Railways
  • Airways
  • Waterways
• Type
  • Software services
  • IT services
  • Hardware services
• Geography
  • North America
    • US
  • Europe
    • Germany
    • UK
  • APAC
    • China
    • India
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Effective management of temperature-sensitive products
• Increasing need to enhance connectivity and reduce energy consumption
• Increasing need to enhance visibility and control in supply chain systems

However, the market also witnesses some limitations, which are as follows:

• Technical glitches in use of connected logistics
• Lack of adequate ICT infrastructure
• Risk associated with cybersecurity

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Market Scope in Connected Logistics Market Research Report

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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 encompasses organizations providing IT consulting and integration services, application development, data processing, business process outsourcing, infrastructure deployment, and Internet solutions for logistics and supply chain industries. According to Technavio, the global market size for Connected Logistics services is determined by the consolidated revenue of companies delivering all types of IT consulting and logistics information management services. Key growth drivers include expanding government investments in advanced logistics technology and the growing need for logistics expertise among public sector agencies. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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