Albany, NY -- (SBWire) -- 12/29/2016 --The management of cold chain logistics services is a complex process compared to general logistics services. Cold chain logistics carry temperature-sensitive assets, which are prone to product damage if the assets are not maintained under specified temperatures. The management of temperature sensitive products is more complex in cross-border logistics services due to fluctuations in climatic conditions. Temperature controlled logistics services are availed by firms operating businesses based on perishable commodities across different verticals (such as pharmaceuticals, food, and the retail industry). Temperature controlled logistics technology requires IT solutions to capture, store, and analyze real-time information retrieved from cold chain containers and vehicles.
The global IT spending in cold chain logistics market to grow at a CAGR of 8.36% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global IT spending in cold chain logistics market for 2016-2020. To calculate the market size, the report considers the hardware, and IT services spending on cold chain logistics services provided by pure-play and 3PLs temperature controlled firms.
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
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Technavio's report, Global IT Spending in Cold Chain Logistics Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
- Accenture
- AT&T
- Cisco
- SAP
- Oracle
Other prominent vendors
- BT9
- Gemalto
- IBM
- Infosys
- ORBCOMM
- Siemens
- TCS
- Tech Mahindra
- Vitria
Market driver
- Stringent regulatory and compliance norms
- For a full, detailed list, view our report
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Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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IT Spending in Cold Chain Logistics Market 2016-2020 - Global Market to Grow at a CAGR of 8.36% During Forecast
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