Connected Logistics Market Is Growing at Significant Rate, 2027
Increasing adoption of IoT networks and devices supported by benefits offered by connected solutions to logistic systems are some of the factors driving the demand of connected logistics market.
Valley Cottage, NY -- (SBWire) -- 12/28/2017 --Connected logistic through internet of things (IoT) is a new and increasingly growing technological trend in the transport sector, supported by increasing number of digital technologies and the need of devices, peoples, sensors, and objects to stay connected and exchange information with each other.
Connected logistics aids in monitoring the entire operational cycle of transport sector, from warehousing and transportation to the final delivery and provides improved features in terms of improved security and operational productivity.
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Connected Logistics Market: Market Dynamics
Typically, the connected devices and sensors were been installed in warehouses and movable containers in order to capture the real time data, but with growing availability of Wi-Fi networks and devices, application of IoT in the logistic sector has been increasing. While most developed nations have implemented connected logistics to manage their international and domestic supply chains and networks, developing countries are in the process of revamping their supply chain & networks by increasing their network infrastructures which will drive the demand for connected logistics.
Connected Logistics Market Segmentation
Segmentation of connected logistics market on the basis of component:
Software & platforms
Segmentation of connected logistics market on the basis of vertical:
Segmentation of connected logistics market on the basis of geography:
North America (U.S., Canada)
Latin America (Mexico, Brazil)
Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
Eastern Europe (Poland, Russia)
Asia-Pacific Excluding Japan (China, India, ASEAN, Australia & New Zealand)
The Middle East and Africa (GCC, South Africa, North Africa)
Sub-segmentation of connected logistics market on the basis of the sector:
On the basis of geography, connected logistics market can be segmented into seven key regions namely North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan and Middle East & Africa. Among various regions, the connected logistics market in North America is expected to dominate during the forecast period because of heavy investment in region in the field of IoT and connected logistic solutions. North America region is expected to be followed by Western Europe and APEJ. APEJ is expected to drive the demand for connected logistics market, supported by improving networking services and increasing adoption of IoT devices by different verticals in the region.
Increasing adoption of IoT networks and devices supported by benefits offered by connected solutions to logistic systems are some of the factors driving the demand of connected logistics market. Other factors driving the demand for connected logistics includes decreasing costs of technologies that supports connected logistics including sensors, RFID, barcode, GPS, cloud services etc. Some of the factors restraining the growth of connected logistics market includes security aspects of the IoT devices and lack of uniform standards in terms of IoT technologies.
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Some of the major players in the field of connected logistics market include International Business Machines (IBM) Corporation (U.S.), Intel Corporation (U.S.), AT&T Inc. (U.S.), Cisco Systems, Inc. (U.S.), etc.
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