1. What is the projected Compound Annual Growth Rate (CAGR) of the Connected Logistics Market?
The projected CAGR is approximately 20.3%.
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Connected Logistics MarketConnected Logistics Market by Component (Hardware, Solutions, Services), by Transportation Mode (Roadway, Railway, Airway, Seaway), by Vertical (Manufacturing, Automotive, Food, Beverages, Consumer Goods, Retail, Oil & Gas, Travel, Hospitality, Healthcare, Pharmaceuticals, Others), by North America (United States, Canada, Mexico), by South America (Brazil, Argentina, Rest of South America), by Europe (United Kingdom, Germany, France, Italy, Spain, Russia, Benelux, Nordics, Rest of Europe), by Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, Rest of Middle East & Africa), by Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, Rest of Asia Pacific) Forecast 2025-2033
The Connected Logistics Market size was valued at USD 14.49 USD Billion in 2023 and is projected to reach USD 52.84 USD Billion by 2032, exhibiting a CAGR of 20.3 % during the forecast period. Connected Logistics is a term used to identify the use of technology and data driven solutions in the coordination and optimization of logistic activities. Its applications include both the real-time tracking of shipments and the predictive analysis for demand forecasting. This particular logistics is the most IoT devices, cloud computing, and data analytics platforms based ones. The system has sensors, RFID tags, GPS and smart software for data analytics and decision making. The trend of connected logistics is indicated by the adoption of blockchains for transparent and secure transactions, the employment of artificial intelligence for predictive purposes, as well as the use of autonomous vehicles and drones for effective transport.
Component:
Transportation Mode:
Vertical:
This report offers a detailed and insightful analysis of the global connected logistics market. It goes beyond simple market sizing to provide a deep dive into the key growth drivers, emerging challenges, prevalent trends, competitive dynamics, and profiles of leading market players. The report also includes a comprehensive overview of the latest technological innovations, best practices within the industry, and a forward-looking perspective on future market opportunities, enabling informed strategic decision-making.
The Asia-Pacific region is expected to hold the largest market share due to factors such as rapid economic growth, growing e-commerce adoption, and increasing government initiatives. North America and Europe are also significant markets, driven by the high adoption of advanced technologies and stringent regulations.
| Aspects | Details |
|---|---|
| Study Period | 2019-2033 |
| Base Year | 2024 |
| Estimated Year | 2025 |
| Forecast Period | 2025-2033 |
| Historical Period | 2019-2024 |
| Growth Rate | CAGR of 20.3% from 2019-2033 |
| Segmentation |
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Note*: In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 20.3%.
Key companies in the market include AT&T Intellectual Property, Robert Bosch GmbH, Cisco Systems, Inc., Freightgate Inc., HCL Technologies Limited, Honeywell International Inc, IBM Corporation, Infosys Limited, Intel Corporation, NEC Corporation, One Network Enterprises, ORBCOMM, SAP SE, SIGFOX, Zebra Technologies Corp..
The market segments include Component, Transportation Mode, Vertical.
The market size is estimated to be USD 14.49 USD Billion as of 2022.
Rising Demand from the Automotive and Construction Sectors to Aid Market Growth.
The increasing availability of connected logistics solutions equipped with a high level of interoperability. security and accessibility features. is fuelling the demand for these solutions. Additionally. the need to lower down the cost associated with warehousing services and shipment are driving the growth of the market. The expanded market for intelligent transportation solutions is anticipated to accelerate the growth of the market..
The Change in International Policies is Expected to Impact the Market Growth.
N/A
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The market size is provided in terms of value, measured in USD Billion and volume, measured in Million Units.
Yes, the market keyword associated with the report is "Connected Logistics Market," which aids in identifying and referencing the specific market segment covered.
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