Connected Logistics Market Trends, Share, Size and Regional Forecast, 2020-2026

Posted June 7, 2020 by Aashi_K

The global connected logistics market size was USD 14.49 billion in 2018 and is projected to reach USD 82.14 billion by 2026, exhibiting a CAGR of 24.7% during the forecast period.

The global connected logistics market size is projected to reach USD 82.14 Billion by 2026. Technological advancements have played a key role towards the advancements in connected logistics systems. According to a report published by Fortune Business Insights, titled “Connected Logistics Market Size, Share & Industry Analysis, By Component (Hardware, Solutions, Services), By Transportation Mode (Roadway, Railway, Airway, Seaway), By Vertical (Manufacturing, Automotive, Food and Beverages, Consumer Goods and Retail, Oil & Gas, Travel and Hospitality, Healthcare and Pharmaceuticals, and Others) and Regional Forecast, 2019-2026,” the market was worth USD 14.49 billion in 2018 and will exhibit a CAGR of 24.7% during the forecast period, 2019-2026.

Connected logistics is an interconnected system that delivers real-time data about the goods and products that are carried during transportation. Use of real-time concepts such as IoT and AI has allowed improved efficacies. Recent advancements in products have led to wider product adoption across the world. The increasing investment in the development of advanced connected logistics will emerge in favor of the growth of the market. The high demand for these products is consequential to the increasing trading activities in several countries across the world. Moreover, the decreasing costs of IoT-integrated systems, accounting for the availability of open-source systems, will influence the growth of the market in the coming years.

North America to Emerge Dominant; Growing Adoption of Logistic Solutions Will Aid Growth

The report analyses the ongoing smart label market trends across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Among these regions, the market in North America is likely to emerge dominant in the coming years. The increasing adoption of connected logistics solutions has created several growth opportunities for companies operating in the regional market. As of 2018, the market in North America was worth USD 4.71 billion and this value is projected to increase further in the coming years. Besides North America, the market in Europe will witness considerable growth in the coming years.

A few of the leading companies that are operating in the global connected logistics market are:
• AT&T Intellectual Property
• Robert Bosch GmbH
• Cisco Systems, Inc.
• Freightgate Inc.
• HCL Technologies Limited
• Honeywell International Inc.
• IBM Corporation
• Infosys Limited
• Intel Corporation

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients.

Contact Us:
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Email: [email protected]
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By Fortune Business Insights™
Phone APAC : +91 744 740 1245
Business Address Fortune Business Insights™ Pvt. Ltd. 308, Supreme Headquarters, Survey No. 36, Baner, Pune-Bangalore Highway, Pune - 411045, Maharashtra, India.
Country India
Categories Industry , Reports , Technology
Tags market research , connection , logistics
Last Updated June 7, 2020