Meticulous Research®, a premier global market research firm, has announced the release of its latest report, titled "Connected Logistics Market by Offering, Transportation Mode (Roadways, Railways), Application (Inventory Tracking, Real-Time Fleet Management, Others), End User (Automotive, Healthcare & Pharmaceuticals, Others) and Geography—Global Forecast to 2029." This comprehensive study reveals that the connected logistics market is on track to achieve a substantial growth trajectory, with projections indicating a Compound Annual Growth Rate (CAGR) of 11.5% from 2022 to 2029, ultimately reaching $57.75 billion by 2029.

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The connected logistics market's expansion is fueled by the increasing demand for efficient warehouse management solutions and the rising adoption of technologies such as the Internet of Things (IoT), cloud computing, and other advanced tools across various industries. Despite this growth, challenges such as a lack of standardization and security issues in data management pose potential hurdles. Conversely, opportunities are emerging through the integration of blockchain technology in freight management and the expanding use of connected logistics in developing regions. Moreover, the sector's growing focus on autonomous vehicles is emerging as a significant trend.

Market Segmentation and Insights:

Offering:
The market is segmented into solutions and services. The solutions segment is poised to dominate the market due to heightened needs for remote tracking and real-time monitoring of inventories and goods. Government initiatives aimed at enhancing logistics efficiency and the rise of eco-friendly automobile technologies are driving this trend.
Conversely, the services segment is expected to exhibit the highest CAGR during the forecast period, driven by increasing demand for real-time operational visibility to preemptively address issues before they impact business or customer experiences.
Transportation Mode:
The market is categorized into roadways, railways, airways, and maritime. The roadways segment is anticipated to hold the largest market share, supported by factors such as the need for enhanced road safety, reduced traffic congestion, and increased infrastructure investments. Additionally, the roadways segment is forecasted to grow at the highest CAGR during the forecast period.
Application:
The connected logistics market is divided into inventory tracking, optimized warehousing, real-time fleet management, predictive maintenance, cargo integrity monitoring, end-to-end delivery tracking, and other applications. The inventory tracking segment is projected to lead in market share, driven by the benefits of IoT-powered solutions that offer visibility, accuracy, and reduced manual errors. However, the end-to-end delivery tracking segment is expected to grow at the highest CAGR, thanks to user-friendly dashboards integrating various supply chain stages into a unified application.
End-Use Industries:
The market is segmented into automotive, healthcare & pharmaceuticals, oil & gas, food & beverage, aerospace & defense, manufacturing, IT & telecommunications, retail & e-commerce, and other industries. The retail & e-commerce segment is anticipated to dominate the market, driven by infrastructure advancements, tech-enabled logistics platforms, and growing online shopping trends. The automotive segment is projected to experience the highest CAGR, fueled by the need for optimized visibility and risk management solutions in automotive logistics.
Geography:
The market is segmented into North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa. North America is expected to hold the largest market share due to factors such as increasing public safety initiatives, traffic congestion issues, and the development of smart cities. Meanwhile, the Asia-Pacific region is projected to witness rapid growth, driven by significant investments in megacity projects and ongoing modernization of local transportation networks.
Key Players:

The connected logistics market features prominent players, including International Business Machines Corporation (U.S.), SAP (Germany), Intel Corporation (U.S.), Cisco Systems, Inc. (U.S.), Freightgate Inc. (U.S.), ORBCOMM (U.S.), AT&T Intellectual Property (U.S.), Honeywell International Inc. (U.S.), Bosch Service Solutions GmbH (Germany), HCL Technologies Limited (Noida), Infosys Limited (Bengaluru), Eurotech S.p.A. (Italy), Microsoft (U.S.), Siemens (Germany), Oracle (U.S.), Zebra Technologies Corp. (U.S.), Cloud Logistics (U.S.), NEC Corporation (Japan), Accenture (Ireland), and Sigfox (France).

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