Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, the Global Connected Logistics Market Size is Expected to Grow from USD 37.94 Million in 2023 to USD 152.94 Million by 2033, at a CAGR of 14.96% during the forecast period 2023-2033.
Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Connected Logistics Market Size, Share, and COVID-19 Impact Analysis, By Component (Hardware, Software, and Services), By Transportation Mode (Roadways, Railways, Airways, and Waterways), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
Connected logistics is the integration of the latest digital technologies, including the Internet of Things (IoT), cloud computing, artificial intelligence (AI), and big data analytics into supply chain management and transportation systems. It allows for real-time tracking, improves visibility, and enhances communication among all stakeholders, optimizing operations and making them more efficient. Adopting connected logistics solutions means smarter decision-making, lower operational costs, and a more agile logistics network. The major driving factors for connected logistics include increasing demand for real-time data visibility, the expectations of consumers for faster delivery, and the need to reduce costs in supply chain management. Moreover, growth in IoT technology and an increase in 5G networks allow for easy connectivity and data exchange between stakeholders in the logistics ecosystem. Focusing on sustainability and regulatory compliance further increases the adoption of connected logistics solutions. However, there are potential obstacles to the extensive penetration of connected logistics. The high initial investment is involved, along with data privacy issues and the overall complexity of integrating new technology with current infrastructure.
The software segment is predicted to hold the greatest market share through the forecast period.
Based on the component, the connected logistics market is classified into hardware, software, and services. Among these, the software segment is predicted to hold the greatest market share through the forecast period. This growth is driven by the increasing demand for advanced software solutions that enable real-time tracking, data analytics, route optimization, and enhanced decision-making within logistics and supply chain operations. As organizations prioritize operational efficiency and visibility, the adoption of software solutions like transportation management systems (TMS), warehouse management systems (WMS), and supply chain visibility platforms is expected to rise significantly.
The roadways segment is anticipated to hold the greatest market share during the projected timeframe.
Based on the transportation mode, the connected logistics market is divided into roadways, railways, airways, and waterways. Among these, the roadways segment is anticipated to hold the greatest market share during the projected timeframe. This can be attributed to the dominance of road transportation in global logistics, as it accounts for the majority of freight movements across many regions. The increasing adoption of connected logistics solutions such as fleet management systems, real-time tracking, and route optimization technologies in the road transportation sector enhances operational efficiency, reduces costs, and improves delivery times.
North America is estimated to hold the largest connected logistics market share over the forecast period.
North America is estimated to hold the largest connected logistics market share over the forecast period. Due to the development of high infrastructure in rail and road connectivity. There are key players in this industry also, which provide the region to be one of the leading revenue contributors in the global market, during the projected period. Modern infrastructure enables speedier implementation of modern technology. The U.S. is expected to maintain dominance over the forecast period through new technologies, increasing working capital, and rapid growth in the e-commerce sector.
Asia-Pacific is predicted to have the fastest CAGR growth in the connected logistics market over the forecast period. Asia Pacific is expected to grow at a faster pace than any other region and is going to be the hub of all logistical activity in terms of investment and growth. Moreover, the rising technological advancements in transportation and increasing investment in megacity projects are also expected to fuel regional growth over the forecast period. The growth of the region's e-commerce sector and manufacturing industry is contributing significantly to the growth of the target market. China and India are the primary markets in this region.
Competitive Analysis
Major key players in the connected logistics market are Intel Corporation, Infosys Limited, Cisco System Inc., HCL Technology Limited, IBM Corporation, SAP SE, ORBOCMM, Freightgate Inc., Honeywell International Inc., NEC Corporation, and Others.
Key Target Audience
Market Segment
This study forecasts global, regional, and country revenue from 2023 to 2033. Spherical Insights has segmented the connected logistics market based on the below-mentioned segments:
Global Connected Logistics Market, By Component
Global Connected Logistics Market, By Transportation Mode
Global Connected Logistics Market, By Regional Analysis
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