Global Connected Logistics Market – Industry Trends and Forecast to 2024
Market Analysis: Global Connected Logistics Market
The Global Connected Logistics Market accounted for USD 11.32 billion in 2016 growing at a CAGR of 33.7% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Market Definition: Global Connected Logistics Market
The demand for on-time and safe delivery calls for real-time monitoring of vehicles carrying the goods, which in turn has increased the demand for connected logistics. Connected logistics not only monitors the entire supply chain but also enhances operational productivity and improves safety measures. This provides retailers and manufacturers the information about the position of ships, planes, trucks and helping logistics business department to plan their process more efficiently and effectively. It is widely applicable in retail, manufacturing, oil, gas, and energy, pharmaceuticals and healthcare, telecom and information technology, automotive, aerospace and defense, food and beverage, chemicals, and others. Emergence of IoT connecting devices may act as the major driver in the growth of connected logistics market. On the other side, lack of uniform government standards may hamper the market.
Major Market Drivers & Restraints:
Decreasing cost of sensors
Need for operational efficiency
Emergence of IoT connecting devices
Lack of uniform governance standards
Market Segmentation: Global Connected Logistics Market
The global connected logistics market is segmented on the basis of software into asset management, warehouse internet of things, security, data management, network management, and streaming analytics. The asset management segment is further sub segmented into remote asset management, and predictive asset maintenance and monitoring. The warehouse internet of things segment is further sub segmented into building automation system (BAS), warehouse management system (WMS), warehouse control system (WCS).
On the basis of service, the global connected logistics market is segmented into professional services, and managed services. The professional services segment is further sub segmented into consulting services, integration and deployment services, and support and maintenance.
On the basis of transportation mode, the global connected logistics market is segmented into roadways, railways, airways, and seaways.
On the basis of vertical, the global connected logistics market is segmented into retail, manufacturing, oil, gas, and energy, pharmaceuticals and healthcare, telecom and information technology, automotive, aerospace and defense, food and beverage, chemicals, and others.
On the basis of geography, the global connected logistics market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
Company Share Analysis: Global Connected Logistics Market
The report for connected logistics market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyze and do more affective investments.
Major Market Competitors: Global Connected Logistics Market
Some of the major players of the global connected logistics market are AT&T, EUROTECH S.p.A., IBM Corporation, Intel Corporation, SAP SE, Infosys Limited, Cisco, HCL Technologies Limited, ORBCOMM, Cloud Logistics, Freightgate Inc., PTC, SecureRF Corporation., ZIH Corp, GT Nexus, EUROTECH S.p.A., Amazon Web Services Inc., Oracle, Dynatrace LLC., Amazon Web Services, Inc., and others.
Research Methodology:Global Connected Logistics Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry.
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