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The global connected logistics industry market is expected to gain a higher CAGR in the forthcoming period. Connected logistics is the advent of digital trucking and is supposed to transform the entire freighting and transportation on world’s highways.A combination of novel technologies, trucks and transportation and other vehicles are expected to enhance the utilization via remote maintenance, enhance efficiency and boost safety. Technological and digital advances will have a profound impact on entire logistics system, trucks will even become highly integrated into the entire logistics chain along with the inception of factories, warehouses, and end customers, since all players across the supply chain are deemed to attain full transparency for whereabouts on their goods.
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Market Drivers and Restraints:
Connected logistics industry market is driven by factors such as rising need for mobility, increasing need for reduction in cost of administrative processes and extensive use of IoT for connected devices. In addition, the connected devices serve to enhance logistics business by operating under real-time scenario with ease of information access and content management. Features such as robustness, software integration with multiple devices further helping in informed decision-making, contributes significantly to the market development in the near future.
Subsequently, enhanced market solutions for intelligent transportation solution is expected to boost the market growth in the near future. Rise in e-commerce along with rise in IoT is likely to gain a significant traction in the forecast period. However, failure of competency in integrated systems and dearth of technical proficiency is likely to create a hindrance in the forecast period up to 2023.
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By Technology segmentation, the connected logistics industry market includes
• Cellular
• Bluetooth
• Wi-Fi
• Satellite
• NFC
By End-use segmentation, the connected logistics industry market include,
• Food & Beverage Supply Chain
• Healthcare
• Retail
• Freight Management
• Warehouse Management
Geographical segmentation for connected logistics industry market include,
• Europe
• North America
• South East Asia
• Japan
• China
• India
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In The News:
CargoSense Inc with a logistical approach for supply chain operations declared its collaboration with Bosch Connected Devices and Solutions. The primary objectives of this collaboration is to offer a high-level logistics solution that aims at catering to different verticals, worldwide. Furthermore, the rising complexity of global supply chains and the need for robust and transparent logistic solution is felt. In return, the companies are constantly engaged into R&D that leverages shipment data to enables detailed insights for global operations and best practices for cargo handling.
Key Players in the connected logistics industry market include,
• International Business Machines Corporation
• SAP SE
• Google Inc.,
• Amazon Web Services Inc.
• Infosys Limited, Microsoft Corporation
• Oracle Corporation
• NETSUITE Inc.
• Dynatrace LLC
• Freightage Inc.,
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