The global connected logistics market is anticipated to grow at a significant CAGR of 24.2% during the forecast period (2022-2028). Through the integration of different linked platforms, connected logistics enables real-time access, improved operational efficiency, and increased productivity of logistic organizations serving a variety of industry verticals. Connected Logistics service providers have offered novel products and solutions to enable easy access and high interoperability in order to achieve high efficiency and informed decision making through collaborative efforts.
The market is growing due to the increased adoption of cloud-based technologies, with the use of logistics 4.0, Bluetooth 5, and IoT. Cloud technology is now widely used by all enterprises, providing logistical businesses with cost-effective solutions. Cloud deployment allows organizations to combine supplemental data. The model may now work from anywhere and at any time through cloud computing.
An increase in demand for advanced logistics solutions and technology improvements, the presence of untapped wants, and a surge in the need for better infrastructure in nations, such as China, Japan, and Australia have huge market growth prospects. Furthermore, the introduction of Bluetooth 5, Bluetooth beacons, increasing internet penetration, and an estimated increase in trade volumes throughout the projection period are expected to boost the connected logistics market demand.
The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, in order to stay competitive in the market. For instance-
- In June 2021, Northern Arc Capital provided $3 million in debt funding to Holisol Logistics, which delivers end-to-end (E2E) supply chain management systems. Due to customer needs for supply chain logistics, Holisol offers E2E solutions. The funds are utilized to expand the company and increase demand.
- In May 2020, BluJay Solutions, a premier cloud-based logistics execution platform, has been acquired by E2open Parent Holdings, Inc. for over $1.7 billion.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Software
- By Service
- By Transportation Mode
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- IBM Corp., Intel Corp., Robert Bosch GmbH, Cisco Systems Inc., and AT&T Inc., among others.
A full report is available at: https://orionmarketreports.com/global-connected-logistics-market/107947/
Global Sensor Fusion Market Report by Segment
Global Connected Logistics Market Report by Segment
By Software
- Asset Management
- Warehouse IoT
- Security
- Data Management
- Network Management
- Streaming Analytics
By Service
- Professional Services
- Managed Services
By Transportation Mode
- Roadways
- Railways
- Airways
- Seaways
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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