Market Definition
The connected logistics market is estimated to grow from USD 9.6 billion in 2022 to USD 38.5 million by 2032, at a CAGR of 14.9% during the forecast period.
Connected logistics is a term used to describe the process of integrating different logistics systems and networks in order to create a more efficient and effective supply chain. This can be done through the use of technology, such as RFID tags and GPS tracking, to connect different parts of the supply chain and allow for real-time information sharing. By connecting different logistics systems, businesses can reduce costs, improve communication, and optimize their operations.
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Market Outlook
There are several key trends in Connected Logistics technology.
One is the trend toward more automation and robotics. This is driven by the need for speed and efficiency in the logistics industry.
Additionally, there is a trend toward more data-driven decision-making. This is driven by the need for better visibility and control over the supply chain.
Additionally, there is a trend toward more collaborative decision-making. This is driven by the need for better coordination and communication between different stakeholders in the supply chain.
Key Drivers
The key drivers of the Connected Logistics market are:
1) The ever-growing need for better supply chain management and efficiency: In today’s business environment, the need for efficient and effective supply chain management has never been greater.
2) The rise of the Internet of Things (IoT): The IoT is playing an increasingly important role in the world of logistics and supply chain management.
3) The increasing adoption of cloud-based solutions: Cloud-based solutions are becoming more popular in the logistics industry due to their flexibility and scalability.
Restraints & Challenges
The key restraints and challenges in the connected logistics market are as follows:
1. Lack of standardization: There is a lack of standardization in the connected logistics market, which hampers the growth of the market.
2. High cost of deployment: The cost of deploying connected logistics solutions is high, which is a major challenge for the market players.
3. Lack of skilled workforce: There is a lack of skilled workforce in the connected logistics market, which is a challenge for the market players.
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Research Objectives
• Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
• Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
• Identify factors influencing market growth and challenges, opportunities, drivers and restraints
• Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
• Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
• Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
• To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
• Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives
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Market Segments
The connected logistics market is segmented by component, transportation, end-user, and region. By component, the market is classified into devices, software, and services. Based on transportation, is bifurcated into roadways, railways, airways, and seaways. On basis of the end-user, it is divided into manufacturing, IT & telecom, oil & gas, automotive, healthcare, retail, and others. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and the rest of the World.
Key Players
The global connected logistics market Hexagon AB, Robert Bosch, IBM Corporation, Microsoft Corporation, Oracle Corporation, Intel Corporation, Cisco Systems, SAP SE, Infosys Limited, Tata Consultancy Services Ltd., and others.
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Research Scope
• Scope – Highlights, Trends, Insights. Attractiveness, Forecast
• Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
• Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
• Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
• Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
• Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis
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