With the emergence and long-term Impact of COVID-19, Global Connected Logistics Market to reach USD 87.80 Billion by 2030
Bizwit Research & Consulting LLP’s Recent Analysis on Global Connected Logistics Market is poised to raise up to USD 87.80 Billion by 2030. Connected logistics refers to the integration of various technologies, systems, and processes within the logistics and supply chain management domain to enable seamless communication, data exchange, and coordination across the entire supply chain network. It involves the use of digital platforms, Internet of Things (IoT) devices, data analytics, and automation to optimize the movement of goods, enhance visibility, and improve efficiency throughout the supply chain. The Connected Logistics Market is expanding because of factors such as the rising adoption of IoT technologies, the growing adoption of logistics 4.0 principles and the growing shift of consumers towards online shopping.
Geographically, the global Connected Logistics market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America dominated the market in 2022 owing to factors such as the presence of highly developed road and rail infrastructure, growing demand for technological integration in logistics, presence of major players in the region and rapid boom in the E-commerce market. Asia Pacific is expected to grow significantly over the forecast period. This can be attributed to factors such as rising technological advancements in transportation, growing investments in developing megacity and metro projects and the presence of leading E-commerce companies in the region.
The global Connected Logistics market is highly competitive owing to the presence of several key market players such as Intel Corporation, Infosys Limited, Cisco System Inc., HCL Technology Limited, SAP SE, ORBOCMM, and others.
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Key findings of the study suggest:
- Global Connected Logistics Market is anticipated to grow with a healthy growth rate of more than 14.50% over the forecast period 2023-2030.
- In the Component segment, Hardware emerged out as the leading market segment in 2022.
- In the Transportation Mode, Roadways emerged out as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to factors such as the presence of highly developed road and rail infrastructure, growing demand for technological integration in logistics, presence of major players in the region and rapid boom in the E-commerce market.
- Asia-Pacific is expected to grow at higher rate followed by North America during 2023-2030.
Bizwit Research & Consulting has considered following segments for the study:
Component:
- Hardware
- Software
- Services
Transportation Mode:
- Roadways
- Railways
- Airways
- Waterways
Vertical:
- Retail & E-commerce
- Automotive
- Aerospace & Defense
- Healthcare
- Energy
- Electronics & Semiconductors
- Others
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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