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Connected Logistics Market by Software, Platform, Service, Transportation Mode, Vertical, and Region - Global Forecast to 2021

Connected Logistics Market: Global Forecast until 2021

  • February 2017
  • 152 pages
  • ID: 4751621
In this report:
According to IoTONE, the cost of these components is expected to witness an additional fall from ##% to ##% in 2015.
The global connected logistics market is expected to grow from USD ##.## billion in 2016 to USD ##.## billion by 2021, at a Compound Annual Growth Rate (CAGR) of ##.##% from 2016 to 2021.

Summary

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"The evolution of connected vehicles and growing logistics transparency across the world and the rising adoption of connected and intelligent devices are some of the factors projected to drive the connected logistics market"

The connected logistics market size is forecasted to grow from ~$10.0B in 2016 to ~$41.3B by 2021, at a CAGR of 32.70 percent. The rise is assigned to the expanding adoption of connected/smart devices by consumers across the world, which is rising the industry demand for better network connectivity. The increasing number of internet users, the presence of emerging economies, and growing infrastructure needs are driving the increase of the market in Asia-Pac. Rising spending in technology is helping to the rise of the connected logistics market in North America continent and Europe (EU).

Nevertheless, lack of uniform standards in organizational bodies is restraining the increase of the logistics and transportation vertical.

"Rising retail, pharmaceutical, and healthcare verticals are anticipated to gain prominent traction during the outlook period"

Retail is anticipated to grow at the highest compound annual growth rate (CAGR) in the vertical segment during the estimate period. This vertical has witnessed significant increase over the years with improvements made in the logistics management solution that helps in addressing enterprise demands. The IoT solutions will enhance the quality of shopping experience while improving available technology, economic structure, and environmental change in the interest of the retail sector.

"North America (NA) is forecasted to hold the largest part of market share, because Asia-Pacific is expected to grow at the maximal rate during the outlook period"

As per the geographic review, North America continent is forecasted to have the biggest market share. It is likely to benefit from its technological advancements and followed by robust internet infrastructure. Asia-Pac is anticipated to be the quickest-increasing area between 2016 and 2021in the overall connected logistics market.

With a huge investment in the market, corporations are facilitating the flow of goods with a highly skilled workforce and low regulatory burdens, as the territory consists of the world's biggest consumer market. Therefrom, the adoption of new technologies and the presence of a strong domestic solution provider have contributed to the shift towards automated logistics and transportation infrastructure from conventional infrastructure. The sector forecasted to grow at a significant pace in the next years.

In the process of finding out and checking the market value for various segments and sub-segments collected by secondary research, extensive primary audit sessions were managed with main industry personnel. The break-up profile of primary discussion participants is presented below.

- By Company category: Tier-1 (40.0 percent), Tier-2 (25.0 percent), and Tier-3 (35.0 percent) firms

- By Description: C-suite (40.0 percent), D-level (30.0 percent), and others (30.0 percent)

- By area: North america (NA) (40.0 percent), Asia-Pacific (25.0 percent), Europe (20.0 percent), and Rest of World (15.0 percent)

Segment Research

The study carries discussion on several connected logistics segments, including by software (asset management, warehouse IoT, security, network management, data management, streaming analytics), by platform (device management, application management, connectivity management), by service, by transportation mode (roadway, railway, airway, seaway), by vertical (retail, manufacturing, oil & gas and energy, pharmaceuticals and healthcare, telecom and IT, automotive, aerospace and defense, food and beverages, chemical, and others).

Why Purchasing This Study Can Help You:

The analysis will facilitate the market top players/new sector entrants in the connected logistics market in these ways:

1. The connected logistics document breaks down the market into different subsegments covering this sector overall. The market research offers the closest approximations of the market size for the global market and the sub-segments.

2. The connected logistics report will help in understanding the players better and acquire additional insights to strengthen one's market position. There is a separate division on opposing landscape, which comprises competitor landscape and mergers & acquisitions, alliances, and collaborations. Also, there are company profiles of the top 10 actors in the connected logistics market, where industry internals that can put one ahead of the competitors, have been provided.

3. The connected logistics report also helps in understanding the global increase of the market. It offers info on main market drivers, market restraints, opportunities, and alternatives.

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