Connected Logistics Market Future Growth, Opportunities, Analysis And Forecast By 2027
Summary:
A new study title “Connected
Logistics market size, status and forecast 2027” has been featured on
market research future.
Connected Logistics
Market-Overview
The need for communication in the
logistic chain is imperative, thus bolstering the connected logistics
market 2020. The ICT industry reports are produced
by Market Research Future, which highlights market options for expansion.
A 22% CAGR is estimated to define market development in the forecast period.
The need for proper control over
the management of the products is estimated to guide the connected logistics market.
Moreover, the development in the smart transportation market is predicted to
spur the expansion of the connected logistics market share in the impending
period.
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Segmental Analysis
The segmentation of the connected
logistics market is conducted by software, transportation mode, platform, and
vertical. On the basis of the software, the connected logistics market is
segmented into the warehouse management system, network management, security,
asset management, data management, and streaming analytics. Based on the
platform, the connected logistics market is segmented into device management,
application management, and connectivity management. On the basis of the
transportation mode, the connected logistics market is segmented into airways,
waterways, roadways, and railways. Based on the verticals, the connected
logistics market is segmented into automotive, manufacturing, healthcare,
retail, I.T. & Telecom, food & beverage, oil & gas, and others.
Based on the regions, the connected logistics market comprises of North
America, Europe, Asia Pacific, and the rest of the regions.
Detailed Regional Analysis
The regional study of the
connected logistics market encompasses North America, Europe, Asia Pacific, and
the rest of the regions. It has been apparent that the North American regional
market is poised to be the main shareholder of the connected logistics market.
The reputable logistics industry and technical alterations in the North
American region are predicted to motivate the connected logistics market.
Innovation in technology is also expected to enhance the application of
connected logistics. The Asia Pacific regional market is anticipated to prove
the enormous growth prospects, importantly, in nations such as China and India.
Due to the swelling population and producers in this region are utilizing
innovative systems in their processes for management of complex logistics that
are more efficient with the assistance of tools, which is intended to gather
and decipher data.
Competitive Analysis
The expansion of the market has
currently come close to a standstill with government agencies and trade bodies,
introducing a stimulus to pick up the pace of development in the global market.
The support provided by regulations is estimated to stave off the effects of
the downturn considerably in the coming period. The recalibration of the supply
chain is estimated to be another area for market expansion in the upcoming
period. The currency inflow is estimated to be restricted in the upcoming
period, which may create further problems for the overall market growth.
Current disequilibrium in the market forces has led to the market players
adopting a more cautious approach to growth and development strategies. The
planning and forecasting for human capital in the market is estimated to be a
crucial area for focus in the years ahead. Advances in production style and technologies
are estimated to gain precedence in the coming years as areas of innovation.
The leading companies in the
global connected logistics market are Infosys Limited (India), SAP SE
(Germany), Huawei Technologies (China), Freightgate Inc. (U.S.), Eurotech S.P.A
(Europe), Cisco System Inc. (U.S.), HCL Technology Limited (India), ORBCOMM
(U.S.), IBM Corp. (U.S.), AT&T Inc. (U.S.), Cloud Logistics (U.S.), Amazon
Web Services(U.S.), Accenture (Republic of Ireland), Intel Corporation (U.S.),
and Siemens (Germany).
Industry Updates:
Apr 2020
BMW is experimenting with a variety of autonomous, connected, and intelligent
technologies at its German locations. BMW and three partner businesses from
Bavaria are testing the possibilities for building BMW Group Plant Dingolfing,
a smart factory for logistics. It’s an element of a three-year research project
maintained by the Bavarian Ministry of Economic Affairs, Regional Development,
and Energy. The “Autonomous and Connected Logistics” research project was
formally commenced in September 2019 and is now going towards the solid phase.
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