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globalreportsinsights ยท 3 days ago
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๐Ÿšš๐Ÿ“ก Connected Logistics Market to Skyrocket to $423.64 Billion by 2032! โ€“ Revolutionizing the Supply Chain ๐ŸŒ
๐Ÿ“Š The global connected logistics market reached USD 14.49 billion in 2018 and is projected to soar to USD 423.64 billion by 2032, growing at an exceptional CAGR of 23.7%.
๐ŸŒŽ North America led the global market in 2018 with a 32.50% share, powered by digital infrastructure and early tech adoption across logistics networks.
๐Ÿ”— Connected logistics leverages IoT-based platforms (hardware + software + services) to provide real-time visibility of goods in transitโ€”via roadways, railways, airways, and seawaysโ€”enhancing supply chain efficiency, tracking, risk mitigation, and route optimization.
๐Ÿš› Key Features & Benefits:
๐Ÿ“ Fleet tracking & location monitoring
๐Ÿ“ก Cargo traffic management & routing
๐Ÿ”’ Supply chain security management
๐Ÿ“Š Real-time analytics & performance optimization
๐Ÿ“ฆ Resilience planning for dynamic logistics operations
๐Ÿงฉ By Component:
Hardware
Solutions
Services
๐Ÿšข By Transportation Mode:
Roadway
Railway
Airway
Seaway
๐Ÿญ By Vertical:
Manufacturing
Automotive
Food & Beverages
Consumer Goods & Retail
Oil & Gas
Travel & Hospitality
Healthcare & Pharmaceuticals
Others
๐Ÿข Top Connected Logistics Companies:
AT&T Intellectual Property
Robert Bosch GmbH
Cisco Systems, Inc.
Freightgate Inc.
HCL Technologies Limited
Honeywell International Inc
IBM Corporation
Infosys Limited
Intel Corporation
NEC Corporation
One Network Enterprises
ORBCOMM
SAP SE
SIGFOX
Zebra Technologies Corp.
๐Ÿ› ๏ธ Key Industry Developments:
Trimble acquired Kuebix, enhancing TMS offerings with integrated fleet and carrier networks.
Intel introduced the Intel Connected Logistics Platform, a cost-efficient IoT tool for asset condition and location monitoring throughout the supply chain.
๐Ÿ“ˆ With the surge in eCommerce, just-in-time deliveries, smart warehousing, and automation, connected logistics is becoming the backbone of tomorrowโ€™s digitized, agile supply chain.
๐Ÿ”— Read Full Report Here: ๐Ÿ‘‰ https://www.fortunebusinessinsights.com/connected-logistics-market-102414
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