Air Sea Logistics & Automotive Transportation News

Learn details of the connected logistics market growing worth 41.30 billion USD by 2021

Automotive and Transportation Market Research

Connected logistics market categorizes the global market by software as asset management, warehouse IoT, security, network management, data management, and streaming analytics, by platform, by service, by transportation mode, by vertical, and by region.

The report "Connected Logistics Market by Software (Asset Management, Warehouse IoT, Security, Network Management, Data Management, and Streaming Analytics), Platform, Service, Transportation Mode, Vertical, and Region - Global Forecast to 2021", The connected logistics market size is expected to grow from USD 10.04 Billion in 2016 to USD 41.30 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 32.7%.

Browse 79 market data tables and 50 figures spread through 150 pages and in-depth TOC on “Connected Logistics Market by Software (Asset Management, Warehouse IoT, Security, Network Management, Data Management, and Streaming Analytics), Platform, Service, Transportation Mode, Vertical, and Region - Global Forecast to 2021”

PDF Sample Brochure

The major drivers include an upsurge in demand for connected logistics software, platforms, transportation mode, verticals, and services which include an increasing demand for improved technology and services in logistics, an emerging trend of connected devices, increasing government initiatives, and the emergence of IoT.

Asset management software is likely to hold the largest market share in the connected logistics market

Increasing globalization and the need for advanced transportation and logistics infrastructure is driving the need to develop automated logistic systems.

Asset management software assists freight and infrastructure managers to address issues such as improvement in service availability & performance and utilization through mobile device. Software such as advanced vehicle control system and logistic tracking system provide information regarding the real-time position of a vehicle.

Accurate information serves as the input data for refined production schedules and improved logistics.

Security software is expected to grow at the highest CAGR during the forecast period

The market for security software provides tools for data analysis and responds to false events in real-time. The software monitors entry point to detect the unauthorized objects possessed by individuals in the transport vehicles.

In addition to that, the demand for cloud-based services, analytics, and mobile internet technologies is increasing due to their efficient IT management and reliable security environment.

Access report

North America is expected to hold the largest market share in the connected logistics market

As per the geographic analysis, North America is the largest consumer market and is likely to benefit from its technological advancements further helping in the seamless IoT adoption.  Countries such as the U.S., Canada, and Mexico are the major growth drivers of the region.

The strong financial position allows these countries to invest heavily in leading tools and technologies in the logistics market.

The major vendors covered in the connected logistics market include AT&T Inc. (Texas, U.S.), Eurotech S.P.A (Amora, Italy), IBM Corporation (New York, U.S.), Intel Corporation (Santa Clara, U.S.), SAP SE (Walldorf, Germany), Infosys Limited (Bengaluru, India), Cisco System Inc. (California, U.S.), HCL Technology Limited (Noida, India), ORBCOMM (New Jersey, U.S.), Cloud Logistics (Florida, U.S.), and Freightgate Inc. (California, U.S.).

News From

MarketsandMarkets™ - Business ResearchMarketsandMarkets™
Category: Market Research Publishers and RetailersCompany about: MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth ...
This email address is being protected from spambots. You need JavaScript enabled to view it.