What is Cloud Based IoT Logistic Monitoring Market?
IoT can be used to build a smart location management system in the logistics industry, allowing businesses to monitor driver activities, vehicle location, and delivery status more easily. A manager is alerted by a push message when items are shipped or arrive at a specific location. A solution like this is a lifesaver when it comes to delivery planning, schedule compilation, and viewing. As a result, IoT technology can be used to improve location management while also streamlining business processes. Cloud-based IoT, on the other hand, is a vast network that supports IoT devices and applications. This includes the servers and storage that are needed for real-time operations and processing.
Highlights from Cloud Based IoT Logistic Monitoring Market Study
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Bridgera (United States), Microsoft Corp. (United States), International Business Machines (IBM) Corp (United States), Tata Communications (United States), AT&T Inc. (United States), Eyedentify (India), Beam Tracking (Netherland), Cloud Logistics (United States), Roambee (United States) and Samsara (United States) |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Cloud Based IoT Logistic Monitoring market throughout the forecasted period.
Bridgera (United States), Microsoft Corp. (United States), International Business Machines (IBM) Corp (United States), Tata Communications (United States), AT&T Inc. (United States), Eyedentify (India), Beam Tracking (Netherland), Cloud Logistics (United States), Roambee (United States) and Samsara (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Oxagile, Highway 905, 3Gtms, Inc. and Telenor Connexion. Cloud Based IoT Logistic Monitoring Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Efficient Fleet Management, Warehouse and Inventory Management, Freight Safety, Supply Chain Management, Tracking and Tracing, Analytical Maintenance, Visibility For In-transit Carriers and Order and Delivery Tracking |
Industry | Automotive,Retail,Food &Beverage,Real Estate,Healthcare,Oil &Gas,Aerospace & Defence |
Connectivity | Cellular Network,Local Area Network (LAN) |
Enterprise | Small and Medium Enterprise (SME),Large Enterprise |
Component | Sensors/Devices,Connectivity,Data Processing,User Interface |
Mode of Transportation | Roadway,Railway,Airway,Waterway |
On the basis of geography, the market of Cloud Based IoT Logistic Monitoring has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Artificial and Augmented Intelligence, Real-Time Supply Chain Visibility, Blockchain, Autonomous Vehicles and Warehouse Robotics
Market Growth Drivers:
Provides End To End Visibility To Maximize Supply Chain Efficiency and Detect Risks And Avoiding Mishaps In Logistics Domain
Challenges:
Lack of Data Management and Interoperability
Restraints:
Lack of Uniform Governance Standards
Opportunities:
Logistics Companies Investing In Automation
Key Target Audience
IoT For Cold Chain Monitoring Service Provider, Technology Provider, Government Associations, Research Organizations, Software Vendors and Others
Market Leaders & Development Strategies
In August 2020, Roambee Corporation entered into a partnership agreement with Rogers to enable businesses to take advantage of the Internet of Things technologies, resulting in smarter, more agile supply chain and connected operations.