Connected Logistics Market Scope
Connected logistics can be defined as a set of devices, joints or assembly of different technologies that are interdependent and used in key logistics processes to make it more customer-centric, increase its transparency and efficiency, that is done by sharing data, information, and facts with the supply chain partners. Connected logistics helps in redefining the schedule and speeding up the process, hence sharing Information in the business world can be done efficiently and effectively.
The Connected Logistics market study is segmented by Type (Device Management, Application Management and Connectivity Management), by Application (Retail, Oil & Energy and Gas, Pharmaceuticals and Healthcare, Telecom and IT, Automotive, Aerospace and Defense, Food and Beverage, Chemical and Others) and major geographies with country level break-up. According to AMA, the Global Connected Logistics market is expected to see growth rate of 7.34% and may see market size of USD39.8 billion by 2026.
Competition among the key players is at the peak level, as availability of large number of suppliers and even the threat of new entrant is high owing to market attractiveness. Key players are mainly focusing on adding new features and technologies to gain market attention. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Connected Logistics market throughout the predicted period.
AT&T (United States), Eurotech S.P.A. (Italy), IBM Corporation (United States), Intel Corporation (United States), Sap Se (Germany), Infosys Limited (India), Cisco Systems, Inc. (United States), HCL Technologies Limited (India), Orbcomm Inc. (United States) and Cloud Logistics (United States) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Connected Logistics market by Type, Application and Region. On the basis of Type, device management are dominating the market in the year 2020 where as application management stood as second largest market share.
On the basis of application, Telecom and IT segment is dominating the market in the year 2020
On the basis of geography, the market of Connected Logistics 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). North America region held largest market share in the year 2020. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Trend
- Implementation of IoT in supply chain management (SCM) system
- Rapid advancement in cloud computing
- Adoption of sensor based technologies
Market Drivers
- Fast and rising adoption of IoT in various domains
- Rising demands for faster operations
- Technological advancement like Big data and analytics platform
- Increasing number of smart cities
Opportunities
- Increment in count of high-tech vehicles
- Revolution in mobile technologies
- Requirement for logistics transparency
Restraints
- changing government standards
Challenges
- Related security issues
- Connectivity problems
Key Target Audience
Logistics Solution Provider & Application Developers, Network Operators & System Integrators, Communication Equipment Providers & Consulting Firms, Government Agencies & Authorities, Semiconductor Companies & Embedded Systems Companies, Managed Service and Middleware Companies, Wireless Network Operators and others
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