Global Connected Logistics Market Could Reach $47.08 bn at 22.08% CAGR during 2022-26, Predicts Report

The “Global Connected Logistics Market 2022-2026” report expects the market size to grow by USD 47.08 billion, accelerating at 22.08% CAGR during the forecast period.

The report includes a holistic analysis, growth drivers, trends, market size and forecast, challenges, and vendor analysis of about 25 vendors.

The report provides the latest analysis concerning the current scenarios of the global market, the overall environment, the latest trends, and the drivers of the market. Some of the market drivers include the need to minimize energy consumption, improve connectivity, improve control and visibility, and effectively manage temperature-sensitive products in supply chain systems.

The analysis involves the type segment and geographic landscape.

 

Following are the segmentations for the connected logistics market:

By Type

  • IT services
  • Hardware services
  • Software services

By Geographical Landscape

  • Europe
  • North America
  • South America
  • APAC
  • Middle East and Africa

As per the study, the growing adoption of IoT in SCM structures is one of the top reasons that drive growth in the connected logistics market in the upcoming years. Also, using supply chain analytics and cloud computing along with mobile tech innovations will create a sizable market demand.

The analyst displays the market’s in-depth image through summation, synthesis, and study of information from more than one source by evaluating key parameters. This connected logistics market report covers the areas given below:

  • Market sizing
  • Market industry analysis
  • Market forecast

This robust vendor analysis aims to assist clients to enhance their market position. And, per this, it offers a detailed evaluation of several leading vendors of the connected logistics market such as Accenture Plc, Amazon.com Inc., AT and T Inc., Cisco Systems Inc., HCL Technologies Ltd., Huawei Technologies Co. Ltd., Infosys Ltd., Intel Corp., International Business Machines Corp., Microsoft Corp., Oracle Corp., ORBCOMM Inc., PTC Inc., Qualcomm Inc., Samsung Electronics Co. Ltd., SAP SE, Siemens AG, Tata Consultancy Services Ltd., Thales Group, and ALE International. Moreover, the report also includes knowledge of upcoming challenges and trends that will influence the growth of the market. This will assist companies in strategizing and leveraging future growth opportunities.

To conduct the study, combined objectives of primary and secondary data were used. It comprised inputs from key industry members. A comprehensive landscape of vendors and the market plus an analysis of the key vendors are included in the report.

The analyst displays an in-depth market visualization via way of means of the manner of study, synthesis, and summation of data from more than one source. For this, an evaluation of key parameters like promotions, pricing, profit, and competition is used. It puts light on different facets of the market through the identification of key industry influencers. The data in the report is reliable, comprehensive, and a result of extensive research that includes both primary and secondary. Market research reports by Technavio forecast accurate market growth through quantitative and qualitative research to offer a detailed vendor selection methodology and analysis as well as a complete competitive landscape.

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