Global Connected Logistics Market – Industry Trends and Forecast to 2030

Connected Logistics Market Analysis and Size

Connected logistics has changed the way logistical operations are carried out so that they are more focused on the needs of the customer by sharing data, information, and facts with supply chain partners.  In order to increase the productivity of logistics operations, linked logistics makes use of a network of interconnected communication systems, cloud platforms, and Internet of Things (IoT) technologies.

Data Bridge Market Research analyses that the connected logistics market, which was USD 23.74 billion in 2022, is expected to reach USD 527.00 billion by 2030, at a CAGR of 47.35% during the forecast period 2023 to 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Connected Logistics Market Scope and Segmentation  

Market Definition

By enabling hub operators to keep an eye on inbound and outbound traffic, connected logistics makes it easier to establish and improve connections amongst all partners involved in the logistics network. More transparency and increased productivity are the results of this. Connected logistics may also be described as a collection of networked devices that logistics service providers utilise to get a better understanding of order processing, financial transactions, shipping, and other logistical activities including warehousing, transportation, and other value-added logistics services.

Connected Logistics Market Dynamics

Drivers

• Growing focus on reducing transportation costs will drive the market growth

The need for connected logistics goods and solutions is being driven by the need to lower the cost of shipping and storage services. Intelligent transport systems are expected to become even more necessary. The target market is expected to benefit financially from improved adoption of logistics 4.0 and continued efforts to enhance autonomous logistics vehicles during the projected period. One of the key reasons influencing the growth of the target market is the decreasing cost of loT sensors and linked logistics hardware.

• Growing demand for autonomous trucks by end user verticals

The demand for autonomous trucks and vehicles is rising, which has several benefits for various industries that struggle with the requirement for faster delivery times. As a result, there is a rising need for these vehicles in industries like manufacturing, food and beverage, health care and medicines, and transportation of commodities. Growing mobility demand has created difficulties such fluctuating oil costs, significant investments, and pollution control. High-tech vehicles employed in logistics and supply chains help to boost environmental sustainability while also enhancing transit efficiency and safety. This desire for a rising number of high-tech vehicles is also being driven by the growing availability of linked drones.

Opportunities

• Rising adoption of advanced technologies to streamline supply chain

The transition from conventional transportation techniques to networked logistics systems that support the Internet of Things (IoT) is being driven by rising fuel prices and related environmental challenges like carbon footprint and pollution. To remotely oversee, watch over, and manage supply chain operations, they make use of cloud sensor technology and IoT connectivity. The efficiency of the supply chain platform in the logistics and transportation sector has increased as a result of the use of the Internet of Things. To assist in making decisions quickly and effectively, it offers total visibility and speedier network problem identification.

Restraints/Challenges

• High costs of logistics to restrain the growth

Countries must lower their logistics costs by standardising their logistics to meet international norms in order to retain a high level of global competition. For instance, China and Korea still have a low level of logistical standardisation when compared to the United States and the European Union. This is a result of both the Chinese and Korean governments' lack of promotion and enforcement, as well as the absence of regional organisations capable of actively starting and coordinating global logistics standardisation activities.

• Dearth of standard policies associated with logistics

Lack of standardisation in the logistics fill further aggravate the situation as described in the point above. Given the pronounced disparities in corporate practises, infrastructure, culture, and governmental legislation, standardising logistics can present numerous obstacles. In addition to the increased expenses associated with the entire supply chain process caused by the absence of logistics standardisation, the linked logistics sector cannot expand.    

This connected logistics market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the connected logistics market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Developments

• In 2022, Oracle and RHI Magnesita agreed to a contract in February, as part of which RHI Magnesita chose Oracle's fusion cloud transportation management.
• In 2020, with extended partnerships with Project44, ClearMetal, and Shippeo in September, SAP SE widened its ecosystem of partner companies. The licenced members of SAP Logistics Business Network can obtain the projected arrival time, the precise location of the package, and status updates for road and ocean carrier transportation thanks to these collaborations.

Global Connected Logistics Market Scope

The connected logistics market is segmented on the basis of software, platform, service, transportation mode, and vertical. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Software

• Asset Management
• Remote Asset Tracking
• Predictive Asset Management and Monitoring
• Warehouse IoT
• Warehouse Management System
• Warehouse Control System
• Building Automation System
• Security
• Network Management
• Data Management
• Streaming Analytics

Platform

• Device Management
• Application Management
• Connectivity Management

Service

• Professional Service
• Consulting Service
• Integration and Deployment
• Support and Maintenance
• Managed Service

Transportation Mode

• Roadway
• Railway
• Airway
• Seaway

Vertical

• Retail
• Manufacturing
• Oil and Energy and Gas
• Pharmaceuticals and Healthcare
• Telecom and IT
• Automotive
• Aerospace and Defense
• Food and Beverage
• Chemical
• Others

Connected Logistics Market Regional Analysis/Insights

The connected logistics market is analysed and market size insights and trends are provided by country, software, platform, service, transportation mode, and vertical as referenced above.

The countries covered in the connected logistics market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

In addition to the growing use of linked logistics solutions that make use of cutting-edge technologies, North America currently controls the majority of the connected logistics market. Additionally, businesses are implementing connected logistics technologies to improve operational efficiency and supply chain management, which will further spur the expansion of the connected logistics market in the region over the course of the forecast period.

Given that Asia-Pacific has the largest consumer base in the world, which facilitates the flow of goods and has less regulatory requirements, the area is expected to experience considerable growth in the connected logistics market. Additionally, local players are putting new technologies into practise to provide better solutions, which is expected to further fuel the connected logistics market's growth in the foreseeable future.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Connected Logistics Market Share Analysis

The connected logistics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to connected logistics market.

Some of the major players operating in the connected logistics market are:

• Cisco Systems Inc., (U.S.)
• Microsoft (U.S.)
• IBM (U.S.)
• SAP SE (U.S.)
• Oracle (U.S.)
• AT&T Intellectual Property (U.S.)
• Intel Corporation (U.S.)
• Eurotech S.p.A. (Italy)
• Infosys Limited (India)
• HCL Technologies Limited (India)
• ORBCOMM. (U.S.)
• CLOUD LOGISTICS. (U.S.)
• Freightgate Inc. (U.S.)
• Amazon Web Services, Inc., (U.S.)
• Accenture (Ireland)
• Veridify Security Inc. (U.S.)
• BluJay Solutions Ltd. (U.S.)
• Dynatrace LLC. (U.S.)
• Freightos Limited (Cayman Islands)

SKU-13757