Connected Logistics Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Connected Logistics Market is segmented by Software (Asset Management, Warehouse IoT, Security, Data Management, Network Management, Streaming Analytics), Service (Professional Services, Managed Service), Transportation Mode (Roadways, Railways, Airways, Seaways), End-user Industries, and Geography.

Market Snapshot

Connected Logistics Market Si
Study Period: 2019- 2026
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 17.5 %
Connected Logistics Industry Companies

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Market Overview

The Global Connected Logistics Market is expected to register a CAGR of 17.5% during the forecast period (2021 - 2026). Connected Logistics help businesses become more customer-centric and efficient by increasing transparency in the business process.

  • Increasing adoption of IoT and sensor-based technologies like RFID in various domains, including the Supply Chain Management (SCM) system, will drive the connected logistics market in the forecast period.
  • Advancement in future technologies like Big Data and Advanced analytics will act as a catalyst for the adoption of Logistics 4.0. The data collected from smart and connected supply chains and logistics can be converted into actionable insights using AI systems, which will help businesses forecast demand accurately and thus improving capacity planning.
  • Also, the growing demand for cloud-based solutions, RFID, and internet ubiquity across the globe are some more factors driving the market. The introduction of new applications and cloud-based solutions for the transportation and management of products, including tracking of goods and movement of planes, trucks, and ships which carry them. Further, the macroeconomic factors driving the market are the changing lifestyle of consumers, emerging economies, and the rapid rate of smart cities in developing countries such as China, Brazil, and India.
  • In the United States, due to the COVID-19 outbreak, the government has shut down all the logistic operations in the country, which is heavily impacting the industry. The leaders of the Connected Logistics market have stated that, due to this outbreak, the American government has shown more flexibility towards telework and online assistance. These factors are expected to drive the market in the forecast period further.

Scope of the Report

Connected Logistics technology is a system of interconnected devices rendered by IoT solution providers to boost the operating efficiency in the logistics industry. Connected logistics technologies include efficiency in fleet management and tracking, monitoring, asset management, warehouse management. It also includes other associated logistics operations, including order processing, financial transactions, dispatching, and shipping. Connected logistics establishes communication among all parties involved, and it also reduces emissions and environmental harms and delivers real-time information into the progress of the transportation & logistics industry.

By Software
Asset Management
Warehouse IoT
Security
Data Management
Network Management
Streaming Analytics
By Product Type
Device Management
Application Management
Connectivity Management
By Transportation Mode
Roadways
Railways
Airways
Seaways
By End-user Industry
Automotive
Manufacturing
Oil and Gas
IT & Telecom
Healthcare
IT and Telecommunication
Retail
Food and Beverage
Other End-user Industries
By Geography
North America
United States
Canada
Europe
United Kingdom
Germany
France
Rest of Europe
Asia Pacific
China
Japan
India
Rest of Asia Pacific
Rest of the World

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Key Market Trends

Increasing use of IoT and future technologies in different industries will drive the adoption of Connected Logistics

  • According to CISCO, global internet traffic from non-PC devices was approximately 71% of total IP traffic in 2020. Also, Machine-To-Machine (M2M) connections will be half of the total connected devices and connections in the world by 2023. Moreover, there will be 14.7 billion M2M connections by 2023.​
  • Verizon recently conducted a survey concluding that more than one-third of fleet managers who do not use fleet tracking solutions (fleet tracking solutions are mobile asset tracking solutions primarily fitted to trucks and other vehicles) say they would expect an increase in productivity if they implemented the technology.
  • The survey also indicates that over 53% of companies that use asset tracking solutions reported actual productivity increases – with most of the respondents reported positive growth in productivity (53% respondents) and compliance (52% respondents).
  • Companies such as Walmart are using IoT, machine learning, and Big Data to transform their retail operations and improve their customer experience in more than one way. The company was one of the early adopters of RFID tags to track their inventories.​
Connected Logistics Market Growth

Asia Pacific Region to Exhibit Maximum Growth

  • The Asia Pacific region is expected to show robust growth in terms of revenue in the forecast period, significantly in developing economies like India and China. Improvements in technology, increasing sensors, and automation are certain factors expected to steer the market growth.
  • For instance, China is the world’s largest E-Commerce market, with over 50% of global E-Commerce transactions coming from China. According to Dezan Shira & Associates, the number of digital buyers in China surpassed 634 million in 2020. Further, China’s E-Commerce market is predicted to be larger than those of the U.S., U.K., Japan, Germany, and France combined. The growth of the E-commerce industry in recent years in China is attributed to the developments in the internet infrastructure and the establishment of global logistics networks.
  • Singapore began transforming logistics to reinforce its place in APAC’s logistics industry by integrating the technologies with the existing processes. The Singapore government has already started transforming logistics as part of its USD 4.5 billion Industry Transformation Programme. The primary objective of the program is to drive excellence in logistics operations and to be leaders in innovation while also building a strong core of local logistics talent and making Singapore attractive to inward investment. This scheme is named the Logistics Industry Transformation Map (ITM) and follows similar plans for Singapore’s food and beverage and precision engineering sectors.
Connected Logistics Market Analysis

Competitive Landscape

The competitive landscape of the global connected logistics market is moderately fragmented due to the presence of many existing and emerging players in the market. The technological developments in the logistics industry are expected to fuel the rise in investments and product innovations. The competitors are proactively addressing the challenges by crafting strategies that can have the best overall effect on the market’s progress. The opportunities for growth in the market have ample scope for development in the forecast period.

  • March 2021 - Oracle introduced new updates to its Oracle Fusion Cloud Supply Chain & Manufacturing (SCM) offering, which connects shippers’ supply networks with an integrated suite of cloud business applications.

Recent Developments

  • May 2020 - E2open Parent Holdings, Inc., a leading network-based provider of a 100% cloud-based, mission-critical, end-to-end supply chain management platform, announced to acquire BluJay Solutions, a leading cloud-based logistics execution platform for approximately USD 1.7 billion.
  • June 2021 - Holisol Logistics, which provides end-to-end (E2E) supply chain management solutions, has raised USD 3 million in debt financing from Northern Arc Capital. Holisol provides E2E solutions due to customer demands for supply chain logistics. The proceeds shall be used for the company’s growth and to increase demand.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Assessment of Impact of COVID-19 on the Industry

    3. 4.3 Market Drivers

      1. 4.3.1 Increasing Adoption on IoT in various Industries

      2. 4.3.2 Adoption of Sensor Based Technologies

    4. 4.4 Market Restraints

      1. 4.4.1 Lack of Uniform Government Regulations for Smart Technologies

      2. 4.4.2 Coronavirus Outbreak Influencing Electronic Industry

    5. 4.5 Industry Value Chain Analysis

    6. 4.6 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.6.1 Bargaining Power of Suppliers

      2. 4.6.2 Bargaining Power of Buyers

      3. 4.6.3 Threat of New Entrants

      4. 4.6.4 Threat of Substitute Products

      5. 4.6.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Software

      1. 5.1.1 Asset Management

      2. 5.1.2 Warehouse IoT

      3. 5.1.3 Security

      4. 5.1.4 Data Management

      5. 5.1.5 Network Management

      6. 5.1.6 Streaming Analytics

    2. 5.2 By Product Type

      1. 5.2.1 Device Management

      2. 5.2.2 Application Management

      3. 5.2.3 Connectivity Management

    3. 5.3 By Transportation Mode

      1. 5.3.1 Roadways

      2. 5.3.2 Railways

      3. 5.3.3 Airways

      4. 5.3.4 Seaways

    4. 5.4 By End-user Industry

      1. 5.4.1 Automotive

      2. 5.4.2 Manufacturing

      3. 5.4.3 Oil and Gas

      4. 5.4.4 IT & Telecom

      5. 5.4.5 Healthcare

      6. 5.4.6 IT and Telecommunication

      7. 5.4.7 Retail

      8. 5.4.8 Food and Beverage

      9. 5.4.9 Other End-user Industries

    5. 5.5 By Geography

      1. 5.5.1 North America

        1. 5.5.1.1 United States

        2. 5.5.1.2 Canada

      2. 5.5.2 Europe

        1. 5.5.2.1 United Kingdom

        2. 5.5.2.2 Germany

        3. 5.5.2.3 France

        4. 5.5.2.4 Rest of Europe

      3. 5.5.3 Asia Pacific

        1. 5.5.3.1 China

        2. 5.5.3.2 Japan

        3. 5.5.3.3 India

        4. 5.5.3.4 Rest of Asia Pacific

      4. 5.5.4 Rest of the World

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Bosch Service Solutions GmbH

      2. 6.1.2 Cisco Systems, Inc

      3. 6.1.3 AT&T Inc.

      4. 6.1.4 IBM Corporation

      5. 6.1.5 Intel Corporation

      6. 6.1.6 SAP SE

      7. 6.1.7 Oracle Corporation

      8. 6.1.8 Freightgate Inc.

      9. 6.1.9 Orbcomm Inc.

      10. 6.1.10 HCL Technologies Limited

      11. 6.1.11 Honeywell International Inc.

      12. 6.1.12 Microsoft Corporation

      13. 6.1.13 Siemens AG

    2. *List Not Exhaustive
  7. 7. INVESTMENT ANALYSIS

  8. 8. FUTURE OF THE MARKET

**Subject to Availability

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Frequently Asked Questions

The Connected Logistics Market market is studied from 2019 - 2026.

The Connected Logistics Market is growing at a CAGR of 17.5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

IBM Corporation, Intel Corporation, Robert Bosch GmbH, Cisco Systems, Inc., AT&T Inc. are the major companies operating in Connected Logistics Market.

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