Connected Logistics Market Poised for Rapid Growth, Projected to Reach USD 72 Billion by 2030

Connected Logistics Market Poised for Rapid Growth, Projected to Reach USD 72 Billion by 2030

According to Next Move Strategy Consulting, the global Connected Logistics Market, is forecast to experience a robust growth trajectory, expanding at a CAGR of 15% by 2030. The market is expected to reach USD 72 billion, driven by the increasing demand for smart logistics solutions and the growing integration of technologies like IoT, AI, and big data analytics into supply chain management systems.

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Connected Logistics: Defining the Future of Supply Chain Operations Connected logistics, also referred to as smart logistics, is transforming the global logistics and supply chain sectors. By leveraging a combination of hardware and software systems, connected logistics enables real-time tracking, shipment monitoring, and enhanced decision-making through integrated platforms. These platforms use various technologies, including Electronic Data Interchange (EDI) and Transport Management Systems (TMS), to optimize logistics processes, improve operational efficiency, and ensure better customer experiences.

Connected logistics solutions offer interconnected services that improve visibility, reduce the risk of lost or damaged goods, and meet rising customer demands for faster, more reliable deliveries. As global trade and e-commerce continue to surge, companies are increasingly adopting these solutions to streamline supply chain operations and gain a competitive edge.

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Market Dynamics and Growth Drivers: Several key factors are driving the rapid growth of the connected logistics market:

  1. E-Commerce Surge: The expansion of global e-commerce has led to a heightened need for real-time tracking and visibility across supply chains. With consumer demand for fast, reliable deliveries at an all-time high, logistics companies are turning to connected logistics technologies to meet these expectations.
  2. Technological Advancements: The integration of technologies such as IoT, cloud computing, AI, machine learning, and blockchain is enhancing the capabilities of connected logistics solutions. These innovations allow companies to gather and analyze large volumes of data to make informed decisions that optimize logistics operations.
  3. Efficient Supply Chain Management: The growing number of high-tech vehicles, equipped with GPS systems and telematics, is further driving the need for connected logistics solutions. These technologies enable logistics providers to track shipments, improve route planning, and enhance overall supply chain management.

However, challenges remain, including the high initial capital expenditure and ongoing maintenance costs associated with hardware and software updates. Despite these obstacles, the benefits of connected logistics far outweigh the challenges, creating a substantial growth opportunity.

Market Segmentation: The connected logistics market is segmented across various dimensions to provide a comprehensive understanding of its structure:

  • By Component: Hardware, Software (including Asset Management, Warehouse IoT, Security Network Management, and Streaming Analytics), and Services
  • By Technology: Bluetooth, Cellular, Wi-Fi, Zigbee, NFC, and Satellite
  • By Devices: Gateways, RFID Tags, and Sensor Nodes
  • By Transportation Mode: Roadways, Railways, Airways, and Waterways
  • By Geography: North America, Europe, Asia-Pacific, and Rest of the World

Regional Insights:

  • North America dominates the connected logistics market, driven by the rapid growth of e-commerce and the increasing adoption of smart logistics solutions by major players like Amazon and Walmart. The U.S. e-commerce sector alone generated sales of USD 1,040 billion in 2022, fueling the demand for real-time tracking and optimization technologies.
  • Asia-Pacific is expected to see steady growth in the coming years, particularly in China, India, and Japan. The booming e-commerce industry in China and the widespread adoption of real-time tracking and automated systems in India and Japan are contributing to the growing demand for connected logistics solutions in the region.

Competitive Landscape: The connected logistics market is highly competitive, with several leading players driving innovation and development. Key market participants include:

  • SAP SE
  • Thingworx
  • AT&T Inc.
  • Cisco Systems Inc.
  • Zebra Technologies
  • IBM Corporation
  • Oracle Corporation
  • Intel Corporation
  • Infosys Limited
  • HCL Technologies Limited

In recent developments, C.H. Robinson and Waymo Via formed a strategic partnership to advance autonomous trucking, while SAP SE launched the SAP Logistics Business Network to streamline logistics transactions and enhance supply chain visibility.

Key Benefits:

  • Comprehensive Market Insights: The report offers a detailed analysis of current trends, drivers, and challenges, helping stakeholders identify lucrative investment opportunities.
  • Strategic Analysis: Competitive analysis and market share insights provide a clear view of leading players and their market positioning.
  • Geographic Coverage: The report covers key regions including North America, Europe, Asia-Pacific, and the Rest of the World to offer a global perspective on the market.

Conclusion: As the global logistics landscape continues to evolve, connected logistics is set to play a pivotal role in shaping the future of supply chain management. With significant growth expected through 2030, the market presents vast opportunities for businesses to enhance operational efficiency, improve delivery times, and reduce risks associated with logistics and transportation.

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Next Move Strategy Consulting is a premier market research and management consulting firm that has been committed to provide strategically analysed well documented latest research reports to its clients. The research industry is flooded with many firms to choose from, what makes Next Move different from the rest is its top-quality research and the obsession of turning data into knowledge by dissecting every bit of it and providing fact-based research recommendation that is supported by information collected from over 500 million websites, paid databases, industry journals and one on one consultations with industry experts across a diverse range of industry sectors. The high-quality customized research reports with actionable insights and excellent end-to-end customer service help our clients to take critical business decisions that enables them to move beyond time and have competitive edge in the industry.

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