Connected Logistics Market Analysis

The global connected logistics market is segmented by component into software, hardware, and services. Out of these, the software segment is anticipated to garner the largest revenue of USD 41914.64 Million by the end of 2030, up from a revenue of USD 7956.08 Million in the year 2020. By technology, the market is segmented into Bluetooth, Wi-Fi, Zigbee, cellular, and others. Out of these, the cellular segment is projected to garner the largest revenue of USD 50770.23 Million by the end of 2030, up from a revenue of USD 9547.63 Million in the year 2020. By transportation mode, the market is segmented into roadways, railways, airways, and seaways. Out of these, the roadways segment is anticipated to garner the largest revenue of USD 80197.93 Million by the end of 2030, up from a revenue of USD 15645.89 Million in the year 2020. By verticals, the market is segmented into retail, manufacturing, oil, energy & gas, pharmaceuticals & healthcare, telecom & IT, automotive, aerospace & defense, food & beverages, and chemical. Out of these, the food & beverages segment is projected to display the largest revenue of USD 36829.10 Million by the end of 2030, up from a revenue of USD 7252.40 Million in the year 2020.

Our in-depth analysis of the global market includes the following segments:

Component	Software Hardware Services
Technology	Bluetooth Wi-Fi ZigBee Cellular
Transportation Mode	Roadways Railways Airways Seaways
Verticals	Retail Manufacturing Oil Energy & Gas Pharmaceuticals & Healthcare Telecom & IT Automotive Aerospace & Defense Food & Beverages Chemical

Frequently Asked Questions (FAQ)

The rising adoption of IoT, increasing shift of businesses towards logistics 4.0, along with the surge in adoption of sensor-based technologies are some of the major factors anticipated to drive the market growth.

The market is anticipated to attain a CAGR of 19.77% over the forecast period, i.e., 2021 â€“ 2030.

The lack of proper infrastructure in several developing economies, concern for data security, and the lack of uniform government regulations are estimated to hamper the market growth.

The market in the Asia Pacific is anticipated to garner the largest revenue of USD 39390.40 Million by the end of 2030 and provide more business opportunities in the future.

The major players in the market are AT&T Inc., IBM Corporation, Intel Corporation, SAP SE, Infosys Limited, Cisco Systems Inc., HCL Technologies Limited, ORBCOMM Inc., and others.

Connected Logistics Market Analysis