Connected Logistics Market Share

Regionally, the global connected logistics market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the Asia Pacific industry is set to account for largest revenue share of 35% by 2037, attributed to growing e-commerce industry in the region, backed by the surge in e-commerce transactions. Besides this, presence of nations, such as China, which is known to have a strong base for semiconductor chips, along with the increasing adoption of the internet in the region, are also anticipated to drive the market growth in the coming years. According to the statistics by the International Telecommunication Union (ITU), the number of individuals who are covered by at least a 3G internet connectivity in the Asia Pacific grew from 79.6 per 100 inhabitants in the year 2015 to 97.6 per 100 inhabitants in the year 2021. The market in the region is further segmented by country into China, India, Japan, South Korea, Australia, Singapore, Thailand, Philippines, Malaysia, Indonesia, Vietnam, Myanmar, and others. The market in China is anticipated to garner the largest revenue of USD 14814.18 Million by the end of 2030, up from a revenue of USD 2365.31 Million in the year 2020.