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Connected Logistics Market Trends

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Report ID: 4026
Published Date: Sep 19, 2024
Report Format: PDF, PPT

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Connected Logistics Market Trends

Growth Drivers

Rising Adoption of IoT
Increasing Shift of Businesses Towards Logistics 4.0
Surge in Adoption of Sensor-Based Technologies

Challenges

Lack of Proper Infrastructure in Several Developing Economies
Concern for Data Security
Lack of Uniform Government Regulations

Connected Logistics Market: Key Insights

Base Year	2023
Forecast Year	2024–2036
CAGR	14.3%
Base Year Market Size (2023)	USD 32.84 billion
Forecast Year Market Size (2036)	USD 186.64 billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:

Connected Logistics Market Size & Share, Growth Report 2036

Author Credits: Abhishek Verma

Report ID: 4026
Published Date: Sep 19, 2024
Report Format: PDF, PPT

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.

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