Cart
0

Connected Logistics Market Expected to Reach $27,722 Million, Globally, by 2023

 
 

quote Increased application areas, growth associated with IoT, proliferation of smart devices, surge in demand for connected solutions, and increasing adoption of Logistics 4.0 drive the growth of the Connected Logistics market. In addition, recent innovations and rise in adoption from developing economies of Asia-Pacific is anticipated to further fuel the Connected Logistics market growth. quote

Pankaj Lanjudkar
Lead Analyst, ICT at AMR

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a new report by Allied Market Research, titled, Connected Logistics Market by Technology, and Devices: Global Opportunity Analysis and Industry Forecast, 2016-2023, the global Connected Logistics market was valued at $ 16,774 million in 2016, and is projected to reach at $ 27,722 million by 2023, growing at a CAGR of 7.60% from 2017 to 2023. Bluetooth and sensor nodes segments possess the maximum growth potential and are expected to create lucrative opportunities for industry players.

Access Full Summary at : https://www.alliedmarketresearch.com/connected-logistics-market

At present, Connected Logistics witness an increased adoption in the developed and the developing regions, owing to technological innovations in product offerings, increased adoption of Logistics 4.0, growth associated with Big Data and Analytics, cloud technologies, surge in demand for connected devices, and increase in application areas among end users. Furthermore, factors such as growth associated with IoT, increase in need for mobility, increased internet penetration, and proliferation of smart devices are expected to provide numerous growth opportunities. However, Connected Logistics implementation issue is expected to restrict the growth of the market during the forecast period.

The Bluetooth segment dominated the Connected Logistics market in 2016, with around 20% revenue share and NFC segment is anticipated to exhibit fastest growth rate. This is attributed to the improved IT infrastructure and increased connectivity-related expenditures.

The sensor nodes segment dominated the global Connected Logistics market, with around 49% share in 2016, followed by RFID tags segment. Furthermore, RFID tags segment is estimated to grow at the highest CAGR of 9.00%, owing to widespread adoption of advanced solutions and increased IoT spending.

North America was the highest revenue contributor in 2016, accounting for around 42% share. Asia-Pacific is projected to grow at the highest CAGR of 11.0% during the forecast period.

The report features the competitive scenario of the Connected Logistics market and provides comprehensive analysis of the significant growth strategies adopted by major players. The key players operating in the market include SAP, ThingWorx, SecureRF, Oracle, Zebra, Technologies, GT Nexus, IBM, Cisco System, Inc., Eurotech S.P.A., and others.

Key Findings of the Connected Logistics Market:

  • The Bluetooth segment dominated the global Connected Logistics market in 2016.
  • The RFID tags, sensor nodes, and Zigbee segments are estimated to provide significant growth opportunities to the key market players.
  • The North American market is expected to be dominant, in terms of market size. However, Asia-Pacific and LAMEA are estimated to possess the highest CAGR during the forecast period.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1⟨855⟩ 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Abhinav Rautela
Communications Officer
Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
mediacommunications@alliedanalytics.com

 
 

First time buyer?
Check offers and discount on this report
To get this report

 
Click Here
 
 

quote Connected Logistics Market by Technology (Bluetooth, Cellular, Wi-Fi, ZigBee, NFC, and Satellite) and Devices (Gateways, RFID Tags, and Sensor Nodes) - Global Opportunity Analysis and Industry Forecast, 2016-2023 quote

View Report
 
 

Why Allied Market Research

 

Infallible Methodology

To ensure high level data integrity, accurate analysis and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to eliminate redundant information to provide valued information and save time of the reader

 

Featured Readings

 
rep-img

Published Date Sep 2018

Silicon Fertilizer Market

Download Sample
rep-img

Published Date Sep 2018

Smart Pills Market

Download Sample
 

Get Fresh content delivered

Get insights on topics that matter to your business. Stay updated on the area that interest you.

 
Get Industry Data Alerts