GLOBAL CONNECTED LOGISTICS MARKET FORECAST 2019-2027

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GLOBAL CONNECTED LOGISTICS MARKET FORECAST 2019-2027

The global connected logistics market is set to exhibit growth at a CAGR of 16.08 % over the projected period to reach a value of $49896 million by 2027. The forecasted period lies between 2019 and 2027, with 2018 taken into consideration as the base year. The increase in digitization and automation across all the functions in the logistics industry has led to the rising adoption of IoT, which enables real-time access to the connected devices data. This data, upon analyzing, is critical for intelligent and informed decision making to improve the efficiency of all the logistics operations. The technological advancements related to the development of application specific products, such as sensors, RFID devices, also contribute to the rising adoption of connected logistics.

GLOBAL CONNECTED LOGISTICS MARKET FORECAST 2019-2027

Global Connected Logistics Market by Devices (Gateways, Rfid Tags, Sensor Nodes) by Technology (Bluetooth, Cellular, Wi-fi, Zigbee, Nfc, Satellite) & by Geography

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The global connected logistics market is set to exhibit growth at a CAGR of 16.08 % over the projected period to reach a value of $49896 million by 2027. The forecasted period lies between 2019 and 2027, with 2018 taken into consideration as the base year.

The primary factors aiding the growth of the market are:

  • Growth in the ecommerce industry
  • Increased adoption of IoT and logistics 4.0

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The increase in digitization and automation across all the functions in the logistics industry has led to the rising adoption of IoT, which enables real-time access to the connected devices data. This data, upon analyzing, is critical for intelligent and informed decision making to improve the efficiency of all the logistics operations. The technological advancements related to the development of application specific products, such as sensors, RFID devices, also contribute to the rising adoption of connected logistics. The IoT in logistics enables smart inventory management, end-to-end visibility, warehouse and yard management, and fleet management. The uniform growth in the penetration of IoT and logistics 4.0 globally is one of the key driving factors of the connected logistics market.

In 2018, Sensors Nodes dominated the devices segment of the global connected logistics market by capturing the largest market share, around 48.22%, with projected revenue of $XX million in 2027.  The sensor nodes in connected logistics facilitate a smooth flow of processes by performing processing, gathering and communication, sensory information, and others. The wireless sensor networks are essential to track, monitor, and transmit the required data. The factors, such as awareness regarding the need for technologically advanced logistics management solutions, and the increasing demand for accurate sensory needs, propel the market growth. Further, the initiatives, such as Logistics 4.0, growth associated with Big Data and Analytics, cloud technologies, and machine learning, boost the market demand for sensor nodes during the forecast period.

The connected logistics market growth is restrained by the lack of common regulations across various countries and regions. The global connected logistics market is large and complex. The involvement of various countries in the supply chai, complying with various laws, pose a major challenge for the market. The increased e-commerce market has allowed powerful and uniform regulatory reforms to be implemented in order to improve data protection. In order to implement data privacy, new regulations and laws have been executed to protect the information, such as the EU General Data Protection Regulation, or Japan’s Personal Information Protection Act.

The report on the global market for connected logistics includes segmentation analysis on the basis of devices and technology.

Market by Devices:

  • Sensor Nodes
  • RFID Tags
  • Gateways

Market by Technology:

  • Bluetooth
  • ZigBee
  • Wi-Fi
  • Cellular
  • NFC
  • Satellite

On a geographical basis, the global connected logistics market has been analyzed based on four major regions, which includes:

In terms of geography, North America garnered the largest share in the connected logistics market, with a contribution of 41.83% in 2018.  North America is a dominant market for connected logistics, and has major players offering advanced solutions. Major players in the connected logistics market in North America, are investing heavily in IoT technology solutions in the region. The key factors that drive the North American market, include growth in demand effective deployment and faster delivery of the IoT based solution in the logistics industry. The Asia Pacific region is expected to be the fastest growing region  in the near future, with the highest CAGR of XX%. The industry participants have realized the importance of real time data access and data analytics. The Asian region, with countries, such as China, Japan, South Korea, and India, is an emerging market for IoT in solutions. The increase in the adoption of IoT solutions of transportation such as railways in Asia-Pacific encourages players to invest in R&D to meet the growth in the needs of customers.

The market encompasses a number of players, and the major players involved in the global connected logistics market are:

  • AT&T Inc.
  • Intel Corporation
  • International Business Corporation
  • Eurotech S.P.A
  • SAP
  • Others

Eurotech S.P.A worked with Infineon Technologies AG in July 2019 to give maximum security of IoT Edge alternatives. The Trusted Platform Module (TPM) of Infineon incorporated into the IoT Edge Gateways of Eurotech protects the identity of their device. Freightgate and Tive entered into a partnership in an integrated shipment tracking business in August 2019. Oracle and VMware, Inc. extended their partnership in September 2019 to assist clients in leveraging business software and cloud solutions to move into the cloud.

Key findings of the global market for connected logistics are as follows:

  • The declining component cost is helping in increasing the sale of connected devices.
  • Enhancing consumer satisfaction is the major focus area for retailers.
  • The advancements in big data and cloud technology are aiding in the growth of the market.
  1. RESEARCH SCOPE
    • STUDY GOALS
    • SCOPE OF THE MARKET STUDY
    • WHO WILL FIND THIS REPORT USEFUL?
    • STUDY AND FORECASTING YEARS
  2. RESEARCH METHODOLOGY
    • SOURCES OF DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • TOP-DOWN APPROACH
    • BOTTOM-UP APPROACH
    • DATA TRIANGULATION
  3. EXECUTIVE SUMMARY
    • MARKET SUMMARY
    • KEY FINDINGS
      • THE DECLINING COMPONENT COST HELPS IN THE INCREASED SALE OF CONNECTED DEVICES
      • ENHANCING CONSUMER SATISFACTION IS THE MAJOR FOCUS AREA FOR RETAILERS
      • ADVANCEMENTS IN BIG DATA AND CLOUD TECHNOLOGY IS AIDING MARKET GROWTH
  1. MARKET DYNAMICS
    • MARKET SCOPE & DEFINITION
    • MARKET DRIVERS
      • GROWTH IN ECOMMERCE INDUSTRY
      • INCREASED ADOPTION OF IOT AND LOGISTICS 4.0
    • MARKET RESTRAINTS
      • REGULATORY CHALLENGES
    • MARKET OPPORTUNITIES
      • GROWTH IN THE NUMBER OF CONNECTED DEVICES
      • AUTOMATED DELIVERY FROM DRONES
    • MARKET CHALLENGES
      • HIGH INVENTORY COSTS AND LOW WAREHOUSING SPACE
  1. MARKET BY DEVICES
    • GATEWAYS
    • RFID TAGS
    • SENSOR NODES
  2. MARKET BY TECHNOLOGY
    • BLUETOOTH
    • CELLULAR
    • WI-FI
    • ZIGBEE
    • NFC
    • SATELLITE
  3. KEY ANALYTICS
    • PORTER’S FIVE FORCE MODEL
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTE
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • THREAT OF COMPETITIVE RIVALRY
    • OPPORTUNITY MATRIX
    • VENDOR LANDSCAPE
  4. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • EUROPE
      • GERMANY
      • UNITED KINGDOM
      • FRANCE
      • SPAIN
      • ITALY
      • RUSSIA
      • REST OF EUROPE
    • ASIA PACIFIC
      • CHINA
      • INDIA
      • SOUTH KOREA
      • JAPAN
      • AUSTRALIA
      • REST OF ASIA PACIFIC
    • REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST & AFRICA
  1. COMPANY PROFILES
    • AMAZON WEB SERVICES INC.
    • AT&T INC.
    • CISCO SYSTEMS, INC.
    • DYNATRACE LLC
    • EUROTECH S.P.A.
    • FREIGHTGATE INC.
    • GOOGLE INC.
    • GT NEXUS (ACQUIRED BY INFOR)
    • INFOSYS LIMITED
    • INTERNATIONAL BUSINESS MACHINES CORPORATION
    • ORACLE
    • SAP
    • SECURERF
    • PTC (THING WORX PLATFORM)
    • ZEBRA TECHNOLOGIES

 

LIST OF TABLES

TABLE 1: GLOBAL CONNECTED LOGISTICS MARKET, BY GEOGRAPHY, 2019-2027 (IN $ MILLION)

TABLE 2: GLOBAL CONNECTED LOGISTICS MARKET, BY DEVICES, 2019-2027 (IN $ MILLION)

TABLE 3: GLOBAL GATEWAYS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 4: GLOBAL RFID TAGS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 5: GLOBAL SENSOR NODES MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 6: GLOBAL CONNECTED LOGISTICS MARKET, BY TECHNOLOGY, 2019-2027 (IN $ MILLION)

TABLE 7: GLOBAL BLUETOOTH MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 8: GLOBAL CELLULAR MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 9: GLOBAL WI-FI MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 10: GLOBAL ZIGBEE MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 11: GLOBAL NFC MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 12: GLOBAL SATELLITE MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 13: OPPORTUNITY MATRIX

TABLE 14: VENDOR LANDSCAPE

TABLE 15: GLOBAL CONNECTED LOGISTICS MARKET, BY GEOGRAPHY, 2019-2027 (IN $ MILLION)

TABLE 16: NORTH AMERICA CONNECTED LOGISTICS MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 17: EUROPE CONNECTED LOGISTICS MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 18: ASIA PACIFIC CONNECTED LOGISTICS MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 19: REST OF WORLD CONNECTED LOGISTICS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

LIST OF FIGURE

FIGURE 1: GLOBAL CONNECTED LOGISTICS MARKET, BY DEVICES, 2018 & 2027 (IN %)

FIGURE 2: GLOBAL CONNECTED LOGISTICS MARKET, BY GATEWAYS, 2019-2027 (IN $ MILLION)

FIGURE 3: GLOBAL CONNECTED LOGISTICS MARKET, BY RFID TAGS, 2019-2027 (IN $ MILLION)

FIGURE 4: GLOBAL CONNECTED LOGISTICS MARKET, BY SENSOR NODES, 2019-2027 (IN $ MILLION)

FIGURE 5: GLOBAL CONNECTED LOGISTICS MARKET, BY BLUETOOTH, 2019-2027 (IN $ MILLION)

FIGURE 6: GLOBAL CONNECTED LOGISTICS MARKET, BY CELLULAR, 2019-2027 (IN $ MILLION)

FIGURE 7: GLOBAL CONNECTED LOGISTICS MARKET, BY WI-FI, 2019-2027 (IN $ MILLION)

FIGURE 8: GLOBAL CONNECTED LOGISTICS MARKET, BY ZIGBEE, 2019-2027 (IN $ MILLION)

FIGURE 9: GLOBAL CONNECTED LOGISTICS MARKET, BY NFC, 2019-2027 (IN $ MILLION)

FIGURE 10: GLOBAL CONNECTED LOGISTICS MARKET, BY SATELLITE, 2019-2027 (IN $ MILLION)

FIGURE 11: PORTER’S FIVE FORCE ANALYSIS

FIGURE 12: GLOBAL CONNECTED LOGISTICS MARKET, REGIONAL OUTLOOK, 2018 & 2027 (IN %)

FIGURE 13: UNITED STATES CONNECTED LOGISTICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 14: CANADA CONNECTED LOGISTICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 15: GERMANY CONNECTED LOGISTICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 16: UNITED KINGDOM CONNECTED LOGISTICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 17: FRANCE CONNECTED LOGISTICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 18: SPAIN CONNECTED LOGISTICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 19: ITALY CONNECTED LOGISTICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 20: RUSSIA CONNECTED LOGISTICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 21: REST OF EUROPE CONNECTED LOGISTICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 22: CHINA CONNECTED LOGISTICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 23: INDIA CONNECTED LOGISTICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 24: SOUTH KOREA CONNECTED LOGISTICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 25: JAPAN CONNECTED LOGISTICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 26: AUSTRALIA CONNECTED LOGISTICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 27: REST OF ASIA PACIFIC CONNECTED LOGISTICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 28: LATIN AMERICA CONNECTED LOGISTICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 29: MIDDLE EAST & AFRICA CONNECTED LOGISTICS MARKET, 2019-2027 (IN $ MILLION)

  1. MARKET BY DEVICES
    • GATEWAYS
    • RFID TAGS
    • SENSOR NODES
  2. MARKET BY TECHNOLOGY
    • BLUETOOTH
    • CELLULAR
    • WI-FI
    • ZIGBEE
    • NFC
    • SATELLITE
  3. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • EUROPE
      • GERMANY
      • UNITED KINGDOM
      • FRANCE
      • SPAIN
      • ITALY
      • RUSSIA
      • REST OF EUROPE
    • ASIA PACIFIC
      • CHINA
      • INDIA
      • SOUTH KOREA
      • JAPAN
      • AUSTRALIA
      • REST OF ASIA PACIFIC
    • REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST & AFRICA

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