Connected Logistic Market, by Technology (Bluetooth, Wi-Fi, Cellular, NFC, and Satellite), by Device (Gateways, Sensor Nodes, and RFID), by Transportation (Roadways, Railways, Airways, and Waterways), by Industrial Vertical (Retail, Manufacturing, Oil and Gas, Automotive, and Food and Beverages), by Service (Professional Service, Consulting Service, Integration and Deployment, Support and Maintenance, and Managed Service), and by Region (North America, Europe. Asia Pacific, Latin America, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2018 – 2026

  • To Be Published : Jul 2019 |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Connected logistics system is a support service that provides material handling and transport for the superior, more significant, and value creating manufacturing process using advanced technologies. Connected logistic provides various benefits to logistic businesses by providing improved operational efficiency, real-time access, and improved productivity through integration of multiple connected platforms such as IoT, cloud computing, and smart devices. There are various communication technologies that are used to improve logistical support systems such as Bluetooth and Wi-Fi. Connected logistics is acceptable and an important business strategy, as it is more sophisticated, more automatic, more adaptive, and an intelligent system.

Factors Driving Growth of the Global Connected Logistics Market

Major factors driving growth of the global connected logistics market include increasing adoption of IoT across various industries, decreasing cost of communication devices, and increasing demand for logistic operational efficiency. For instance, according to a report by Pew Research Centre, 49% of the world’s population is connected online and an estimated 8.4 billion IoT are in use worldwide as of 2018. Increasing adoption of smart devices globally, including smartphones and growing adoption of cloud computing is also impacting the growth of the global connected logistics market. For instance, according to the report by Associated Press Organization, the world’s mobile phone user base was around 4.43 billion, which implies that around 61% of the world’s population used a mobile handset in 2015 and this number is projected to increase over the forecast period. Increasing adoption of advanced technology in connected logistics industry helps provide smarter and better communication devices. Additionally, easy availability and low cost of these devices is responsible for the low costs of connected logistics. Integration of on-time and real-time tracking technology in connected logistics is increasing, further boosting market growth. Moreover, connected logistics provides transparency control and service integrity, which in turn is increasing its demand, thus fueling growth of the connected logistics market.

A safe and sufficient supply chain is necessary for the smooth functioning of any sector. The growth of this market is majorly driven by the rising adoption of connected logistics in the healthcare sector. For instance, according to report by Cloud Standard Customer Council, 11-17% growth in demand for connected logistics in the healthcare sector was recorded between 2014 and 2025 in the U.S. Additionally, it is imperative for hospital employees to provide best possible treatment to patients, which in turn, is aided by connected logistics. This logistics helps to redefine the patient-caregiver relationship and simplify the treatment from diagnosis to cure by using the Internet of Things. Moreover just-in-time logistics is the emerging trend of connected logistics, which provides fast treatment for patients as well as allows healthcare personnel to fully focus on the task at hand with convenience.

Connected logistic also helps in operational productivity and ensures faster and safer delivery. At present, cloud technology is used widely amongst all the businesses, which provides logistical businesses affordable solutions. This has increased the adoption of the cloud-based solutions in the connected logistics market. According to report by ITA (International Trade administration), businesses will spend around US$ 191 billion on cloud services by 2020, as compared to US$ 72 billion in 2014. The increased adoption of intelligent transportation solutions is expected to drive the connected logistics market growth. Connected logistics is especially required for the transportation of goods, which are delicate and would require special monitoring during transportation. Connected logistics manage the products even under changing climatic conditions. It is majorly used in effective management of temperature-sensitive products. Additionally, growing adoption of Internet of Things (IoT) enables connected logistics services to create high volumes of data and a variety of information, which can be stored and analyzed with the highest level of accuracy. IoT technologies helps in detection and control of faults.

Regional Analysis of Connected Logistic Market

On the basis of geography, the global dehumidifier market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America is expected to hold the largest market share owing to high investments in the research and development of connected Logistic in the region. Countries in North America such as U.S., Canada, and Mexico shows significant growth opportunities, due to their strong financial position. Europe is expected to be the second-largest contributor in the connected logistics market, as the healthcare sector in Europe is extensively adopting connected logistics. Asia Pacific is expected to show maximum growth in the connected logistic market during the forecast period, owing to increasing consumer awareness regarding advanced technology and their benefits.

Key players in the Global Connected Logistic Market

Some key users in the connected logistics market are communication equipment providers, government agencies & authorities, IoT and general telecommunications companies, and privacy and security companies. Major players operating in the global connected logistics market include AT&T Inc., IBM Corporation, Intel Corporation, SAP SE, Infosys Limited, Cisco Systems Inc., HCL Technologies Limited, Eurotech S.P.A., Microsoft, oracle, Cloud Logistics, Zebra technologies, ORBCOMM, and GT Nexus.

Segmentation of Connected Logistic Market

The global connected logistic market size is segmented on the basis of technology, device, transportation, industrial vertical, service, and region

  • On the basis of Technology
    • Bluetooth
    • Wi-Fi
    • Cellular
    • NFC (Near-Field Communication)
    • Satellite
  • On the basis of Device
    • Gateways
    • Sensor Nodes
    • RFID(Radio Frequency Identification)
  • On the basis of Transportation
    • Roadways
    • Railways
    • Airways
    • Waterways
  • On the basis of Industrial Vertical
    • Retail
    • Manufacturing
    • Oil and Gas
    • Automotive
    • Food and beverage
  • On the basis of Service
    • Professional Service
    • Consulting Service
    • Integration and Deployment
    • Support and Maintenance
    • Managed Service
  • On the basis of Regions
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East
    • Africa

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
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Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
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  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.
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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
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Data Processing

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Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

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  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
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  • Distributors
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