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Global Connected Logistics Market Forecast to 2024 - A $47.43 Billion Opportunity - ResearchAndMarkets.com

January 15, 2019

DUBLIN--(BUSINESS WIRE)--Jan 15, 2019--The “Connected Logistics Market Forecast up to 2024” report has been added to ResearchAndMarkets.com’s offering.

This report predicts that the connected logistics market revenue is estimated to be $14,392.2 million in 2018 and is expected to reach $47,438 million by 2024, growing at a CAGR of 22% during the forecast period 2018-2024.

Market Dynamics

Drivers

Enhance & Streamline Logistics Processes Better Customer Experience & Delivery Improved & Automated Decision-Making

Restraints

Concerns over RoI Integration Capability Concerns

Opportunities

Improve Freight Marketplace Better Compliance Control

According to the report, North America accounted for the largest share of the connected logistics market in 2018 owing to strong economic conditions in the region and enhanced customer experience for the clients. The roadway logistics is a focus area for the logistics vendors followed by railways and waterways.

The Asia Pacific region holds a good potential for the vendors and is expected to grow at the highest CAGR during the forecast period 2018-2024. The Asia Pacific region is expected to witness growth in the connected logistics market due to presence of few emerging countries and organizations in the region are experiencing increase in customers and focus on organized logistics to reduce cost and time.

Segmentation of Components

Software Services

In 2018, the software segment occupied the largest market share and is expected to have the highest share during the forecast period. The consulting segment in services is expected to have the largest market size during the forecast period to impart knowhow of the benefits and integration capability of the connected logistics to enterprises.

Segmentation of Modes

Roadways Railways Waterways Airways

In 2018, the roadways occupied the largest market share and is expected to grow at a high CAGR during the forecast period. Roadways are the most common mode of transportation as the delivery of products relies on roadways at some stage and vendors are improving the warehouse management and route optimization for smooth roadway connections.

Competitive Analysis and Key Vendors

The connected logistics software vendors are extending its partner ecosystem with capabilities in integration, consulting, reseller, and geographical reach to enhance their software offerings. The connected logistics is expected to enhance the trade management of organizations and track each activity of the goods in transit.

The report contains an in-depth analysis of vendor profiles, which include overviews and offerings, and competitive landscape. The integration capability of the connected logistics software will leverage the capabilities in connecting freight, warehouse, quality, and compliance.

Key Vendors

SAP Infosys IBM Cisco HCL Technologies Ltd

Topics Covered

1 Executive Summary

2 Industry Outlook

3 Market Snapshot

4 Market Outlook

5 Market Characteristics

6 Component: Market Size & Analysis

7 Mode: Market Size & Analysis

8 Industry: Market Size & Analysis

9 Region: Market Size & Analysis

10 Vendor Profiles

11 Companies to Watch For

Companies Profiled

Cisco HCL Technologies IBM Infosys SAP Cloud Logistics Freightgate Orbcomm Blu Jay Solutions Freightos

For more information about this report visit https://www.researchandmarkets.com/research/sncrx7/global_connected?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20190115005570/en/

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Related Topics:Logistics

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT SOFTWARE TRANSPORT LOGISTICS/SUPPLY CHAIN MANAGEMENT

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 01/15/2019 10:26 AM/DISC: 01/15/2019 10:26 AM

http://www.businesswire.com/news/home/20190115005570/en

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