Connected Logistic Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2028

 

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

Connected Logistic Market refers to an interconnected set of communication devices, joints, and Internet of Things (IoT) technologies that alter key logistical processes to make them more customer-centric by sharing data, information, and facts with supply chain partners.

The study's base year is 2015, and the market size is forecast from 2016 to 2021. Connected logistics refers to an interconnected set of communication devices, joints, and Internet of Things (IoT) technologies that alter key logistical processes to make them more customer-centric by sharing data, information, and facts with supply chain partners. The Connected Logistic Market is still in its early stages and can be defined as interconnected devices used by logistics and IoT solution providers to gain greater visibility within warehouses, transportation, and associated logistics.

Connected Logistic Market is a collection of platforms, software, and hardware that assists in obtaining real-time information about goods shipped via various modes of transportation, such as roadways, railways, airways, and seaways. To make the transportation process run more smoothly, it shares relevant data and logistical information with all supply chain partners. By integrating multiple connected platforms, these solutions assist businesses in improving operational efficiency, real-time access, and productivity. It helps with cargo traffic management and routing, as well as supply chain security management. It also aids in risk resilience planning, tracking the location of each fleet vehicle, and performance optimization.

Key Players

Communication equipment providers, government agencies and authorities, IoT and general telecommunications companies, and privacy and security firms are some of the key users in the connected logistics market. 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 are major players in the global connected logistics market.