Kenneth Research, in its repository of market research reports, has recently added a report on Connected Logistics Market that emphasizes the latest trends, key opportunities, drivers, and challenges associated with the growth of the market during the forecast period, i.e., 2022 – 2031. The Connected Logistics Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Connected Logistics Market products.
The Final Report will cover the impact analysis of COVID-19 on this industry:
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The Connected Logistics Market is majorly affected by the recently hit global pandemic, COVID-19, which has devastated several businesses worldwide. Although, the ICT industry has observed a significant rise in the utilization of cloud applications, yet several manufacturing organizations in the ICT industry are facing significant issues, especially in places where the ICT infrastructure is not that satisfactory.
According to Verified Market Research, The Global Connected Logistics Market was valued at USD 16,581 million in 2017 and is projected to reach USD 29,095 million by 2025, growing at a CAGR of 7.47% from 2018 to 2025.
What is Connected Logistics?
Connected Logistics can be defined as various interconnected devices that can be used by the Internet of Things solution providers in order to be able to boost the operating efficiency of many logistics tasks. These technologies include monitoring, warehouse management, transportation fleet management tracking as well as associated logistics operations such as dispatching, financial transactions, order processing, and shipping. Connected logistics is also beneficial as it establishes communication among all parties that are even without direct connectivity.
Global Connected Logistics Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
There are several factors that are advantageous to the Connected Logistics market such as the ability of connected logistics to be able to reduced emissions and environmental harm as well as the ability of the ability of connected logistics to be able to deliver real time information. Factors such as the security concerns as well as the network connectivity issues are restraining the overall Connected Logistics market growth.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Connected Logistics Market” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.
Global Connected Logistics Market Competitive Landscape
The “Global Connected Logistics Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Zebra Technologies SECURERF, SAP, THINGWORX, AT&T Inc. And Cisco Systems, Inc. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above mentioned players globally.
Global Connected Logistics Market , By Technology
Global Connected Logistics Market , By Devices
• Sensor Nodes
• RFID Tags
Global Connected Logistics Market Geographic Scope
• North America
o Rest of Europe
• Asia Pacific
o Rest of Asia Pacific
• Latin America
• Rest of the World
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