Meticulous Research® Unveils Comprehensive Report on Connected Logistics Market, Forecasting Significant Growth

 

Meticulous Research®, a premier global market research firm, has released its latest research report titled, “Connected Logistics Market by Offering, Transportation Mode (Roadways, Railways), Application (Inventory Tracking, Real-Time Fleet Management, and More), End User (Automotive, Healthcare & Pharmaceuticals, and Others), and Geography—Global Forecast to 2029.” This comprehensive study provides an in-depth analysis of the connected logistics sector, projecting a robust market expansion through 2029.

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According to the report, the connected logistics market is poised for substantial growth, with an anticipated compound annual growth rate (CAGR) of 11.5% from 2022 to 2029, reaching an estimated value of $57.75 billion by the end of the forecast period. The market’s growth trajectory is driven by an increasing demand for efficient warehouse management and the rising adoption of advanced technologies such as the Internet of Things (IoT) and cloud computing across various industries.

Key Growth Drivers and Challenges

The report highlights several factors fueling the market’s expansion, including the integration of blockchain technology in freight management and the burgeoning application of connected logistics in developing regions. However, the market faces challenges such as a lack of standardization and security concerns related to data management. Additionally, the rising emphasis on autonomous vehicles within the logistics sector is identified as a significant trend influencing the market landscape.

Market Segmentation Insights

The connected logistics market is segmented by offering, transportation mode, application, and end-use industries:

• Offering: The market is divided into solutions and services. In 2022, the solutions segment is projected to dominate, driven by the growing need for real-time tracking and monitoring of inventories and goods. Conversely, the services segment is expected to exhibit the highest CAGR due to the increasing demand for real-time operational visibility and diagnostics.
• Transportation Mode: The market is categorized into roadways, railways, airways, and maritime. The roadways segment is anticipated to capture the largest share, owing to enhanced road safety, reduced congestion, and infrastructure investments. It is also expected to experience the highest CAGR during the forecast period.
• Application: Segments include inventory tracking, optimized warehousing, real-time fleet management, predictive maintenance, cargo integrity monitoring, end-to-end delivery tracking, and others. Inventory tracking is forecasted to hold the largest share in 2022, while end-to-end delivery tracking is projected to grow at the highest CAGR due to its integrated supply chain management capabilities.
• End-Use Industries: The market covers automotive, healthcare & pharmaceuticals, oil & gas, food & beverage, aerospace & defense, manufacturing, IT & telecommunications, retail & e-commerce, and other industries. The retail & e-commerce segment is expected to lead in market share, driven by infrastructure advancements and the growth of online shopping. Meanwhile, the automotive sector is anticipated to grow at the highest CAGR, spurred by the need for optimized logistics and risk management solutions.

Regional Outlook

Geographically, the report segments the market into North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa. North America is projected to lead in market share in 2022, supported by public safety initiatives, traffic management improvements, and smart city developments. The Asia-Pacific region, however, is expected to witness the most rapid growth, fueled by investments in megacity projects and modernization of transportation networks.

Key Players

The report also profiles leading players in the connected logistics market, including International Business Machines Corporation (U.S.), SAP (Germany), Intel Corporation (U.S.), Cisco Systems, Inc. (U.S.), Freightgate Inc. (U.S.), ORBCOMM (U.S.), AT&T Intellectual Property (U.S.), Honeywell International Inc. (U.S.), Bosch Service Solutions GmbH (Germany), HCL Technologies Limited (Noida), Infosys Limited (Bengaluru), Eurotech S.p.A. (Italy), Microsoft (U.S.), Siemens (Germany), Oracle (U.S.), Zebra Technologies Corp. (U.S.), Cloud Logistics (U.S.), NEC Corporation (Japan), Accenture (Ireland), and Sigfox (France).

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Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

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