Meticulous Research®, a global leader in market research, is proud to announce the release of its comprehensive 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, Others), and Geography—Global Forecast to 2029.”

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The report projects the connected logistics market will experience significant growth, expanding at a compound annual growth rate (CAGR) of 11.5% from 2022 to 2029, reaching an estimated $57.75 billion by 2029. This robust growth is driven by the increasing demand for efficient warehouse management and the rising adoption of Internet of Things (IoT), cloud computing, and other advanced technologies across various industries. Despite this positive outlook, the market faces challenges such as a lack of standardization and security concerns in data management.

Key Findings:

Market Drivers and Opportunities: The market’s expansion is propelled by the rising need for real-time inventory tracking and monitoring, favorable government initiatives aimed at enhancing logistics efficiency, and the integration of eco-friendly technologies. Additionally, blockchain technology’s potential in freight management and the growing adoption of connected logistics in developing regions offer significant opportunities for market growth.
Market Trends and Challenges: A notable trend is the increased focus on autonomous vehicles within the logistics sector. However, data security issues and the lack of standardized practices present ongoing challenges.
Segment Insights:
By Offering: The solutions segment is expected to hold the largest market share due to the demand for remote tracking and real-time monitoring of inventories. The services segment is projected to grow at the highest CAGR, driven by the need for real-time operational visibility and proactive problem-solving.
By Transportation Mode: Roadways are anticipated to dominate the market share, fueled by needs for road safety, traffic congestion reduction, and infrastructure development. This segment is also expected to grow at the highest CAGR.
By Application: The inventory tracking segment is forecasted to hold the largest market share, benefiting from IoT-powered solutions that enhance visibility and accuracy. The end-to-end delivery tracking segment is predicted to grow at the highest CAGR, offering integrated solutions for supply chain management.
By End-Use Industry: The retail and e-commerce sector is expected to lead the market, driven by infrastructure improvements and increased online shopping. The automotive segment is projected to experience the highest growth rate, emphasizing the need for enhanced visibility and risk management in logistics.
Geographic Insights: North America is expected to lead the market share, supported by initiatives in public safety, traffic management, and smart city development. Conversely, the Asia-Pacific region is anticipated to witness rapid growth due to significant investments in megacity projects and modernization of local transportation networks.
Industry Leaders:

The report highlights key players in the connected logistics market, including International Business Machines Corporation (IBM), SAP, Intel Corporation, Cisco Systems, Inc., Freightgate Inc., ORBCOMM, AT&T Intellectual Property, Honeywell International Inc., Bosch Service Solutions GmbH, HCL Technologies Limited, Infosys Limited, Eurotech S.p.A., Microsoft, Siemens, Oracle, Zebra Technologies Corp., Cloud Logistics, NEC Corporation, Accenture, and Sigfox.

For a detailed analysis and comprehensive insights, please refer to the full report available on Meticulous Research®’s website.

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