Dublin, Dec. 18, 2020 (GLOBE NEWSWIRE) -- The "Connected Logistics Market by Technology, by Devices, by Industry Vertical - Global Opportunity Analysis and Industry Forecast, 2020-2030" report has been added to ResearchAndMarkets.com's offering.
The Global Connected Logistics Market was valued at USD 21.42 billion in 2019 and is expected to garner USD 41.51 billion by 2030, at a CAGR of 6.2% during the forecast period, between 2020 and 2030.
The expansion of the global connected logistics market is attributed to rapid technological advancements, increase in internet penetration, high demand for mobility, rise in cloud-based services in different industries. Moreover, increase in the use of Internet of things (IoT) and rise in the demand for real-time information is expected fuel the market growth.
However, security issues and rise in the number of cyberattacks are expected to hamper the market. On the other hand, increase in e-commerce, globalization, and infrastructure development are creating opportunities for the global connected logistic market.
The global connected logistics market has been divided based on technology, devices, and geography. In terms of technology, the market is segregated into Bluetooth, cellular, Wi-Fi, ZigBee, NFC, Satellite. On the basis of devices, the market is segmented into gateways, RFID tags, and sensor nodes. Based on geography, the connected logistics market is fragmented into North America, Europe, Asia-Pacific, and Rest of World (RoW).
North America is expected to represent the increased adoption of connected logistics and holds the major market share over the forecast period. The growth factors include presence of advanced technology, developed infrastructure, increase demand for real time information with rise in e-commerce industry on a large scale.
The market in Asia Pacific is expected to grow owing to the presence of developing economies, increase in internet penetration, rise in awareness about Internet of Things (IoT), and developing infrastructures.
Key players in the global Connected Logistics Market include SAP, ThingWorx, SecureRF, Oracle, Zebra, Technologies, GT Nexus, IBM, Cisco System, Inc., Eurotech S.P.A., and AT&T Inc.
Key Topics Covered:
2. Market Snapshot, 2019-2030 Million Usd
3. Porter's Five Force Model Analysis
4. Market Dynamics
5. Global Connected Logistics Market, by Technology
6. Global Connected Logistics Market, by Devices
7. Global Connected Logistics Market, by Region
8. Company Profiles
Cisco Systems, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/mwc1um
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