Dublin, Nov. 23, 2020 (GLOBE NEWSWIRE) -- The "IoT in Logistics Market Research Report: By Application, Mode of Transport, Technology, Organization Type, Vertical - Global Industry Analysis and Growth Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
The global internet of things (IoT) in logistics market is projected to advance robustly at a 13.2% CAGR during the forecast period (2020-2030). The market attained a value of $34,504.8 million in 2019, which is predicted to rise to $100,984.5 million by 2030.
The growth of the domain is dependent upon the expansion of the e-commerce industry across the globe and rising demand for increased efficiency in logistics operations. Considering mode of transport, the market is categorized into waterway, roadway, airway, and railway.
Out of these, the roadway category held the largest share of the IoT in logistics market in the past, and the category is also predicted to dominate the market during the forecast period. This is owing to the fact that about 80% of the total logistics activities in the U.S., which is a major revenue generator for the industry, are carried out through roadways. In addition to this, 88% of the total logistics activities in the European region are also carried out through roadways, thereby leading to the growth of the category.
In terms of application, the IoT in logistics market is divided into self-driving vehicles, location management, blockchain for supply chain management, location management, predictive analysis, inventory tracking and warehousing, and fleet management. Out of all these, the fleet management division contributed the largest revenue to the market during the historical period (2014-2019), owing to the fact that this application allows logistics enterprises to manage maintenance and fuel costs in a more efficient manner, improves driver safety, enables real-time visibility of the fleet, increases vehicle reliability and lifespan, and eliminates driver frauds.
Geographically, the IoT in logistics market was dominated by North America during the historical period, and the region is further projected to account for the largest revenue share of the market during the forecast period as well. The rapid digital transformation in the region has been positively affecting the growth of the domain in the region. The Asia-Pacific region is expected to advance at the fastest pace during the forecast period due to the swift urbanization and changing consumer behavior, majorly in India and China.
The swift expansion of the e-commerce industry is contributing significantly to the growth of the market. The e-commerce industry accounted for 16.5% of the total retail sales in 2019, and it is expected that the sales of the industry will reach approximately 17% of all retail sales by 2021 across the globe. This can be attributed to the changing behavior of customers, who are now widely demanding free and fast shipping, along with competitive prices. Therefore, in order to cope with this situation various companies are incorporating IoT solutions in their logistics activities.
The IoT in logistics market is further growing due to the fact that IoT solutions improve the efficiency of logistics operations. Efficient management of warehousing and inventory, quick delivery of goods, internal business processes automation, quality of goods, and safe storage determine the success of any logistics company. In order to accomplish these aspects, several companies are widely making use of advanced solutions, such as IoT, the logistics industry.
In conclusion, the demand for IoT in logistics is growing due to the rapid expansion of the global e-commerce industry and increasing need for enhancing efficiency in logistics companies.
Key Topics Covered:
Chapter 1 RESEARCH SCOPE
1.1 Research Objectives
1.2 Market Definition
1.3 Analysis Period
1.4 Market Size Breakdown by Segment
1.5 Market Data Reporting Unit
1.6 Key Stakeholders
CHAPTER 2 RESEARCH METHODOLOGY
2.1 Secondary Research
2.2 Primary Research
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Currency Conversion Rates
2.6 Assumptions for the Study
2.7 Notes and Caveats
CHAPTER 3 EXECUTIVE SUMMARY
3.1 Global Market Summary
CHAPTER 4 MARKET INDICATORS
4.1 Growth of E-Commerce Industry
CHAPTER 5 INDUSTRY OUTLOOK
5.1 Voice of Industry Experts/KOLs
5.2 Market Dynamics
5.2.4 Impact analysis of drivers/restraints
5.3 Value Chain Analysis
5.4 Porter's Five Forces Analysis
5.5 Impact of COVID-19 on IoT in Logistics Industry
CHAPTER 6 GLOBAL MARKET
6.2 Market Revenue, by Application (2014-2030)
6.2.1 Location management market revenue (2014-2030)
6.2.2 Inventory tracking and warehousing market revenue (2014-2030)
6.2.3 Fleet management market revenue (2014-2030)
6.2.4 Predictive analytics market revenue (2014-2030)
6.2.5 Blockchain for supply chain management market revenue (2014-2030)
6.2.6 Self-driving vehicles market revenue (2014-2030)
6.3 Market Revenue, by Mode of Transportation (2014-2030)
6.3.1 Roadway market revenue (2014-2030)
6.3.2 Railway market revenue (2014-2030)
6.3.3 Airway market revenue (2014-2030)
6.3.4 Waterway market revenue (2014-2030)
6.4 Market Revenue, by Technology (2014-2030)
6.4.1 Cellular network market revenue (2014-2030)
6.4.2 LAN market revenue (2014-2030)
6.4.3 LPWAN market revenue (2014-2030)
6.5 Market Revenue, by Organization Type (2014-2030)
6.5.1 SME market revenue (2014-2030)
6.5.2 Large enterprise market revenue (2014-2030)
6.6 Market Revenue, by Vertical (2014-2030)
6.6.1 Automotive market revenue (2014-2030)
6.6.2 Retail market revenue (2014-2030)
6.6.3 Food & beverage market revenue (2014-2030)
6.6.4 Real estate market revenue (2014-2030)
6.6.5 Healthcare market revenue (2014-2030)
6.6.6 Oil & gas market revenue (2014-2030)
6.6.7 Aerospace & defense market revenue (2014-2030)
6.7 Market Revenue, by Region (2014-2030)
CHAPTER 7 NORTH AMERICA MARKET
CHAPTER 8 EUROPE MARKET
CHAPTER 9 APAC MARKET
CHAPTER 10 LAMEA MARKET
CHAPTER 11 COMPETITIVE LANDSCAPE
11.1 List of Market Players and their Offerings
11.2 Competitive Benchmarking of Key Players
11.3 Recent Strategic Developments of Market Players
11.3.1 Product Launches
11.3.2 Facility Expansions
11.3.4 Other Developments
CHAPTER 12 COMPANY PROFILES
12.1 Business overview
12.2 Product/service offerings
12.3 Key financial summary
Cisco Systems Inc.
Robert Bosch GmbH
International Business Machines (IBM) Corp.
Honeywell International Inc.
For more information about this report visit https://www.researchandmarkets.com/r/67tz2q
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager email@example.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900