Smart Logistics Market - Global Industry Trend Analysis 2013 to 2017 and Forecast 2018 - 2028

Increasing technological advancements and demand for advanced services and systems have resulted into the introduction of technologies such as IoT, smart solutions, Big Data analytics, etc. Integration of these technologies have assisted in enhancing the overall output of various processes. One such integration of these technologies with logistics, with an intention of enhancing the overall efficiency associated with the logistic processes has resulted into smart or connected logistics.

The smart logistics market has witnessed significant traction since its inception and, is furthermore, expected to witness a double digit growth during the forecast period, owing to the increasing demand for automated logistic systems globally.

Smart Logistics Market: Dynamics

The increasing adoption of smart devices, Big Data analytics, cloud computing and IoT has enabled a connected environment, which as a result has enhanced the tracking and management processes. These factors are, thus, expected to be the key drivers for the growth of the global smart logistics market. Besides, the increasing demand and adoption of RFID technology for enhancing the tracking processes is also expected to be a factor impelling the growth of the smart logistics market, in terms of value. Advantages associated with smart logistics such as enhanced supply chain management, elimination of complexities associated with processes such as communication, freight management, cost-effectiveness, warehousing and distribution, etc., are also expected to drive the demand for smart logistics globally. Additionally, the initiatives taken by the government for enabling a connected environment is also expected to drive the adoption of smart logistics.

However, lack of infrastructure and slow technological development in some of the underdeveloped countries for enabling a connected environment, challenges the implementation of smart logistics, and thus, acts as a restrain for the growth of the global smart logistics market.

Smart Logistics Market: Segmentation

The global smart logistics market can be segmented on the basis of components, industry vertical, and regions.

Segmentation of the Smart Logistics Market by Services:

Hardware Software Services Professional Services Managed Services

Segmentation of the Smart Logistics Market by Industry Verticals:

Oil and Gas Power and Energy Aviation and Marine Military and Defense Manufacturing Retail Automotive Chemicals

Smart Logistics Market: Key Players

Examples of some of the key players operating in the smart logistics market are AT&T Intellectual Property, IBM Corporation, Intel Corporation, SAP SE, Cisco Systems, Oracle Corporation, Freightgate Inc., Arkessa, Bosch Connected Devices and Solutions GmbH, Honeywell International Inc., and Orbcomm Inc., among others.

Many players (manufacturers and vendors offering Smart Logistics solutions) are focusing on expanding their presence in the market by collaborating with various tier-1 companies. For instance, in May 2018, AT&T partnered with Honeywell International Inc., for delivering Internet of Things (IoT) technology to aircraft and freight solutions in countries across the globe, especially in the U.S., Latin America, Canada, Asia Pacific and Europe.

Smart Logistics Market: Regional Overview

By geography, the smart logistics market can be segmented across North America, Latin America, Western Europe, Eastern Europe, China, Japan, SEA and others in Asia Pacific, and Middle East & Africa. Among these regions, North America is expected to dominate the global smart logistics market during the forecast period, owing to maximum adoption of advanced technologies such as IoT, Big Data etc., required for enabling a connected environment and smart logistics, in the region. Asia Pacific (including Japan and China) and Europe are expected to follow North America in the global smart logistics market. China is, however, expected to exhibit high growth rate during the forecast period owing to increasing economic growth, internet penetration, and demand for advanced smart and connected devices. Besides, Latin America and MEA are also expected to witness a considerable growth in the global smart logistics market during the forecast period.

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:

• Tailwinds and headwinds molding the market’s trajectory
• Market segments based on products, technology, and applications
• Prospects of each segment
• Overall current and possible future size of the market
• Growth pace of the market
• Competitive landscape and key players’ strategies

The main aim of the report is to:

• Enable key stakeholder’s in the market bet right on it
• Understand the opportunities and pitfalls awaiting them
• Assess the overall growth scope in the near term
• Strategize effectively with respect to production and distribution

MRR.BIZ is a leading provider of strategic market research. Our vast repository consists research reports, data books, company profiles, and regional market data sheets. We regularly update the data and analysis of a wide-ranging products and services around the world. As readers, you will have access to the latest information on almost 300 industries and their sub-segments. Both large Fortune 500 companies and SMEs have found those useful. This is because we customize our offerings keeping in mind the specific requirements of our clients.