U.S. connected logistics market share was the leading regional segment in 2015. The APAC also consists of the world’s largest consumer market which facilitates the flow of goods and less regulatory burdens. Hence the local players are also adopting new technologies to provide better solutions. This marks the shift of logistics from conventional infrastructure to modern methods.
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Issues such as improvement in service availability, performance, and utilization through mobile devices can be addressed by asset management software to help freight and infrastructure managers. Hence, asset management software is expected to hold the maximum connected logistics market share. Solutions powered with the use of technologies like IoT and RFID help organizations address the most crucial challenge which is ensuring product delivery in a timely manner to the customer.
Real time vehicle tracking is made easier with the advent of advanced vehicle control system and tracking system. Real time fast response to false events can be provided using security software. The software detects the unauthorized objects possessed by individuals in the transport vehicles and monitors entry points. Some key users in the connected logistics market are solution providers, communication equipment providers, government agencies and authorities, system integrators, M2M, IoT, and general telecommunications companies, managed service and middleware companies, Internet identity management, privacy, and security companies.
Internet proliferation and growing affordability of IoT services like RFID, sensors have led to high growth prospects in the connected logistics market. Big data and analytics platform are equally contributing to the rising industry growth. This is also supported by the proliferation of new technological developments like wearable devices, embedded sensors. Another major factor is various technological solutions providing common platforms like M2M communication systems, platform integration that offers convenience for SCM. The main objective to use these services for organizations will be asset management, reduction in fuel costs, fleet route optimization, better inventory management, compliance management and getting deeper insights of product usage and customer behavior. The lack of awareness about benefits and hesitation of accepting new technological developments is hampering the growth. Also, the different regional regulatory compliances and ambiguity in clear definition of sea and air borders also hampers the growth of the connected logistics market size.
Major system segments include monitoring management systems, logistics management systems, warehouse management systems and security systems. Technology systems consist of cellular, Wi-Fi, Satellite, ZigBee and NFC. Key devices include gateways, sensor nodes and RFID tags. Service based contributing to connected logistics market size include 3PL services, professional services and system integration. Railways, airways, roadways, and seaways are classified under transportation modes.
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Some of the players are IBM, AT&T Inc., Eurotech S.P.A, ORBCOMM, Infosys, Cisco Systems, Intel Corporation, Zebra Technologies, SAP, SecureRE, GT Nexus. Major players in the market are expanding by acquiring new companies to maintain presence in the growing competitive environment. The connected logistics market share is also witnessing the collaborations of major players to provide better technological solutions.
Methodology used in Connected Logistics Market Report –
Our researchers and domain experts use a unique blend of primary and secondary research, with validation and iterations at every stage, in order to minimize deviation and present the most accurate analysis of the industry. The research process begins with extensive data mining, using authentic sources such as trade magazines, technical publications, independent studies along with paid avenues such as ICIS, Hoovers, etc. Primary objectives of data mining include:
- Definition and scope of research
- Market dynamics, growth drivers and industry pitfalls
- Regulatory and political guidelines for the industry
- Demographics and statistical data
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