Global Connected Logistics Market to Hit USD 41.3 Bn Mark, According to M&M Research Report Recently Published at MarketPublishers.com15 Mar 2017 • by Natalie Aster
LONDON – Encouraged by manifold driving forces, including surging acceptance of connected and/or smart devices by customers, the ongoing evolution of connected vehicles and enhancing logistics transparency from pole to pole, the world’s market for connected logistics is anticipated to gain traction at a very high pace in the years ahead.
As of APAC, this regional market is predicted to see the fastest growth driven majorly by the rising number of internet surfers, increasing infrastructure requirements and upturn in developing countries. Meanwhile, North America will capture the biggest share of the total market, spurred primarily by significantly increasing spending on the technology development.
Globally, the connected logistics market is set to increase from USD 10.04 billion as of 2016 and to hit the USD 41.3 billion by 2021, registering a great CAGR of almost 33% during 2016-2021. Still, the market growth could be restrained by a dearth of uniform standards in organizational bodies.
Application-wise, the retail sector is expected to witness growth at the highest CAGR through 2021 given the obvious improvements in the logistics management solutions.
AT&T, IBM Corporation, Intel Corporation, SAP SE, Cisco System are amid the most prominent participants in the marketplace globally.
Insightful M&M research publication “Connected Logistics Market by Software, Platform, Service, Transportation Mode, Vertical, and Region - Global Forecast to 2021” provides a detailed market segmentation analysis on the basis of software, platform, service, transportation mode, vertical and region. This in-demand research publication describes the market performance on a world scale as well as on regional and country scales. Moreover, the report provides a review of the market dynamics (growth limiters and drivers), covers the current and emerging trends in the market, highlights the burning issues and topics, evaluates top market challenges and looks at the possible opportunities for the nearest future. The market competitive scenario and dominant market players are also covered in the report. An all-encompassing future outlook for the market through 2021 is also at hand in this topical study.
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