CONNECTED LOGISTIC MARKET ANALYSIS

Connected Logistic MarketSize and Trends

Connected logistics system is a support service that provides material handling and transport for the superior, more significant, and value creating manufacturing process using advanced technologies. Connected logistic provides various benefits to logistic businesses by providing improved operational efficiency, real-time access, and improved productivity through integration of multiple connected platforms such as IoT, cloud computing, and smart devices. There are various communication technologies that are used to improve logistical support systems such as Bluetooth and Wi-Fi. Connected logistics is acceptable and an important business strategy, as it is more sophisticated, more automatic, more adaptive, and an intelligent system.

Factors Driving Growth of the Global Connected Logistics Market

Major factors driving growth of the global connected logistics market include increasing adoption of IoT across various industries, decreasing cost of communication devices, and increasing demand for logistic operational efficiency. For instance, according to a report by Pew Research Centre, 49% of the world’s population is connected online and an estimated 8.4 billion IoT are in use worldwide as of 2018. Increasing adoption of smart devices globally, including smartphones and growing adoption of cloud computing is also impacting the growth of the global connected logistics market. For instance, according to the report by Associated Press Organization, the world’s mobile phone user base was around 4.43 billion, which implies that around 61% of the world’s population used a mobile handset in 2015 and this number is projected to increase over the forecast period.

Increasing adoption of advanced technology in connected logistics industry helps provide smarter and better communication devices. Additionally, easy availability and low cost of these devices is responsible for the low costs of connected logistics. Integration of on-time and real-time tracking technology in connected logistics is increasing, further boosting market growth. Moreover, connected logistics provides transparency control and service integrity, which in turn is increasing its demand, thus fueling growth of the connected logistics market.

Regional Analysis of Connected Logistic Market

On the basis of geography, the global dehumidifier market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa.