The global connected logistics market has been growing steadily, and it is expected to continue doing so in the future. Connected logistics refers to the integration of communication devices, couplings, and Internet of Things (IoT) technologies in the logistics industry. It enables the transformation of critical logistics processes into more personalized and efficient operations by sharing data, information, and facts with partners in the supply chain. The global connected logistics market experienced significant growth in 2020 and is expected to continue growing at a steady rate, with a focus on revenue compound annual growth rate (CAGR).

Within the connected logistics market, the Bluetooth sensor and button segments are identified as having maximum growth potential. These segments offer lucrative opportunities for industry players to develop innovative solutions and technologies. Bluetooth sensors and buttons can be employed to enhance visibility, track inventory, monitor shipment conditions, and improve overall logistics efficiency.

The adoption of logistics connectivity is on the rise in both developed and developing regions. This is primarily driven by technological advancements in product delivery, the widespread adoption of Logistics 4.0 concepts, the growth of data and analytics applications, the increasing use of cloud technology, and the growing demand for connected devices. Additionally, the expanding application areas among end users, along with the growth of IoT-related technologies, increased mobile demand, internet penetration, and the proliferation of smart devices, are expected to provide numerous growth opportunities for the connected logistics market.

However, the deployment challenges associated with connected logistics may pose a constraint on market growth during the forecast period. Overcoming these challenges, such as ensuring seamless connectivity, data security, interoperability among various systems, and scalability, will be crucial for the sustained growth of the market.

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Rising fuel costs and growing concerns about environmental issues, such as carbon emissions and pollution, have been significant drivers for the adoption of interconnected logistics solutions that support the Internet of Things (IoT) in the transportation and logistics industry.

By leveraging cloud sensor technology and IoT connections, these solutions enable remote management, monitoring, and control of supply chain operations. This connectivity allows for real-time data collection, analysis, and decision-making, leading to increased efficiency and optimized logistics processes.

The adoption of IoT in the supply chain platform has improved visibility throughout the entire supply chain, from raw material procurement to final product delivery. This enhanced visibility helps in detecting network problems or bottlenecks promptly, enabling timely and efficient decision-making. By having a comprehensive view of the supply chain, organizations can identify areas for optimization, streamline operations, and reduce costs in the long term.

The demand for IoT solutions is expanding across various vertical industries, including manufacturing, transportation, and automotive. These industries recognize the benefits of IoT in improving operational efficiency, enhancing supply chain visibility, and reducing overall costs. By leveraging IoT technology, manufacturers can optimize production processes, transportation companies can track and monitor their assets in real-time, and automotive companies can implement predictive maintenance practices to ensure vehicle uptime and minimize disruptions.

 some leading companies operating in the global Connected Logistics Market:

AT&T Inc., Eurotech SPA , IBM Corporation, Intel Corporation, SAP SE, Infosys Limited, Cisco Systems Inc., HCL Technology Limited, ORBCOMM, Cloud Logistics and Freightgate Inc. among others

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The global market is further segmented into type and application:

Technology Outlook (Revenue, USD Billion; 2019 to 2030):

•  Wi-Fi
•  Bluetooth
•  Zigbee
•  NFC
•  Cellular
•  Satellite

Components Outlook (Revenue, USD Billion; 2019 to 2030):

• Equipment
• Solution
• Services

Transportation Outlook (Revenue, USD Billion; 2019 to 2030):

• Roadways 
• Railways
• Airway
• Maritime

Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.

• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Rest of APAC)
• Latin America (Brazil, Rest of LATAM)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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