Internet of Things (IoT) in Logistics Market is Estimated to Register a Strong CAGR of 12.4% from 2018 to 2026
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According to a new market report on the Internet of Things (IoT) in logistics market
published by Transparency Market Research, the global Internet of
Things (IoT) in logistics market is projected to reach US$ 63,728.6 Mn
by 2026 driven by exponential rise in IoT applications in logistics. The
market is projected to expand at a CAGR of 12.4% during the forecast
period from 2018 to 2026. Growth of the market is attributed to rise in
demand for IoT in logistics and increase in adoption of cloud-based
deployment models to offer quality service to customers. North America
is anticipated to lead the global Internet of Things (IoT) in logistics
market, followed by Asia Pacific, Europe, Middle East & Africa, and
South America, during the forecast period. The IoT in logistics market
is in a nascent stage and is anticipated to expand rapidly in the next
few years.
Digitalization of Business Processes to Drive Market
Obsolete
systems and labor-intensive processes create more challenges and
complexities, slowing the operations and hindering the ability of
industries to increase revenue. These manual tasks can result in
significant inefficiencies and productivity losses for businesses. The
transport management system which includes vehicle management, driver
management, and operations management is globally expected to rise at a
CAGR of 10.1% over the forecast period. This shows that the logistics
industry is trying to form a complete digital, flexible, and connected
supply chain optimized for e-commerce and last-mile, last-minute
delivery. With the deployment of advanced technology, digitalization has
witnessed increased adoption across the transportation and logistics
industry. Germany-based logistics company Kuehne + Nagel deployed a
logistics control tower to make the most of cost competences, while
abiding to time constraints and observing standards in security and
documentation. The tower uses transportation management software and
order management software to exchange data amongst carriers, service
providers, and senders & receivers of goods.
Request Sample pages of premium Research Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=46158 Global Internet of Things (IoT) in Logistics Market: Scope of the Report
Based
on solutions, the global IoT in logistics market has been segmented in
terms of software, hardware, organization size, application, and region.
The hardware segment dominated the global market in 2017. Hardware
enables users to optimize their applications on branded, reliable, and
customized hardware. In terms of organization size, large sized
organizations held a prominent market share in 2017 and are expected to
continue to dominate the market during the forecast period.
North
America led the global IoT in logistics market, accounting for
considerable share in 2017.The U.S. is the major market for logistics
solutions in the region. IoT based logistics solutions are also becoming
popular in Canada and Rest of North America. The IoT in logistics
market in Europe, Asia Pacific, Middle East & Africa, and South
America is expected to expand at a rapid pace during the forecast
period. Global Internet of Things (IoT) in Logistics Market: Competitive Dynamics
The
research study includes profiles of leading companies operating in the
global IoT in logistics market. Key players profiled in the report
include Cisco Systems Inc., Octonion SA, Kaa IoT Technologies, LLC., NEC
Corporation, Honeywell International, Novire Technologies, SAP SE,
Intel Corporation, Oracle Corporation, Bosch Software Innovations GmbH,
Rockwell Automation, Inc., BICS SA/NV, Amazon Web Services,
International Business Machine (IBM) Corporation, and PTC Inc. View exclusive Global strategic Business report: https://www.transparencymarketresearch.com/internet-of-things-in-logistics-market.html
The global Internet of Things (IoT) in logistics market has been segmented as below: Global Internet of Things (IoT) in Logistics Market, by Hardware
RFID Tags
Beacon
Screen/Display
Others (Camera, Networking Hardware)
Global Internet of Things (IoT) in Logistics Market, by Software
Traffic and Fleet Management
Resource and Energy Monitoring
Safety and Security
Others (Operations Management, Data Analysis)
Global Internet of Things (IoT) in Logistics Market, by Organization Size
Small-Mid-sized Organization
Large sized Organization
Global Internet of Things (IoT) in Logistics Market, by Application
Fleet
Warehouse
Freight
Yard/ Dock
Global Internet of Things (IoT) in Logistics Market, by Enterprise Solutions
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high growth niche products are aligned with your aims. The detailed and
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The global e-commerce logistics market was largely dominated by two leading players DHL International GmbH and FedEx Corporation who held 50% share in the global market in 2015. XPO Logistics and United Parcel Service Inc. are the other two companies functioning in the global market but contribution is far less than the first two mammoth companies are. Some of the other players operating the global e-commerce logistics market are Clipper Logistics Plc., Gati Limited, Kenco Group, Inc., and Aramex International. Several leading players in the market tapping the regional market in emerging economies such as in India and China. The promising growth potential offered in the e-commerce logistics market is likely to draw interest of new players that could help them grow extensively. Route optimization and innovative parcel tracking are strategies used by new players to attain a competitive edge in the market. According to TMR, the global e-commerce logistics market is antici...
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