IoT Powered Logistics

Global IoT Powered Logistics Market to Reach US$111.1 Billion by 2030

The global market for IoT Powered Logistics estimated at US$54.7 Billion in the year 2024, is expected to reach US$111.1 Billion by 2030, growing at a CAGR of 12.5% over the analysis period 2024-2030. Software Component, one of the segments analyzed in the report, is expected to record a 13.8% CAGR and reach US$83.3 Billion by the end of the analysis period. Growth in the Hardware Component segment is estimated at 9.3% CAGR over the analysis period.

The U.S. Market is Estimated at US$14.9 Billion While China is Forecast to Grow at 17.1% CAGR

The IoT Powered Logistics market in the U.S. is estimated at US$14.9 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$23.6 Billion by the year 2030 trailing a CAGR of 17.1% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 9.0% and 11.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 10.0% CAGR.

Global IoT-Powered Logistics Market – Key Trends & Drivers Summarized

Why Is IoT Revolutionizing Modern Logistics and Supply Chain Operations?
The integration of Internet of Things (IoT) technologies into logistics systems is transforming how goods are tracked, managed, and delivered across the entire supply chain. IoT-powered logistics leverages real-time data from sensors, RFID tags, GPS modules, and connected devices to optimize fleet operations, monitor cargo conditions, automate warehouse functions, and enhance end-to-end visibility. This continuous flow of data enables logistics companies to make proactive decisions, reduce inefficiencies, and deliver superior service to their clients.

As global supply chains grow more complex, fragmented, and time-sensitive, the demand for responsive, intelligent logistics systems has surged. IoT plays a pivotal role in connecting various nodes—trucks, containers, storage facilities, ports—into an integrated ecosystem. This connectivity ensures that any deviations in temperature, humidity, route, or handling conditions can be immediately identified and addressed. From perishable goods and pharmaceuticals to high-value electronics, IoT enables the safe and timely movement of sensitive cargo across vast geographies.

What Technologies and Functional Advancements Are Accelerating IoT Use in Logistics?
Advances in low-power wide-area networks (LPWAN), edge computing, and AI-based analytics are enhancing the capabilities of IoT solutions in logistics. Smart sensors embedded in vehicles, pallets, and packaging collect data on location, environmental conditions, shock/vibration, and handling, which is then processed locally or in the cloud to support real-time decision-making. Edge computing allows for faster data processing at the source, reducing latency and enabling predictive maintenance, dynamic route planning, and energy-efficient operations.

Warehouse automation is another major frontier for IoT in logistics. Connected systems are improving inventory accuracy, reducing human error, and supporting autonomous mobile robots (AMRs) in picking, packing, and sorting tasks. In the freight and fleet segment, IoT devices support telematics systems that track fuel usage, driver behavior, and engine health—enabling preventive maintenance and reduced downtime. Blockchain integration with IoT further adds transparency and immutability to shipping data, supporting compliance and trust in cross-border operations.

Which Logistics Segments and Regions Are Leading IoT Adoption?
IoT is being rapidly adopted across a range of logistics sub-sectors including freight transportation, last-mile delivery, cold chain logistics, and warehouse management. Cold chain, in particular, benefits from IoT-enabled temperature and humidity monitoring to ensure product integrity—critical for pharmaceuticals, fresh produce, and frozen goods. E-commerce logistics is another high-growth segment, where IoT supports real-time order tracking, dynamic route optimization, and delivery verification for increasingly demanding consumers.

North America and Europe are currently the most mature regions in IoT-powered logistics, driven by early adoption of connected technologies, robust infrastructure, and high consumer expectations for transparency and reliability. Asia-Pacific is emerging as a significant growth region, with rapid expansion in e-commerce, manufacturing, and export logistics, particularly in China, India, Japan, and Southeast Asia. Investment in smart ports, logistics parks, and urban distribution hubs is further accelerating IoT deployment. Latin America, Africa, and the Middle East are adopting IoT in targeted areas such as port logistics, mining supply chains, and agriculture exports.

The Growth in the IoT-Powered Logistics Market Is Driven by Several Factors…
It is driven by the growing need for operational efficiency, real-time visibility, and data-driven decision-making in global logistics. The explosion of e-commerce, increasing customer expectations for fast and transparent delivery, and the pressure to reduce fuel and labor costs are compelling logistics companies to embrace IoT-enabled systems. The adoption of smart sensors, real-time tracking devices, and cloud-based analytics platforms allows companies to monitor shipment integrity, optimize routes, reduce delays, and improve asset utilization.

Moreover, technological advances in IoT hardware, wireless connectivity, and data analytics are making deployment more cost-effective and scalable, even for mid-sized logistics providers. The rising focus on supply chain resilience—particularly after global disruptions—has also highlighted the importance of end-to-end visibility and predictive risk management, which IoT systems provide. Regulatory compliance in temperature-sensitive logistics, growing environmental sustainability mandates, and the proliferation of smart city infrastructure are further accelerating the integration of IoT in logistics ecosystems. Collectively, these forces are propelling the sustained growth of the IoT-powered logistics market, positioning it as a cornerstone of the future global supply chain.

SCOPE OF STUDY:

The report analyzes the IoT Powered Logistics market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Component (Software Component, Hardware Component); Application (Fleet Application, Freight Application, Warehouse Application, Yard / Dock Application)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 34 Featured) -

• Advantech Co., Ltd.
• Airspace Technologies
• Amazon Web Services (AWS)
• Arm Holdings plc
• BOWE GROUP
• Cainiao Network Technology
• Colruyt Group
• Dalos
• GP Transco
• Hoopo Systems Ltd.
• IoT Logistics, LLC
• KORE Wireless
• PowerFleet, Inc.
• Samsara Inc.
• Sensitech Inc.
• Suning.com Co., Ltd.
• TagoIO
• Tech Mahindra Ltd.
• Verizon Connect
• Zebra Technologies

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