Global Connected Logistics Market 2016-2020
About Connected Logistics
In recent times, the need for real-time monitoring of vehicles carrying goods has increased significantly to ensure on-time and safe delivery, which, in turn, has increased the demand for connected logistics. Connected logistics services generate high volumes of data and a variety of information that can be stored and analyzed with the highest level of accuracy. Connected logistics can be useful at all stages of the logistics supply chain such as warehousing, transportation, and final delivery.
Technavio’s analysts forecast the global connected logistics market to grow at a CAGR of 29.72% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global connected logistics market for 2016-2020. To calculate the market size, the report considers the revenue generated by vendors by providing the various technology and services to customers such as software services, IT services, and hardware devices has been taken into consideration.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Connected Logistics Market 2016-2020
Technavio recognizes the following companies as the key players in the global connected logistics market: Accenture, AT&T, Cisco, SAP, and Oracle.
Other Prominent Vendors in the market are: Alcatel-Lucent, Amazon Web Services, BT9, Gemalto, Huawei Technologies, IBM, Infosys, Intel, Microsoft, ORBCOMM, PTC, Qualcomm, Samsung Electronics, Siemens, TCS, and Vitria.
Commenting on the report, an analyst from Technavio’s team said: “The increasing adoption of IoT in SCM systems is one of the most important trends in the connected logistics market. IoT is being increasingly adopted because smart connected devices help to track shipments on a real-time basis. IoT has already gained traction in industry verticals such as manufacturing, healthcare, and the transportation.”
According to the report, connectivity and robust infrastructure are the central pillars of SCM systems. Communication systems enhance the performance of logistics services and reduce costs with the help of advanced technologies (such as sensors and RFID). Intelligent transportation systems and the adoption of vehicle telematics in logistic services will improve communication systems.
Further, the report states that There are ICT-related infrastructure challenges that pose barriers to the adoption of connected logistics solutions. These include the lack of communication systems, low bandwidth, and connectivity. The challenge is higher in developing economies than in developed economies. The storage facilities and vehicles that are used in the supply chain systems in developing nations are mostly outdated.
Accenture, AT&T, Cisco, SAP, Oracle, Alcatel-Lucent, Amazon Web Services, BT9, Gemalto, Huawei Technologies, IBM, Infosys, Intel, Microsoft, ORBCOMM, PTC, Qualcomm, Samsung Electronics, Siemens, TCS, Vitria.
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