Connected Logistics Market Size, Share, Industry Trends and Forecast to 2033
This report provides an in-depth analysis of the Connected Logistics market from 2023 to 2033, offering insights into market size, growth trends, segmentation, regional analysis, and technological advancements shaping the industry.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $9.50 Billion |
| CAGR (2023-2033) | 10.2% |
| 2033 Market Size | $26.00 Billion |
| Top Companies | SAP SE, Oracle Corporation, IBM, Amazon Web Services |
| Last Modified Date | 15 Nov 2024 |
Connected Logistics Market Report (2023 - 2033)
Connected Logistics Market Overview
What is the Market Size & CAGR of Connected Logistics market in 2023?
Connected Logistics Industry Analysis
Connected Logistics Market Segmentation and Scope
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Connected Logistics Market Analysis Report by Region
Europe Connected Logistics Market Report:
Europe's Connected Logistics market is anticipated to grow from $2.57 billion in 2023 to $7.02 billion by 2033. The region is witnessing heightened demand for digitization in logistics operations, with sustainability and compliance driving technology investments.Asia Pacific Connected Logistics Market Report:
In 2023, the Asia Pacific market for Connected Logistics is valued at $1.83 billion, with expectations to grow to $5.01 billion by 2033 due to rising e-commerce activities and investments in smart warehouses across countries like China and India, which are leveraging technology to streamline supply chains.North America Connected Logistics Market Report:
North America represents the largest segment of the Connected Logistics market, with a valuation of $3.30 billion in 2023, forecasted to expand to $9.03 billion by 2033. The proliferation of advanced technologies and a strong focus on operational efficiency significantly contribute to this growth.South America Connected Logistics Market Report:
South America currently presents a Connected Logistics market size of $0.48 billion in 2023, projected to reach $1.32 billion by 2033. This growth is primarily driven by increasing globalization and the region's adoption of innovative logistics solutions to overcome infrastructural challenges.Middle East & Africa Connected Logistics Market Report:
The Connected Logistics market in the Middle East and Africa is valued at $1.33 billion in 2023 and is expected to grow to $3.63 billion by 2033. Countries in this region are increasingly adopting smart logistics solutions to enhance operational efficiency in light of growing economic diversification efforts.Request a custom research report for industry.
Connected Logistics Market Analysis By Technology
Global Connected Logistics Market, By Technology Market Analysis (2023 - 2033)
The Connected Logistics market exhibits a robust performance across various technologies. IoT holds a significant share of the market, valued at $6.07 billion in 2023 and projected to reach $16.60 billion by 2033, representing 63.86% market share. Similarly, Machine Learning and AI are pivotal, with a 2023 market size of $2.11 billion, expected to grow to $5.78 billion by 2033, maintaining a share of 22.24%.
Connected Logistics Market Analysis By Component
Global Connected Logistics Market, By Component Market Analysis (2023 - 2033)
Components of the Connected Logistics market are primarily hardware and software-driven. Hardware leads with a market size of $6.07 billion in 2023, expected to rise to $16.60 billion by 2033, retaining a 63.86% share. Services, while smaller, play a crucial role, with a size of $1.32 billion in 2023 projected to grow to $3.61 billion by 2033, accounting for 13.9% of the share.
Connected Logistics Market Analysis By Application
Global Connected Logistics Market, By Application Market Analysis (2023 - 2033)
Retail is the leading application segment in the Connected Logistics market, valued at $5.30 billion in 2023 and projected to grow to $14.50 billion by 2033 with a consistent share of 55.78%. This is followed by the automotive and transportation sectors, with market sizes expected to reach $6.24 billion and $2.62 billion respectively by 2033.
Connected Logistics Market Analysis By Industry
Global Connected Logistics Market, By Industry Market Analysis (2023 - 2033)
The industry segmentation shows retail dominating the sector, while automotive and healthcare hold significant portions as well. In 2023, the automotive industry contributes $2.28 billion, projected to grow to $6.24 billion by 2033, reflecting a strong adoption of connected technologies that enhance supply chain efficiency.
Connected Logistics Market Trends and Future Forecast
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Global Market Leaders and Top Companies in Connected Logistics Industry
SAP SE:
SAP SE is a pioneer in enterprise software and solutions, offering innovative logistics management systems aimed at improving supply chain efficiency and visibility.Oracle Corporation:
Oracle offers robust cloud-based logistics solutions that facilitate connected logistics, improving data accuracy and operational insights for businesses globally.IBM:
IBM provides a range of AI and blockchain solutions to enhance transparency and efficiency in connected logistics ecosystems, enabling businesses to respond rapidly to changes in demand.Amazon Web Services:
AWS is at the forefront of providing scalable cloud solutions that facilitate real-time data tracking and management in logistics, driving innovation in supply chain operations.We're grateful to work with incredible clients.
