Connected Logistics Market Insights, Leading Players and Forecast Report, 2030

NEW YORK - Feb. 13, 2024 - PRLog -- The connected logistics market had a total value of USD 32.4 billion in 2023, and it will power at a rate of 14.1% by the end of this decade, to touch USD 81.1 billion in 2030.

These technologies share info on numerous features of goods transportation with delivery chain associates, thus making the logistical procedures more client centric.

Such a method uses a network of unified communication systems, IoT, and cloud channels to advance the competence of logistics processes. The growth of the industry is leading to a surge in the count of interconnected logistics systems considered by strong safety interoperability, easy availability, and safety features.

The leading position is held by the North American connected logistics market, mostly powered by its innate rail and road infra. Additionally, the robust R&D ecosystem lets for the rapid acceptance of cutting-edge technologies. The continent's status as the maximum revenue contributor is additionally helped by the considerable existence of key players.

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APAC will grow the fastest in the future. It is going through smoother financial growth as opposed to other regions, therefore positioning itself as a central hub for logistical actions. Furthermore, the industry is driven by the developments in conveyance technologies and the expanding spending on smart city projects. The affluent e-commerce and manufacturing industry also contribute considerably to the expansion of the industry, with India and China the main shareholders.

It is because of sharing info on various aspects of goods and transportation, the demand for connected logistics solutions is on the rise. This trend will continue in the future as well.