April 2025
The connected logistics market size is projected to reach USD 158.09 billion by 2034, expanding from USD 43.79 billion in 2025, at an annual growth rate of 14.93% during the forecast period from 2025 to 2034.
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The connected logistics market is a prominent segment of the logistics industry. This industry deals in developing solutions for enhancing the logistics operations. There are several types of hardware components used in this sector consisting of RFID tags, sensors, communication devices, tracking devices and some others. Also, there are various software that are used in this logistics sector including warehouse management, fleet management, freight transportation management, asset tracking and management, data management and analytics and some others. It finds applications in numerous end-user sectors such as retail and ecommerce, automotive, aerospace and defense, healthcare, energy, electronics and some others. The rising development in the logistics industry across the world has contributed to the industrial expansion. This market is projected to rise drastically with the growth of the online retail sector around the globe.
In June 2024, Remco Timmer, the Vice President of Product Management at HERE Technologies made an announcement stating that,” The Fleet Optimization package is designed to streamline and enhance fleet management processes, helping customers manage their fleets more efficiently and at a reduced cost."
The connected logistics market is a fragmented industry with the presence of several market players. Some of the prominent players in this industry comprises of Intel Corporation, Infosys Limited, Cisco System Inc., HCL Technology Limited, IBM Corporation, SAP SE and some others. These companies are continuously engaged in developing advanced logistics solutions and adopting numerous strategies to maintain their position in this industry.
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April 2025
April 2025
April 2025
April 2025
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