Connected Logistics Market : Industry Analysis, Opportunity Assessment and Forecast upto 2025
Key players in the global connected logistics market are adopting numerous growth strategies to steal a march over their competitors. Besides product development, key players in the global connected logistics market are resorting to mergers and acquisitions to gain competitive advantage. Majorly fuelling growth in the global connected logistics market is the breakthrough development in the transportation of sensitive products such as pharmaceuticals. For example, severe temperature fluctuations at the time of transport of pharmaceuticals sends alert to the manufacturer to take action before the products get damaged. The rising prominence of internet of things in the logistics industry, along with multiple applications of connected logistics in e-commerce, the global connected logistics market is receiving a boost. A report by Transparency Market Research predicts the global connected logistics market to rise at a robust 17.8% CAGR over the forecast period between 2017 and 2025. At this pace, the market will become worth US$55.17 bn by the end of 2025 from US$10.21 bn in 2016. Obtain Report Details @ http://www.transparencymarketresearch.com/connected-logistics-market.html The global connected logistics market by service has been segmented into asset management, remote asset tracking, security, network management, and data management. Amongst all, asset management is likely to account for the leading share in the connected logistics market. At present, globalization and the need for advanced transportation and logistics infrastructure is fuelling the demand for automated logistic systems. This is where the virtues of asset management software come into play in terms of assisting freight and infrastructure managers to address a number of service and performance issues. In terms of end-use, the key segments into which the global connected logistics market has been divided are freight management, food and beverage supply chain, healthcare, retail. Warehouse management, and others.