Connected Logistics Market Size, Share, Growth Analysis, By Component(Hardware, Software, Services), By Transport Mode(Roadways, Railways, Software, Services), By Region - Industry Forecast 2024-2031

Global Connected Logistics Market size was valued at USD 30.32 billion in 2022 and is poised to grow from USD 34.97 billion in 2023 to USD 109.53 billion by 2031, at a CAGR of 15.34% during the forecast period (2024-2031).

The connected logistics market is highly competitive, with key players from a variety of industries including logistics, technology, and telecommunications working to capture market share. The primary competition is through IoT, real-time analytics, big data analytics, and cloud computing innovations focused on expanding the global footprint, increasing technology integration, and building strategic partnerships to deliver of the improvement of their service delivery. This competitive landscape has been marked by mergers and acquisitions, alliances and collaborations as firms work towards achieving a strategic partnership in the integrated logistics sector. 'Cisco Systems Inc. (United States)', 'IBM Corporation (United States)', 'SAP SE (Germany)', 'Oracle Corporation (United States)', 'Intel Corporation (United States)', 'Huawei Technologies Co., Ltd. (China)', 'Siemens AG (Germany)', 'Amazon Web Services, Inc. (United States)', 'Microsoft Corporation (United States)', 'Google LLC (United States)', 'Accenture PLC (Ireland)', 'DHL International GmbH (Germany)', 'FedEx Corporation (United States)', 'UPS (United Parcel Service, Inc.) (United States)', 'Deutsche Post AG (Germany)', 'Honeywell International Inc. (United States)', 'General Electric Company (United States)', 'Zebra Technologies Corporation (United States)', 'Cognizant Technology Solutions Corporation (United States)', 'JDA Software Group, Inc. (United States)', 'Qualcomm Technologies, Inc. (United States)', 'ABB Ltd. (Switzerland)'

One of the main factors of the connected logistics industry is the growing need for real-time tracking and visibility. Connected logistics solutions provide the actual-time tracking competencies through IoT devices, GPS, and the data analytics, presenting stop-to-cease visibility for various stakeholders. This demand is mainly high in industries including the retail and e-trade, wherein customers expect timely updates on shipment reputation. As global supply chains become increasingly complex, companies need real-time insights into shipments and inventory. 

Increasing Adoption of Cloud-based Logistics Solutions: The shift to cloud-based solutions is a major connected logistics market trend. Cloud technology offers flexibility, scalability, and lower infrastructure costs, making it an attractive option for carriers. Cloud-based logistics platforms enable real-time access to data and facilitate communication between stakeholders. Additionally, these solutions greatly support data processing and analysis, improving decision-making by management. The rise of cloud computing in connected logistics is helping companies manage complex global supply chains, improve efficiency and reduce operating costs.  

North America leads the connected logistics market, with significant revenue from segments such as retail, e-commerce and automotive. The industry benefits from established technology infrastructure, widespread adoption of IoT and a robust regulatory framework to support data protection. The North American focus on advanced logistics technology, coupled with increasing e-commerce activity, has accelerated the adoption of integrated logistics solutions. Furthermore, logistics a supplied with the leading technology companies in the US. plays an important role in the connected logistics markets of the region.