Connected Logistics Market

Connected Logistics Market

Connected Logistics Market Forecasts to 2028 - Global Analysis By Component (Software, Hardware and Services), Technology (Bluetooth, Cellular, Wi-Fi, ZigBee and Other Technologies), Platform, Transportation Mode, Application and By Geography

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Published: 2023 ID: SMRC23182

This report covers the impact of COVID-19 on this global market

Years Covered


Estimated Year Value (2022)

US $29.72 BN

Projected Year Value (2028)

US $74.32 BN

CAGR (2022 - 2028)


Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

North America

Highest Growing Market

Asia Pacific

According to Stratistics MRC, the Global Connected Logistics Market is accounted for $29.72 million in 2022 and is expected to reach $74.32 billion by 2028 growing at a CAGR of 16.5% during the forecast period. Connected logistics have transformed the way logistical operations are carried out so that they are more focused on the customer's needs by sharing data, information, and facts with supply chain partners. In order to boost the productivity of logistics operations, linked logistics makes use of a network of interconnected communication systems, cloud platforms, and Internet of Things (IoT) technologies. It can also be classified as a set of connected devices that logistics service providers utilize to acquire a better understanding of order processing, financial transactions, shipping, and other logistical activities, including warehousing, transportation, and other value-added logistics services.

According to CISCO, global internet traffic from non-PC devices was approximately 71% of total IP traffic in 2020. Also, Machine-To-Machine (M2M) connections will be half of the total connected devices and connections in the world by 2023. Moreover, there will be 14.7 billion M2M connections by 2025.

Market Dynamics:


Growing adoption of IoT-enabled connected devices

The increasing cost of fuel and related environmental issues such as carbon emissions and pollution are encouraging the shift from traditional transportation methods towards IoT-enabled connected logistics solutions. They leverage sensors, cloud technology, and IoT connectivity to remotely manage, monitor, and control supply chain operations. The adoption of IoT has improved the efficiency of the supply chain platform for the logistics and transportation industries. It provides complete visibility and faster detection of network issues, which helps in effective and timely decision-making. Also, enhanced supply chain visibility leads to long-term cost savings. Thus, the demand for IoT-enabled solutions is expanding across various industrial verticals, including manufacturing, transportation, and automotive.


Lack of logistics standardization

Logistics standardization could present numerous obstacles owing to notable variances in corporate norms, infrastructure, culture, and government legislation. Additionally, to preserve a high level of global competitiveness, the countries need to lower their logistical costs through logistics standardization similar to global standards like European Union (EU) standards and ISO standards. For instance, as opposed to the U.S. and European Union nations, the amount of logistical standardization in both China and Korea is low. This was owing to the lack of promotional and enforcement activities by the Chinese and Korean governments, as well as the absence of regional organizations that may actively launch and unify multi-national logistics standardization efforts. Thus, a lack of logistics standardization raises the cost associated with the full supply chain process, which hampers the growth of the connected logistics market.


Emergence of high-tech vehicles

Autonomous trucks and vehicles feature multiple benefits across various industries that are battling with the desire for shorter delivery times. Thus, the growing requirement for these vehicles across industries such as food and drinks, healthcare and pharmaceuticals, and manufacturing for the movement of goods is boosting the demand for connected logistics technology. The increased need for transportation has emphasized issues such as unpredictable energy prices, enormous investment, and coping with pollutants. Hence, important firms are active in building high-tech cars that are capable of addressing the future needs of the economy as well as society. The high-tech vehicles employed in supply chain and logistics help increase both the efficiency and safety of transportation, paired with enhanced environmental sustainability.


Cyber security risks

Connected logistics involves the collection, transmission, and storage of vast amounts of data, including sensitive information such as customer details, inventory data, and operational metrics. A data breach can result in unauthorized access to this information, leading to financial losses, reputational damage, and potential legal consequences. The interconnected nature of logistics systems increases the attack surface, making them attractive targets for cybercriminals. Furthermore, connected logistics involves collaboration with various third-party vendors, partners, and service providers. Each additional connection point in the supply chain represents a potential vulnerability. Cyber security risks can arise from weaknesses in the security practices of these external entities, including inadequate access controls, unpatched software, or negligent handling of sensitive data. An attack on a trusted partner can quickly propagate across the connected logistics ecosystem. Thus, it is anticipated that the aforementioned factors will limit market growth throughout the forecast period.

Covid-19 Impact:

The COVID-19 epidemic impacted the worldwide economy. Nationwide lockdowns were announced by governments all around the world to curb the infection's spread. In order to preserve social separation and protect employee safety, the production facilities were either shut down completely or operated at reduced capacity. Lack of labor and raw materials produced disruptions in the supply chain across industrial verticals, and trade in most industries came to a standstill. Numerous industries, particularly logistics, were impacted by the pandemic. However, the epidemic has expedited the adoption of technology such as the internet of things (IoT), automation, and robotics in the logistics sector. These technologies are crucial for tracking shipments and automobiles.

The automotive segment is expected to be the largest during the forecast period

The automotive segment dominated the global connected logistics market due to its advanced technology, which was rapidly increasing in the market. The automobile industries linked logistics solutions give real-time infographics depending on the position of the vehicle, the condition of the cargo, and the driver's behavior. Key market participants provide specialist solutions for the automotive sector. For example, Alibaba Cloud offers strong automobile management and monitoring solutions for vehicle makers and goods owners in order to improve vehicle monitoring efficiency and accuracy.

The roadways segment is expected to have the highest CAGR during the forecast period

The segment roadways are anticipated to grow at the highest CAGR over the forecast period. This can be due to the increased necessity for road-based transportation for moving retail products across great distances, notably for last-mile delivery. Additionally, this form of transport offers a great carrying capacity, which makes it a preferred choice for logistics. The rising efforts conducted by governments across the globe to encourage road transport are also helping to expand the sector. For instance, the government of India has introduced a national logistics policy to enhance the ease of doing business and cut transportation costs. As part of this program, the government is creating a highway network from the port area to the outlying regions of the country to reduce gasoline usage, which is regarded as the biggest cost-impacting component in freight transit.

Region with largest share:

The North America region held a sizeable market share and is anticipated to dominate the sector over the forecast period. North America has a well-developed infrastructure, including a robust telecommunications network and high-speed internet connectivity. This provides a solid foundation for implementing connected logistics solutions. With the rise of e-commerce and the need for faster and more efficient delivery services, there is a growing demand for streamlined logistics operations. Connected logistics solutions offer real-time visibility, improved inventory management, route optimization, and predictive analytics, leading to cost savings and improved customer satisfaction.

Region with highest CAGR:

Asia Pacific is slated to register the fastest growth rate during the forecast period. Asia-Pacific is home to some of the largest and fastest-growing e-commerce markets in the world, including China, India, and Southeast Asian countries. The surge in online shopping has created a need for efficient logistics and supply chain solutions, leading to the adoption of connected logistics technologies. The rises of the middle class and rapid urbanization in many Asia-Pacific countries have increased consumer expectations for faster and more reliable delivery services. Connected logistics solutions offer real-time tracking, efficient inventory management, and optimized last-mile delivery, meeting the demands of urban consumers.

Key players in the market

Some of the key players in Connected Logistics market include AT&T, Inc., Cisco Systems Inc., Cloud Logistics, Eurotech S.P.A., Freightgate Inc., HCL Technologies Limited, Honeywell International Inc., IBM Corporation, Infosys Limited, Intel Corporation, NEC Corporation, One Network Enterprises, ORBCOMM, Robert Bosch GmbH, SAP SE, SIGFOX, Trimble and Zebra Technologies Corp.

Key Developments:

In February 2022, C.H. Robinson and Waymo announced a new strategic partnership that would explore connected logistics solutions with the implementation of autonomous driving trucks

In June 2021, Northern Arc Capital has provided USD 3 million in debt funding to Holisol Logistics, which offers end-to-end (E2E) systems for managing supply chains. Due to client expectations for supply chain logistics, Holisol offers E2E solutions. The money will go into expanding the business and raising demand

In May 2020, BluJay Solutions, a top cloud-based logistics execution platform, will be acquired by E2open Parent Holdings, Inc. for about USD 1.7 billion. E2open Parent Holdings, Inc. is a leading network-based distributor of a 100% cloud based, mission-critical, end-to-end management of supply chains platform

Components Covered:
• Software
• Hardware
• Services

Technologies Covered:
• Bluetooth
• Cellular
• Wi-Fi
• ZigBee
• Satellite

Platforms Covered:
• Device Management
• Application Management
• Connectivity Management

Transportation Modes Covered:
• Roadway
• Railway
• Airway
• Seaway

Applications Covered:
• Retail & E-commerce
• Manufacturing
• Oil & Energy and Gas
• Pharmaceuticals and Healthcare
• Telecom and IT
• Automotive
• Aerospace and Defense
• Food and Beverage
• Chemical
• Electronics & Semiconductors
• Other Applications

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Connected Logistics Market, By Component
5.1 Introduction
5.2 Software
5.2.1 Warehouse Management
5.2.2 Freight Management
5.2.3 Fleet Management
5.2.4 Asset Tracking and Management
5.2.5 Device Management
5.2.6 Connectivity Management
5.3 Hardware
5.3.1 RFID Tags
5.3.2 Sensors
5.3.3 Communication Devices
5.3.4 Tracking Devices
5.4 Services
5.4.1 Consulting service
5.4.2 Integration and Deployment
5.4.3 Support & Maintenance
5.4.4 Managed Services

6 Global Connected Logistics Market, By Transportation Mode
6.1 Introduction
6.2 Roadway
6.3 Railway
6.4 Airway
6.5 Seaway

7 Global Connected Logistics Market, By Platform
7.1 Introduction
7.2 Device Management
7.3 Application Management
7.4 Connectivity Management

8 Global Connected Logistics Market, By Technology
8.1 Introduction
8.2 Bluetooth
8.3 Cellular
8.4 Wi-Fi
8.5 ZigBee
8.6 NFC
8.7 Satellite

9 Global Connected Logistics Market, By Application
9.1 Introduction
9.2 Retail & E-commerce
9.3 Manufacturing
9.4 Oil & Energy
9.5 Pharmaceuticals and Healthcare
9.6 Telecom and IT
9.7 Automotive
9.8 Aerospace and Defense
9.9 Food and Beverage
9.10 Electronics & Semiconductors
9.11 Other Applications

10 Global Connected Logistics Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa

11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies

12 Company Profiling
12.1 AT&T, Inc.
12.2 Cisco Systems, Inc.
12.3 Cloud Logistics
12.4 Eurotech S.P.A.
12.5 Freightgate Inc.
12.6 HCL Technologies Limited
12.7 Honeywell International Inc.
12.8 IBM Corporation
12.9 Infosys Limited
12.10 Intel Corporation
12.11 NEC Corporation
12.12 One Network Enterprises
12.14 Robert Bosch GmbH
12.15 SAP SE
12.16 SIGFOX
12.17 Trimble
12.18 Zebra Technologies Corp.

List of Tables
1 Global Connected Logistics Market Outlook, By Region (2020-2028) ($MN)
2 Global Connected Logistics Market Outlook, By Component (2020-2028) ($MN)
3 Global Connected Logistics Market Outlook, By Software (2020-2028) ($MN)
4 Global Connected Logistics Market Outlook, By Warehouse Management (2020-2028) ($MN)
5 Global Connected Logistics Market Outlook, By Freight Management (2020-2028) ($MN)
6 Global Connected Logistics Market Outlook, By Fleet Management (2020-2028) ($MN)
7 Global Connected Logistics Market Outlook, By Asset Tracking and Management (2020-2028) ($MN)
8 Global Connected Logistics Market Outlook, By Device Management (2020-2028) ($MN)
9 Global Connected Logistics Market Outlook, By Connectivity Management (2020-2028) ($MN)
10 Global Connected Logistics Market Outlook, By Hardware (2020-2028) ($MN)
11 Global Connected Logistics Market Outlook, By RFID Tags (2020-2028) ($MN)
12 Global Connected Logistics Market Outlook, By Sensors (2020-2028) ($MN)
13 Global Connected Logistics Market Outlook, By Communication Devices (2020-2028) ($MN)
14 Global Connected Logistics Market Outlook, By Tracking Devices (2020-2028) ($MN)
15 Global Connected Logistics Market Outlook, By Services (2020-2028) ($MN)
16 Global Connected Logistics Market Outlook, By Consulting service (2020-2028) ($MN)
17 Global Connected Logistics Market Outlook, By Integration and Deployment (2020-2028) ($MN)
18 Global Connected Logistics Market Outlook, By Support & Maintenance (2020-2028) ($MN)
19 Global Connected Logistics Market Outlook, By Managed Services (2020-2028) ($MN)
20 Global Connected Logistics Market Outlook, By Transportation Mode (2020-2028) ($MN)
21 Global Connected Logistics Market Outlook, By Roadway (2020-2028) ($MN)
22 Global Connected Logistics Market Outlook, By Railway (2020-2028) ($MN)
23 Global Connected Logistics Market Outlook, By Airway (2020-2028) ($MN)
24 Global Connected Logistics Market Outlook, By Seaway (2020-2028) ($MN)
25 Global Connected Logistics Market Outlook, By Platform (2020-2028) ($MN)
26 Global Connected Logistics Market Outlook, By Device Management (2020-2028) ($MN)
27 Global Connected Logistics Market Outlook, By Application Management (2020-2028) ($MN)
28 Global Connected Logistics Market Outlook, By Connectivity Management (2020-2028) ($MN)
29 Global Connected Logistics Market Outlook, By Technology (2020-2028) ($MN)
30 Global Connected Logistics Market Outlook, By Bluetooth (2020-2028) ($MN)
31 Global Connected Logistics Market Outlook, By Cellular (2020-2028) ($MN)
32 Global Connected Logistics Market Outlook, By Wi-Fi (2020-2028) ($MN)
33 Global Connected Logistics Market Outlook, By ZigBee (2020-2028) ($MN)
34 Global Connected Logistics Market Outlook, By NFC (2020-2028) ($MN)
35 Global Connected Logistics Market Outlook, By Satellite (2020-2028) ($MN)
36 Global Connected Logistics Market Outlook, By Application (2020-2028) ($MN)
37 Global Connected Logistics Market Outlook, By Retail & E-commerce (2020-2028) ($MN)
38 Global Connected Logistics Market Outlook, By Manufacturing (2020-2028) ($MN)
39 Global Connected Logistics Market Outlook, By Oil & Energy (2020-2028) ($MN)
40 Global Connected Logistics Market Outlook, By Pharmaceuticals and Healthcare (2020-2028) ($MN)
41 Global Connected Logistics Market Outlook, By Telecom and IT (2020-2028) ($MN)
42 Global Connected Logistics Market Outlook, By Automotive (2020-2028) ($MN)
43 Global Connected Logistics Market Outlook, By Aerospace and Defense (2020-2028) ($MN)
44 Global Connected Logistics Market Outlook, By Food and Beverage (2020-2028) ($MN)
45 Global Connected Logistics Market Outlook, By Electronics & Semiconductors (2020-2028) ($MN)
46 Global Connected Logistics Market Outlook, By Other Applications (2020-2028) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above. "

List of Figures


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.

Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.

For more details about research methodology, kindly write to us at

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