Global Internet of Things (IoT) in Logistics Market size was valued at US$ 39.07 Bn. in 2020 and the total revenue is expected to grow at 13.25 % through 2021 to 2027, reaching nearly US$ 93.36 Bn.
Global Internet of Things (IoT) in Logistics Market Overview:
The Global Internet of Things (IoT) in Logistics Market Report delves into the most recent industry studies on the Internet of Things (IoT) in Logistics market, analyses potential and current market scenarios, and offers insights and updates on forecast periods for key segments (2020-2027). Global demand, product development, revenue creation, and Internet of Things (IoT) in Logistics market sales and revenue are all covered in this study. Strong and bearish scenarios are presented in order to establish a total market valuation, taking into account Internet of Things (IoT) in Logistics sales during the predicted period. Likewise, this research compares regional and big company variable costs to global average prices.
The Internet of Things (IoT) promises enormous benefits to logistics operators, their corporate customers, and end consumers. It benefits, among other things, operational efficiency, safety and security, customer experience, and new business models. These benefits apply throughout the whole logistics value chain, including warehousing, freight transportation, and last-mile delivery. In the coming decades, these features are likely to become inseparable basics in the logistics industry, with implications for the Internet of Things (IoT).
Segmentation:
Product categories, applications, end-users, and distribution or sales channel are all used to categorise the Internet of Things (IoT) in Logistics market. The establishment of different segments will assist you in learning about the various growth components that are likely to be comparable across the sector, as well as establishing unique techniques to assist you in identifying significant application areas and differences in your target markets.
The logistics market for the Internet of Things (IoT) is divided into two segments: large enterprises and small businesses. In 2020, the Large Enterprises segment had the highest market share of percent. Because SMEs have better access to IoT solutions, major corporations have a far greater IoT prevalence in logistics operations than small and medium businesses (SMEs).
Warehouse, Freight, Yard/dock, Fleet, and Others are the sub-segments of the Internet of Things (IoT) in Logistics market. In 2020, the Fleet category had the greatest market share of percent. Fleet management helps logistics organisations better manage fuel and maintenance costs, provides real-time visibility of the fleet, improves driver safety, eliminates driver fraud, and extends the life of vehicles, all of which contribute to the IoT in logistics market's individual category growth. Logistics companies may be able to conduct these fleet management tasks more efficiently by utilising IoT technologies.
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Key Players:
• Amazon Web Services Inc.
• IBM Corporation
• Intel Corporation
• AT&T Inc.
• PTC Inc.
• Hexagon AB
• Eurotech S.p.A.
• Cisco System Inc.
• Veridify Security Inc.
• ORBCOMM Inc.
• E2open, LLC
• NEC Corporation
• Honeywell International Inc.
• Qualcomm Inc.
• Microsoft Corp.
• SAP SE
• Oracle Corp.
• Octonion SA.
For improved business strategies and competitive advantage, knowing your competitors' primary business plans, historical performance, and product and service portfolio is vital. The main players in the Internet of Things (IoT) in Logistics market are examined in depth in this report.
Regional Analysis:
The research report gives insight into the Internet of Things (IoT) in Logistics market, segmenting it into multiple regions. The research contains market findings as well as assessments of regional market players in the target industry. The report assesses the market in North America, South America, Europe, Asia Pacific (APAC), Africa, and the Middle East on a regional and country-by-country basis. Each region's market is thoroughly examined, allowing for the identification of regional market trends, restrictions, and prospective prospects.
COVID-19 Impact on Internet of Things (IoT) in Logistics market Analysis:
This report looks at COVID-19's global influence on the Internet of Things (IoT) in Logistics market. The report covers the Internet of Things (IoT) in Logistics market's alternatives, hard conditions, and difficult possibilities in depth during the current crisis. The benefits and drawbacks of COVID-19 in terms of funding and market expansion, as well as ideas for designing and implementing corporate goals, are reviewed in this study report.
Highlights of the Internet of Things (IoT) in Logistics Market Report:
- The structure and forecasts for the market over the forecast period.
- Market drivers, challenges, opportunities, and current trends.
- Statistics and forecasts for historical periods.
- Estimates for the forecast period of 2027.
- Recent developments and trends on the Internet of Things (IoT) in Logistics market.
- The following is a market scenario by region, sub region, and country.
- A list of the global market players, their company profiles, product specifications, SWOT analyses, and competitive landscape.
- Market dynamics of downstream raw materials, upstream raw materials, and current raw materials.
- Report includes information about government policies, macroeconomic factors, and microeconomic factors.
Key Questions answered in the Internet of Things (IoT) in Logistics Market Report are:
- Which product segment grabbed the largest share in the Internet of Things (IoT) in Logistics market?
- How is the competitive scenario of the Internet of Things (IoT) in Logistics market?
- Which are the key factors aiding the Internet of Things (IoT) in Logistics market growth?
- Which region holds the maximum share in the Internet of Things (IoT) in Logistics market?
- What will be the CAGR of the Internet of Things (IoT) in Logistics market during the forecast period?
- Which application segment emerged as the leading segment in the Internet of Things (IoT) in Logistics market?
- Which are the prominent players in the Internet of Things (IoT) in Logistics market?
- What key trends are likely to emerge in the Internet of Things (IoT) in Logistics market in the coming years?
- What will be the Internet of Things (IoT) in Logistics market size by 2027?
- Which company held the largest share in the Internet of Things (IoT) in Logistics market?
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